Sat.Aug 24, 2024 - Fri.Aug 30, 2024

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Sneak Peek: 2024 Europe Community Meeting Speakers

PCI Security Standards

The excitement is building as we get closer to this year’s Europe Community Meeting ! To add to the anticipation, we’re giving you a sneak peek of some of the amazing sessions that will be featured in Barcelona, 8-10 October. Don't pass up the chance to collaborate and gain knowledge into the latest developments in payment security. The PCI SSC Community Meetings are open to all in the payments industry.

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Consumers tap credit cards, loans to manage inflation: Fed report

Payments Dive

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.

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Southeast Asia’s Insurtech Sees Resurgence with Over US$2.4 Billion in Deals

Fintech News

In 2023, the insurtech sector in Southeast Asia saw a remarkable resurgence, marking a significant rebound not witnessed since 2020. According to a new report by Ernst and Young (EY), Southeast Asia’s insurtech deals reached a total value of US$2.4 billion from 27 transactions, a significant increase from the US$538 million raised across 39 deals in 2022.

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Project Ensemble: Hong Kong Embraces Asset Tokenisation With New Sandbox

The Fintech Times

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.

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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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PCI SSC Releases ROC Template for PCI DSS v4.0.1

PCI Security Standards

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.

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CFPB chides retailers on fees for cash back

Payments Dive

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.

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More Trending

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Fintech Rundown: A Rapid Review of Weekly News

Finovate

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.

FinTech 115
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NCR Atleos Launches New LibertyX Bitcoin to Cash Feature Bridging the Digital to Physical Across the United States

Fintech Finance

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.

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Shift4 acquires Canadian gift card company for $148M

Payments Dive

Shift4 keeps buying up payments companies as it seeks to build out a global business servicing many sides of the industry.

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Who Are The Applicants for Thailand’s Virtual Banking License?

Fintech News

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.

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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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Themis and Sei Leverage AI to Enhance Marketing Compliance for Banks

Finovate

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.

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Financial house celebrates a successful summer with prestigious award and launch of card acquiring solution

The Payments Association

Financial House's new card acquiring solution is a game-changer for UK businesses looking to accept global payments with a single API. By integrating major card schemes like Visa, Mastercard, and UnionPay, and providing access to over 90 countries, Financial House simplifies the complexities of global transactions. The solution’s real-time monitoring, customised reporting, and secure, compliant infrastructure further enhance its appeal.

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Earned wage access: Following states that have passed laws, or have legislation pending

Payments Dive

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.

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Stripe Unveils AI-Powered Tools for Payments, Pricing, and Fraud Prevention

Fintech News

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.

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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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Cross-Chain Interoperability: The Future of Blockchain Networks

Fintech Review

Blockchain technology has revolutionised numerous industries by providing decentralised, secure, and transparent systems. However, one of the significant challenges it faces is interoperability between different blockchain networks. Cross-chain interoperability aims to address this issue, enabling seamless communication and transactions across various blockchain platforms.

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Galileo connects with Mastercard Smart Data

Finextra

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.

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Shoppers’ online fraud fears escalate

Payments Dive

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.

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Thailand Post Set to Join Virtual Banking Race After Board Nod

Fintech News

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.

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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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How to Elevate Your Dealership's Payment Security

PayJunction

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.

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Thera raises $4 million in seed funding

Finextra

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.

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Fed official questions faster cross-border payments ties

Payments Dive

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.

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Vietnam Central Bank Warns of Phishing Emails Requesting Biometric Data

Fintech News

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.

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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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Banking Circle Launches the First Bank-Backed MiCA-Compliant Stablecoin, EURI

Fintech Finance

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.

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Moneygram appoints Josh Gordon-Blake as chief digital officer

Finextra

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.

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Aeropay targets pay-by-bank evolution in US

Payments Dive

The Chicago fintech has moved from servicing small merchants to handling cannabis payments, and now it’s catering to gaming clients.

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Is APAC Ready for a Cashless Future?

Fintech News

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.

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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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Galileo Enhances B2B Expense Management Offering with Mastercard Smart Data

Fintech Finance

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.

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Best LLM APIs for Document Data Extraction

Nanonets

Introduction In today's fast-paced business world, the ability to extract relevant and accurate data from diverse sources is crucial for informed decision-making, process optimization, and strategic planning. Whether it's analyzing customer feedback, extracting key information from legal documents, or parsing web content, efficient data extraction can provide valuable insights and streamline operations.

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PayPal joins group investing $15M in Brazilian startup

Payments Dive

The digital payments pioneer expects the fintech to capitalize on the rise of buy now, pay later services in the country.

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Jumio’s Identity Verification Solutions Now Available on AWS Marketplace

Fintech News

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.

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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.