Zelle, big banks challenge senators on scam reimbursements
Payments Dive
JULY 25, 2024
Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing.
Sat.Jul 20, 2024 - Fri.Jul 26, 2024
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Attend the Payment Industry Event of the Year
PCI Security Standards
JULY 24, 2024
Prepare to immerse yourself in a world of innovation and expertise as the PCI SSC Community Meetings unite the foremost thinkers in payment security. Welcoming individuals from all corners of the payments industry, we invite anyone in the payment space to register and seize the chance to explore cutting-edge advancements, exchange insights, and enhance their understanding of global payment security.
BNP has identified 780 AI use cases
Bank Automation
JULY 25, 2024
BNP Paribas is investing in AI, cloud infrastructure and cyber security as part of its modernization efforts. “The second quarter marked the continuation of our ambitious but disciplined development within AI,” Chief Financial Officer Lars Machenil said during the bank’s earnings call on July 24.
Tim Berners-Lee unveils data wallet
Finextra
JULY 23, 2024
Tim Berners-Lee is eying the next phase of the web as his company Inrupt launches a white-label "data wallet" that lets people store, manage and share their data.
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
Visa, Mastercard say CrowdStrike didn’t impact networks
Payments Dive
JULY 22, 2024
Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.
Cash Transactions in Singapore Projected to Fall to 7% by 2027, Says Worldpay
Fintech News
JULY 25, 2024
The use of cash in Singapore is expected to decline significantly by 2027, according to the 2024 Global Payments Report by payment processing company Worldpay. The report projects cash use in Singapore will decrease from 15% (S$23 billion) of point-of-sale transaction value in 2023 to 7% (S$11.4 billion) by 2027. In Singapore, digital wallets such as Apple Pay, GrabPay, and DBS PayLah!
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FTC investigates 'surveillance pricing' based on customer data
Finextra
JULY 23, 2024
The Federal Trade Commission is investigating how companies including Mastercard and JPMorgan Chase use AI and personal data for services that let firms set different prices for different people.
How retailers can drive more sales by meeting the financing needs of more customers
Payments Dive
JULY 22, 2024
Embracing secondary-credit offers enables retailers to offer credit to customers who have less-than-perfect credit, otherwise known as nonprime consumers.
Former LSEG Exec David Runacres Joins Broadridge as APAC President
Fintech News
JULY 24, 2024
Broadridge Financial Solutions has named David Runacres as President of its Asia-Pacific (APAC) operations. Based in Tokyo, Runacres will oversee the company’s regional activities and also serve as Senior Country Officer for Japan, a key market for Broadridge ‘s growth strategy. Runacres comes from the London Stock Exchange Group (LSEG), where he led the Japan division for 12 years.
Movers and shakers: Alliant Credit Union appoints Jamie Warder as CIO
Bank Automation
JULY 26, 2024
Chicago-based Alliant Credit Union has selected Jamie Warder as its chief information officer and head of business strategy, effective July 8. In his new role, Warder is responsible for the technology and business strategy at the $20 billion credit union, according to a company release.
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.
Fintech in Emerging Markets: Opportunities and Challenges
Fintech Review
JULY 24, 2024
In emerging markets, fintech is profoundly transforming financial services. These markets, often characterised by underdeveloped financial infrastructure , benefit significantly from fintech innovations. This article delves into how fintech is reshaping financial services in these regions. We will explore success stories, the pivotal role of mobile money , and the unique challenges faced.
Fiserv to leverage artificial intelligence to help merchants
Payments Dive
JULY 24, 2024
The payments behemoth says its data team will use AI to mine transactions on its products to help merchants and financial institutions profit.
HSBC, SBF to Support Singapore Businesses’ Expansion to Key Trade Corridors
Fintech News
JULY 23, 2024
HSBC and the Singapore Business Federation (SBF) signed a Memorandum of Understanding (MOU) to help Singapore businesses explore growth opportunities in key trade corridors such as the Greater Bay Area, India, and the Middle East. The agreement aims to leverage HSBC ‘s global network and range of solutions to support local businesses in their sustainable transition and international expansion.
MIntos expands to Portugal
Finextra
JULY 23, 2024
Following its successful entrance in other EU nations, Mintos, the multi-asset investment platform offering a unique mix of alternative and traditional investment options, continues its European rollout by making its official debut in the Portuguese investment market.
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.
The Search for Payment Page Perfection
Segpay
JULY 23, 2024
There’s been a lot of talk about changes to cross-sales and checkout pages. You’ve likely noticed that acquirers are actively pushing back on allowing merchants to offer a negative option, upsell, or cross-sell on payment pages. Our U.S. and many of our EU acquirers no longer support these additional sales. The bank will reject or decline the account even if we present a merchant with an existing biller payment form, a negative option, or an opt-out cross-sale on a payment page.
How to speed up FedNow adoption
Payments Dive
JULY 26, 2024
“Interfaces need to be standardized to ensure a consistent and reliable payment experience for businesses and consumers,” writes one payments software executive.
