Sat.Dec 09, 2023 - Fri.Dec 15, 2023

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Mastercard ties growth to digital strategy

Payments Dive

The network is advancing technologies to let consumers and businesses more easily use its cards, after doubling the number of merchants that accept them over the past five years.

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Three best practices to boost on-time payments using personalized links

Payments Next

By Steve Kramer, VP Product, PayNearMe Though many of us manage our bill payments quite smoothly, you might be surprised to learn The post Three best practices to boost on-time payments using personalized links first appeared on Payments NEXT.

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Limited Revision Planned for PCI DSS v4.0

PCI Security Standards

To address stakeholder feedback and questions received since PCI DSS v4.0 was published in March 2022, PCI SSC is planning a limited revision of the standard. Proposed changes include correcting format and typographical errors and clarifying the focus and intent of some of the requirements and guidance. There will not be any new or additional requirements in this revision.

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Fintech in 2024: Predictions With Kueski, Protegrity, CMC Invest, Crowdstreet, Hokodo, Spendesk, Burges Salmon

The Fintech Times

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024. insights served up today cover a wide range of topics, including investment trends in Latin America, the resilience of in

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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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Google Pay taps Affirm, Zip for BNPL

Payments Dive

The tech giant has linked with the buy now, pay later companies to develop installment payment options to be offered next year.

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Here are the newly minted fintech unicorns

TechCrunch Fintech

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! We’re looking at a bunch of news — from new unicorns, to a fintech doing good, to one that shut […] © 2023 TechCrunch. All rights reserved.

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More Trending

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Open Banking in 2024: Insight from Aryza, Axway, Cashflows, Entrust, Unlimit

The Fintech Times

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.

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Authorized payment scams climb in US

Payments Dive

Such scams are expected to jump 50-plus percent to $3 billion by 2027, forcing financial institutions to address the rising threat, according to a new report.

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Durbin-Marshall: Europeanizing the U.S. Payments System

Electronic Payments Coalition

The Electronic Payments Coalition (EPC) issued a new document examining the negative effects the credit card mandates, similar to those imposed in Europe, would have on American consumers and the nation’s economy. Europeans, as a result of government mandates, have significantly restricted access to credit cards, and those with cards face fees up to 105% higher than American cardholders.

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How 3DS Affects Merchants and Consumers in the Americas

Basis Theory

Why Does 3D-Secure Matter? 3D Secure ( 3DS ) provides an additional layer of security for online transactions, adding an identity confirmation partner to the standard communications between acquiring and issuing banks. It delivers real benefits to consumers (whose credit cards become harder to use fraudulently) and for merchants (whose exposure to chargeback fraud can drop like a rock).

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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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Investment in India is in free fall

TechCrunch Fintech

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. You shouldn’t compare apples to oranges, but similarly, comparing iPhones to Androids is a fool’s errand as well. Now that Apple is finally phasing out the Lightning connector after 11 years in favor of the more universal standard USB-C (across […] © 2023 TechCrunch.

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Marshall keeps up CCCA crusade

Payments Dive

Sen. Roger Marshall acknowledged the Credit Card Competition Act bill may not get a vote this year, but he intends to keep pushing for passage in 2024.

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JCB to begin Phase 2 trials of offline CBDC

Finextra

Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).

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Gen AI to enhance software development, Mastercard exec says

Bank Automation

Financial institutions are looking to generative AI for software development, chatbots and operational efficiencies, and more AI applications are expected to surface in 2024. Gen AI for software development, for one, is expected to be “transformational” in the financial services industry, according to Mastercard’s “Generative AI: The transformation of banking” report, released Dec. 4.

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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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Mastercard and NEC to Test Facial Recognition Checkout in Asia by 2024

Fintech News

Mastercard, in partnership with NEC , is set to pilot a facial recognition-based checkout system in Asia. The initiative is set to commence with trials next year, targeting potential markets in Asia, including Singapore and Indonesia. This initiative reflects the region’s keen adoption of new technologies, with over 80 percent of Mastercard transactions in Asia being contactless.

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The Clearing House revamps leadership

Payments Dive

Since his arrival in February, The Clearing House CEO David Watson has been remaking the company’s executive suite, with another appointment this week.

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UK SMEs Grapple with £20,000 in Unpaid Invoices as Late Payments Surge, Reveals Payit

The Fintech Times

Over a quarter of British small and medium-sized businesses admit to being owed between £5,000 and £20,000 in unpaid invoices, according to a survey by Payit , a payment solution by NatWest, in partnership with Censuswide. SMEs account for nearly two thirds (61 per cent) of UK employment. Late payments have taken a toll across the country, with SMEs also reporting that over a third (36 per cent) of payments in an average month arrive late.

