Payments Dive

MAY 30, 2023

New research suggests consumers’ payment method choice can depend on what they’re buying, especially if it’s a guilty-pleasure purchase.

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Consumer Research Payments 166

Nanonets

MAY 31, 2023

Emerging technologies such as artificial intelligence and machine learning have transformed the traditional finance function by making processes efficient, improving accuracy, and enabling data-driven decision-making. According to a Forrester survey, 98% of financial institutions believe that AI and ML can give them an edge and improve how they do business.

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AI Finance Fraud Detection Mitigation 122

CB Insights

MAY 31, 2023

Leading into 2022, numerous fintech unicorns operating in areas like payment acceptance and BNPL saw their funding, employee headcount, and valuations skyrocket. Among these , BNPL provider Klarna and payments processor Stripe reached valuations of $45.6B and $95B, respectively, in 2021. The market downturn, however, has led to workforce reductions at both companies: Klarna conducted several rounds of layoffs, while Stripe reduced its staff by 14%, citing over-hiring.

BNPL 68

BNPL Processors Payments Research 68

FICO

JUNE 1, 2023

Home Blog Feed test Artificial Intelligence: From Hollywood to the Mainstream Artificial intelligence has gone from Hollywood concept to an everyday fact. This post explores applications and considerations for AI in financial services. Thu, 06/01/2023 - 09:03 Saxon Shirley by TJ Horan Vice President, Product Management expand_less Back to top Thu, 06/01/2023 - 09:00 Up until just a few years ago, artificial intelligence (AI) was something you mainly heard about in movies like 2001: A Space Odyss

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AI Fraud Detection Risk Management Use Case 59

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

Payments

Payments Dive

MAY 31, 2023

Payments companies cutting staff and revamping cost structures could make them a more attractive target for acquirers, a QED Investors partner said.

Cost Structure 122

Cost Structure Acquirers Payments 122

Nanonets

MAY 28, 2023

Why Rename PDF Files based on their content? * PDF files shared between organizations are named haphazardly. * The file names often have nothing to do with the data they contain. * This makes it hard to keep track of documents and identify them. * Precious man-hours are spent in renaming and organizing such documents for convenient reference. *This allows users to identify files more quickly, and get some information about the documents without having to open them individually.

Use Case 98

Use Case XML Automation Rules 98

Agile Payments

MAY 30, 2023

Photo by Stephen Goldberg on Unsplash

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Payments Dive

MAY 30, 2023

The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.

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Nomentia

JUNE 2, 2023

ERP integration projects rarely come without challenges, so most teams dread the project in advance. Yet, by being aware of the risks and challenges of the projects beforehand, you will be able to scope your project better and prepare your project plan and timeline accordingly – and perhaps, the project will be less dreadful than you initially thought.

Treasury 52

Treasury Risk Treasury Management 52

The Paypers

MAY 29, 2023

The Bank of Ghana has conceived the Financial Industry Command Security Operations Centre (FISOC) to improve cybersecurity resilience in the country.

Cybersecurity 73

Cybersecurity Security 73

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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?

Use Case

FICO

JUNE 2, 2023

Home Blog Feed test Icing on the Cake: How the FICO Score and alternative data work best together Significant attention has been paid recently to the potential for use of alternative data to enhance the predictiveness and inclusiveness in credit scoring. Tue, 04/25/2023 - 18:03 JenniferPiccinino@fico.com by Can Arkali expand_less Back to top Fri, 06/02/2023 - 19:15 Significant attention has been paid recently to the potential for use of alternative data (i.e., consumer data not present in the tr

Credit Risk 52

Credit Risk Financial Inclusion Risk Assessment Assessments 52

Payments Dive

JUNE 1, 2023

The tech behemoth is adding features that will let consumers stuff more information, such as healthcare insurance credentials and state IDs, into its digital wallet.

Credential 103

Credential Consumer 103

Seon

JUNE 1, 2023

Check fraud, where fraudsters interfere with check payments, runs rampant in spite of the increase in digital payments. In fact, on February 27, 2023, FinCEN issued a report warning financial institutions of the rise in mail theft-related check fraud. According to the FTC via Statista, 2022 saw the loss of $178 million due to check fraud – ranking it even higher than payment app and payment service-based fraud at $163m.

Checks 52

Checks Security Fincen Payer 52

The Paypers

MAY 29, 2023

Ecommerce platform Lazada Group has announced the launch of an AI chatbot in Southeast Asia powered by the OpenAI ChatGPT tech in Microsoft Azure OpenAI Service.

AI 69

AI 69

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

FICO

JUNE 1, 2023

Home Blog Feed test US Bankcards Industry Benchmarking Trends: 2023 Q1 Update Bankcard delinquencies exceed pre-pandemic levels, higher losses are forecasted ahead Sat, 05/20/2023 - 09:58 Saxon Shirley by Leanne Marshall expand_less Back to top Thu, 06/01/2023 - 15:00 FICO releases quarterly United States Bankcard Industry Benchmarking trends, to catch up on the last quarter click here. 2023 started off with unexpected growth, mild recession still predicted this year Reviewing earlier forecasts,

Credit Cards 52

Credit Cards Federal Reserve Tax Refunds Returns 52

Payments Dive

JUNE 2, 2023

The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

P2P 103

P2P CFPB Venmo PayPal 103

Nanonets

MAY 31, 2023

One significant activity in Accounts Payable (AP) processes is Invoice Matching. Traditional approaches in this key task may cost time, effort, and human resources to a business. Using innovative technologies and automated toolsets can optimize invoice matching to provide extra leverage and value to a business. This article provides a detailed insight on invoice matching, the different types, the need for touchless invoice processing or invoice management , and its varied benefits.

