Consumers tap credit cards, loans to manage inflation: Fed report
Payments Dive
AUGUST 26, 2024
Gen Z and millennials were the age groups most likely to use loans and credit cards to respond to higher prices, a Federal Reserve research report said.
Sat.Aug 24, 2024 - Fri.Aug 30, 2024
180 
Women in Payments Canada Symposium
Open Banking Excellence
AUGUST 30, 2024
24-25th September Live Event Linkedin Twitter Canada Symposium Be inspired by women making waves in the Canada payments industry and beyond. Join us at the 2024 Symposium! Our theme for this year is “ Women Leading the Generative Era “ Our keynotes, panels, and break-out sessions will help strengthen your skills while keeping you on top of industry trends.
PCI SSC Releases ROC Template for PCI DSS v4.0.1
PCI Security Standards
AUGUST 28, 2024
The PCI Security Standards Council (PCI SSC) has released the PCI Data Security Standard (PCI DSS) Report on Compliance (ROC) Template for v4.0.1 to align with PCI DSS version 4.0.1, to address minor errors, and to reformat the template.
Project Ensemble: Hong Kong Embraces Asset Tokenisation With New Sandbox
The Fintech Times
AUGUST 28, 2024
The concept of tokenisation has several meanings and promises to drive a seismic shift in global finance in a number of ways. Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale central bank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.
How To Drive Retail Results With Integrated Tech And UX Design
Speaker: Jennifer Wright and Nick Barron
Navigating the complexities of e-commerce requires more than just the right technology - It demands a holistic strategy that aligns platform capabilities with customer- centric design and marketing. This webinar will provide a roadmap for building a robust e-commerce strategy, guiding you through key decisions from platform selection to creating user experiences that convert, and leverage digital marketing to reach and retail customers.
CFPB chides retailers on fees for cash back
Payments Dive
AUGUST 27, 2024
The federal agency surveyed major retailers and was concerned to find three retailers impose $90 million in fees annually when consumers ask for cash back with a debit or prepaid card purchase.
Thailand’s 10,000-Baht Digital Wallet Handout to Begin in September
Fintech News
AUGUST 25, 2024
Thailand’s former Prime Minister Thaksin Shinawatra announced that the 10,000-baht handout under the digital wallet scheme will commence in September, with a focus on vulnerable groups in society, as reported by The Nation. Thaksin, speaking at a Nation Group event, highlighted that 13.5 million people in vulnerable categories, along with one million disabled citizens, would be the first recipients of the 10,000-baht handout.
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Fintech Rundown: A Rapid Review of Weekly News
Finovate
AUGUST 26, 2024
As summer draws to a close, there may be a big acquisition on the horizon in the fraud and financial crime prevention space. Be sure to check in with Finovate’s Fintech Rundown all week long for the latest in fintech news. Fraud and financial crime prevention Is Visa looking to acquire fraud fighting platform Featurespace ? Financial wellness Canadian fintech Koho launches Rent Reporting to help renters improve their credit.
Shift4 acquires Canadian gift card company for $148M
Payments Dive
AUGUST 27, 2024
Shift4 keeps buying up payments companies as it seeks to build out a global business servicing many sides of the industry.
Who Are The Applicants for Thailand’s Virtual Banking License?
Fintech News
AUGUST 26, 2024
Thailand is moving closer to welcoming its first virtual banks, with the Bank of Thailand (BOT) currently accepting applications for the virtual banking license. With the deadline looming on the 19th of September 2024, speculations are rife for Thailand’s virtual banking license applicants. In the initial phase, three licenses are expected to be granted, with successful applicants anticipated to be announced within the first half of 2025.
Making the Most of Your Sales Features
Segpay
AUGUST 27, 2024
The compliance road has been full of twists and turns this year. Hopefully, most of us can now shift our focus to all the things we’ve left on the back burner for months. For the majority of us, that’s driving revenue. I know I’ve written a lot about compliance this year, and for many, it’s been a companywide effort to cross that finish line. With just four months left in 2024, we are all looking ahead to ways to increase volume during this last quarter of the year.
