Sat.Feb 10, 2024 - Fri.Feb 16, 2024

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Card networks to implement gun code in California: report

Payments Dive

Visa, Mastercard and American Express are moving forward with use of a new gun merchant category code for credit card purchases in California, according to CBS News.

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FStech Awards

Open Banking Excellence

14th March 2024 Live Event Linkedin Twitter FStech Awards Now in its 24th year, the FStech Awards recognise and celebrate companies which have demonstrated excellence and innovation within the UK and EMEA financial services sector I want to Attend! Helen Child, Founder & CEO, Open Banking Excellence The post FStech Awards appeared first on Open Banking Excellence.

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Ledger: Stripe’s system for tracking and validating money movement

Stripe

In this blog post, we’ll share technical details on how we built this state-of-the-art money movement tracking system, and describe how teams at Stripe interact with the data quality metrics that underlie our payment processing network.

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European Banks are Challenging Competitors With Cloud and AI Adoption

The Fintech Times

New research from Economist Impact supported by Temenos has revealed that almost half of European banks are investing in fintech start-ups while 36 per cent are building their own greenfield digital bank or fintech company. The study looks specifically at the attitudes of banks in Europe as it identifies that the majority believe neobanks will be their biggest challengers in the near future.

AI 139
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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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Yellen asks Congress for stablecoin legislation

Payments Dive

Treasury Secretary Janet Yellen renewed a call for Congress to act on digital assets, saying “there is no appropriate regulatory framework.

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UK Fintech Awards

Open Banking Excellence

25th April 2024 Live Event Linkedin Twitter UK Fintech Awards Welcome to the UK FinTech Awards The UK is home to the world’s premier financial services centre and a burgeoning financial technology market. These awards were developed to celebrate this incredible community, and the achievements and successes of the UK’s best and brightest. Comedian Rob Beckett will host the UK FinTech Awards 2024 on 25 April at the Leonardo Royal Hotel London Tower Bridge.

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More Trending

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How better regulation can power up UK fintechs

The Payments Association

How regulatory reforms and increased capital can drive UK fintech expansion Read more

FinTech 167
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Toast to cut 550 employees

Payments Dive

The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.

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YC-backed Cambio puts AI bots on the phone to negotiate debt, talk to a bank’s customers

TechCrunch Fintech

A Y Combinator-backed startup called Cambio is bringing AI to the banking world in a surprising way: It’s putting AI bots on the phone with companies and consumers. The startup began by offering an AI-powered service that negotiated debt collections on behalf of consumers, which helped around 70% of customers resolve their collections and raise […] © 2024 TechCrunch.

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Moneyhub boards public sector open banking push

Finextra

Moneyhub has been named as a supplier on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework for its account-to-account payment services.

Accounts 130
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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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What Bank of America is doing for customers after data breach

Bank Automation

Bank of America is working to control the fallout following an October data breach at third-party vendor Infosys McCamish Solutions. The bank is offering the more than 57,000 affected clients a free, two-year membership to IdentityWorks, an identity protection product from Experian, according to an Infosys McCamish Solutions filing with the state of Maine.

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Mastercard and The Clearing House deepen their partnership to zero in on new instant payments applications 

Tearsheet

Mastercard recently expanded collaboration with The Clearing House (TCH), with the shared goal of propelling the adoption of instant payments. This extended partnership will focus on integrating additional instant payment use cases across a range of payment flows for consumers, businesses, and governments. “Beyond extending our partnership with Mastercard, we intend to partner on innovating for the banks that use the network by looking for additional use cases that they’ve expressed interest in

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More than half of P2P fraud victims lose money: AARP

Payments Dive

“When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.

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Ripple to acquire Standard Custody

Finextra

Ripple has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets.

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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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Maybe we’ll finally see a fintech IPO in 2024

TechCrunch Fintech

Welcome to TechCrunch Fintech (formerly The Interchange)! We’re back after a brief hiatus, and I can tell you that judging by the volume of pitches I received last week, venture investing in the fintech space is definitely picking up. This week, we’re looking at Plaid’s latest step toward an IPO, one BNPL company’s financial results, […] © 2024 TechCrunch.

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How financial institutions can navigate the future of digital asset custody

The Payments Association

Traditional finance is at a crossroads with the new digital frontier, and the rapidly evolving landscape of digital assets demands innovative custodial solutions. For banks, payment service providers, financial institutions and others that are either considering or already piloting digital asset projects, it’s imperative to understand the importance of an underlying custody infrastructure.

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Senator calls card CEOs on congressional carpet

Payments Dive

Sen. Dick Durbin, sponsor of a card network competition bill, urged the CEOs of Visa and Mastercard to appear at an April congressional hearing and not send their underlings.

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India tests offline and programmable CBDC

Finextra

India is moving ahead with the next stage of its digital rupee pilot, adding programmability and offline payment capability.

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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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Score is a new dating app for people with good to excellent credit

TechCrunch Fintech

You must have at least a 675 credit score to use it. © 2024 TechCrunch. All rights reserved. For personal use only.

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The 3-ring balancing act: Regulatory compliance, customer trust and efficient operations

The Payments Association

Banks and finserv companies have a significant task in 2024 when it comes to building and retaining consumer trust. As it turns out, there’s a disconnect between what banks think threatens trust and what customers say threatens trust.

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Bitcoin Depot expands footprint by 400 ATMs

Payments Dive

The bitcoin ATM operator is adding to its fleet as it sees “a lot of demand,” according to COO Scott Buchanan.

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Klarna rolls out autofill consumer verification data service

Finextra

Klarna has rolled out a new service for customer data sharing with merchants, enabling a smoother checkout process and personalised offers for users.

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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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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

The world is increasingly moving towards becoming cashless and there are numbers to prove it. According to the Pew Research Institute , in 2022, a whopping 41% of Americans said they don’t use cash at all for any of their weekly purchases—a significant jump from 29% in 2018. FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless.

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Tillo is the First Gift Card Platform To Be Awarded the Prestigious Customer Service Excellence Certification

The Payments Association

In a landmark achievement, Tillo, the award-winning rewards and incentives platform and gift card API, is proud to announce its certification in Customer Service Excellence, a testament to its unwavering commitment to creating a customer-first culture.

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BNPL popularity rises among ‘financially fragile’ consumers

Payments Dive

About 60% of that group has used BNPL five or more times in the past year, compared to just over 20% of financially stable consumers, the New York Fed said.

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US fraud losses top $10bn in 2023

Finextra

Americans lost more than $10 billion to fraud in 2023, with investment scams accounting for nearly half of the losses, Federal Trade Commission data shows.

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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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Total Processing Volume (TPV): Why It Matters

Basis Theory

Total processing volume (also known as total payment volume , or TPV) is the sum of all payments passed through a specific payment processor over a given period of time for a business. For instance, a company that processed $20M through Stripe and $40M through Adyen during the year 2023 would be said to have a $20M TPV with Stripe and a $40M TPV with Adyen.

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How Starling provides you with access to real-time payments

The Payments Association

Blog piece on Starling Bank's website: As a summary - Blog piece about Starling Banking Services by our own Head of Partnerships, Will Boocock - It contains information about how our API's for Payments work and deliver for customers [link] Read more

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PayPal’s Rabinovitch takes Worldpay CFO seat

Payments Dive

Worldpay will lean on PayPal alum Gabrielle Rabinovitch’s finance chops to help it navigate life as an independent company after a recent rocky history for the business.

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Visa boosts B2B digital wallet capabilities

Finextra

Visa is teaming up with Conferma Pay to let financial institutions add virtual corporate cards into employees’ digital wallets.

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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.