Sat.Nov 04, 2023 - Fri.Nov 10, 2023

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Millennial credit card delinquencies rise: New York Fed

Payments Dive

Nearly 3% of millennials are newly delinquent as of the third quarter this year, slightly up from 2.5% in Q3 2019, according to a report from the Federal Reserve Bank of New York.

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How to Choose Right PCI SAQ for Your Business

VISTA InfoSec

In the world of digital transactions, businesses handling payment cards must demonstrate their data security measures through the Payment Card Industry Self-Assessment Questionnaire (PCI SAQ). Completing the SAQ is a key step in the PCI DSS assessment process, followed by an Attestation of Compliance (AoC) to confirm accuracy. Level 1 merchants and service providers, mandated by PCI SSC or customers, must complete a Report on Compliance (RoC), while others use an SAQ.

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NatWest’s Proposal To Unlock the “Unmet” Potential of Open Banking

Open Banking Excellence

Guidance on incentives, expansions to the mandate and multi-party schemes from Stephen Wright, Head of Regulation and Standards, Bank of APIs, NatWest Group. The UK has not yet unlocked the true potential of Open Banking, even though we have made tremendous progress. Since Open Banking launched in January 2018, seven million consumers and businesses have used it.

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Spotlight On: Cartes Bancaires, a New Principal Participating Organization

PCI Security Standards

Welcome Cartes Bancaires, a new Principal Participating Organization (PPO) at the PCI Security Standards Council! In this special spotlight edition of our PCI Perspectives Blog, Cartes Bancaires’ Executive Vice President, Projects & Expertise Division Pierre Chassigneux introduces us to his company and how they are helping to shape the future of payment security.

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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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Toast’s growth slows

Payments Dive

The restaurant fintech noticed “a modest slowdown” in same-store sales in the latter half of the third quarter that continued into October, the company’s CFO said Tuesday.

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Strengthening Cyber Defenses with Multi-Factor Authentication

VISTA InfoSec

The need for robust cyber defenses has never been more prevalent. We live in a world where remote access to data is the norm, opening up additional vulnerabilities when protecting digital assets. Additionally, organizations need to comply with data privacy requirements including understanding Digital Personal Data Protection. Mutli-Factor Authentication (MFA) isn’t a new concept.

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Nominate Now for the 2024-2025 Brazil Regional Engagement Board

PCI Security Standards

From 1-17 November 2023, the PCI Security Standards Council (PCI SSC) is accepting nominations from companies to serve on the 2024-2025 PCI SSC Brazil Regional Engagement Board.

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Citi fined $25.9M over alleged discrimination

Payments Dive

The bank, between 2015 and 2021, denied certain credit card products to applicants with surnames ending in “ian” and “yan,” suffixes that Citi employees associated with Armenian national origin, the CFPB said.

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Why last week felt like 2021 in fintech

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! Last week, we chronicled some big rounds in the fintech space, Intuit’s decision to shutter Mint and what that means […] © 2023 TechCrunch.

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No Fee Payment Processing: Everything You Need to Know

Stax

A 2022 survey by the Pew Research Centre found that 41% of consumers don’t use cash for weekly purchases like gas, meals, and groceries. This figure used to be 24% in 2015 which makes it evidently clear that card usage is on the rise. This may be concerning for certain types of businesses as they need to spend more to process credit and debit card payments as compared to cash.

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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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Enabling Expansion of Payment Business in Asia by Overcoming Language Barriers

The Payments Association

In order to adopt a risk-based and scalable approach to Know Your Customer (KYC), businesses must be confident in the reliability of their KYC data. It is therefore critical that organisations are able to efficiently and accurately translate public documentation and information provided by clients themselves to gain the necessary assurance to onboard legitimate entities and identify bad actors.

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Jack Henry lands more FedNow clients

Payments Dive

Jack Henry & Associates recorded an increase in the number of customers connected to the new Federal Reserve instant payments system, but they’re all in receive-only mode.

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Ripple becomes technology partner of National Bank of Georgia

The Paypers

US-based crypto solutions company Ripple has become the technology partner for National Bank of Georgia ’s (NBG) digital GEL pilot project.

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What Is Data Tokenization and How Does It Work?

