Payments Dive

JULY 8, 2024

A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

Federal Reserve 193

Federal Reserve Payments 193

Open Banking Excellence

JULY 9, 2024

Kazakhstan Sets Open API-Driven Strategy Towards 2025 Goal Open Banking stands at a critical juncture in early 2024 with markets both big and small set to start or continue their journeys. Here in Kazakhstan, we are moving ahead with our transformation that we see as critical for modernising the country’s financial sector by 2025 following a successful pilot project at the end of last year.

API 147

API Payment APIs and Integration Participant Regulations 147

Stax

JULY 9, 2024

It’s no question that the world has been digitally transformed — both in business and in life. We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. Physical wallets are phasing out, left behind in favor of digital wallets and other digital payment options. All you need to use a digital wallet is a smartphone.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PCI Security Standards

JULY 10, 2024

The PCI Data Security Standard (PCI DSS) has long included requirements for external vulnerability scans conducted by PCI Approved Scanning Vendors (ASVs), and these requirements have also been included in prior versions of some Self-Assessment Questionnaires (SAQs). For PCI DSS v4.x, requirements for external vulnerability scans performed by an ASV were added to SAQ A to help address common breaches that are targeting SAQ A merchant environments at alarming rates.

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PCI DSS Breach Assessments Data Security 130

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

Payments

Payments Dive

JULY 12, 2024

The U.S. is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.

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TechCrunch Fintech

JULY 9, 2024

Evolve has confirmed that the personal data of at least 7.6 million people was accessed during LockBit's ransomware attack. © 2024 TechCrunch. All rights reserved. For personal use only.

Ransomware 135

Ransomware Data Breach Breach Cybersecurity 135

PCI Security Standards

JULY 9, 2024

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. In this episode, we'll meet three Qualified Security Assessors, or QSAs. A QSA company is a data security firm certified by the Council to perform on-site assessments of a company's PCI Data Security Standard compliance.

Security 113

Security Procedures Data Security Assessments 113

Payments Dive

JULY 11, 2024

The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.

Digital Currency 158

Digital Currency Bitcoin Cryptocurrency 158

Bank Automation

JULY 12, 2024

Citigroup’s multiyear modernization strategy saw progress in the second quarter as the bank’s tech investments proved more necessary after the Federal Reserve Board penalized the bank this week. “We have made meaningful progress in executing our transformation and simplifying our multiyear undertaking,” Chief Executive Jane Fraser said during the $2.

Federal Reserve 126

Federal Reserve 126

Finextra

JULY 8, 2024

Crypto wallet provider Tangem is partnering with Visa on the launch of a payment card that will be integrated with the Swiss firm's self-custodial hardware wallet.

Payments 135

Payments 135

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Use Case

Fintech News

JULY 8, 2024

Citigroup Inc. has laid off about 500 employees as part of a global restructuring effort, as reported by The Straits Times. The bank now has about 8,000 full-time and contract employees in Singapore, down from 8,500 in October. This reduction aligns with Citigroup ‘s broader strategy to “streamline its operations” by cutting management layers and roles concentrated in the Asia Pacific region.

Facilitators 126

Facilitators Governance Government Continuity 126

Payments Dive

JULY 9, 2024

Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.

Settlement 148

Settlement Visa 148

Bank Automation

JULY 8, 2024

ConnectOne Bank invests in technology that generates data to boost efficiencies, but the systems are only beneficial if employees use them consistently. For example, the $9.8 billion Englewood Cliffs, N.J.

Origination 126

Origination Automation Technology 126

Fintech Finance

JULY 12, 2024

Cross-border payments are becoming increasingly important to international economies. Around 63% of global consumers use international real-time payments (RTPs) services to send money to family and friends and 51% use them only to pay for goods and services, according to the 2024 Financial Services Consumer Survey* conducted by GlobalData , a leading data and analytics company.

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Cross-Border Real Time Payments Cross-Border Payments Cross-Border Settlement 132

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

Best Practices

Fintech News

JULY 9, 2024

A new report by global payments firm Airwallex and Skift Research reveals that 66 percent of travel companies worldwide are experiencing reduced profit margins due to outdated payment systems. The study indicates that 90 percent of these companies plan to prioritise upgrades to payment and financial operations systems over the next year. The report, based on a survey conducted in April 2024 with 473 travel executives from seven global markets, highlights that 70 percent of travel companies find

Cross-Border Payments 128

Cross-Border Payments Cross-Border Payments Participant 128

Payments Dive

JULY 12, 2024

Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.

