Sat.Apr 23, 2022 - Fri.Apr 29, 2022

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Card companies called on congressional carpet

Payments Dive

Visa and Mastercard will be in the hot seat next week at a hearing of the Senate Judiciary Committee led by their long-time nemesis, Sen. Dick Durbin. A notice for the hearing teases that the discussion will zero in on "excessive swipe fees" and a lack of competition in the industry.

Visa 158
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Ramifications of the Ukraine Crisis for the Finance Function & How to Deal with It

The Finance Weekly

The situation in Ukraine has dominated new headlines for weeks on end now, and for good reason. The country is in a dire humanitarian crisis and has affected the world from waves of refugees to rising US gas prices. But is the relevance of such a crisis relevant to finance professionals, or is this just an unfortunate occurrence that such workers will keep hearing about for the foreseeable future?

Finance 107
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BNPL in Credit Reports: How Could This Data Impact FICO Scores?

FICO

Buy Now, Pay Later (BNPL) plans allow shoppers to make purchases and pay for them in installments over a defined period. According to the research from Cornerstone Advisors , these point-of-sale short-term installment loans with low credit amounts have been increasing in popularity during recent years for retail purchases like clothing, household goods, electronics, and more.

BNPL 98
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2022 Prime Time for Real-Time Global Payments Report

Faster Payments Council

The benefits of real-time payments in the United States go beyond speed. Economic impact analysis from ACI's 2022 Prime Time for Real-Time global payments report shows real-time payments offer a 32.6% lower average payment cost per transaction for American consumers and firms.

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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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Fidelity debuts 401(k) bitcoin option

Payments Dive

Fidelity Investments said it is seeing growing interest in digital assets from plan sponsors. The offering will be widely available to employers mid-year.

Bitcoin 170
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European revenue-based financing provider for digital companies raises $126M in debt. Outfund competitors include Pipe, Wayflyer, Lighter Capital, Vitt, ViceVersa, and Uncapped.

CB Insights

Outfund , a revenue-based financing provider, has raised $144.6M in a mix of equity and debt. The $18.9M Series A round drew participation from Force Over Mass Capital, PostFinance, 1818 Venture Capital, and Tribe Capital. The $125.7M in debt financing was provided by undisclosed investors. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class=

Finance 67

More Trending

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Benefits of CRM for Accounting: Productivity Enhancement Guarantee

Agile Payments

CRM 117
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CFPB aims to level playing field between banks, fintech

Payments Dive

Banks have long complained that fintechs are able to offer many of the same financial services without abiding by the same laws. In an effort to level the playing field, the Consumer Financial Protection Bureau said Monday it would invoke a largely unused legal provision.

CFPB 148
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Oyster, a global HR software provider, hits a $1B valuation. Oyster is part of the hyper-competitive remote HR software market, and its competitors are Remote, Omnipresent, Multiplier, Globalization Partners, Deel, Papaya Global, Panther, Velocity Global, and Skuad.

CB Insights

Oyster , an HR software provider, has raised $150M in a Series C. The round drew participation from Georgian Partners, Okta, LinkedIn, Salesforce Ventures, and Slack Fund, among others. the state of venture report. Download our free report to get the TL;DR on what you need to know about venture funding and trends in Q1 2022. First name. Last name. Email.

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Retail Payments Fraud: How Consumers and Banks Can Fight Back

FICO

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. With any change, fraud comes hand-in-hand. Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments.

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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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Basics of Effective Business Partnering in the Finance Function

The Finance Weekly

As an FP&A professional, one of the key foundation points is to build trust and respect with the business. Trust comes in many forms and is built over time, and isn’t something that can be obtained immediately. Respect is founded upon the provision of quality and timely outputs that the organization can rely on as a trusted partner. Those in business partnering roles have a unique and valuable role in supporting both strategy and execution in their organizations.

Finance 52
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US payments firms notch venture round record

Payments Dive

First-quarter data from research firm CB Insights showed U.S. payments startups saw a 61% spike in funding rounds from the previous quarter, but a 23% drop in total funding.

Payments 109
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Upgrade your MFT operations with a secure cloud

Axway

I get it. You’re probably thinking, “Cloud MFT? We already have an MFT solution and it’s checking all our boxes. Why rock the boat now?”. Large organizations that rely on MFT have mature, dedicated teams.

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UK Cards Report: Repayments Not Impacted by Cost of Living Hike

FICO

The FICO Credit Market Report for February 2022 shows UK card trends following typical post-seasonal spend and repayment patterns. It’s as yet unclear whether pandemic savings are masking the early impact of the cost of living hike. Highlights . Average card spend climbs by over 5 percent compared to January and nearly 30 percent compared to February 2021.