Automation 52

Automation Audit Process Duplicate 52

Nomentia

MAY 31, 2023

Trade finance is a vital discipline for many companies; it allows them to mitigate risk and is a key enabler of business continuity. Without trade finance instruments, certain projects would come to a halt because the risk of doing business would simply be too high. Today, many factors affect how trade finance works, and it's important for companies to keep up-to-date with the latest trends and developments to optimize the related processes.

Finance 52

Finance Mitigation Business Continuity Risk 52

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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.

Payments

Tribe Payments

MAY 31, 2023

In our new ‘Need to know’ series, we speak with some of the product experts at Tribe Payments – starting off with Alex Kelly, our VP of Business Solutions, who tells you all you need to know about Acquirer Processing – including how it differs from an acquirer. At Tribe, we often get inquiries from merchants directly who are looking for an acquirer so who is who when it comes to payment processing?

Acquirers 52

Acquirers Process Processors Multi-Currency 52

Payments Dive

MAY 31, 2023

ACI has appointed its interim CEO and one-time board chairman, Thomas Warsop, as its next CEO, after pushing out its former CEO late last year.

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Nanonets

MAY 31, 2023

The operation of any business hinges on the procurement of essential goods and services from third party vendors.  While there are two participants in a procurement process – the buyer and the seller, it is the act of procurement by the buyer that is referred to as the procurement process. Procurement is critical to the buyer’s business because it decides the quality of the goods/services to be used by the business, and the cost benefits associated with it.

Process 52

Process Automation Product Third Party Vendors 52

Axway

MAY 31, 2023

Many Axway enterprise customers use a VAN (value-added network) , and there’s good reason for that. They remain a valuable resource in simplifying the secure exchange of data and documents between businesses.

Security 52

Security B2B 52

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

Accertify

MAY 30, 2023

It is every business’s most dreaded fear. A new customer visits your site, browses your products, and makes a purchase. The problem? Some of their behaviors seem suspicious. Is this new customer a fraudster or a legitimate shopper? You don’t want to risk fraud losses, so you block the transaction. It turns out you were wrong, and the new customer was a real buyer who will never shop with you again.

Fraud Prevention 52

Fraud Prevention Blocks Breach Data Breach 52

Payments Dive

JUNE 1, 2023

The multi-year partnership allows Worldpay’s merchant clients to integrate Affirm’s BNPL options at checkout.

BNPL 97

BNPL 97

Nanonets

MAY 31, 2023

In business, mistakes made by manual processes are difficult to control, leaving businesses of all sizes vulnerable to fraud.   Accounts payable (AP) fraud is a growing concern, with over 80% of organizations having fallen prey to it.  Even giants such as Google and Facebook have been victims of AP fraud, losing over $100 million. Having a smooth and effective accounts payable process is critical in establishing strong vendor management relationships, increasing profits, saving time, o

Automation 52

Automation Accounts Audit Process 52

Open Banking

MAY 30, 2023

Open Banking Limited (OBL) is pleased to announce the publication of the Open Banking Standard version 3.1.11. This is the first release following the substantive completion of the Competition and Markets Authority’s (CMA’s) Revised Roadmap and is mainly made up of optional updates. Fiona Hamilton, Head of Standards, OBL , says: “ While the updates are relatively limited, we are pleased to ensure the ongoing relevance of the Open Banking Standard with new propositions such as the wallet function

API 52

API Authorization Addressing Regulations 52

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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.

AI

Accertify

MAY 30, 2023

Fraud can cause widespread damage to your eCommerce businesses. Of course, there are the fraud losses. But that’s just the tip of the iceberg. Account takeovers and mistaking legitimate shoppers for fraudsters can cause damage to your reputation, not to mention lost customers. The time it takes your fraud team to review the endless number of suspicious transactions can be a drain on resources.

Fraud Prevention 52

Fraud Prevention Federal Trade Commission Technology Account Takeovers 52

Payments Dive

MAY 31, 2023

CEO Stephanie Ferris pointed to Adyen as a major Worldpay competitor and talked about losing out on the retail side to Square and Clover.

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Nanonets

MAY 31, 2023

Automated invoice processing is the process of seamlessly extracting data from invoices entering your system and pushing it into your ERP so that processing a payment can be done in just a few clicks. This blog is a comprehensive overview of the latest technologies that can enable you to do that. Processing payments for finance departments is a chaotic process with invoices coming from in every format possible:  paper invoices, PDFs, scanned PDFs, emails, etc.

Automation 52

Automation Process Payment APIs and Integration Rules 52

Axway

JUNE 1, 2023

For the first time since 2019, Axway Summit took place in a physical location, and it was a joy for all of us to reunite in person. “What an extraordinary event it was!

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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