Thu.Jun 13, 2024

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Apple adds BNPL offerings from rivals

Payments Dive

The tech giant will allow installment plans from Affirm, as well from certain debit and credit cards, onto Apple Pay alongside its own BNPL service.

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Digital pound would not require new POS systems - BofE

Finextra

Existing point-of-sale terminals in the UK could be used to initiate digital pound payments, according to research from the Bank of England.

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Startup offers ‘credit-building’ debit cards for Gen Z

Payments Dive

Startup Fizz is marketing itself as a company helping college students build credit and manage daily spending.

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Wells Fargo fires employees for 'simulating' keyboard activity

Finextra

Wells Fargo fired several employees for faking work by using "mouse jigglers" to simulate computer activity, according to Bloomberg.

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Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

Speaker: Jason Cottrell and Gireesh Sahukar

Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.

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Most Singapore Government SMSes Will Come from ‘gov.sg’ Starting July

Fintech News

The Singapore government is set to introduce a unified SMS Sender ID, gov.sg, for all its agencies starting 1 July 2024. This initiative aims to streamline government communications by ensuring all SMSes from government bodies come from the single Sender ID, gov.sg, instead of multiple individual IDs. The new system is designed to help the public easily recognise legitimate government messages and protect against impersonation scams.

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How Multimodal User Interface will redefine customer experience

Finextra

A Multimodal User Interface (MUI) is a revolutionary system that transforms our daily interactions w.

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BVNK Launches US Dollar Payments via Swift, Enabling Global Businesses to Access Its Stablecoins Services

Fintech Finance

BVNK , the stablecoin payments provider, announced today that it has enabled Swift payments on its platform, so businesses can move easily between US dollars, Euros and stablecoins like USDT, USDC and PYUSD. With these new capabilities, BVNK customers can tap into more efficient global settlement and do business with global partners more easily: Payment service providers (PSPs) and fintechs facing increasing demand to move money faster globally, can send US dollars or Euros to the BVNK platform,

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Nacha’s Payments Innovation Alliance Observes World Elder Abuse Awareness Day with New Resources to Combat Financial Exploitation of Older Americans

NACHA

Nacha’s Payments Innovation Alliance Observes World Elder Abuse Awareness Day with New Resources to Combat Financial Exploitation of Older Americans bjaffe@nacha.org Thu, 06/13/2024 - 08:15 Image Media Elder Financial Abuse Prevention Checklists for FIs.

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Paytiko Expands to Dubai, UAE

Fintech Finance

Paytiko , a leading provider of payment management solutions, proudly announces its expansion to Dubai, United Arab Emirates. The new office, strategically located at Thuraya Telecommunications Tower, marks a significant milestone in Paytiko’s journey to better serve merchants and collaborate with payment processors in the Middle East. The office, situated at Floor 12 – 35WF+Q99 – Thuraya Telecommunications Tower, P.O.

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May 2024 Changelog

Basis Theory

Managed Connections: Orchestrating Payments We are happy to announce the launch of Managed Connections, which allows merchants to switch between payment processors through our Payment Orchestration APIs seamlessly. With dozens of connections already live and many more coming soon, merchants can increase payment flexibility, reliability, and acceptance rates through payment orchestration flows.

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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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Global Digital Payments Platform CleverCards Announces €8M Funding Round, Bringing Total Capital Raised to Date to €28M

Fintech Finance

CleverCards , the global digital payments platform, has today announced an €8m capital raise, including an investment from Pluxee , a global player in Employee Benefits and Engagement, and an additional investment from existing investors. The investment stands out in the current capital markets impasse and brings CleverCards’ total funding to date to €28m.

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How to Create Complaint Cash Discount Signage in Your Business [TEMPLATE INCLUDED]

Stax

Are you looking to offer cash discounts to customers to incentivize them to use cash instead of credit or debit cards? A cash discount program can help your business reduce expenses on processing fees for card transactions, and there are guidelines you must follow to ensure you are implementing the program the right way. One of the most important requirements is cash discount signage, which will be the focus of this article.

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Muse Finance Partners With Xero and Allianz Trade to Launch New BNPL Service, musePay

Fintech Finance

Muse Finance , a leading financial technology company, is excited to announce the launch of musePay, its Buy Now, Pay Later (BNPL) integration with global small business platform, Xero. This integration is also supported by Allianz Trade, the global leader in trade credit insurance and a recognised specialist in the areas of surety, collections, structured trade credit and political risk.

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Santander to take in-house-built tech platform global

Finextra

As it rolls out a cloud-based in-house-built technology platform in the US, Spanish banking giant Santander is already planning to introduce the system around the world.

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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.