Stax

As the world increasingly moves online, it is essential to safeguard the information being stored and transferred over networks. Today, data is as important as currency and should be safeguarded as such. In 2022, there were 1802 instances of data compromise in America which affected 422 million people. Loss, corruption, improper use, and unwanted access to a company’s data assets can lead to immense negative publicity, which in turn can cause irreparable reputation damage, fines, sanctions, and

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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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Starling Banking Services: What it is and why it matters

The Payments Association

At Starling Banking Services, we want to help financial services thrive. By providing organisations – FinTechs, credit unions, insurance dispersers, investment companies, and point of sale companies – with payment solutions, we’re opening up the world of cloud-based, cutting-edge banking so that more customers can benefit from better financial tools.

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Affirm CEO welcomes CFPB oversight

Payments Dive

Consumer Financial Protection Bureau supervision “levels the playing field” in buy now, pay later, Affirm’s CEO Max Levchin said Wednesday.

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October 2023 Changelog

Basis Theory

See all the improvements, bug fixes, and enhancements we completed in October 2023 at Basis Theory.

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A Primer on Simple Mobile Payments for Small Business: What Merchants Need to Know

Stax

When you’re serving customers, you need to be as fast and efficient as possible—no matter how big or small your business is. Your customers are busy and so are you. Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. You’ll get paid right away and they’ll be satisfied with the transaction. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ product

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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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The Payments Association echoes Visa report on putting customers first in payments

The Payments Association

Today, The Payments Association head of policy and government relations, Riccardo Tordera attended the release of Visa’s report, Payments: Putting customers first at the offices of EY.

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FIS forms board committee to review litigant demands

Payments Dive

Fidelity National Information Services disclosed that its board has formed a committee and hired an independent counsel to review demands tied to a stockholder lawsuit.

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WLPayments integrates with Paysafe

The Paypers

Netherlands-based payments orchestration platform WLPayments has announced its successful integration with payment solutions provider Paysafe.

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How Adopting Mobile Payments Can Help Your Business Grow in 2024

Stax

Let’s time travel back, just 20 years ago, to the shopping mall. You’re making a purchase at a retail store, and the cash register is large, clunky, and painfully slow, even for 2004. Fast forward to now where much has changed, and research anticipates contactless mobile payments to exceed one billion users globally by 2024. Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone.

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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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Bank of England and FCA release proposed regulatory regime on stablecoins

The Payments Association

The Bank of England (BoE) and the Financial Conduct Authority (FCA) have taken a significant step in addressing the rapid growth of stablecoins and related payment services in the financial sector by publishing its proposed regulatory regime.

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FIS readies finances for Worldpay separation

Payments Dive

Fidelity National Information Services took an accounting hit against its third-quarter results as it prepares to cast off its Worldpay unit early next year.

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What is order entry automation, and how to implement it?

Nanonets

What comes to mind when you hear "order entry automation"? A bunch of robots whirring away in a warehouse, entering data into databases? While that's pretty close to what order entry automation is, there are a few nuances to consider. Imagine you run a small kitchenware business, and most of your sales orders come from retail stores nationwide.

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TrueLayer's app now available on Shopify App Store

The Paypers

UK-based Open Banking payments network TrueLayer has announced the availability of its payments app in the Shopify App Store.

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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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Trust Payments teams up with Snappy Shopper

The Payments Association

Trust Retail, part of the Trust Payments Group and one of the UK’s leading EPOS suppliers has teamed up with the fastest-growing home delivery app serving convenience stores, Snappy Shopper.

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Cross-border payment headaches burden consumers: Mastercard report

Payments Dive

As international groups examine cross-border payment challenges, consumers and small businesses are worried about the costs and risks associated with sending money or receiving funds internationally.

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Top 5 Challenges and Smart Strategies for FP&A Teams

The Finance Weekly

How to Navigate FP&A Challenges for Enhanced Financial Effectiveness? Modern businesses are struggling with challenges related to their Financial Planning and Analysis (FP&A) teams. These teams need the right data, processes, and tools to plan and analyze effectively. However, the fast-changing business world makes it hard for them to keep up.

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Arta TechFin partners with Chainlink Labs

The Paypers

Hybrid financial platform Arta TechFin has partnered with Chainlink Labs to leverage the latter’s services and deliver fiat-based investment returns to its clients.

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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.