Sat.Jan 27, 2024 - Fri.Feb 02, 2024

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PCI DSS v3.2.1 is Retiring on 31 March 2024 – Are You Ready?

PCI Security Standards

With 31 March 2024 rapidly approaching, Lauren Holloway, Director, Data Security Standards, shares some key questions, answers, and resources to help entities successfully transition to PCI DSS v4.0.

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Aldi debuts Grabango checkout tech at Chicago-area store

Payments Dive

The retailer is working with artificial intelligence startup Grabango to offer the service for the first time in the U.S. at a location in the Chicago suburb of Aurora, Illinois.

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PAY360 Conference 2024

Open Banking Excellence

19th - 20th March 2024 Live Event Linkedin Twitter Youtube PAY360 Conference The award winning PAY360 is back! Join the largest gathering of the entire payments ecosystem under one roof. Why PAY360? It is free to attend for the entire payments ecosystem. Our goal is always to be the catalyst for alignment of the various forces in the industry. We programme the disagreeable into an agreeable format through our 2 day conference, ensuring a structured forum for debate amongst all stakeholders.

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Block becomes the latest fintech to lay off workers

TechCrunch Fintech

Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo from CEO Jack Dorsey, obtained first by Business Insider, which states that “the growth of [Block] has far outpaced the growth of … business and […] © 2024 TechCrunch.

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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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Coffee with the Council Podcast: A Panel Discussion from Asia-Pacific Hosted by Yew Kuann Cheng

PCI Security Standards

Hello everyone. Welcome to another edition of our podcast series, Coffee with the Council. Hello from very sunny Singapore. I just enjoyed my cup of coffee. Or locally we will say “Kopi Siew Dai” or "coffee with milk, with less sugar". My name is Yew Kuann, and I'm the Regional VP for PCI Security Standards Council. My role involves driving engagements across Asia-Pacific, and I'm super excited about this very special edition of the podcast.

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Next level AI: Quantum AI

Bank Automation

Graphics processing units on today’s computers can only hold so much capacity — and financial institutions are looking to quantum computing to process ever-growing data sets and turbocharge AI.

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More Trending

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PayPal begins more layoffs

TechCrunch Fintech

PayPal has begun company-wide layoffs, according to multiple reports, including an article published by The Information. It is not yet clear how many people will be affected by the job cuts but one source told TechCrunch it was expected to be in the “thousands.” TechCrunch has reached out to PayPal and will update this story […] © 2024 TechCrunch.

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Klarna directs users to financial management tools with revival of Money Story

Finextra

Without any trace of irony, Klarna is reviving a feature which enables customers to look back on their personal spending history over the past year and get nudges to better money management tools in the app.

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Podcast: AI, RPA, fraud detection, data sharing enhancements in 2024

Bank Automation

Technology and innovations advanced in leaps and bounds in 2023, including enhancements to AI, the introduction of generative AI and investment in data analytics.

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Payday Lending: An Unnecessary Burden on Military Service Members

The Fintech Times

The financial wellbeing of military personnel is often impacted by various challenges, including predatory lending practices, which can have detrimental effects on their credit scores, personal lives and mission readiness. Alex Haig served in the US Army from 2006-11, including multiple deployments to Afghanistan. He currently serves as the vice president of DailyPay’s public sector, overseeing the company’s earned wage access strategic growth plans in the public sector including civil servants

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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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What next for payments in SaaS: Interview with Jack Mangnall

Fintech Review

Shape Technologies is revolutionizing the payments industry with its cutting-edge payments-platform-as-a-service, designed to empower payment service providers globally. Fintech Review sat down with Jack Mangnall, Cofounder of Shape Technologies, a dynamic player in the fintech space. Jack, with his extensive experience in client-facing operations and strong focus on innovative fintech solutions, has played a pivotal role in identifying technology gaps in the payments sector and addressing them

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Mastercard supercharges fraud detection with GenAI

Finextra

Mastercard is turbocharging its fraud detection technology with generative AI that can scan a trillion data points to predict whether a transaction is likely to be genuine or not.

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Adrian Gunadi Steps Down as Investree CEO Amid Misconduct Claims

Fintech News

Indonesian lender Investree ‘s co-founder and CEO Adrian A Gunadi has tendered his resignation, effective 31 January 2024. This move comes amid allegations of misconduct and various challenges faced by the company, as reported by DealStreetAsia. Adrian Gunadi Gunadi’s resignation letter, a copy of which DealStreetAsia has accessed, confirms the irrevocability of his decision and states that he has no further claims against the company.

