Sat.Mar 09, 2024 - Fri.Mar 15, 2024

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Banking apps fall short on fraud protections: report

Payments Dive

Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.

Scams 183
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Open Energy is Open for Business

Open Banking Excellence

A look at four of Australia’s Open Energy use cases While the world has taken Europe’s lead on Open Banking, Australia started with an economy-wide approach informed by the Consumer Data Right (CDR), which implemented economy-wide Open Data. It started with Open Banking, moved onto Open Energy and is now taking aim at other industries too. Australia’s Open Energy programme went live with 20 energy providers in November 2023, and the use cases are starting to take shape.

Use Case 147
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Request for Comments: PCI Secure Software Standard v1.2.1?

PCI Security Standards

From 11 March to 11 April, eligible PCI SSC stakeholders are invited to review and provide feedback on the currently published version of the PCI Secure Software Standard during a 30-day request for comments (RFC) period.

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JPMorgan plans major roll out of biometric payments

Finextra

JPMorgan Chase is planning a broad roll out of biometric payments with US retailers by early next year, enabling shoppers to make purchases by scanning their palms or faces.

Payments 133
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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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Visa spends ‘billions’ battling cybersecurity threats

Payments Dive

“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.

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‘Banking-as-a-Service’ startup Griffin raises $24M as it attains full banking license

TechCrunch Fintech

Founded by former Silicon Valley engineers, UK-based Griffin Bank, has now raised $24 million (£19 million) in a fresh, extended Series A, funding round. © 2024 TechCrunch. All rights reserved. For personal use only.

FinTech 131

More Trending

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MPE 2024: What will be the impact of a digital euro?

Finextra

At the Merchant Payments Ecosystem 2024 conference in Berlin, Evelien Witlox from the European Central Bank (ECB) presented a keynote on the possibilities of a digital euro.

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CFPB warns of ‘dangers’ on standards for open banking

Payments Dive

“We know dangers exist when more powerful players weaponize industry standards,” Consumer Financial Protection Bureau Director Rohit Chopra said in advance of finalizing an open banking rule later this year.

CFPB 161
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Why does every startup want to help you get paid?

TechCrunch Fintech

Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at the piping hot global payroll space, neobank Dave’s financial results and related stock boost, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:30 a.m. PT, subscribe here. The big story […] © 2024 TechCrunch.

Payroll 123
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Bridging the Banking Divide: The Rise of E-wallets in the Philippines

The Fintech Times

Not so many years ago, Filipinos had to visit bank branches or ATMs to transfer money and manage their accounts. A complex set of geographic and institutional barriers, including the fragmentation of Filipinos across over 7,000 islands, and low levels of financial literacy, are also hampering the use of financial services. Here, Imran Vilcassim , global solutions lead of digital platforms for BPC , explains how e-wallets are helping to bridge the gap for millions of Filipinos previously excluded

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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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SAP launches open payments framework with leading PSPs

Finextra

SAP has launched an open payments framework for merchants to tap into numerous third-party payment service providers with just a few clicks, including the likes of Stripe, Adyen, WorldPay and Airwallex.

Payments 124
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JPMorgan to launch biometric checkout next year

Payments Dive

The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.

Payments 204
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Stripe’s growth continues to impress as total payment volume tops $1T

TechCrunch Fintech

The company says it was cash flow positive in 2023, and plans to be again in 2024. With $8.7 billion in venture capital it likely means it has little to no need to raise more before it goes public. © 2024 TechCrunch. All rights reserved. For personal use only.

Volume 112
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Wert Collaborates With Worldpay to Enhance Inclusivity in the Web3 Ecosystem

The Fintech Times

Wert , a payment solution provider facilitating fiat payments in the Web3 space, has broadened its card acceptance capabilities in collaboration with payment processor Worldpay , encompassing the inclusion of JCB, American Express, and Discover cards within its integrated payment system. By accessing the extensive Worldpay network, Wert now supports JCB, Discover and American Express (Amex) cards for holders across 198 countries worldwide.

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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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MPE 2024: What does a smart city look like?

Finextra

In a keynote presentation at Merchant Payments Ecosystem 2024 in Berlin, Hemlata Narasimhan, president of Elavon explored what a smart city could look like in 2030, using Venice, Italy as a case study.

Payments 124
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Klarna’s IPO prospects grab spotlight

Payments Dive

The BNPL provider’s CEO has suggested the company could IPO “quite soon,” but fintech investors expect the market will first want to see a stronger track record of profitability.

