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.

Zelle 179

Zelle Scams Authorization Payments 179

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.

Payments 117

Payments Payment Security Global Payments Security 117

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.

Use Case 128

Use Case AI Automation Continuity 128

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.

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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.

Card Issuer 158

Card Issuer Visa Cybersecurity Issuers 158

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!

Transactions 110

Transactions Credit Cards Global Payments Accounts 110

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.

Federal Trade Commission 119

Federal Trade Commission FTC Visa AI 119

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.

Finance 148

Finance Consumer 148

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.

APACS 109

APACS Client Management Innovation FinTech 109

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.

Credit Union 123

Credit Union Technology Posting Compliance 123

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

Best Practices

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.

FinTech 105

FinTech Financial Literacy Online and Mobile Banking Financial Inclusion 105

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.

AI 148

AI Transactions Product Payments 148

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.

Agreements 109

Agreements FinTech Finance Posting 109

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.

FTC 102

FTC Payments Federal Trade Commission Push-to-Card 102

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.

Payments

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.

Continuity 105

Continuity 105

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.

FedNow 113

FedNow Consumer Payments 113

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.

AI 104

AI Economy Innovation FinTech 104

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.

FinTech 107

FinTech Blocks Innovation Continuity 107

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Payments

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.

Security 98

Security Underserved FinTech Product 98

Payments Dive

JULY 25, 2024

Open finance is transforming payments – here’s what financial institutions need to know.

Finance 148

Finance Payments 148

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.

Stablecoins 105

Stablecoins Participant Cross-Border Issuers 105

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

Finance 106

Finance Risk Mitigation Automation AI 106

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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

Visa 98

Visa 98

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.

Rules 103

Rules CFPB Consumer 103

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.

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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

Central Bank 104

Central Bank Legal Returns Authorization 104

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.

Continuity

Fintech Finance

JULY 24, 2024

Papaya Global , the workforce payments fintech, has announced the launch of Papaya Global Academy, an industry-first video series comprised of more than 85 lessons designed to invite people and organizations to be more strategic about payroll. Now available on Papaya’s website, the free, ungated curriculum provides an accessible way for payments and payroll professionals to enhance their skills and knowledge, while driving greater value for their companies.

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Payroll Innovation Best Practices AI 98

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.

Federal Trade Commission 88

Federal Trade Commission FTC Visa Product 88

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.

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Database Transactions Consulting Process 96

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.

Accounts 104

Accounts Multi-Currency Account Takeovers On-Demand 104

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.

Embedded Finance