April, 2023

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Same-day ACH payments soar

Payments Dive

The dollar value of same-day ACH payments nearly doubled in the first quarter as the volume increased 20.7%, Nacha said this week in a quarterly update.

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Paving the Way: Inspiring Women in Payments - A Q&A featuring Nancy Zayed

PCI Security Standards

Nancy Zayed recognizes that there is a significant underrepresentation of women in science, technology, engineering, and math (STEM) professions with a variety of factors contributing to this imbalance. But, as the cofounder and Chief Technology Officer of her own software payment security company, she chose not to be influenced by these facts and instead became an example of how women can achieve success in these industries.

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What is document processing?

Nanonets

Documents are ubiquitous in business and serve as the foundation for data, information, and knowledge. From invoices and contracts to emails and memos, documents are an essential part of the daily document processing workflow.   According to Statistica.com , there has been an exponential increase in the total amount of data (from various documents) being created, captured, copied, and consumed globally.

Process 98
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Advancing the Science of Optimization: FICO & Zuse Institute Berlin

FICO

Home Blog FICO Advancing the Science of Optimization: FICO & Zuse Institute Berlin FICO partners with Zuse Institute Berlin on critical research into mathematical optimization FICO Admin Tue, 02/18/2020 - 14:57 by Oliver Bastert Vice President, Product Management expand_less Back To Top Mon, 04/03/2023 - 11:45 As a result of the pandemic, interest in mathematical optimization has risen to new heights.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Income Per Capita – Meaning

Payment Savvy

In today’s globalized world, understanding a country’s economic health is crucial to comprehending its overall well-being and development. There are several metrics that can be used to determine how well the country is performing, and one of them is called income per capita. In this article, we will be talking about what it is and why it’s so important for policymakers and economists to calculate it regularly.

Economy 96
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3 applications of generative AI in financial services

CB Insights

Generative AI — which comprises artificial intelligence technologies and applications that generate entirely new content including text, audio, images, video, code, and data — is already seeping into the financial services industry. While big banks like Bank of America, Citigroup, and Goldman Sachs were quick to place restrictions on employee use of OpenAI ’s ChatGPT in February 2023, other financial firms have jumped at the opportunity to leverage the tech.

AI 77

More Trending

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Watch Questions with the Council: What to Know About PCI DSS v4.0 Training

PCI Security Standards

In the third installment of the “Questions with the Council” video series, Senior Manager, Tom White answers the payment industry’s questions about PCI DSS v4.0. The questions focus specifically on training offerings related to PCI DSS v4.0.

PCI DSS 92
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Surviving the Silicon Valley Bank-pocalypse: Mastering Multi-Bank Management for Startups

Nanonets

Cash management, or effective treasury management, can often be the deciding factor for the success or failure of tech startups. To achieve success, it is crucial to manage cash flow, particularly the "burn rate," which refers to the rate at which money is spent before reaching profitability. To operate safely and efficiently in every stage of growth, companies need the right mix of liquidity options and a range of treasury management products and services.

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Beyond certifications: take a holistic approach to security for API-enabled IT 

Axway

The announcement of Axway’s Amplify Platform receiving Common Criteria EAL4+ certification has been welcomed by the API community as a major step forward in securing information systems.

API 64
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Central Bank of UAE launches CBDC implementation strategy

The Paypers

The Central Bank of the UAE has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3 , G42 Cloud and Clifford Chance.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Analyzing Visa’s growth strategy: How the company is facilitating seamless customer experiences and expanding access to financial products

CB Insights

When it comes to digital financial products and services, customers expect a frictionless experience. To meet this need, leading global payment network Visa has forged hundreds of strategic business partnerships, invested in dozens of companies, and made a few acquisitions over the last 2 years. DOWNLOAD THE STATE OF FINTECH 2022 REPORT Get the latest data on global fintech investment trends, the unicorn club, sectors from banking to payments, and more.

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Pavilion Payments plots growth

Payments Dive

The gaming payments service provider, previously part of processor Global Payments, aims to increase business by investing in technology and more staff.

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Spotlight On: Bank of America, a New Principal Participating Organization

PCI Security Standards

Welcome Bank of America, a new Principal Participating Organization (PPO) at the PCI Security Standards Council! In this special spotlight edition of our PCI Perspectives Blog, Tim Thomas, VP, Sr. Product Manager, PCI Programs, at Bank of America introduces us to his company and how they are helping to shape the future of payment security.

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The 10 best AI Email Assistants & AI Email Writers in 2023

Nanonets

AI for Email Writing Email communication has become an integral part of our daily lives, especially in the workplace. It is a fast, convenient, and efficient way to communicate with clients, colleagues, and stakeholders. However, crafting a well-written email that conveys the right message and tone can be a challenging task, especially for people with limited writing skills or experience.