How to Select the Perfect Payments Partner: 7 Keys for Sustainable Growth
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
Join Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms for an informational webinar about how to select the ideal payments provider for your platform! This session highlights the 7 key criteria for assessing payments partners and maximizing the value of your investment. From evaluating technology and business development programs to understanding support and compliance, this webinar will equip you with a comprehensive evaluation framework and strategy for
Themis and Sei Leverage AI to Enhance Marketing Compliance for Banks
Finovate
AUGUST 26, 2024
Governance, risk, and compliance platform Themis has partnered with regulatory compliance company Sei. The partnership integrates Sei’s marketing compliance engine into Themis’ platform to enable financial institutions to maintain marketing compliance across all channels. Themis won Best of Show in its Finovate debut at FinovateFall 2022.
Earned wage access: Following states that have passed laws, or have legislation pending
Payments Dive
AUGUST 30, 2024
States began passing laws friendly to the industry in 2023 and have continued to pursue them this year, even after the federal government weighed in with a stricter standard.
An Overview of Debit Cards, P2P Payments, and Digital Cash in 2024
Clearly Payments
AUGUST 24, 2024
Debit payments, peer-to-peer (P2P) money transfers, and digital cash have been evolving at a good pace over the past 10 years. This has been changing how individuals and businesses manage their finances and pay for goods and services. There is an overall significant decrease in the use of physical cash in favour of using digital methods. This article explores the innovations in these areas, along with statistics.
Stripe Unveils AI-Powered Tools for Payments, Pricing, and Fraud Prevention
Fintech News
AUGUST 29, 2024
Payments firm Stripe has announced several new features aimed at enhancing cross-border commerce in Asia, including AI-powered payment tools and expanded market coverage. These updates were revealed during Stripe Tour Singapore, the company’s annual product showcase in the region. A key highlight is the introduction of Stripe’s Optimised Checkout Suite, which now uses artificial intelligence (AI) to determine the most suitable payment methods for customers based on their preferences.
Provide Real Value in Your Applications with Data and Analytics
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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.
Galileo connects with Mastercard Smart Data
Finextra
AUGUST 28, 2024
Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), is now offering its fintech clients, with fintech Rho as the first to launch, the ability to connect their business customers to Mastercard Smart Data, a market-leading expense reporting and analytics suite.
Shoppers’ online fraud fears escalate
Payments Dive
AUGUST 28, 2024
Four in five consumers are worried about identity theft or someone stealing their credit card numbers, according to a report this month from the credit monitoring agency Experian.
How to Elevate Your Dealership's Payment Security
PayJunction
AUGUST 27, 2024
In June 2024, a prominent software-as-a-service (SaaS) solution provider for automotive dealerships faced two severe cyber attacks. These incidents disrupted operations for approximately 15,000 car dealerships that rely on the solution for various operations, including sales, customer relationship management (CRM), back office administration, billing, financing, inventory management, service, and support.
Thailand Post Set to Join Virtual Banking Race After Board Nod
Fintech News
AUGUST 27, 2024
Thailand Post is positioning itself to join the virtual banking licensing race following approval from its board, according to a report by the Bangkok Post. The state-owned logistics provider plans to leverage its nationwide network to capitalise on this emerging sector, with two potential strategies in mind: joining a consortium applying for a Bank of Thailand virtual bank license or operating as a neutral banking agent for multiple virtual banks.
Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio
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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.
Thera raises $4 million in seed funding
Finextra
AUGUST 27, 2024
Thera, a leading payroll and payments platform, has announced that it has raised a $4 million Seed round with participation from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital.
Fed official questions faster cross-border payments ties
Payments Dive
AUGUST 29, 2024
Federal Reserve Governor Christopher Waller suspects there could be more fraud and money-laundering if countries move too quickly to link their faster payments systems, he said at a conference.
