Sat.Apr 30, 2022 - Fri.May 06, 2022

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Cannabis payments companies focus on compliance, creativity

Payments Dive

In the cannabis business, federal illegality has kept many banks and payments companies on the sidelines. That's opened the door for young companies that are using the ACH network to facilitate cannabis payments in states where it’s been legalized.

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Open Insurance in Brazil: on the road to Open Finance

Axway

In parallel to the national Open Banking program (officially known as Open Finance), another movement is the topic of heated debate today: Open Insurance. The Brazilian insurance regulator envisions a new Open Insurance System and published initial requirements in Dec.

Finance 90
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Peppermint receives EMI licence

The Paypers

Peppermint has been granted a licence to operate as an Electronic Money Issuer (EMI) by the Central Bank of the Philippines , ‘Bangko Sentral ng Pilipinas’ (BSP).

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India-based digital bank Open hits $1B valuation. Open competitors are SaveIN, Niyo, Fi, Freo, and Walrus.

CB Insights

Open , a digital bank, has raised $50M in a Series D. The round drew participation from Tiger Global Management, IIFL, and Temasek, among others. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div><div class="cbi-cta-shortcode-forms" ><div class="cta has-desktop"><div class="cta-desktop center-copy "><h4>

FinTech 60
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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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FTA pushes for remittance fee reform

Payments Dive

"We urge Director Rohit Chopra to update the CFPB’s outdated remittance rule and take on the high cost of international payments," the Financial Technology Association says in this op-ed piece.

CFPB 181
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Amplify Central custom API subscription approval flow – CRM contact check flow using API Builder

Axway

In a previous blog post , we described how to use Integration Builder to create an Amplify Central custom API Subscription approval flow that checks to see if the subscriber exists in Salesforce, based on email the subscriber’s email address.

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More Trending

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How Transaction Analytics Transform Lending Speed and Results

FICO

How can transaction analytics deliver a major competitive advantage in lending? This is the topic I will be discussing at the Gartner Data & Analytics conference May 9-11 in London. Here’s a preview. The pandemic highlighted the over-reliance of banks on traditional data when making credit decisions. The sudden nature of the lockdowns had an immediate impact on incomes for consumers and the businesses that supported them.

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Congressman calls for increased digital wallet protection

Payments Dive

Consumers may "not understand that funds kept in digital wallets or by payment apps may not be insured and protected to the same degree as their bank accounts,” a congressional report says.

Accounts 173
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It’s time to simplify your MFT infrastructure with SaaS

Axway

Sooner or later, we’re all on our way to the cloud. And the market is resolutely headed to a Software-as-a-Service (SaaS) model for, well, just about everything.

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Shopee receives payment institution authorisation in Brazil

The Paypers

Singapore-based ecommerce platform Shopee has gotten authorisation from Brazil’s central bank to operate as a payment institution.

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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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Walnut, a BNPL for healthcare provider, raises $110M. Walnut competitors are Primavera Financial, Certegy, and Sezzle.

CB Insights

Walnut , a point-of-sale lending platform, has raised $110M in a mix of equity and debt. It secured $10M in a Series A round that drew participation from Gradient Ventures, Newark Venture Partners, Afore Capital, and 2048 Ventures, among others. Clear Haven Capital Management provided $100M in debt financing. <span data-sheets-value='{"1":2,"2":"<div class="cbi-cta-shortcode-wrapper"><div class="cbi-cta-shortcode-content"></div>

BNPL 48
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BNPL players' losses grow as costs soar

Payments Dive

Buy now-pay later providers are having to pay a hefty price to keep up with surging consumer demand for their financing services, spending large sums to add new technology and more employees. As a result, their expenses are rising at a much faster rate than their revenue, meaning most of the major players are posting losses despite the BNPL mania.

BNPL 167
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News Round-up – April 2022

Axway

At Axway, we believe in an “Open Everything” world: that the best digital experiences will be built on open API platforms , as well as API-fueled MFT and B2B/EDI solutions, which make participation in an ever-expanding ecosystem frictionless.

API 52
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SEBI to join account aggregator framework in India

The Paypers

India-based market regulator the Securities and Exchange Board of India (SEBI) has planned to join the account aggregator (AA) framework, according to moneycontrol.com.

