Sat.Dec 02, 2023 - Fri.Dec 08, 2023

article thumbnail

Navigating the embedded finance revolution: Strategies for simplifying legacy bank technology

Payments Next

By Michael Engel, Managing Director & VP Software | Banking, Diebold Nixdorf The race to seamlessly integrate financial services into everyday consumer The post Navigating the embedded finance revolution: Strategies for simplifying legacy bank technology first appeared on Payments NEXT.

article thumbnail

Durbin bashes United Airlines in CCCA fight

Payments Dive

Sen. Dick Durbin took to the Senate floor Thursday to push for a vote on the Credit Card Competition Act, taking a swipe at United Airlines along the way.

article thumbnail

Addressing Threat Prioritization Challenges Within the Financial Payments Industry

Fintech Weekly

At the recent Payment Card Industry Security Standards Council (PCI SSC) Community Meetings in North America and Europe, the premiere conference for everything related to the payment card and financial payment industry, several topics were top of mind for participants and attendees. For instance, many discussions around emerging payment technologies ease assessment across various PCI standards, as well as conversations about the challenges businesses and assessors face in implementing ongoing ch

PCI DSS 147
article thumbnail

Request for Comments: Draft PCI 3DS Core Security Standard v2.0 and Draft PCI 3DS Data Matrix v2.0

PCI Security Standards

From 6 December to 19 January 2024, eligible stakeholders are invited to review and provide feedback on the draft PCI 3DS Core Security Standard v2.0 and draft PCI 3DS Data Matrix v2.0 during a 6-week request for comments (RFC) period.

article thumbnail

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

article thumbnail

What ChatGPT Got Wrong about Top 5 Fintech Trends of 2024

Finovate

I’ve received dozens of 2024 fintech trends prediction pitches in my email inbox over the past month. And while many of them are insightful, I wanted to see what our AI overlord ChatGPT had to say about the matter. My prompt read, “What are your predictions for the top five newest and hottest trends in fintech for 2024?” Here is how the AI responded: Predicting the exact trends for 2024 is speculative, but here are potential emerging trends in fintech: Embedded Finance : Furthe

Metaverse 130
article thumbnail

Tipalti investigating ransomware attack

Payments Dive

The AlphV ransomware group claimed responsibility for the attack on Saturday and threatened to extort the business payments company's customers with allegedly stolen data.

More Trending

article thumbnail

Singapore and China to Begin e-CNY Pilot, Explore Cross-Border Payment Linkage

Fintech News

Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This programme is designed to ease payments for travelers from both countries during their overseas visits. This pilot programme is part of a series of initiatives announced following the 19th Joint Council for Bilateral Cooperation (JCBC) in Tianjin.

article thumbnail

How 3D Secure Works to Protect Consumers and Merchants

Basis Theory

3D Secure ( 3DS ) is an extra layer of protection for consumers when paying by credit card online. The “3D” stands for “3 domains”, because this extra step involves adding a third participant in the process: to the merchant bank and the acquiring bank is added an intermediary layer. In simple terms, when a transaction is sent to 3DS, the consumer must interact with an extra step to confirm their identity - usually a special password entered into an interstitial page - even though they may have c

Consumer 100
article thumbnail

Amex CEO weighs in on Apple card reports

Payments Dive

The card issuer’s premium designation isn’t compatible with all potential card issuing partners, Amex CEO Steve Squeri said Tuesday.

article thumbnail

Samsung pushes mobile wallet take-up with Mastercard partnership

Finextra

Samsung is joining Mastercard's new Wallet Express programme, making it easier for banks and card issuers in the UK to offer their customers the electronic giant's own multi-faceted mobile wallet offering.

Visa 116
article thumbnail

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?

article thumbnail

Fintechs go shopping

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 back and making up for lost time after taking off for Thanksgiving. Here we go! Webull, Yieldstreet and NomuPay […] © 2023 TechCrunch.

FinTech 112
article thumbnail

AI In Europe: What The AI Act Might Mean

Fintech Weekly

AI regulation might prevent the European Union from competing with the US and China.

AI 147
article thumbnail

Amazon drops Venmo users

Payments Dive

Jettisoning Venmo from the retail juggernaut’s marketplace is another strike against PayPal’s recent growth efforts.

Venmo 166
article thumbnail

Cash usage grow for first time in a decade

Finextra

Cash usage in the UK has grown for the first time in a decade as consumers shy away from overspending on plastic payment cards during the ongoing cost of living crisis.

Consumer 119
article thumbnail

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

article thumbnail

NatWest Boxed: The Rise of BaaS – Embracing the Embedded Finance Revolution

The Fintech Times

Amid the ongoing digital revolution and shifting customer preferences, embedded finance is reshaping the financial industry. Banking has transcended its traditional confines, forging innovative partnerships that prioritise convenience and accessibility. Andrew Ellis is the CEO of NatWest Boxed , a partnership between Vodeno and NatWest offering banking-as-a-service.

article thumbnail

Bringing cash to ecommerce: Online retailers set to effortlessly accept cash payments with Monavate and Kasssh

Fintech Finance

As cash payments in the UK rise for the first time in a decade, payments technology and solutions provider Monavate has worked with e-commerce payments innovator Kasssh and recently launched a trailblazing cash payment solution for online shoppers in the UK. E-commerce operators can now tap the previously unaddressable segment of UK consumers who favour cash payments, by effortlessly plugging Kasssh’s solution, developed with Monavate, in their existing payments infrastructure, using newly avail

IBAN 111
article thumbnail

Breaking down payments challenges: Fintechs vs traditional finance

Payments Dive

Leaders are confronting growing challenges across their payment operations.