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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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How You Can Set a Highly Ethical Example in Financial Leadership

The Finance Weekly

Large public companies or small private organizations are all under immense pressure to produce results. Wall Street anticipates growth, the C-suite expects annual plans to be accomplished, and owners expect a return on their investment, especially those who have potentially risked their life savings. Following 2 years of pandemic-driven economic turmoil, many organizations, especially small- and medium-sized enterprises (SMEs), are relatively low on optimism and cash.

Payroll 52
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Visa earnings rise on cross-border revival despite Russia impact

Payments Dive

Extraordinary international events have both buffeted and benefited the card giant's business this year. Visa said a recovery of travel and cross-border transactions boosted its earnings through March, despite a negative impact from shutting down operations in Russia after that country invaded Ukraine.

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Upgrade your MFT operations with a secure cloud

Axway

I get it. You’re probably thinking, “Cloud MFT? We already have an MFT solution and it’s checking all our boxes. Why rock the boat now?”. Large organizations that rely on MFT have mature, dedicated teams.

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Poor Affordability Analytics Create a Disconnect for Telcos

FICO

UK Telco regulator Ofcom continues to push operators to ensure they are treating customers fairly with affordable access to phone, broadband, digital and pay TV services. Indeed, today comms providers’ corporate strategies boast deep, trusted customer relationships and are include ever more services to upsell, cross-sell and boost the average revenue per user/unit, while reducing churn.

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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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Spring Cleaning Edition: 5 Tips for FP&A Teams to Keep Data Clean and Organized

The Finance Weekly

As the weather warms up and summer BBQs and swimming pools get closer to reality, people are transitioning into spending more time outside. A big part of this transition is spring cleaning- getting rid of the old junk lying around the house in order to make room for summer activities. Spring is a great time for finance teams as well to take a step back and see what is working and what is not- which programs or solutions can be replaced, what can be improved, or what can be “cleaned up”.

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US plays catch-up on real-time payments

Payments Dive

Other countries, including China and India, are reaping much bigger rewards than the U.S. from their business and consumer adoption of real-time payment systems, according to a new study.

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How does cloud MFT work?

Axway

By 2025, it’s estimated that 85% of enterprises will have adopted a cloud-first principle to free up IT resources and enable operational and cost efficiencies.

Product 52
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“Under the Hot Rod Hood”: Dr. Scott Zoldi’s AI Series on LinkedIn Live

FICO

Dr. Scott Zoldi, FICO’s chief analytics officer, scored a pandemic hit with his LinkedIn streamcast series, “ Expect the Unexpected: AI and Bias, the Boardroom, Blockchain and Business.” Season 2 “ Under the Hot Rod Hood: The Data Science of AI ” kicked off on April 20 and you can replay Episode 1 here. In this blog we recap Scott’s Season 1 conversations with Jordan Levine , Partner at Dynamic Ideas LLC and MIT lecturer, and Cortnie Abercrombie , CEO and Founder of AI Truth.

AI 52
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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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Berlin-based mobile tax filing app Taxfix reaches $1B valuation. Taxfix competitors are Taxdown, Taxfyle, and wundertax.

CB Insights

Taxfix , a mobile tax filing app, has raised $220M in a Series D. The round drew participation from Ontario Teachers’ Pension Plan, Valar Ventures, and Creandum, among others. <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"><div class="cta-deskt

FinTech 56
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For Discover, inflation brings sales growth, salary pressure

Payments Dive

Riverwoods, Illinois-based Discover Financial Services on Thursday reported first-quarter card sales volume was 23% higher than the same period last year, but CFO John Greene said "it’s hard to envision year-over-year sales growth to continue in the upper 20s.

Volume 88
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How does cloud MFT work?

Axway

By 2025, it’s estimated that 85% of enterprises will have adopted a cloud-first principle to free up IT resources and enable operational and cost efficiencies.

Product 52
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Fidor announces biometric payment card launch

The Paypers

Germany-based online bank Fidor Bank has announced plans to issue biometric payment cards in collaboration with GNC TCS.

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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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State of Payments Q1’22 Report

CB Insights

Following 2021’s record year, global payments deal activity in Q1’22 reached the highest quarter on record at 261 deals. Meanwhile funding remained elevated YoY but fell 17% QoQ. <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"><div class="

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Clover revenue growth boosts Fiserv earnings

Payments Dive

During a Wednesday presentation on first quarter earnings, Brookfield, Wisconsin-based payments company Fiserv said global revenue for its Clover operating system for small and medium-sized businesses grew 39%.

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How does cloud MFT work?

Axway

By 2025, it’s estimated that 85% of enterprises will have adopted a cloud-first principle to free up IT resources and enable operational and cost efficiencies.

Product 52
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Fintech Zai launches money transfers to and from the US

The Paypers

Australia-based fintech Zai has rolled out its CurrencyFair personal money transfer service in all 50 American states.

FinTech 64
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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.