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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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Why payments leaders are prioritizing data privacy & security

CB Insights

Clients can download the full Fraud Prevention & Compliance for Payments Leaders report at the top left sidebar. Payments leaders face compounding challenges of combating fraud and financial crime, securing consumer and payment card data, and complying with regulatory mandates to protect their businesses and customers — all while ensuring a frictionless user experience.

Privacy 36
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Durbin proposes card fee reforms, not legislation

Payments Dive

Sen. Dick Durbin pushed for a handful of reforms of credit card fee practices at Wednesday's Senate Judiciary Committee hearing on "excessive swipe fees," but didn't offer plans for new legislation. He also questioned Visa and Mastercard representatives about recent fee increases and took testimony from consumer advocates who slammed the hikes.

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News Round-up – April 2022

Axway

At Axway, we believe in an “Open Everything” world: that the best digital experiences will be built on open API platforms , as well as API-fueled MFT and B2B/EDI solutions, which make participation in an ever-expanding ecosystem frictionless.

API 52
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Basiq announces five new customers to access Open Banking

The Paypers

Basiq has announced Pearler, Way Forward, The Payment App, Otivo, and Fonto as new customers under the CDR Representative model who can now access Open Banking data.

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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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Digital Banking: Integrate Your Data, Systems, and Processes

FICO

Following the highly successful The 11 Commandments of Digital Banking eBook , we are completing our series of 5 deeper dive blog posts that group the 11 Commandments below into common themes: Digital lift-and-shift is not a strategy! Friction – not inherently good or evil. Be personable in this impersonal channel. Respect the data. Engage me, teach me – feed my TikTok obsession.

Process 52
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Grubhub launches corporate pay card

Payments Dive

Employers with a Grubhub Corporate Account can set parameters on when workers can use the pay card or choose to give them a daily or weekly credit to use when ordering from partner restaurants on the delivery marketplace.

Accounts 158
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Open Insurance in Brazil: on the road to Open Finance

Axway

In parallel to the national Open Banking program (officially known as Open Finance), another movement is the topic of heated debate today: Open Insurance. The Brazilian insurance regulator envisions a new Open Insurance System and published initial requirements in Dec.

Finance 52
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GCash to introduce 7 per cent interest on deposits

The Paypers

The Philippines-based e-wallet GCash has announced it has plans to start offering up to 7% interest rates for new deposit accounts on its app, in partnership with CIMB.

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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.

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Amex CEO snags $28.5M total compensation

Payments Dive

Stephen Squeri, CEO of New York-based American Express, received $28.5 million in total compensation for 2021. The vast majority of that pay package came from annual and long-term incentive awards on top of a $1.5 million base salary.

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Fiserv, Affirm partner on BNPL

Payments Dive

Brookfield, Wisconsin-based Fiserv is adding a new buy now-pay later player to its roster. The company said Wednesday that San Francisco-based Affirm will be the first BNPL option integrated into its Carat service, which is directed at larger enterprises.

BNPL 113
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Stripe-Plaid squabble erupts

Payments Dive

When digital payments company Stripe launched a new service this week, it caught fintech Plaid, one of its customers and partners, by surprise, and not in a good way. Plaid's CEO expressed his displeasure in what has become a Twitter drama.

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SEC bulks up crypto enforcement unit

Payments Dive

To combat scams and fraud in the digital asset space, the federal agency is adding 20 supervisors, investigative staff attorneys, trial counsels and fraud analysts to an already 30-strong team.

Scams 88
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Secure SaaS Success: Embedded Finance as a Competitive Advantage

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.

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Toast checks into hotels

Payments Dive

Restaurant software company Toast on Tuesday announced its move into the hotel market with Toast for Hotel Restaurants, which it says will provide tools to streamline operations, increase revenue and process room charges directly from its suite of features.

Checks 88
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Getting companies to market faster with compliant money movement

Payments Dive

Companies don't have time to wait weeks to get a compliance program up to speed; instead they need to effectively manage risk and compliance from day one.

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Kohl's boosts reward benefits for card members

Payments Dive

The Menomonee Falls, Wisconsin-based retail chain tested the program in eight markets over the past year and found an increase in Kohl's Card acquisitions and overall sales.

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Block 'just getting started' with Afterpay

Payments Dive

San Francisco-based Block is focused on expanding buy now-pay later provider Afterpay’s customer base and managing its loss rate, Block executives said during Thursday’s first-quarter earnings call.

Blocks 78
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Deliver Mission Critical Insights in Real Time with Data & Analytics

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.