Sat.Jan 20, 2024 - Fri.Jan 26, 2024

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Rivals may chase Fiserv special bank charter lead

Payments Dive

If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.

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Sponsor a Coffee with the Council Podcast

PCI Security Standards

The PCI Security Standards Council is now offering sponsorship opportunities for its award-winning podcast series, Coffee with the Council. Established in 2022, Coffee with the Council produces monthly episodes which seek to engage the payment industry by communicating Council news and updates, interviews, panel discussions, and much more. The podcast is syndicated across more than a dozen popular platforms including Spotify, Apple Podcasts, Google Podcasts, Audible, Pandora, iHeartRadio, and ma

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PayPal unveils AI-based products

Finextra

PayPal has unveiled a host of new AI-driven features for the new year but the plans failed to convince the market, with the payment giant's shares down more than four per cent in afternoon trading.

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PayPal and Venmo Unveil Six New Innovations to Revolutionize Commerce

PayPal

Company introduces reimagined checkout and guest checkout experiences, new advanced offers platform for merchants, and new consumer app to earn cash back and give customers more reasons to shop with PayPal New Venmo enhancements enable local small businesses to be discovered and grow

Venmo 128
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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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Credit card delinquencies rise, especially for low-income earners

Payments Dive

Credit cards balances, auto loans and high rents are straining low-income consumers’ limited budgets, the New York Fed details in a new report.

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Gen Z investing app Alinea raises $3.4M, plans to launch an ‘AI copilot’

TechCrunch Fintech

Alinea Invest, a fintech app offering AI-powered wealth management aimed at Gen Z women, has $3.4 million in seed funding ahead of the launch of a virtual AI assistant that will help users with their investing needs. The fundraising comes on the heels of 225,000 downloads of Alinea’s app, leading to a revenue run-rate of […] © 2023 TechCrunch.

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More Trending

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Here Are The Top 7 Fastest Growing Fintechs in Singapore

Fintech News

In the global financial landscape, Singapore has carved out a niche for itself as a thriving hub of fintech innovation. The annual list curated by The Straits Times and German research house Statista, showcasing the 100 fastest-growing fintechs in Singapore, indicate how fintech firms have progreessed in an uncertain and volatile funding climate. To compile this meticulous list, Statista sifted through over 2,000 companies based in Singapore.

FinTech 112
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PayPal floats service enhancements

Payments Dive

PayPal this year plans to roll out the “biggest changes in a decade” to its pioneering payments tool in a bid to better serve merchants and customers.

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General Catalyst leads $200M investment into Bilt Rewards, doubling its valuation to $3.1B

TechCrunch Fintech

Bilt Rewards, whose platform aims to allow consumers to earn rewards on rent and daily neighborhood spend, has raised $200 million at a $3.1 valuation, the company announced today. General Catalyst led the financing, which more than doubles the New York-based company’s valuation compared to its $150 million October 2022 raise. Eldridge and existing backers […] © 2023 TechCrunch.

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Breaking Down Costs: Understanding Fees in Payment Processing

National Processing

Just how important is understanding payment processing fees for businesses? The easiest way to show you is with a short story about two similar businesses with very different outcomes. That’s coming up, but you need helpful details right from the start, correct? So, we’ll get going with interesting payment processing insights you won’t find […] The post Breaking Down Costs: Understanding Fees in Payment Processing appeared first on National Processing.

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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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2023 in Review

Basis Theory

As 2022 came to a close, we knew we wanted to spend time on 4 key components of our product: Global expansion, developer integration experience, enhancing tokenization, and creating more native payment integrations. These key components drove huge successes across our customer base enabling each of them to speed up their product strategy, offset risks, or expand into a new region quickly.

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CFPB eyes NSF fee ban for transactions declined in real time

Payments Dive

It’s an uncommon penalty, but the federal agency asserts that as technology advances, financial institutions may be able to block more transactions at the time of a swipe, tap or click.

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Klarna introduces $7.99 ‘Klarna Plus’ subscription plan as it approaches an IPO

TechCrunch Fintech

Swedish fintech company Klarna announced today its first subscription plan, “Klarna Plus,” for $7.99 per month, featuring benefits like no added service fees when using Klarna’s One Time Card, double rewards points and access to exclusive discounts with popular brands. The company also has a new welcome offer for subscribers, saving them $8 on their […] © 2023 TechCrunch.

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How digital bank apps enhance customer experience

Payments Next

By Gaurav Mittal, Executive Vice President, Ethoca In the 15 or so years since the introduction of smartphones, most people can’t imagine The post How digital bank apps enhance customer experience first appeared on Payments NEXT.

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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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Klarna Launches New Subscription Service– Is It Worth It?