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Flexys Partners With Acquired.com to Offer a Market-leading Debt Collection Payment Experience

Fintech Finance

Acquired.com, the next-generation payments business focused on powering recurring commerce, and Flexys , a leading UK-based collections management technology provider, are pleased to announce their new partnership. Flexys’ cloud-based software empowers their clients to work more efficiently, using powerful automation and digitisation. As specialists in their field, Flexys is aiming to redefine the collections technology industry through their real-time platform which provides 24/7 digital custom

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Judge paves way to end JPMorgan-Viva Wallet valuation dispute

Finextra

The legal tussle between JPMorgan and the founder of Viva Wallet over the Greek payments firm's valuation appears to have been settled by a UK judge.

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EBANX Obtains ISO/IEC 27701:2019 Certification and Reinforces Its Commitment to Data Privacy

Fintech Finance

EBANX , a global technology company specializing in payment services for emerging markets, has achieved the top international certification for Privacy Information Management Systems (PIMS), ISO/IEC 27701:2019. This certification ensures that the best practices available in the market for protecting data privacy are being strictly followed. This certification is an extension of ISO/IEC 27001, which deals with information security and was previously obtained by EBANX in 2019. “Achieving thi

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Multiple jurisdictions commit to crypto tax rules

Finextra

Joint Statement by: Armenia, Australia, Austria, Barbados, Belgium, Belize, Brazil, Bulgaria, Canada, Chile, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Netherlands, Norway, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, the United Kingdom, and the United States of America; the Crown Dependencies of Guernsey, Je

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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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Inside look: Fiserv University tech training

Bank Automation

Technology provider Fiserv is expanding its training offerings to clients through Fiserv University, which launched in May. “Many institutions are under pressure to do more with less, which requires a highly efficient and well-trained staff,” Dudley White, president of core account processing solutions at Fiserv, told Bank Automation News.

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Wise shares dip on forecast for slower income growth

Finextra

Shares in Wise fell more than 10% on Thursday after the money transfer firm forecast slower annual revenue growth.

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AI helping JPMorgan analysts check likeability

Bank Automation

NEW YORK — JPMorgan Chase is deploying AI to help investors research the likeability and growth trajectory of companies. The $3.

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The Future is Bright for London’s Fintech Scene: Fintech Week London Round-up

The Fintech Times

Fintech Week London returns for a 4th year running, celebrating London’s innovative fintech scene. Held at the Park Plaza Victoria London , the flagship conference brings together insightful speakers from across the industry, as well as over 1000 senior decision makers from leading fintechs, banks, investment firms, regulatory bodies, media companies and service providers.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Paxos lays off 20% of staff

Finextra

Digital assets outfit Paxos has laid off 20% of its staff, according to a Bloomberg report.

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Mastercard Aims to Simplify E-commerce Payments: Tokenisation Will Be the Sole Solution by 2030

The Fintech Times

When shopping online, a failed payment can be enough to abandon a cart altogether. Sometimes this is the merchant’s fault, however, a mistyped payment card by the consumer can also cause frustration. One solution to this is tokenisation, and Mastercard , the payments giant has expressed it believes this is the way forward for e-commerce. So much so, by 2030, it aims 100 per cent e-commerce tokenisation.

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Achieving financial growth through payments data analytics

The Payments Association

Utilising payments data analytics can drive financial growth by enhancing services, reducing costs, and improving security, though it requires overcoming challenges in data management, integration, and fraud prevention.

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CFPB moves to ban medical bills from credit reports

Finextra

The Consumer Financial Protection Bureau (CFPB) has set out plans to remove medical bills from most credit reports

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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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Physical or digital banking? Why not both?

The Payments Association

Combining digital innovations with traditional in-person services allows banks to provide a seamless experience that leverages the convenience of digital services and the personal touch of physical interactions.

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Fintech Awards London 2024 Winners Revealed

The Fintech Times

Allica Bank, PensionBee and Accenture’s FinTech Innovation Lab were among the winners at this year’s uplifting Fintech Awards London 2024 , an annual celebration of fintech professionals and companies in London and the UK. The Awards, organised by recruitment firm Recruit 121 , lit up The Underglobe, beneath the iconic cultural landmark of Shakespeare’s Globe Theatre, in London on Wednesday 12 June 2024, with glow sticks aplenty raised in the air.

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Accelerating the Future of Cashback: Market Projected to Hit $108 Billion by 2025

Finextra

In the age of widespread online shopping, cashback has emerged as an effective strategy for attracti.

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Paymob: Real-Time Revolution – How MENA is Leading the Rise of Instant Payments

The Fintech Times

The transaction volume of payments in the Middle-East and Africa region is set to almost quadruple by 2027 ($2.6billion) from its value in 2022 ($675million). This increase is being largely spearheaded by Egypt, Saudi Arabia and the UAE, but how? Mostafa Menessy , co-founder and CTO of MENA-based fintech company, Paymob breaks down the different technological advancements and initatives that are enabling the MENA region to take such a front running position in fintech and payments development.

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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