BNPL 103
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4 Things Banks Need to Know about the EU AI Act Passed Today

Finovate

The EU Parliament approved the Artificial Intelligence (AI) Act today. Member states agreed upon the regulation in December 2023. Today, members of the European Parliament endorsed the act, with 523 voting in favor, 46 voting against, and 49 abstaining from the vote. It’s no secret that AI is a double-edged sword. For every positive use case, there are multiple ways humans can use the technology for nefarious purposes.

AI 111
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UBS to Reduce Staff in Wealth Management Division Across Asia

Fintech News

UBS Wealth Management, the arm of UBS dedicated to handling affluent clients, has commenced a significant restructuring within its Asian sector. This initiative, primarily affecting its operations in Hong Kong and Singapore, is set to reduce its workforce by approximately 70 individuals. This decision emerges amidst a challenging financial climate that has adversely impacted the profitability of one of the region’s foremost wealth management entities.

Advisors 107
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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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MPE 2024: Tokenisation in the ecommerce space

Finextra

In a panel discussing tokenisation, panellists Suzana Kordumova, product manager at Netcetera, Stephan Hackenberg solution sales director at Giesecke+Devrient, Matteo Gamba, head of product - global payments and fraud at Wayfair, and John Noltensmeyer CISO at Tokenex spoke on network tokenisation and what tokenisation can do for merchant payments.

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Fintech founder backs Google, Apple

Payments Dive

“It’s easy for giant app companies to pick fights with Apple and Google, but when billionaire companies fight about who gets richer, it’s usually the little guy that loses,” writes CashEx’s CEO.

FinTech 97
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February 2024 Product Changelog

Basis Theory

In February, the engineering team spent our time working on big picture items as well as granular bug fixes to improve platform performance. Read on for details of how we launched 3DS beta, released React Native Version 1.0, and improved platform performance in February.

Product 88
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OCBC Supports Women-Led Startups with Up to S$100,000 Financing

Fintech News

OCBC Bank has unveiled a SME programme set to launch in April 2024, aimed specifically at supporting women entrepreneurs in Singapore. The OCBC Women Entrepreneurs Programme offers a targeted approach to financing, enabling female-owned SMEs to expedite their business goals. Notably, startups led by women are eligible for up to S$100,000 in financing within their initial two years, with loan processing fees waived.

Finance 105
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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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MPE 2024: How are merchants implementing AI in payments?

Finextra

At the Merchants Payments Ecosystem conference 2024, Chairwoman Anna Maj moderated the session ‘Next-Generation Technologies for Merchant Payments’, speaking to a panel of experts including Bartosz Skwarczek of GZA Capital Group, Galit Shani-Michel from Forter, Bono van Nijnatten from ASOS Payments, and Francesco Burelli of Arkwright Consulting. Maj questioned the panelists on how AI is being used in merchant payments and where AI can take their companies in the future.

AI 122
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BlueSnap’s Ultimate List of Digital Payment Methods for Global Businesses

BlueSnap

Does your eCommerce business have enough payment methods to satisfy everyone? Check your offerings against this complete list. The post BlueSnap’s Ultimate List of Digital Payment Methods for Global Businesses appeared first on BlueSnap.

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Bridging the gap: Reinventing global correspondence in emerging markets amidst the decline of traditional banking relationships

The Payments Association

Exploring innovative solutions to address the challenges and opportunities in global financial connectivity as traditional correspondent banking relationships diminish.

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Visa teams with SAP’s Taulia on embedded payments

Payments Dive

The card network giant wants to simplify payment processes for chief financial officers, accounts payable staff and procurement professionals, via the new tie.

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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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GoCardless to buy Nuapay from EML Payments

Finextra

GoCardless is creating a full-service bank payments provider through the acquisition of open banking business Nuapay from Australia's EML Payments in a deal worth €32.75 million.

Payments 119
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Understanding Merchant Identification Numbers: A Quick Guide for Banks

Fi911

A merchant identification number, or MID, plays a pivotal role in facilitating smooth and secure payments. For banks and their merchant clients, grasping the intricacies of MIDs is crucial for guaranteeing that transaction processes run smoothly while upholding stringent security measures. A MID is a unique code assigned to merchants by their acquiring bank or payment processor.

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“Big Bang” Bank Upgrades Spell Trouble, Mambu Makes Case for Incremental Change

Fintech News

Core banking systems serve as the backbone of financial operations and customer interactions for banks worldwide. They facilitate critical transactions like loan management, withdrawals, and deposits in real-time. However, maintaining such a system comes at a hefty cost. Financial institutions (FIs) are spending up to US$100 billion annually on technology to remain competitive.

APACS 101
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PayPal may axe straggler business units

Payments Dive

On the fringes of the digital payment pioneer’s two main businesses are some in a third category that could be jettisoned this year, CEO Alex Chriss said last week.

PayPal 88
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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.