Finance 158
article thumbnail

Flutterwave secures 13 new money transmission licences in the US

Finextra

Flutterwave, Africa's leading payments technology company, has announced its acquisition of money transfer licenses for 13 U.S. states to enable faster, more affordable, and secure transfer of money from the United States to Africa and back.

Security 113
article thumbnail

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.

article thumbnail

Hub71 Launches ClimateTech Startup Ecosystem to ‘Contribute to a Sustainable Future’ in the UAE

The Fintech Times

Hub71 , Abu Dhabi’s tech ecosystem, has officially launched ‘Hub71+ ClimateTech’, a new ecosystem supporting startups worldwide that are advancing the development and deployment of sustainable decarbonisation technologies for a net zero future. Announced during the 28th UN Climate Change Conference of the Parties ( COP28 ), Hub71+ ClimateTech has launched alongside several founding and anchor partners committed to carbon reduction technologies and fostering innovative regulatory fram

article thumbnail

Airwallex Taps Generative AI to Speed Up KYC, Reduces False Positives by 50%

Fintech News

Payments company Airwallex has introduced a generative AI tool to improve its customer onboarding process. The new tool, which utilises large language models (LLMs), aims to expedite the company’s “Know Your Customer” (KYC) assessments. According to Airwallex, the introduction of this generative AI technology has led to a 50 percent decrease in false-positive alerts during the KYC due diligence phase.

AI 114
article thumbnail

Banked builds a US presence

Payments Dive

The fintech, founded in the U.K. and now building up operations in the U.S., expects its pay-by-bank services for bank clients will eventually lure retailers.

FinTech 103
article thumbnail

Payment decline trends in consumer subscriptions: Strategies to retain customers

Payments Next

By Brian Geier, VP of Business Intelligence, Recurly Insights drive business decision-making, and Recurly has a unique subscription industry perspective. We have The post Payment decline trends in consumer subscriptions: Strategies to retain customers first appeared on Payments NEXT.

article thumbnail

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.

article thumbnail

Exploring Saudi Arabia’s Fintech Renaissance: A Documentary Journey with Riyadh’s Visionary Leaders

The Fintech Times

Saudi Arabia’s fintech sector continues to make significant progress and has hit several milestones as it aims to become a leading global fintech hub. To learn more about the upward trajectory of fintech across the Kingdom, The Fintech Times made its way to Riyadh, the capital and financial centre of Saudi Arabia to speak to key individuals who have already positioned themselves at the heart of change.

FinTech 110
article thumbnail

November 2023 Product Changelog

Basis Theory

This November, Basis Theory introduced several enhancements geared toward expanding our Payment Stack capabilities. With a focus on providing adaptable payment solutions for Merchants and Fintechs, we're excited to unveil significant strides in React Native integration and anti-fraud functionalities.

Product 88
article thumbnail

Where Can I Use My FSA Card?

Payment Savvy

Paying for healthcare expenses out of pocket can be a huge burden, especially if you are dealing with a chronic illness. According to various studies, medical expenses are the leading cause of bankruptcy in the United States. But if you have an FSA card, you can use it to help cover eligible health expenses. What Is an FSA Card? A flexible spending account (FSA) card is a special debit card that allows you to pay for approved healthcare expenses using the pre-tax money you’ve contributed t

Checks 105
article thumbnail

What Will Be the Top Fintech Trend in 2024? Hint: It’s Not AI.

Finovate

When it comes to predicting the next leap in fintech, you have to risk not only getting things wrong , but also being ok with it. So while I could play it safe and predict that the top fintech trend in 2024 will be AI, or industry consolidation, or even growth in the use of buy now, pay later tools, I’m going to step into less charted territory and say that the 2024 fintech buzzword will be quantum computing.

AI 104
article thumbnail

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.

article thumbnail

UK Fintech News Roundup: The Latest Stories 06/12

The Fintech Times

Every Wednesday, we delve into the latest fintech updates from across the UK. This week brings updates from SmartSave, Moneyhub, PayPlan, Littlepay, and Napier. High-street banks leave UK adults short-changed Two-thirds (65 per cent) of UK adults feel that high-street banks have prioritised making profits over passing on higher interest rates to customers in the past 12 months; according to a new survey commissioned by SmartSave , run by Chetwood Financial.

FinTech 105
article thumbnail

Cassandra Goh Set to Lead Silverlake Axis as New Group CEO in 2025

Fintech News

Silverlake Axis, a Singapore-mainboard listed fintech and digital banking solutions provider, has announced a major leadership change. Cassandra Goh Shiou Ling, currently the Deputy Executive Chairman of Silverlake Axis , is set to become the new Group CEO on 1 January 2025. This move comes as part of a transition process, following the decision of Andrew Tan Teik Wei to step down from his role as the current Group CEO at that time.

article thumbnail

Decoding the Importance of NBFC Loan Management Software for Lending Business

Finezza

Non-Banking Financial Companies (NBFCs) are making a behind-the-scene yet significant impact on the Indian economy. Despite not having a traditional banking license, they promote financial inclusion, support economic development, enhance innovation, and deepen financial markets. A report by the Reserve Bank of India (RBI) reveals that the share of NBFCs in the total credit extended […] The post Decoding the Importance of NBFC Loan Management Software for Lending Business appeared first on

article thumbnail

FTC to hold January hearing on ‘click to cancel’ rule

Payments Dive

The Federal Trade Commission is scheduled to hear from six industry organizations concerned about a proposed rule that would crack down on automatically renewing subscriptions.

article thumbnail

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.