Sat.Feb 24, 2024 - Fri.Mar 01, 2024

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Data Breaches 101: What They Are And How To Prevent Them

VISTA InfoSec

A data breach could ruin your business overnight. Imagine customer outrage as hackers leak the private details your company promised to protect. Are you prepared to deal with regulatory fines, lawsuits, costly investigations, disrupted operations, and destroyed trust while cybercriminals profit freely from stolen data? That’s the harsh aftermath companies face today following high-profile breaches.

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Coffee with the Council Podcast: Meet the Council’s New Executive Director Gina Gobeyn

PCI Security Standards

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today I am thrilled to introduce the Council's new Executive Director, Gina Gobeyn. Gina joins PCI SSC following the announcement of Lance Johnson's retirement this year. As Executive Director, Gina will drive the organization's strategic direction, its operations, and oversee the PCI SSC senior leadership team and staff.

Security 191
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Discover deal may trigger more competition

Payments Dive

The merger at least raises the possibility that there won’t be two card networks that dominate the future of tokenized transactions, writes one fintech lawyer.

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63% of US Businesses Will Use ISO 20022. Financial Institutions are Not Ready to Meet Demand

Fintech Finance

The impending March 2025 migration deadline of FedWire to the ISO 20022 standard by all financial institutions (FIs) presents a strategic opportunity to revolutionize their payment infrastructure and services, according to a new Datos report, sponsored by Finzly , the pioneering provider of modern payments systems. According to the Datos survey of US corporate finance professionals from 1,037 midsize and large organizations, around 57% are interested in using automated payables and receivables s

ISO 20022 144
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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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Ripple and Axelar Foundation Set a New Standard for Blockchain Interoperability on XRPL

The Fintech Times

As more firms look to enter the blockchain and decentralised space, easy integrations and the ability to develop applications are an absolute must. Ensuring this is possible on the XRP Ledger (XRPL), Ripple , the crypto solutions provider, has partnered with Axelar Foundation , the nonprofit decentralised interoperability network. Axelar network’s integration with the XRPL aims to help bolster the XRPL DeFi ecosystem by providing essential liquidity for stablecoins and large-cap assets.

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EU adopts instant payments rules

Finextra

The European Council has adopted a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries.

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More Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand

Fintech News

The fintech industry, having navigated through the turbulent waters of the COVID-19 pandemic, has demonstrated not only resilience but also a robust capacity for growth. This period of upheaval has catalysed a significant transformation within the sector, with fintech firms adapting to and capitalising on the changing landscape of consumer demands and regulatory environments.

FinTech 138
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What Does 2024 Have in Store for Digital Wallets?

The Fintech Times

Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Having already looked into digital wallets extensively throughout our paytech theme this month, we now turn our attention to the future. What does 2024 have in store for digital wallets?

Bitcoin 126
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Lloyds forms trade digitalisation partnership with WaveBL

Finextra

Lloyds has become the first UK bank to join the WaveBL electronic trade documentation platform, meaning its clients can transfer blockchain-based Bills of Lading across a network of members in 136 countries.

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Affirm preps for UK launch

Payments Dive

Beyond expansion to the U.K., the BNPL provider may seek to plant a flag where its large partners such as Amazon and Shopify have a presence, said Affirm’s Chief Revenue Officer Wayne Pommen.

BNPL 178
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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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Fintech giant Stripe’s valuation spikes to $65B in employee stock-sale deal

TechCrunch Fintech

Payments infrastructure giant Stripe said today it has inked deals with investors to provide liquidity to current and former employees through a tender offer at a $65 billion valuation. Notably, the valuation represents a 30% increase compared to what Stripe was valued at last March when it raised $6.5 billion in Series I funding at […] © 2024 TechCrunch.

FinTech 125
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BNY appoints Gerdeman as global head of data and analytics

Bank Automation

BNY Mellon has appointed Julie Gerdeman as its global head of data and analytics. Gerdeman will be responsible for managing software and data for nearly $47 trillion of assets managed by BNY, according to a Feb. 20 release.

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Older shoppers boost growth in contactless payments

Finextra

New Consumer Spend data from Barclays’ annual contactless trends report has revealed that 2023 was another record-breaking year for ‘touch and pay’, with the fastest growth coming among the over 65s.

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Fed official makes a case for the dollar’s hegemony

Payments Dive

Can the dollar’s reign as the world’s reserve currency persist? This Fed official makes a strong case, but digital doubts may remain.

Fed 142
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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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Grow London Global?Leads Tech Trade Mission to Dubai

The Fintech Times

London & Partners , the business growth and destination agency, is leading a delegation of fintech, enterprise and sustainability companies to Dubai later this month, to help the firms explore commercial opportunities and prepare for expansion to the United Arab Emirates (UAE). A total of 24 innovative tech companies from London are taking to Dubai from 26 to 28 February, seeking new opportunities in the region.