Galileo Enhances B2B Expense Management Offering with Mastercard Smart Data
Fintech Finance
AUGUST 28, 2024
Galileo Financial Technologies , a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), is now offering its fintech clients, with fintech Rho as the first to launch, the ability to connect their business customers to Mastercard Smart Data, a market-leading expense reporting and analytics suite. By integrating detailed transactional data directly from Mastercard, businesses can significantly reduce the time and complexity of managing corporate expenses.
Vietnam Central Bank Warns of Phishing Emails Requesting Biometric Data
Fintech News
AUGUST 27, 2024
The State Bank of Vietnam (SBV) has recently alerted the public about a series of phishing scams involving imposters posing as the central bank. Fraudsters are impersonating the SBV via email, attempting to trick individuals into clicking on phishing links under the guise of updating their biometric information for banking purposes. These deceptive emails often cite the SBV’s Decision No. 2345/QD-NHNN to appear legitimate and urge recipients to update their information before 30 August 2024.
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.
Moneygram appoints Josh Gordon-Blake as chief digital officer
Finextra
AUGUST 27, 2024
MoneyGram International, Inc. (“MoneyGram” or the “Company”), a leading global financial technology company that connects the world’s communities, today announced the appointment of Josh Gordon-Blake as Chief Digital Officer.
Aeropay targets pay-by-bank evolution in US
Payments Dive
AUGUST 26, 2024
The Chicago fintech has moved from servicing small merchants to handling cannabis payments, and now it’s catering to gaming clients.
NCR Atleos Launches New LibertyX Bitcoin to Cash Feature Bridging the Digital to Physical Across the United States
Fintech Finance
AUGUST 29, 2024
NCR Atleos Corporation (NYSE: NATL) (“Atleos”) today announced the launch of a new LibertyX Bitcoin Cashout feature whereby enrolled LibertyX customers can sell bitcoin, picking up their cash conveniently at ATMs across the United States at thousands of leading merchant locations with a transaction point within five miles of more than three in four Americans once rolled out across all participating ATMs.
Is APAC Ready for a Cashless Future?
Fintech News
AUGUST 26, 2024
From the bustling streets of Shanghai to Mumbai’s bustling markets, a financial revolution is quietly transforming the Asia-Pacific region. Here, smartphones aren’t just for calls and texts – they’re becoming the new face of money. In an area where cash was once king, digital wallets reign supreme, reshaping how people pay and how they think about money itself.
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.
What is document classification?
Nanonets
AUGUST 26, 2024
In our hunter-gatherer days, we had to classify objects and beings as food, foe, or friend, for survival. Today our need for classification is less for conservation and more for clarity. In this era of information overload, document classification is of considerable importance for the efficient management and use of information and knowledge. In this article, we will look at the types of document classification and how ML techniques are being increasingly used for this purpose.
PayPal joins group investing $15M in Brazilian startup
Payments Dive
AUGUST 30, 2024
The digital payments pioneer expects the fintech to capitalize on the rise of buy now, pay later services in the country.
Banking Circle Launches the First Bank-Backed MiCA-Compliant Stablecoin, EURI
Fintech Finance
AUGUST 27, 2024
Banking Circle S.A., the innovative, tech-driven payments bank, announces the launch of EURI, a bank-backed stablecoin, compliant with the Markets in Crypto Assets Regulation (MiCA). The launch of EURI follows the implementation of the first phase of the MiCA regulation which applies to asset referenced tokens and e-money tokens from the 30 June 2024.
Jumio’s Identity Verification Solutions Now Available on AWS Marketplace
Fintech News
AUGUST 28, 2024
Jumio, a global provider of AI-driven identity verification and compliance solutions, is now available on the AWS Marketplace. AWS Marketplace is a digital catalog that offers a wide range of software from independent vendors, enabling its users to find, test, purchase, and deploy software. Jumio’s platform utilises various AWS services, including Amazon SageMaker and Amazon Rekognition, to deliver its solutions.
Deliver Mission Critical Insights in Real Time with Data & Analytics
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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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