July, 2022

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Feds crack down on improper payments

Payments Dive

A federal government report released this week takes aim at the problem of fraudulent public benefit payments, which mushroomed to $281 billion for fiscal year 2021.

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Continuous Financial Education for Women Small Business Owners

FICO

Home. Blog. FICO. Continuous Financial Education for Women Small Business Owners. FICO-hosted panel at NAWBO’s 2022 Advocacy Days discusses how financial education impacts access to capital and business growth for small businesses. FICO. Tue, 02/18/2020 - 14:57. by Joanne Gaskin. expand_less Back To Top. Thu, 07/21/2022 - 15:30. In June, I had the pleasure of participating in a panel discussing credit access and financial education for women small business owners at the National Association of W

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State of Fintech Q2’22 Report

CB Insights

Global fintech funding fell 33% quarter-over-quarter (QoQ) to hit $20.4B — its lowest level since Q4’20. Deals also hit a 6-quarter low, dropping 17% QoQ to reach 1,225. In line with this trend, $100M+ mega-rounds also accounted for a smaller percentage of total deals (4%) and funding (47%) than they did at any quarterly point last year. Below, check out a handful of highlights from our 197-page, data-driven State of Fintech Q2’22 Report.

FinTech 100
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The Paypers launches the 7th edition of the Payment Methods Report 2022

The Paypers

The Paypers has launched the 7th edition of the Payment Methods Report 2022 , which offers a detailed look at the latest developments in the payment methods space and the new technologies that these methods rely on.

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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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Axway Financial Accounting Hub: a new platform to support your finance team’s digital transformation

Axway

For most of our clients, their finance department is under construction: the order of the day is digital transformation of the finance function. . (Version française ci-dessous).

Finance 72
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How To Create An eCommerce Privacy Policy, And Why You Should Do So Now

Agile Payments

How To Create An eCommerce Privacy Policy, And Why You Should Do So Now.

Privacy 88

More Trending

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The Importance of Trustworthy, Independent SOC Reports in FP&A

The Finance Weekly

FP&A software company , Vena Solutions made headlines recently with their controversial Systems and Organization Controls (SOC) reports grabbing the spotlight. One of Vena’s customers, , Verra Mobility , claimed that Vena misled them into believing that the Soc 1 Type II report that Verra was given had been audited by an independent auditor. Verra, a Nasdaq listed mobility software firm (Nasdaq: VRRM), cited in a , securities filing from April that the report was audited in house by Vena, wh

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Analyzing SoFi’s growth strategy: How the personal finance company is expanding beyond lending

CB Insights

Consumer-facing finance company SoFi has traditionally been known for its lending services. The company went public in 2021, and now has a market cap of over $5B, even amid 2022’s widespread slump in tech stocks. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop&#

Finance 84
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Airwallex launches online payments app on Shopify

The Paypers

UK-based money remittance platform Airwallex has launched an online payments app on Shopify , allowing merchants to integrate a gateway plugin on their online store and accept payments from customers around the globe.

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Is it time to break up with your MFT provider? Here’s how Axway MFT compares to other MFT vendors

Axway

Maybe it came after a major announcement, or perhaps it was one too many missed connections. Either way, you’re not quite sure anymore that your MFT vendor is living up to your expectations.

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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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Wolf, Goat and Cabbage: The Digital Customer Experience Riddle

FICO

Home. Blog. FICO. Wolf, Goat and Cabbage: The Digital Customer Experience Riddle. Disjointed digital customer experiences are causing banking and insurance customers to flee in record numbers. FICO. Tue, 07/02/2019 - 02:45. by Jim Neumann. expand_less Back To Top. Tue, 07/19/2022 - 14:55. Building compelling, digital customer experiences that are validated by analytics is the key to successful digital transformation strategies… and a vexing challenge for banks and insurance companies facing ever

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Payactiv jettisons some fees in wake of CFPB move

Payments Dive

The earned wage access provider said that it was eliminating some fees just as the federal agency decided to remove a prior order giving the company leeway under certain laws.

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What Constitutes a Low-Risk Merchant Account?

National Merchants Association

Companies that qualify for low-risk merchant accounts often pay lower service fees and benefit from other perks that help them succeed. Can your business take advantage of low-risk merchant account processing? Learn more about what constitutes a low-risk merchant account, so you can focus on the best processing options that match your business’s features.

Risk 52
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State of Blockchain Q2’22 Report

CB Insights

Venture capital investors scaled back crypto investments in Q2’22 due to macroeconomic pressures and concerns about crypto valuations and stablecoins. Global funding fell by 29% quarter-over-quarter. Below, take a look at a few highlights from our 192-page, data-driven State of Blockchain Q2’22 Report. For all the record figures, private market data, and deeper insights, download the full report.

