Sat.Mar 23, 2024 - Fri.Mar 29, 2024

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Protecting Customer Data: Key Principles Every Company Should Know

VISTA InfoSec

In the digital age, protecting customer data is a cornerstone of trust and reliability between a company and its consumers. As cyber threats loom larger and data breaches become more frequent, safeguarding sensitive information cannot be ignored. Companies that excel in data protection comply with stringent regulations and gain a competitive edge by building solid relationships with their customers.

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PCI DSS v4: What’s New with Self-Assessment Questionnaires

PCI Security Standards

With the upcoming retirement of PCI DSS v3.2.1 on 31 March 2024 , organizations will be transitioning to new validation documents for their PCI DSS v4 assessments. In this Q&A with PCI Security Standards Council’s Director of Data Security Standards Lauren Holloway, we look at some of the key changes in the PCI DSS Self-Assessment Questionnaires (SAQs) for version 4 and what organizations using SAQs need to know.

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Visa, Mastercard reach landmark credit card settlement

Payments Dive

The two biggest U.S. card networks agreed to cap interchange fees for five years, among other terms, to settle merchant litigation that has lasted nearly two decades.

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EU banks worried about 'unrealistic' instant payment deadlines

Finextra

A third of EU banks do not currently offer an instant payments service and the majority have been discouraged by the January 2025 deadline, according to recently published research.

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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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Robinhood’s new credit card goes after Apple Card with ability to invest cash-back perks

TechCrunch Fintech

Eight months after acquiring credit card startup X1 for $95 million, Robinhood announced today the launch of its new Gold Card, with a list of features that could even give Apple Card users envy. Robinhood, better known for its brokerage app aimed at the everyday investor, is touting all sorts of benefits with its new […] © 2024 TechCrunch. All rights reserved.

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Spotlight On: HUMAN Security, a New Principal Participating Organization

PCI Security Standards

Welcome HUMAN Security, a new Principal Participating Organization (PPO) at the PCI Security Standards Council! In this special spotlight edition of our PCI Perspectives Blog, HUMAN Security’s Senior Director of Product Management, Client-side Defense & Compliance Jeff Zitomer introduces us to his company and how they are helping to shape the future of payment security.

More Trending

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Swift hails results of CBDC connector testing

Finextra

Swift says a new round of sandbox testing has found that its central bank digital currency interlinking technology can enable financial institutions to carry out a wide range of transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.

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Non-sexy industries can appeal to investors too

TechCrunch Fintech

Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at some hot fintech startups in Africa, how Mint’s closure has been Copilot’s gain and why VCs have doubled down on a particular expense management startup. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday […] © 2024 TechCrunch.

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Coffee with the Council Podcast: A Reflection on 40 Years in the Payments Industry

PCI Security Standards

This episode of Coffee with The Council is brought to you by our podcast sponsor, Galix. Welcome to our podcast series, Coffee with The Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today, I am joined by Lance Johnson, who has been the Executive Director of The Council for more than six years and a member of the payments industry for more than 40 years.

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Private plaintiffs follow DOJ’s Apple antitrust case

Payments Dive

The follow-on class actions are substantively similar to the federal government’s case, making them dependent on the agency’s lead in breaking the company’s smartphone stranglehold.

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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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Asset managers embracing AI but need to go further - survey

Finextra

While almost all asset managers are already using artificial intelligence (AI) in their investment process, only a handful are using the tech for more advanced tasks, according to a recently published study.

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The digital pound: A critical analysis of its evolution and future

The Payments Association

Conversations around a digital pound are growing louder as the weeks roll by. With use cases popping up around the globe, is it time Britain followed suit? In a similar fashion to the way coins largely made way for banknotes, digital currency is the next natural progression in the evolution of money, whether consumers like the idea of it or not.

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ZaloPay and CIMB Bank Roll out Fixed Deposit Offering to Simplify Savings

Fintech News

Vietnamese e-wallet ZaloPay and CIMB Bank , a highly regarded bank in Southeast Asia, recognising the challenges posed by the global economic downturn, have partnered to offer a new fixed deposit product in Vietnam amidst significant labour market issues. The unemployment rate for young adults aged 15-24 is at a high of 7.62%, compared to the overall average of 2.28%, and labourers’ wages have stagnated at around VND 7.1 million (approximately US$ 280).

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Walmart can end Capital One end card tie early, judge says

Payments Dive

It won’t be easy for Walmart to find a new partner to replace Capital One, though, said Brian Riley, co-head of payments at Javelin Strategy & Research.

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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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Visa and Mastercard reach $30bn interchange fee settlement with merchants

Finextra

After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with US merchants lowering and capping credit card interchange rates in a deal that could save the merchants $30 billion over five years.

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Maju Kuruvilla is out as CEO of one-click checkout company Bolt

TechCrunch Fintech

Maju Kuruvilla is no longer CEO of one-click checkout company Bolt. He is replaced by Justin Grooms, Bolt’s global head of sales, who is now interim CEO, according to Grooms’ LinkedIn profile. Kuruvilla didn’t have much to say about the change but did confirm it both on LinkedIn and X, by posting, simply “One-Click Checkedout […] © 2024 TechCrunch.

