Surcharging doesn’t have to be a bad word
Payments Dive
AUGUST 23, 2024
“The time has come to rethink surcharging not as a necessary evil but as a strategic advantage that can benefit both businesses and customers,” writes a Billtrust executive.
Sat.Aug 17, 2024 - Fri.Aug 23, 2024
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Now is the Time for Organizations to Adopt the Future-Dated Requirements of PCI DSS v4.x
PCI Security Standards
AUGUST 20, 2024
Merchants around the world use the Payment Card Industry Data Security Standard (PCI DSS) to safeguard payment card data before, during, and after a purchase is made. The standard is intended for all entities involved in payment card processing, including merchants, processors, acquirers, issuers, and service providers. As of 31 March 2024, the PCI Security Standards Council (PCI SSC) officially retired PCI DSS v3.2.1.
FPC 2024 Fall Member Meeting
Faster Payments Council
AUGUST 23, 2024
The Fall Member Meeting is set to gather FPC members for two days of insightful presentations, dynamic panel discussions with industry experts, timely roundtables, and valuable networking opportunities. Dive into the latest trends and challenges in faster payments, and connect with peers and leaders in the field. This event will take place on September 30-October 1 at the Hyatt Regency Denver at Colorado Convention Center in Denver, CO.
Workbench: A new way to debug, monitor, and grow your Stripe integration
Stripe
AUGUST 18, 2024
We’ve been testing a suite of new developer tools over the last year with thousands of users, including Slack and Notion. Today, we’re announcing that the first is available to all new users by default: Stripe Workbench, our new home for developers within the Dashboard that helps you debug, monitor, and grow your Stripe integration.
How To Drive Retail Results With Integrated Tech And UX Design
Speaker: Jennifer Wright and Nick Barron
Navigating the complexities of e-commerce requires more than just the right technology - It demands a holistic strategy that aligns platform capabilities with customer- centric design and marketing. This webinar will provide a roadmap for building a robust e-commerce strategy, guiding you through key decisions from platform selection to creating user experiences that convert, and leverage digital marketing to reach and retail customers.
Amex, Flutterwave partner in Nigeria
Payments Dive
AUGUST 22, 2024
The collaboration marks the latest move by American Express to expand its footprint in Africa, which is the world's second-largest continent by population.
Sneak Peek: 2024 North America Community Meeting Speakers
PCI Security Standards
AUGUST 21, 2024
The excitement is building as we get closer to this year’s North America Community Meeting ! To add to the anticipation, we’re giving you a sneak peek of some of the amazing sessions that will be featured in Boston, 10-12 September.
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Swiss banks turn on instant payments system
Finextra
AUGUST 21, 2024
Consumers in Switzerland can now send and receive payments in seconds following the market launch of instant payments across the banking industry.
U.S. Bank buys healthcare payments firm
Payments Dive
AUGUST 22, 2024
The bank’s acquisition of Tempe, Arizona-based Salucro Healthcare allows its Elavon unit to dig deeper into healthcare payments and billing services.
Innovating finance: The convergence of telecoms and banking
Payments Next
AUGUST 22, 2024
By Michael Wallis-Brown, Head of Mobile Financial Services, Ericsson In a world where connectivity is king, the convergence of banking and telecom The post Innovating finance: The convergence of telecoms and banking first appeared on Payments NEXT.
Webinar: Preparing for the Accredited Faster Payments Professional (AFPP) Exam
Faster Payments Council
AUGUST 23, 2024
Join us for an upcoming Nacha/FPC webinar on Tuesday, October 8 from 12:00pm-1:00pmCDT. Nacha and the U.S. Faster Payments Council have worked together to introduce the Accredited Faster Payments Professional Program (AFPP). The first exam will be held in February 2025. In this webinar, members of the AFPP Oversight Panel will provide insight into specific topics addressed in the exam and how you can begin to prepare now.
How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for
Mongolia’s Fintech Future: Building a Digital Economy in a Land of Contrasts
The Fintech Times
AUGUST 23, 2024
Mongolia, a country of striking contrasts, presents a unique fintech landscape. Despite being one of the world’s largest nations by land area, it is also one of the least densely populated, with vast distances separating its people and economic hubs. This distinctive geography shapes the challenges and opportunities within Mongolia’s evolving fintech sector.
Mastercard to cut 1,000 employees in restructuring
Payments Dive
AUGUST 19, 2024
The card network is shrinking its workforce as it restructures the company to focus more resources on some international markets.
Gen AI reduces agent response time by 70% at Discover
Bank Automation
AUGUST 19, 2024
Discover Financial Services is tapping generative AI to speed up call center agent response and strengthen client experience. Using Google Cloud’s AI platform, Vertex AI, Discover has reduced response times for call center agents by 70%, Szabolcs Paldy, senior vice president of enterprise operations at Discover, told Bank Automation News.
Cambodia Launches Bakong Tourists App for Seamless Visitor Payments
Fintech News
AUGUST 19, 2024
The National Bank of Cambodia has introduced the Bakong Tourists app, designed to simplify payments for international visitors. Launched on 19 August 2024 in Siem Reap, the app allows tourists to make payments at over 3.3 million retail merchants across Cambodia using their mobile devices. By downloading the app and registering with an email, tourists can top up their accounts and use the KHQR code to pay for goods and services, reducing the need for cash and ensuring a seamless experience durin
Provide Real Value in Your Applications with Data and Analytics
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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.
