Block to shrink workforce
Payments Dive
NOVEMBER 3, 2023
The company plans to cut about 8% of its workforce over the next year as Jack Dorsey steps up his efforts to improve efficiency and revive profits.
Sat.Oct 28, 2023 - Fri.Nov 03, 2023
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Get a Sneak Peek at a Community Meeting Presentation on Compliance is a Program, Not a Project
PCI Security Standards
OCTOBER 31, 2023
Do not pass up the chance to collaborate and gain knowledge on the latest developments in payment security at the upcoming 2023 PCI SSC Asia-Pacific Community Meeting. This event features presentations from some of the sharpest minds in payment security. Below Brian Odian , Director - APAC Managed Compliance Services, VikingCloud provides a preview of his presentation on Compliance is a Program, Not a Project.
TPA welcomes AI summit declaration and waits to see industry impact
The Payments Association
NOVEMBER 3, 2023
The Payments Association is pleased with the declaration released from the recent summit on artificial intelligence (AI) at Bletchley Park, which saw global leaders, tech executives, and academics address the challenges and advancements of the technology.
4 Challenges in Real-Time Payments and how to address them
Payments Next
OCTOBER 31, 2023
By Michael Meeks, SVP of Software Development at BHMI Growing demand from consumers and businesses and the rollout of FedNow are expected The post 4 Challenges in Real-Time Payments and how to address them first appeared on Payments NEXT.
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
PayPal discloses SEC, CFPB probes
Payments Dive
NOVEMBER 3, 2023
The digital payments company said it’s cooperating with a Securities and Exchange Commission probe of its stablecoin, and a Consumer Financial Protection Bureau inquiry related to bank transfers.
Swedish fintech Klarna dodges a strike after reaching agreement with workers
TechCrunch Fintech
NOVEMBER 3, 2023
Fintech giant Klarna has reached an agreement with workers that were set to strike next week, the company told TechCrunch today. Klarna employees were planning to strike next week in the fintech’s home country of Sweden, as reported by tech.eu. The dispute was reportedly over the lack of a Collective Bargaining Agreement (CBA) — a […] © 2023 TechCrunch.
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Singapore, Japan, Switzerland, and the UK to work on joint crypto initiatives
The Paypers
OCTOBER 30, 2023
The Monetary Authority of Singapore (MAS) has planned to start collaborating on digital asset pilots with some European countries and Japan.
Consumers expect to use fewer digital wallets: report
Payments Dive
OCTOBER 30, 2023
As more merchants accept digital payments for in-store purchases, consumers are moving away from using multiple, single-use payment apps, McKinsey Senior Partner Marie-Claude Nadeau said.
5 Ways a Cloud-Based Lending Software Can Transform Small Business
Finezza
NOVEMBER 3, 2023
The Micro, Small and Medium Enterprise (MSME) market has been disadvantaged in the traditional banking ecosystem. Due to various factors, banks have prioritised credit to corporations and big businesses over small businesses. According to statistics, India has a total of 633.9 lakh MSMEs in India, comprising 630.5 lakh micro-enterprises and 3.3 lakh small businesses.
CBPR+ and ISO 20022 Webinar Update On-Demand
The Payments Association
NOVEMBER 2, 2023
Join this Webinar to hear from Bottomline and other key industry experts from Swift and HSBC as they discuss: • What is the current status of CBPR+ and ISO 20022 migrations? • What do the different stages look like now? • What are the benefits of ISO 20022 native over the other options? • What are some of the use cases for fully leveraging the benefits of ISO 20022?
15 Modern Use Cases for Enterprise Business Intelligence
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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?
Deutsche Bank closes Postbank branches
The Paypers
OCTOBER 31, 2023
Germany-based financial institution Deutsche Bank has announced the closing of multiple Postbank branches, in order to improve digital services after its mismanaged IT migration.
Payments players react to debit cap cut
Payments Dive
OCTOBER 31, 2023
The CEOs of Mastercard and Global Payments chimed in with opposing views of the Federal Reserve Board’s proposal to lower the cap on debit interchange.
How to Accept Bitcoin on Your Ecommerce Store
BitPay
NOVEMBER 3, 2023
As cryptocurrency continues to grow as a safe and convenient method for making everyday purchases, online merchants of all sizes and types have begun offering customers the option to pay for goods or services with crypto. Starting to accept Bitcoin payments for your online business is probably much easier than you think. BitPay provides easy integrations and convenient offramp options for ecommerce businesses.
Rise in deepfake fraud reported by 70% of crypto companies
The Payments Association
NOVEMBER 1, 2023
Sumsub, a full-cycle verification platform, releases its 'State of Verification and Monitoring in the Crypto Industry 2023' report. Polina Uzhva, partner marketing manager, Sumsub, provides a summary, focusing on the regulations and verification practices for crypto companies, with highlights from verification performance and identity fraud statistics.