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Sberbank reuses bank card chips to fight shortage

The Paypers

Russia-based Sberbank has started removing chips from un-activated cards to combat shortage after European suppliers halted deliveries based on EU sanctions imposed on the country amid the ongoing Ukraine invasion.

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Digital disruptions in the publishing world

Axway

On Transform It Forward , we’re often discussing emerging new technologies, exciting innovations, and the digital revolution. But no matter how advanced our technology becomes, there will always be a fundamental human need for powerful storytelling.

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FICO Fact: Can unconstrained AI/ML expand access to credit?

FICO

Home. Blog. FICO. FICO Fact: Can unconstrained AI/ML expand access to credit? FICO has been a pioneer in the use of machine learning (ML) in the financial services industry for over 25 years. FICO. Tue, 07/02/2019 - 02:45. by Can Arkali. expand_less Back To Top. Mon, 07/18/2022 - 18:40. FICO leverages machine learning (ML) in solutions ranging from fraud detection to marketing.

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Zip ditches Sezzle BNPL buyout

Payments Dive

The Australian company will pay $11 million to Sezzle after it dropped a plan to purchase the Minneapolis-based company in the face of “macroeconomic and market conditions.

BNPL 183
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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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What Constitutes a Low-Risk Merchant Account?

National Merchants Association

Companies that qualify for low-risk merchant accounts often pay lower service fees and benefit from other perks that help them succeed. Can your business take advantage of low-risk merchant account processing? Learn more about what constitutes a low-risk merchant account, so you can focus on the best processing options that match your business’s features.

Risk 52
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Analyzing JP Morgan’s growth strategy: How the banking giant plans to avoid disruption from fintechs

CB Insights

JP Morgan (JPM) is one of the leading financial institutions globally with over $3T in assets. While the company is largely known for its wealth management services, it has made key acquisitions and investments in the last 2 years that expand its offerings. JPM’s investment activity reveals a deliberate strategy to develop its technological and geographical footprint.

FinTech 67
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Temenos study shows growing popularity of embedded finance services

The Paypers

A research conducted by Temenos has shown that, in the last 12 months, three in five Brits have used embedded finance services as part of the checkout process when shopping online.

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The Threat of Open Banking with Amit Mallick

Axway

The following article is an adapted transcript based on the audio recording of Season 3, Episode 2 of the Mr. Open Banking podcast. The audio version is available here.

Finance 59
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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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Optimization and Automation Point the Way for Insurance Claims

FICO

Home. Blog. FICO. Optimization and Automation Point the Way for Insurance Claims. In uncertain times, optimization and automation offer insurance claims departments what's needed most - speed, scale and control. FICO. Tue, 07/02/2019 - 02:45. by Darran Simons. expand_less Back To Top. Fri, 07/15/2022 - 10:05. Optimization and automation are fundamentally changing the way insurers use data and AI to operate and better serve customers.

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Consumers demand contactless payments for transit: Visa

Payments Dive

Public transport is expected to become a driver of contactless payment usage, especially as environmentally conscious commuters get on board, suggested a survey by card network company Visa.

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What Constitutes a Low-Risk Merchant Account?

National Merchants Association

Companies that qualify for low-risk merchant accounts often pay lower service fees and benefit from other perks that help them succeed. Can your business take advantage of low-risk merchant account processing? Learn more about what constitutes a low-risk merchant account, so you can focus on the best processing options that match your business’s features.

Risk 52
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Finding the Patterns in Big Data

The Finance Weekly

It's natural to compare your business and yourself to industry competitors and colleagues in your department. One of the most powerful ways to defend against competitors and shine amongst your peers is to discover that one gem of data that drives action. In technical terms, it’s the art and science of mining your data to find key patterns. When business leaders hear about data analysis being used by other organizations in their field, they want to know how they can benefit as well.

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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.

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GoCardless to provide its Instant Bank Pay feature to Xero's UK customers

The Paypers

GoCardless , a provider of direct bank payments, has partnered with Xero , a small business platform, to provide its Instant Bank Pay feature to Xero’s customers in the UK.

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What place is there for energy players in an open platform world?

Axway

The French economist Charles Gave is very clear : “Most economic activity is nothing but energy transformed.

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Financial Inclusion Using Analytics

FICO

Home. Blog. FICO. Financial Inclusion Using Analytics. How FICO Scoring can help companies make decisions that benefit society. Saxon Shirley. Mon, 02/21/2022 - 07:59. by Sally Taylor. Vice President, Scores. expand_less Back To Top. Fri, 07/15/2022 - 08:15. Replacing human bias with data-driven science. FICO’s impact on social good was one of the main reasons why I came to work for FICO.

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Mastercard reports consumer spending increase despite inflation

Payments Dive

In-store spending in June rose 11.7% over last year while e-commerce sales grew at a slower 1.1% pace, excluding auto and gas expenditures, according to Mastercard.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.