AI 97
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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

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Equinor’s B2B data exchange in a multi-cluster setup

Axway

With a commitment to turning natural resources into energy for people and progress for society, Equinor is helping shape the future of energy for the better. Part of achieving this goal is a B2B infrastructure that supports these efforts.

B2B 59
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Bottomline integrates with Trellix XDR

The Paypers

Fintech provider Bottomline has announced the technical integration of its user monitoring solution Record & Replay with threat detection and response platform Trellix XDR.

FinTech 69
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Shopify launches direct bill pay: What’s next for A2A payments?

CB Insights

Shopify, an e-commerce infrastructure leader, has long used business partnerships to help merchants with handling payments. The company is continuing this strategy with its new partnership with invoice payments platform Melio to offer a direct bill payments service — which includes an option to pay directly through a bank account. This reflects a broader trend: Account-to-account (A2A) payments , where funds are transferred between two bank accounts without intermediaries such as card netw

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Fiserv takes lead back from FIS

Payments Dive

Fiserv bested FIS in the competitive payments processing market last year, handling more transactions with a larger value, said an industry consultant.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.

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5 Reasons to Become an Associate PO

PCI Security Standards

PCI Security Standards Council (PCI SSC) Associate Participating Organizations (APOs) are vital contributors to the mission of helping secure payment data globally. As an APO, you join a growing community of organizations and individuals dedicated to the development, promotion, and ongoing improvement of payment security standards and resources.

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Digitizing Healthcare & Automating Healthcare document processing in 2023

Nanonets

The pandemic led to a steep increase in the adoption of digitization across sectors, including healthcare. With this new wave of healthcare innovation driven by healthcare digitization, healthcare organizations are exploring new avenues to improve their patient experience, reduce their costs and meet the rising expectations of healthcare professionals in one go.

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Solving common API challenges with an API First approach [Podcast]

Axway

How can you ensure your API strategy is a success? In a recent interview on the API Intersection Podcast, VP of Axway Catalysts Brian Otten says the best enterprise API strategy must be business-driven.

API 59
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India and Nepal to sign cross-border mobile payments agreement

The Paypers

The governments of India and Nepal have drawn up an agreement to launch the service that will let visitors to Nepal use Indian digital wallets for payments.

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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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What’s Next For Fintech?: Investment Trends to Watch

CB Insights

The post What’s Next For Fintech?: Investment Trends to Watch appeared first on CB Insights Research.

FinTech 82
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Justice debit probe draws in Mastercard

Payments Dive

The Justice Department’s antitrust division issued a civil investigative demand to the card company as part of a debit card probe that has also entangled its larger rival Visa.

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Open banking, open finance and Smart Data – Parliamentary panel update

Open Banking

Earlier this week, OBL hosted a Parliamentary reception with regulators, MPs, civil servants and members of the open banking ecosystem, with a panel discussion on the future of open banking, open finance and Smart Data. Following last week’s publication of the Joint Regulatory Oversight Committee’s Report on the future of open banking, and ahead of the inaugural meeting of the newly formed Smart Data Council , it was a timely opportunity to explore the next steps needed to build on the success o

Finance 52
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Cracking the Alignment Problem in AI: Exploring ChatGPT's Responses to Controversial Prompts

Nanonets

If you’re a conversational AI or AI language model developer, one of the last things you want your artificial intelligence to do is to entertain inflammatory notions or ethical and moral quandaries. The AI Alignment field exists to regulate the response of chatbots like ChatGPT to ensure that they fulfill their intended purpose and avoid responding to inflammatory, unethical, or morally questionable prompts.

AI 94
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7 Essential Criteria for Choosing the Right Payments Partner

Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms

In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.

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Future-enabled controlled substance ordering helps achieve compliance and speed.

Axway

Managing the distribution of controlled substances can be a technical headache for organizations throughout the pharma and healthcare supply chain, but it’s also an important responsibility that prevents diversion and abuse.

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Nexi Greece provides Greenpeace with secure digital payments

The Paypers

Nexi Greece , part of paytech Nexi Group , has partnered with Greenpeace to provide payment security services that protect payment data for the latter’s customers.

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What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends?

FICO

Home Blog FICO What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends? So far in 2023, consumers have braced inflation, a balanced housing market, looming prospect of a recession, removal of medical collections data, and student loan forgiveness plan FICO Admin Tue, 02/18/2020 - 14:57 by Radha Chandra Senior Director, Scores expand_less Back To Top Fri, 04/28/2023 - 15:00 We’re almost at the mid-way point of 2023, and it is shaping up to be a year of opposing forces.

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FedNow gives banks a leg up against fintechs

Payments Dive

The instant payment floodgates are about to open when FedNow launches in July, giving banks a chance to win back customers lost to fintechs, says one GFT Group executive.

FedNow 167
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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.