Instant Payments 173

Instant Payments Payments 173

Bank Automation

JULY 11, 2024

NEW YORK — Rocket Mortgage is working with Amazon Web Services to deploy generative AI-driven tools to make its customer relations team and internal operations more efficient.

AI 122

AI 122

Finextra

JULY 11, 2024

Named AWS App Studio, financial institutions, fintech firms and virtually any organisation are now able to build an application that could have taken a professional developer days to create from scratch, but in minutes.

Professional Development 114

Professional Development AI FinTech 114

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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.

Payments

The Fintech Times

JULY 9, 2024

Swipesum, a payment processing consultancy, and Authorize.net, a Visa solution, are collaborating with 4aGoodCause, an online donation platform, to improve customer support and streamline payment processes for nonprofits. This partnership will offer organisations on the 4aGoodCause platform flexible payment options, enhanced fraud detection, and dedicated payment support.

Fraud Detection 114

Fraud Detection Consulting AI Process 114

Payments Dive

JULY 10, 2024

The retailer’s customers will still have six payment options after the change takes effect in about a week.

Checks 158

Checks Payments 158

Fintech News

JULY 7, 2024

As Southeast Asia’s digital economy continues to surge, businesses are seeking robust technological solutions to support their growth. The region is emerging as the world’s most rapidly expanding online market, with a staggering 125,000 new users gain access to the Internet each day. Projections suggest that the burgeoning ASEAN digital economy will contribute an additional US$1 trillion to the regional Gross Domestic Product (GDP) over the coming decade.

Database 117

Database Economy On-Demand Innovation 117

Finextra

JULY 11, 2024

Jade City, which is pioneering the tokenisation of Jade, has completed a pre-seed funding round of $300,000 and is now conducting a seed round with a target of $1.2m. Their real-world asset platform will launch later in 2024, offering the first global marketplace for jade-backed digital assets.

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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.

Payments

The Fintech Times

JULY 8, 2024

Global venture funding experienced an upward trend for the second consecutive quarter, climbing eight per cent quarter-over-quarter to $65.7billion in Q2 2024. Despite this increase, the number of deals continued to decline, marking the ninth straight quarter of decreases with only 6,230 deals. This figure represents less than half the deal volume recorded at its peak in Q1 2022.

AI 114

AI Volume Continuity Accounts 114

Payments Dive

JULY 10, 2024

Fresh off its biggest acquisition ever, Payroc is pressing ahead with more acquisitions and preparations for an initial public offering.

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Bank Automation

JULY 8, 2024

Bank Automation Summit Europe 2024 is delighted to announce a strategic partnership with DIGITALEUROPE, the leading trade association representing digitally transforming industries in Europe. This partnership aims to amplify the impact of both organizations in driving innovation and excellence in European banking and digital sectors. Bank Automation Summit Europe 2024, scheduled for Oct.

Automation 105

Automation Innovation AI 105

Finextra

JULY 10, 2024

Consumers and businesses sent $1 billion in instant payments on June 28 over the RTP® network, a single day record for the largest instant payments system in the United States, operated by The Clearing House.

RTP 111

RTP Instant Payments Consumer Payments 111

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AI

Fintech Finance

JULY 11, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced the completion of a Swiss Interbank Clearing (SIC) instant payments readiness project. Using Finastra’s cloud-based Service Bureau offering, Swiss banks can seamlessly transition to facilitating instant interbank payments. It is expected that the 50 largest banks must be able to facilitate instant interbank payments in Switzerland and Liechtenstein by August this year.

Instant Payments 113

Instant Payments Facilitators ISO 20022 Message Standards 113

Payments Dive

JULY 11, 2024

The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow payments system.

RTP 88

RTP Federal Reserve FedNow Credit Union 88

NFCW

JULY 9, 2024

CONSUMER PREFERENCE: Customer demand is driving the uptick in contactless card shipments: Nine in ten of the 3.2bn smart payment cards and modules shipped in 2023 included support for contactless payments “as consumers in all markets embrace touch free payments and tap-to-pay goes mainstream”, the Smart Payment Association reports. Total shipments of smart payment cards and modules were up from 2.6bn in 2022, the trade body’s annual review of its members’ smart payment c

Contactless Payments 97

Contactless Payments Payments On-Demand CHIPS 97

Finextra

JULY 7, 2024

Visa and Mastercard have committed to keep a cap on tourist card fees in place for another five years, says the European Commission.

Caps 130

Caps Visa 130

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.

Continuity