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Shaping the Future of Finance Through Open Banking

The Fintech Times

Open banking and open finance promise significant benefits for consumers and businesses alike. But what do firms need to do to ensure they make the most of the next future of finance? Here, Mark Horwood-James , managing director of personal finance technology at Moneyhub , the data and payments fintech, explains how open finance is changing the way business leaders approach tech investment.

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DOJ calls Apple card fees ‘significant expense’ for banks

Payments Dive

The tech giant’s fees for credit card transactions “cut into funding for features and benefits that banks might otherwise offer smartphone users,” the Department of Justice said in suing the company earlier this month.

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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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Banks told to expand risk management to cover AI

Finextra

A report from the US Treasury has called on banks to bolster their risk management frameworks in order to avoid being overwhelmed by AI-powered fraudsters and cybercriminals.

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Helping Credit Unions Compete: Our Conversation with TruStage’s Laurie Winger

Finovate

As part of Finovate’s commemoration of Women’s History Month, our Women in Fintech column features Laurie Winger, Chief Financial Officer with TruStage. Formerly known as CUNA Mutual Group, TruStage is a financial services company that provides insurance, investment, and fintech solutions to individuals and businesses. Winger has been praised by colleagues as a visionary and results-oriented, cross functional leader.

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How Insurers Leverage Fintech Solutions to Bridge the Digital Divide: Tapoly, FICO, SageSure, bolttech, Mylo, Planck

The Fintech Times

This March, The Fintech Times is shifting its spotlight towards insurtech, exploring the potential impact of blockchain technology on insurance processes and its role in instilling trust in digital transactions. As insurers strive to meet the evolving needs of a digitally-savvy customer base while addressing the persistent challenge of financial inclusion, they are increasingly turning to fintech solutions.

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Dwai Reveals How Trust Bank Singapore is Winning Customers Over

Fintech News

In the dynamic arena of fintech, Trust Bank Singapore stands out as a pioneering entity, marking a significant shift in the digital banking landscape under the leadership of banking veteran Dwaipayan Sadhu, commonly referred to as Dwai. Within a span of less than two years, Trust Bank has carved a distinct identity, positioning itself as a trendsetter in Singapore with its unique ecosystem offering, and illustrating a blueprint for its own path in digital banking.

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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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Russia-linked fintechs hit with US sanctions

Finextra

The US government has imposed sanctions on 13 fintechs for offering crypto-based services to Russian firms looking to evade the economic restrictions in place since the outbreak of war in Ukraine.

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JPMorgan seeks embedded payments niches

Payments Dive

The biggest U.S. bank aims to offer embedded payments software solutions in more industries for its corporate clients.

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Which Regions are Leading the Charge in Insurtech Innovation and Why?

The Fintech Times

This March, The Fintech Times is shifting its spotlight towards insurtech, exploring the potential impact of blockchain technology on insurance processes and its role in instilling trust in digital transactions. From established hubs like Silicon Valley and London to burgeoning markets in Asia-Pacific and Latin America, a convergence of regulatory support, technological prowess, access to capital and entrepreneurial culture is fueling the evolution of insurtech solutions.

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Synctera is the latest banking-as-a-service startup to lay off staff

TechCrunch Fintech

Banking-as-a-service startup (BaaS) Synctera has conducted a restructuring that has resulted in a staff reduction, the company confirmed to TechCrunch. While Synctera did not share how many employees were impacted, a report in Fintech Business Weekly pegs the number to be about 17 people, or about 15% of the company. Doing the math, that means […] © 2024 TechCrunch.

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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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Chase wealth planning tool draws millions of users

Finextra

JPMorgan Chase says its free Wealth Plan digital money coach has helped customers create more than a million personalised plans in just a year since launch.

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Singapore Continues Suspension to Safeguard Remittances to China

Fintech News

The Monetary Authority of Singapore (MAS) has announced an extension to the ongoing suspension affecting remittances to China. This suspension, now extended until 30 September 2024, pertains to the use of non-approved channels by remittance companies for transferring funds to the People’s Republic of China (PRC). The initial decision to halt these specific transactions came after instances where remittance sent to China were being unexpectedly frozen in the recipient’s bank accounts,

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Qonto Launches ‘Pay later’ Financing Solution to Tackle Access to Finance Issues for European Firms

The Fintech Times

Qonto , the European business finance solution, has launched a new in-house financing solution, ‘Pay later’, extending its product offering and strengthening its market leadership as the most advanced business banking offer. Leveraging its existing payment service licence, Qonto is providing short-term financing in the form of ‘Pay later’, which gives eligible customers instant access to funds of up to €10,000, directly from the Qonto app.

Finance 105
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The Silent Costs of a Traditional Financial Close (and Why It’s Time To Modernize)

FloQast

About the Author: Katie Thomas, CPA, is a content creator, 2021 & 2022 40 under 40 CPA Practice Advisor recipient, Top 50 Women in Accounting recipient, and the owner of Leaders Online, where they help accounting professionals increase their impact, influence, and income through thought leadership and digital marketing. Feel free to visit Leaders Online or connect with her on LinkedIn to get in touch with Katie.

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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.