Sarah Buchner started as a carpenter when she was 12 — now her AI construction startup has raised $20 million
TechCrunch Fintech
AUGUST 20, 2024
Construction companies deal with a lot of documents — so many that it can be difficult to process and manage them all. According to one recent survey, a third of construction professionals found accessing documents to be a challenge in completing a project, while a fourth said that inaccurate project paperwork has contributed to a […] © 2024 TechCrunch.
Visa-Mastercard settlement claims deadline postponed
Payments Dive
AUGUST 19, 2024
Merchants seeking a piece of the $5.5 billion settlement now have until February 2025 to file claims, a federal judge overseeing the class action said.
Podcast: JPM connects to French payments network Cartes Bancaires
Bank Automation
AUGUST 20, 2024
J.P. Morgan is joining French payments network Cartes Bancaires, Mike Lozanoff, managing director and global head of merchant services at J.P. Morgan, tells Bank Automation News on this episode of “The Buzz” podcast. The bank is tapping cloud-based Renovite to build the connection to the network, Lozanoff says.
PXP launches partner portal to elevate partner experience
The Payments Association
AUGUST 23, 2024
PXP Financial, a leader in global payment services, is pleased to announce the launch of its Partner Portal. This advanced platform is engineered to transform the merchant application journey, elevating the partnership experience with PXP. Designed to enhance efficiency and accuracy, the Partner Portal empowers partners to focus on growth and success.
Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio
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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.
Top 10 Fintech Events to Attend in APAC in H2 2024
Fintech News
AUGUST 23, 2024
In H1 2024, fintech startups in Asia raised a total of US$2.4 billion, data from a new CB Insights report show. The sum represents a year-over-year (YoY) decline of 17.2%, continuing a downward trend that began in 2022 due to market uncertainty, economic volatility, and profitability concerns. Despite current funding challenges, fintech experts and industry observers are still optimistic about the region’s long-term growth prospects, driven by factors such as a young population, a large consumer
The forgotten threat: In an automated world, check fraud still thrives
Payments Dive
AUGUST 19, 2024
Electronic payments have become the norm for most B2B transactions. Oddly enough, that has been accompanied by a rise in check fraud. Here's what businesses need to know.
AI for cybersecurity: Fighting fire with fire
Bank Automation
AUGUST 21, 2024
Financial institutions are looking to AI and generative AI to mitigate the rising risk of cyberattacks as fraudsters take advantage of the technology.
Adyen taps rival PayPal to offer Fastlane in the US
Finextra
AUGUST 20, 2024
Adyen has struck a deal to offer rival PayPal's Fastlane guest checkout product to its enterprise and marketplace customers in the US.
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.
Binance to Add 1,000 Roles, Prioritising Compliance Amid Regulatory Challenges
Fintech News
AUGUST 21, 2024
Binance Holdings is set to expand its workforce by 1,000 employees in 2024, with a key emphasis on bolstering compliance teams, according to Bloomberg. The company plans to increase its compliance staff from 500 to 700 as part of this growth. This hiring push comes amid Binance ‘s rising regulatory expenditures, which have now surpassed US$261 million, including oversight due to a U.S. plea agreement.
EWA providers crusade against CFPB rule proposal
Payments Dive
AUGUST 21, 2024
Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.
FICO: Falling Consumer Confidence Encourages Consumers to be More Mindful of Credit Card Debt
The Fintech Times
AUGUST 22, 2024
Consumers are becoming increasingly careful with their spending and are losing confidence, according to the latest data from analytics firm, FICO , which has published its ‘UK Credit Card Market Report’ for June 2024. The FICO report outlines the continuation of a usual trend for June: a seasonal uplift in consumer spending during the summer months.
Crooks use progressive web apps for new phishing scam
Finextra
AUGUST 21, 2024
Security researchers have identified a new phishing technique using progressive web applications (PWAs) to target customers of banks in Eastern Europe.
Secure SaaS Success: Embedded Finance as a Competitive Advantage
Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms
Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.
Most Active Fintech Investors in Southeast Asia in the Past 2 Years
Fintech News
AUGUST 19, 2024
Fintech startups in Southeast Asia secured a total of US$899 million in funding in H1 2024, a 25% year-on-year (YoY) decrease from US$1.2 billion in H1 2023, a new report by data intelligence platform Tracxn says. The SEA Fintech – Semi Annual Report – 2024, released on July 05, 2024, underscores a continuing downward trend in fintech funding due to ongoing macroeconomic conditions and geopolitical issues, making H1 2024 the least funded half-year in the past three years.
Adyen collects more US customers
Payments Dive
AUGUST 19, 2024
The Dutch payments service provider is gaining traction in the U.S. market as it adds to its client roster, including big U.S. retail names such as Crate & Barrel.
Apple Builds on NFC Accessibility With Secure Element Launch for Developers
The Fintech Times
AUGUST 19, 2024
In mid-July, Apple announced that it would be releasing its NFC chip to its rivals following pressure from the EU and its case against Apple, accusing the tech giant of monopolising the payments and technologies markets. In keeping with the agreed outcome, Apple is now enabling developers to offer in-app NFC transactions using Apple’s Secure Element.
National Bank of Egypt to roll out Mastercard Touch Card for visually impaired customers
Finextra
AUGUST 20, 2024
The National Bank of Egypt (NBE), in collaboration with Mastercard, has unveiled the Touch Card, a groundbreaking payment solution designed to empower customers with visual impairments.
Deliver Mission Critical Insights in Real Time with Data & Analytics
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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.
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