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UK Government Unveils New Cyber Threat Guidelines as 32% of Firms Suffer Attacks in Past Year

The Fintech Times

Cyber threats should be prioritised as a key business risk like financial and legal challenges, the UK government has urged as it releases new guidelines to help directors and business leaders boost their cyber resilience. Aimed at executive and non-executive directors and other senior leaders, the new Cyber Governance Code of Practice guidelines aim to ensure that cyber threat issues are a key focus for businesses, putting them on an equal footing with other threats like financial and legal pit

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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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Legislative Insanity: Don’t Let Congress Ignore the Facts About the Durbin-Marshall Credit Card Bill

Electronic Payments Coalition

Insanity is doing the same thing over and over again but expecting different outcomes. Nearly 15 years since Congress imposed new mandates on your debit card, Senators Dick Durbin and Roger Marshall are trying to do the same thing to American’s credit cards. Report after report has resoundingly proven that government routing mandates on card payments hurt consumers, small businesses, and community financial institutions.

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FTC, FloatMe reach $3M settlement

Payments Dive

The cash advance provider “lured consumers in with false promises of free money advances,” and then made it difficult for them to cancel, FTC Director Samuel Levine said in a press release.

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One-in-three consumers falling victim to APP fraud - Visa

Finextra

Soaring levels of authorised push payments fraud in the UK are turning consumers off digital banking, according to research conducted by Visa

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Fight fraud in 2024: All you need to know

The Payments Association

Five key takeaways from the 2024 Veriff Fraud Report, with insights compiled after extensive analysis of our global customer data throughout 2023 and showing the real story of what it’s like on the frontline of fighting fraud.

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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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How Subscription Merchants Can Improve Dunning Management

Basis Theory

According to the industry group PYMNTS, failed payments cost subscription merchants as much as 9% - 11% of their revenue. While some of that revenue loss represents customers intentionally taking their business elsewhere, at least 25% to 50% are brought about by circumstance rather than decision - anything from credit card expiration to temporary shortages of funds or credit.

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Mastercard, TCH to enhance RTP network

Payments Dive

The extended partnership between the two companies “focuses on co-development of new real-time payments capabilities,” a spokesperson for The Clearing House said.

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Preventing false declines and failed payments in subscription models

Payments Next

By Rafael Lourenco, EVP & Partner, ClearSale The subscription model is convenient for customers and ideal for businesses that want to build The post Preventing false declines and failed payments in subscription models first appeared on Payments NEXT.

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Visa Interchange Rates 2024: What You Need to Know

Stax

If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. Visa is one of the biggest payment networks in the world, with ~4.2B cards currently in use. So it’s virtually impossible for a business to not accept Visa cards. Visa interchange rates are the fees charged by Visa to process transactions between issuing banks and merchants.

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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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5 Top Payment Trends Impacting Asia in 2024

Fintech News

The Asian payment landscape is evolving rapidly in 2024, driven by advancements in technology, changing regulatory frameworks, and shifting consumer behaviours. This evolution presents a fascinating panorama of trends that are set to redefine the way financial transactions are conducted. Let’s delve deeper into these payment trends in Asia transforming the ecosystem. 2024 trends indicate that regulatory changes are playing a crucial role in shaping the payments landscape in Asia.

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PayPal to cut 9% of workforce to bolster efficiency

Payments Dive

The digital payments company plans to cut about 2,500 jobs, according to multiple news reports, shrinking the company as it seeks to jump-start profitable growth.

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Corporate Mega-Stores Like Walmart and Target Are Driving Inflation New Study Finds

Electronic Payments Coalition

A recent report covered by The Guardian explains how corporate mega-stores, like Walmart and Target, are driving the majority of inflation in the US. Citing new research, the coverage shows more than half of the inflation currently impacting American families can be attributed to the increased profits of America’s largest corporate retailers. The Guardian notes mega-store and large retail brand “executives [bragged] to shareholders about keeping prices high and widening profit margin

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Finvest app will have you invested in US Treasury Bills in minutes

TechCrunch Fintech

Finvest is out to make the purchase, management and selling of U.S. Treasury Bills seamless, while also offering a high-yield cash management account with a 4.4% yield. © 2024 TechCrunch. All rights reserved. For personal use only.

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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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PayPal Ventures Invests in Mesh

PayPal

PayPal Ventures' investment helps to reinforce Mesh's position as a leading player in embedded finance and highlights PayPal's commitment to fostering innovation in the digital payments landscape.

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NY AG sues Citi over denied fraud claims

Payments Dive

“If a bank cannot secure its customers’ accounts, they are failing in their most basic duty,” New York Attorney General Letitia James said in a statement Tuesday.

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Top Funded Fintechs in Singapore 2024

Fintech News

Singapore is often considered fertile ground for startups and in particular fintechs to raise funds. In the first half of 2023, fintech companies in the country secured a total of US$934 million in funding across 84 deals, a far cry from the US$3.3 billion raised during the same period the prior year. Therefore it is not surprising that the top funded fintechs in Singapore in 2024 are also often the top funded fintechs in Southeast Asia.

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Fintech Ramp acquires another AI-powered startup

TechCrunch Fintech

Spend management startup Ramp has acquired AI-powered startup Venue as it expands its procurement offering. Venue was founded in 2022 by TK Kong, Young Kim, and Kevin Chan, and its aim was to “simplify how businesses review, approve, and manage the cost of vendors in use across their company.” The startup raised $1.2 million in […] © 2024 TechCrunch.

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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.