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
Kenya to roll out a digital identification system
The Paypers
NOVEMBER 1, 2023
The government of Kenya has revealed its plans to introduce a digital identification system in December 2023 following a testing period.
Treasury Prime creates instant payment rail
Payments Dive
NOVEMBER 2, 2023
The new payment rail allows fintech clients to move money between banks in milliseconds, the software company’s CEO said in an interview.
How to start a payment processing company?
Ikajo
NOVEMBER 2, 2023
Are you considering joining the payments market, but not sure what’s the best way to do it? We hope this article would serve as a great starting point for you, sorting things out about the payment processing industry and business models available. Important definitions to know before starting a payment processing business Before diving into how to become a payment processor, let’s define some basic terms.
Government releases key responses to financial regulation consultations
The Payments Association
OCTOBER 31, 2023
The UK government has taken a significant step towards clarifying its stance on the regulation of cryptoassets, digital settlement asset firms, and fiat-backed stablecoins by publishing key documents outlining their responses to recent consultations.
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.
FinMont joins Camino Network to incorporate Web3 payments
The Paypers
OCTOBER 31, 2023
Global payment orchestration platform FinMont has announced it will incorporate the Web3 infrastructure Camino Network by Chain4Travel.
PayPal’s new CEO promises improvements
Payments Dive
NOVEMBER 2, 2023
Alex Chriss, who took the top post in September, tapped a new chief financial officer Wednesday and pledged to better focus the digital payment company's strategy.
Revolut appoints new UK CEO as British banking license is still pending
TechCrunch Fintech
NOVEMBER 2, 2023
Revolut, the fintech giant based in the U.K., has appointed a new CEO for its U.K. division. Francesca Carlesi will be in charge of Revolut’s division in its home country — Nik Storonsky remains the CEO of Revolut Ltd. It’s worth noting that today’s news comes as Revolut still doesn’t have a banking license in […] © 2023 TechCrunch. All rights reserved.
HyperJar partners with Tillo in industry-first move offering instant Cashback Gift Cards
The Payments Association
NOVEMBER 3, 2023
Alex Preece, CEO and founder of Tillo, and Nicola Longfield, CCO of HyperJar, discuss the launch of Cashback Gift Cards and how they help to make consumers’ money go further.
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.
FinCEN Seeks Enhanced Oversight of Crypto Mixing
Global Fintech & Digital Assets
NOVEMBER 2, 2023
A proposed rule would increase Treasury’s insight into non-US crypto mixing transactions to combat illicit activities by malicious actors. By Parag Patel , Eric S. Volkman , Douglas K. Yatter , and Deric Behar On October 19, 2023, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rule Making (NPRM) that would designate as a “primary money laundering concern” all non-US convertible virtual currency [1] mixing (CVC mixing).
PayPal tapping Google AI tool
Payments Dive
NOVEMBER 1, 2023
Google CEO Sundar Pichai did not provide details on how PayPal used the tool, saying only that it helped “boost developer productivity.
4 Reasons to be Thankful for an Order Management System
DeckCommerce
NOVEMBER 2, 2023
It’s that time of year! In a world where every year brings its own trials and unexpected flare, it’s helpful to reflect on the things that helped get us through it. From supply chain disruptions and excess inventory to inflation and a looming recession, the last few years have thrown retailers many curve balls.
The unique risk-based EU Artificial Intelligence Act
The Payments Association
NOVEMBER 3, 2023
Tony Petrov, chief legal officer at Sumsub, summarises the rules incorporated in the EU Artificial Intelligence Act (EU AI Act) and how they might impact on the industry.
Enhance Customer Value: Unleash Your Data’s Potential
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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.
Blythe Masters, Founding Partner at Motive Partners?—?On the evolution of financial services
Wharton Fintech
NOVEMBER 2, 2023
Blythe Masters, Founding Partner at Motive Partners — On the evolution of financial services In today’s episode, I host Blythe Masters, Founding Partner at Motive Partners. Having had the pleasure of working with Blythe at Motive Partners this summer, I can guarantee this is will be a fascinating conversation. In this episode, we discuss Blythe’s career that spans three decades within financial services.
Global Payments delays new POS launch
Payments Dive
NOVEMBER 1, 2023
The payments processor’s new point-of-sale software for retail and restaurant customers will launch in early 2024, not this year.
Sponsor's message: [New Paper] How can the future state of information technology combat fraud and money laundering?
Finextra
NOVEMBER 1, 2023
Modernisation programmes, digital service proliferation, client demand and advancing technology are all shaping the evolution and the future of financial services. Real time is the order of the day, and while real time payments come more and more to the fore globally, payment providers need to get up to speed in being able to offer them to their clients and end users, but also to ensure they are.
APP fraud claims: PSR report calls for collaboration and transparency
The Payments Association
NOVEMBER 1, 2023
The Payment Systems Regulator (PSR) has published its report detailing the latest data on the pressing issue of APP fraud scams.
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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