Tencent-Backed Indonesian Fintech Flip Names Pratyush Prasanna Group CEO
Fintech News
JULY 22, 2024
Indonesian fintech company Flip has named Pratyush Prasanna as its new Group CEO. Prasanna, who joined Flip last year as Managing Director, will now steer the company through its next phase of growth and innovation. He brings a wealth of experience from his previous roles, including Head of Merchant Payments at GoTo Financial and leadership positions at Poynt and Paytm.
Trescon Unveils Three Startup Finalists in FutureTech World Cup at Dubai AI & Web3 Festival
The Fintech Times
JULY 24, 2024
The ‘FutureTech World Cup’, a new initiative launched by Dubai AI & Web3 Festival and Trescon to recognise and support emerging tech startups, is now underway. On 10 July 2024, ten pre-qualified startups from across the globe pitched ideas to a panel of five jury members at the Dubai AI Campus. Three startups – Momint , Nettle and Orbii – advanced to the grand finale, set to take place on 11 to 12 September 2024, during the Dubai AI & Web3 Festival.
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.
Blackhawk Network to transition open-loop prepaid cards from plastic to paper-based materials
Finextra
JULY 23, 2024
Blackhawk Network (BHN) and Mastercard Announce Global Environmental Sustainability Initiative Mastercard, BHN transitioning open-loop prepaid cards supplied to third party retail networks from plastic to paper-based materials
How open finance powers a more inclusive and collaborative payments industry
Payments Dive
JULY 25, 2024
Open finance is transforming payments – here’s what financial institutions need to know.
Strengthening Financial Resilience: Huawei’s Role in the Future of Finance
Fintech News
JULY 24, 2024
The financial sector is on the edge of a major transformation powered by continuous technological advancements. At the recent Huawei HiFS Frontier Forum 2024 in Shenzhen, industry leaders discussed how cloud, network, storage, and computing infrastructures can strengthen financial systems’ resilience. The forum’s theme, “ Boost Resilience, Reshaping Smarter Finance Together ,” encapsulates the industry’s collective ambition to navigate the challenges of an uncertain
HKMA Unveils Stablecoin Sandbox Participants, Ensuring ‘Sustainable and Responsible Development’
The Fintech Times
JULY 20, 2024
The Hong Kong Monetary Authority (HKMA) has revealed the participants for its stablecoin issuer sandbox, which will be able to test plans to issue a stablecoin in Hong Kong. Launched by HKMA in March 2024, the stablecoin issuer sandbox is part of the regulator’s efforts to facilitate responsible development of the stablecoin ecosystem in Hong Kong.
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.
Why Inventory Accuracy Can Help Skyrocket Your Retail Business
DeckCommerce
JULY 22, 2024
In retail, inventory accuracy is the name of the game. It's not just about knowing what's on your shelves; it's about ensuring what's in your system matches what's in your storeroom.
Clair CEO backs CFPB rule proposal on EWA
Payments Dive
JULY 25, 2024
Nico Simko supports the Consumer Financial Protection Bureau’s recent rule proposal, and it may be a competitive advantage for him.
ANEXT Bank’s Losses Up Nearly 10%, Revenue Surges Almost 700% in 2023
Fintech News
JULY 23, 2024
ANEXT Bank, a digital wholesale bank based in Singapore and a subsidiary of Ant International, experienced a near 10% increase in losses in 2023, even as revenue grew almost sevenfold, according to DealStreetAsia’s analysis of regulatory filings. In its annual return filed with Singapore’s Accounting and Corporate Regulatory Authority (ACRA), ANEXT Bank reported a nearly sevenfold surge in net interest income to S$22.2 million (US$16.5 million) in the financial year ending 31 Decembe
TigerBeetle is building database software optimized for financial transactions
TechCrunch Fintech
JULY 23, 2024
After doing some consulting for Microsoft to develop protections against zero-day exploits, software engineer Joran Dirk Greef worked with Coil, a web monetization startup in San Francisco, to help build its payments infrastructure. At the time, Coil was using a traditional database to store and process transactions. But Greef had the insight that a specialized […] © 2024 TechCrunch.
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.
How Are Incumbents Adjusting Their Offerings to Become More Accessible?
The Fintech Times
JULY 22, 2024
Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change. When thinking about a financial service doing ‘good’, one of the first things that comes to mind is accessibility.
FTC demands pricing input from Mastercard, others
Payments Dive
JULY 23, 2024
The Federal Trade Commission demanded information from eight companies, including the card network, to better understand how consumer data is being used in the pricing of products and services.
YouTrip Adds Bank Transfers and Linked Account Top-Up Capabilities
Fintech News
JULY 22, 2024
Singapore-based multi-currency e-wallet YouTrip now allows users to transfer funds back to their bank accounts and link their accounts for top-ups. These features aim to enhance user flexibility and control. The new functionalities will be available to all users gradually over the next few days. Users can now withdraw funds to their bank accounts using their mobile number or NRIC linked to their YouTrip account.
Mamo Secures $3.4mln to Enhance Financial Services for SMEs
Fintech Finance
JULY 26, 2024
Mamo , a UAE-based fintech startup on a mission to help small and medium-sized businesses consolidate their payment collection, corporate cards and expense management needs, has announced the successful completion of a $3.4 million funding round. Additional funds will help Mamo expand its product offerings and extend its market presence. The funding round was completed by an existing investor 4DX Ventures and the Dubai Future District Fund.
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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