Consumers use cash to forget, study shows
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.
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.
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.
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.
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
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
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.
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.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Agile Payments
MAY 30, 2023
Photo by Stephen Goldberg on Unsplash
Payments Dive
MAY 30, 2023
The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.
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.
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.
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.
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
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.
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.
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.
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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.
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,
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.
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.
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.
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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.
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?
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.
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.
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.
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.
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.
Payments Dive
JUNE 1, 2023
The multi-year partnership allows Worldpay’s merchant clients to integrate Affirm’s BNPL options at checkout.
Nanonets
MAY 31, 2023
For every business, a well-defined approval process for spends and expenses is crucial to maintaining financial control and ensuring responsible expenditure. Without this structured approval process in place, organizations may have to contend with unchecked spending, budget overruns, fraud, inefficient resource allocation, operational confusion, and poor decision-making.
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
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.
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.
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.
Nanonets
MAY 31, 2023
Beware of little expenses. A small leak will sink a great ship. - Benjamin Franklin The strategic management of expenses is vital to the financial success of companies. However, achieving sustainable spending management can be challenging due to various internal and external factors. Internal factors include rising operational costs, the need for omnichannel capabilities, high employee turnover, intense competition, and outdated processes.
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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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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