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First Bank CIO Thomas joins Bank Automation Summit U.S. 2024 speaker faculty

Bank Automation

Terrence Thomas, executive vice president and chief information officer at First Bank, will speak at Bank Automation Summit U.S. 2024 on Monday, March 18, at 4 p.m. CT.

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American Express adds BNPL twist to credit card bills

Finextra

American Express has launched ‘Plan It’ – a new offering for the UK market that allows credit card holders to pay off purchases on their statement, or a portion of their monthly bill, in instalments.

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Capital One-Discover deal may spur payments M&A

Payments Dive

The blockbuster deal is set “to trigger a bunch of rethinking across the industry,” said Erin McCune, a partner at consulting firm Bain & Company.

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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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Why (and How) to Think About Your ROI of Global Digital Payments

BlueSnap

When CFOs and other business leaders think about their return on investment, it is easy to overlook payments. However, your global digital payments strategy can significantly impact profitability. The post Why (and How) to Think About Your ROI of Global Digital Payments appeared first on BlueSnap.

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The Power of Digital Identity: Key to Remaining Competitive in Financial Services

The Fintech Times

The financial sector is experiencing a rapid digital transformation, pushing incumbents to adapt to the standard set by challenger banks and fintechs for streamlined customer journeys. But what incumbents do have is the brand recognition, licensing reach and established infrastructure to enable the shift towards digital identity to secure their place in the future of finance.

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ANZ adds Qantas as first third-party integration partner for mobile app

Finextra

ANZ customers can now view their frequent flyer accounts with Qantas via the bank's mobile app, under a programme that will see more third party services plugged in over time.

Accounts 111
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Capital One tackles Discover compliance issues

Payments Dive

Capital One is betting the resolution of Discover’s compliance issues will take longer and cost more than expected, Capital One CEO Richard Fairbank said.

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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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Nium Now Licensed by Japan’s Regulator for Money Transfers Over US$300K

Fintech News

Global payments platform Nium announced that it has secured a payments license to conduct higher-value financial transactions from Japan’s Financial Services Agency (JFSA). According to Nium, it is the first international company to be granted the Type 1 Funds Transfer Service Provider license with the “JFSA recognising its ability to integrate with local payment rails, deliver real-time transactions, provide transparent costs, and offer significantly cheaper rates” This allows

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Rising Inflation Squeezes American Families as Corporate Retail Giants Reap Inflated Profits

Electronic Payments Coalition

WASHINGTON, DC — It’s been nearly 15 years since the Durbin Amendment imposed price caps and routing mandates on debit cards, financially burdening small businesses, while corporate mega-stores, like Walmart and Target, have accumulated substantial revenue gains. Now, Senators Dick Durbin and Roger Marshall are looking to do the same to Americans’ credit cards.

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Klarna's AI chatbot does the equivalent work of 700 full-time humans

Finextra

Klarna says its OpenAI-powered chatbot is doing the equivalent work of 700 full-time agents after its global launch last month.

AI 131
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Gusto Taps Nav to Help Clients Build Business Credit and Access Financing

Finovate

Payroll, benefits and HR management solutions company Gusto and B2B credit and financing expert Nav are partnering this week. Under the agreement, Gusto’s small business clients will have access to Nav’s financial health insights as well as its network of financing options. Originally founded as ZenPayroll in 2012, Gusto has raised a total of $746 million.

Finance 105
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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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HashKey OTC Gets In-Principle Nod for DPT Services in Singapore

Fintech News

HashKey Technology Services, the over-the-counter (OTC) trading division of the HashKey Group , has secured in-principle approval from the Monetary Authority of Singapore (MAS) for its application for a Major Payment Institution license. This license will enable HashKey OTC to provide digital payment token services. The company, which has been operating under a temporary exemption from holding a license for the provision of digital payment token services, offers institutional and accredited inve

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Company Valuation 101: The Example of Fintech Startups

Fintech Review

In the dynamic world of business, understanding the worth of an enterprise is essential for a myriad of reasons, from fundraising and mergers to sales and internal reviews. For industries that are rapidly evolving, such as the fintech sector, determining this worth can be challenging. Company valuation, therefore, plays a pivotal role. Let’s dive deep into company valuation, using fintech startups as our primary example.

FinTech 105
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Nacha Launches New Campaign Highlighting the Many People Benefiting from Direct Deposit

NACHA

Nacha Launches New Campaign Highlighting the Many People Benefiting from Direct Deposit droth@nacha.org Wed, 02/28/2024 - 06:01 Image Media CMS-937_Direct-Deposit-Media-Release-Image_Collage_with-Logo (1).

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Lloyds Bank Embraces Paperless Future of International Trade in Partnership With WaveBL

The Fintech Times

Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, in an effort to unlock new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs) and ditching paper forms. Bills of Lading are important documents in international trade which are issued by a carrier when a seller dispatches goods to an end customer – with the document essentially acting as a receipt for the goods being shipped.

On-Demand 105
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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.