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Evaluating Invoice Financing Options to Improve Cash Flows and Lending Opportunities

Finezza

Businesses of all sizes experience cash flow challenges at some time or another. One unique circumstance is when a business receives a sizable order from a client. However, in many cases, they cannot fulfil the order due to a lack of funds to produce the product. For instance, they may be unable to order raw […] The post Evaluating Invoice Financing Options to Improve Cash Flows and Lending Opportunities appeared first on Finezza Blog.

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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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FOMO Pay and Digibank Zand Join Forces for Asia-MENA Remittances

Fintech News

Singaporean payment institution FOMO Pay and United Arab Emirates’ digital bank Zand have partnered to improve cross-border payment efficiency between Asia and the Middle East and North Africa (MENA) region. This collaboration seeks to streamline B2B transactions and enhance the speed and cost-effectiveness of international remittances. The partnership between FOMO Pay and Zand Bank is expected to benefit businesses by offering more competitive rates and improved efficiency in handling pay

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Discover names banking exec as new CEO

Payments Dive

Michael G. Rhodes, previously the group head for Canadian personal banking at TD Bank Group, will take the helm at Discover in March.

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UK payments watchdog proposes cap on interchange fees

Finextra

The Payment Systems Regulator is propsing to cap cross-border interchange fees on credit and debit cards to protect UK businesses from rising costs.

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Consumer Duty Predictions With Quadient, Fujitsu, Weavr, Provenir, Eligible, Currensea, Zuto, Cardlytics, Fuse

The Fintech Times

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.

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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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Swift Invites Fintech Pioneers to Join AI-Based Cross-Border Innovation Challenge

Fintech News

Swift has announced the launch of its first-ever “The Innovation Challenges” that invites participants to create AI-based solutions aimed at improving the efficiency and security of cross-border transactions. Registration is now open until 15 January 2024. The challenge arises from a Swift study highlighting the growing demand for transparency and security in low-value cross-border payments, especially among small and medium-sized enterprises (SMEs).

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Simon Khalaf channels energy into scaling Marqeta

Payments Dive

Serial entrepreneur and tech executive Simon Khalaf is known for his boundless enthusiasm and energy. Now, the Marqeta CEO is tasked with taking the card issuing fintech to the next level amid increased competition and an uncertain economic climate.

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Credit Karma co-founder Nichole Mustard stepping down after more than 16 years

TechCrunch Fintech

Credit Karma co-founder and Chief Revenue Officer Nichole Mustard is leaving the company after 16-and-a-half years, TechCrunch has exclusively learned today. A spokesperson of the consumer fintech, now a subsidiary of Intuit, confirmed Mustard’s departure via email, writing only: “I can confirm she decided to leave the company, her contributions have been significant and we […] © 2023 TechCrunch.

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7 SaaS Payment Gateway Considerations for Subscription Billing

BlueSnap

Subscription-based billing models are common for today’s SaaS businesses. They provide steady revenue and help you foster long-term relationships with customers. Despite the benefits provided by the pricing model, it does come with unique challenges, particularly around payment processing. The post 7 SaaS Payment Gateway Considerations for Subscription Billing appeared first on BlueSnap.

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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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Former BigPay, Monzo, VP Bank Leaders Launch Pave Bank with US$5.2M Funding

Fintech News

Pave Bank , a digital bank with programmable money and regulated digital assets, announced that it has officially launched following a US$5.2 million seed funding round. The fundraise was led by 468 Capital with participation from Quona Capital, FT Partners, BR Capital, w3.fund, Daedalus and angel investors. The founding team comprises Salim Dhanani (CEO), who previously co-founded BigPay ; Simon Vans-Colina (CTO), with a background at Citibank, Vocalink, Starling Bank before he co-founded Monzo

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FedNow may have spurred RTP adoption

Payments Dive

The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.

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Trends in fintech that drive growth

Finextra

Fintech is a fast-changing ecosystem where there are few certainties. As 2023 comes to an end, it’s.

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6 Benefits of AI Insurance Claims Processing

Nanonets

A survey by Accenture on underwriting employees found that up to 40% of underwriters’ time is spent on non-core and administrative activities. They estimate that this represents an industry-wide efficiency loss of up to $160 billion over the next five years. Integrating AI and automation into the underwriting workflow presents a significant opportunity to minimize the time allocated to administrative tasks, manual processes, and repetitive data entries.

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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.