Finovate

Klarna launched Klarna Plus , a subscription tool that offers users premium benefits and access to exclusive offers. For $7.99, users receive extra rewards points, a waived service fee for purchases made at retailers that are not in the fintech’s network, and exclusive discounts at retailers. Klarna counts 150 million active users who make two million transactions every day using its platform.

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Are banks good at lending?

Fintech Review

The landscape of financial lending has undergone significant changes over the past few decades. At the forefront of this evolution is bank lending, a traditional pillar of financial support for individuals and businesses alike. As an integral part of the economy, bank lending has been scrutinized, with questions raised about its effectiveness and efficiency.

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Brex cuts 20% of staff amid reports of stalled growth, high burn

TechCrunch Fintech

Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today. The once high-flying fintech startup sent a note to employees (that was also published on the company’s website) today, announcing the news. In addition, Brex announced that its COO, Michael Tannenbaum, […] © 2023 TechCrunch.

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Law firms jockey for payments action

Payments Dive

A proliferation of payments and fintech players has sparked a contest for talent among law firms seeking to meet clients’ needs.

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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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THE ABC’S OF K-Y-B AND K-Y-C

Segpay

3 minute read As a payment processor, we spend a lot of time on Know Your Business (KYB) and Know Your Customer (KYC), and if you’ve spent some time on this process, you know how difficult it can be. The reason we go through it is to be sure we are onboarding a good merchant. After all, this important step becomes one of the first lines of defense in the fight against fraud.

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CBDCs, Green Finance Among BIS Innovation Hub Projects Announced for 2024

Fintech News

The Bank for International Settlements (BIS) has recently announced a new series of projects for its 2024 Innovation Hub programme. This initiative includes various projects, each focusing on financial technology and security aspects. Green Finance In 2024, the BIS Innovation Hub, Singapore Centre, is leading Project NGFS Data Directory 2.0, which aims to improve the Network for Greening the Financial System (NGFS) data directory platform.

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It’s fun watching fintech startups grow

TechCrunch Fintech

Covering companies' growth from the seed stage gives reporters a glimpse of what investors must feel like. © 2023 TechCrunch. All rights reserved. For personal use only.

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Customer demand ebbs for Amex

Payments Dive

Cardholders’ spending on airline tickets in particular decelerated during the fourth quarter, American Express CFO Christophe Le Caillec said Friday.

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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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Say Goodbye to Spreadsheets: Learn Why You Need Loan Management Software

Finezza

When spreadsheets were first launched in 2006, this brand-new innovation revolutionised the way businesses processed and stored financial data. In particular, financial institutions benefit because spreadsheets automate several tasks With the acceleration of digital transformation over the last three years, the amount of data being generated has increased exponentially.

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ServiceNow Lands AI Partnerships with Visa and EY

Fintech News

ServiceNow, a provider of digital workflow services, has recently broadened its partnership with both EY and Visa, focusing on AI-driven compliance solutions and the transformation of payment services. These collaborations mark another noteworthy step in the integration of advanced AI technologies in compliance and financial services. ServiceNow Gen AI to help EY risk management The alliance with EY involves ServiceNow offering solutions in generative AI (Gen AI) for compliance, governance, and

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Tink launches risk engine to unlock instant payments

Finextra

Open banking platform Tink has launched a rules-based risk engine to protect merchants from fraud on instant payment rails.

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Manhattan DA seeks tighter payment app security

Payments Dive

“No longer is the smartphone itself the most lucrative target for scammers and robbers – it’s the financial apps contained within,” District Attorney Alvin Bragg Jr. said.

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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.

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Mastercard and Abu Dhabi Global Market partner to empower UAE’s dynamic SME community

Fintech Finance

Mastercard and Abu Dhabi Global Market (ADGM) have announced a collaboration to fuel the growth of the booming small and medium enterprise (SME) sector in Abu Dhabi and the wider UAE by digitalizing SME payment flows. The partnership will empower SMEs to meet their growth potential through Mastercard’s technologies and resources. Under the collaboration, Mastercard and ADGM will offer SME cards to qualified businesses.

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OCBC Enhances Digital Security, Extends OCBC Money Lock to Time Deposits

Fintech News

From January 31, OCBC Singapore is set to expand its OCBC Money Lock ‘kill switch’ service to time deposits. This follows its successful implementation for current and savings accounts in November 2023. The enhancement is a response to growing concerns over digital security threats, such as malware and phishing, which have become prevalent in the online banking space.

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Could CBDCs help prevent fraud?

Finextra

Mandatory reimbursement for victims of authorised push payment (APP) scams came into full effect under the Payments System Regulator (PSR) at the end of last year.

Scams 98
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Synchrony to buy Ally’s POS lending unit

Payments Dive

“This wasn’t a scaled business for Ally, but on our side, this is absolutely a scaled business,” Synchrony CEO Brian Doubles said Tuesday. “This is exactly the type of acquisition that we look for.

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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.