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Merchants around the world use the Payment Card Industry Data Security Standard (PCI DSS) to safeguard payment card data before, during, and after a purchase is made. The standard is intended for all entities involved in payment card processing, including merchants, processors, acquirers, issuers, and service providers. As of 31 March 2024, the PCI Security Standards Council (PCI SSC) officially retired PCI DSS v3.2.1.
J.P. Morgan is joining French payments network Cartes Bancaires, Mike Lozanoff, managing director and global head of merchant services at J.P. Morgan, tells Bank Automation News on this episode of “The Buzz” podcast. The bank is tapping cloud-based Renovite to build the connection to the network, Lozanoff says.
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.
Insurtech firm Igloo has teamed up with TrueMoney , Thailand’s e-payment and financial services provider, to offer insurance products directly through the latter’s application. Through the TrueMoney app, customers can now purchase a range of insurance products, including critical illness coverage from ThaiVivat Insurance, personal accident insurance from Dhipaya Insurance, and hospital benefit insurance from Tokio Marine Insurance.
Indonesia’s Financial Services Authority (OJK) has introduced a Digital Resilience Guide aimed at bolstering the resilience of Indonesia’s banking industry in the digital age. This initiative is part of OJK’s ongoing efforts to guide banks through the digital transformation process outlined in the 2022 Banking Digital Transformation Blueprint.
Indonesia’s Financial Services Authority (OJK) has introduced a Digital Resilience Guide aimed at bolstering the resilience of Indonesia’s banking industry in the digital age. This initiative is part of OJK’s ongoing efforts to guide banks through the digital transformation process outlined in the 2022 Banking Digital Transformation Blueprint.
MSIG Insurance has partnered with intermediary Embed Global to streamline the business insurance purchasing process for SMEs via WhatsApp. This initiative marks MSIG’s second venture into using a WhatsApp chatbot to automate insurance quotations. The new system allows SME clients to quickly obtain insurance coverage by interacting with a chatbot that guides them through the process.
The National Bank of Egypt (NBE), in collaboration with Mastercard, has unveiled the Touch Card, a groundbreaking payment solution designed to empower customers with visual impairments.
Jonny Fry, head of digital assets strategy at ClearBank and chief executive of TeamBlockchain, will be featured in a fireside chat at Bank Automation Summit Europe 2024 on Monday, Oct. 7, at 2:15 p.m. GMT +1. The summit takes place Oct.
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
Global losses to payment fraud have surged to $48 billion USD in 2023, and payment companies around the world are under more pressure to leverage new and existing technology to tackle this problem. Experts at leading chargeback technology platform Chargebacks911 report that AI is one of the key drivers to combat emerging payment threats and prevent disputed transactions.
A mix of Thai and regional business groups, including SeaMoney Thailand, SCB X, CP Group, Gulf Energy, and VGI, are preparing to apply for virtual bank licences from the Bank of Thailand, according to the Bangkok Post. SeaMoney Thailand, a digital financial services provider under Singapore’s Sea Group, is among those vying for a licence. The company currently offers payment and lending services through ShopeePay and SPayLater in Thailand, and its parent company operates MariBank, a digita
The Bank of England is working with the BIS Innovation Hub London centre on a project that will explore how technology can enhance the analytical use of ISO 20022 data to shed light on economic conditions, system liquidity and compliance
CFPB Director Rohit Chopra said in a blog post that the agency will not fine companies making a good faith effort to follow regulations treating buy now, pay later loans like credit card transactions. His remarks follow significant industry pushback.
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.
This article explores innovative strategies that can transform KYB (Know Your Business) checks from a routine compliance requirement into a strategic asset for Payment Service Providers (PSPs) in the Asia-Pacific region. We explore how leveraging advanced technologies and optimising processes not only enhances the efficiency of KYB checks but also significantly boosts PSPs' competitive edge.
In today’s digital age, more and more consumers are shopping online. With that, it’s no longer possible for merchants to check ID or signature to ensure that the person making a purchase is who they say they are. This has led to an increased need for security measures to protect both merchants and customers. One solution to counter this problem is 3D Secure Authentication. 3D Secure is a fraud prevention solution with an added layer of security that helps protect buyers and merchants
Nearly 43 million people in the United States received benefits from the Supplemental Nutrition Assistance Program (SNAP) in 2023, totaling almost $154 billion. All of that funding was distributed via Electronic Benefit Transfers (EBT), which are payments processed like debit card transactions.
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?
Matt Komorowski has been appointed as the Chief Revenue Officer (CRO) of fintech company myPOS, following its acquisition by Advent International. With over a decade of experience in the payments sector, including senior roles at PayPal and Volt.io, Matt will focus on driving revenue growth and strengthening myPOS’ position as a leading payments provider in Europe.
A few years back, you had to pay for your ride home or food delivery using cash or card. Today, you don’t even have to exit the app. Everything is done under one platform. And it’s all thanks to embedded finance and embedded fintech. Embedded finance isn’t entirely a new concept. Airline credit cards, payment plans for costly items, and car rental insurance are forms of embedded finance that have been around for a while.
Money movement company TerraPay has formed a 'Wallet Interoperability Council' with five leading payment operators to facilitate interconnection in cross-border transactions.
Gather Federal Credit Union has selected credit underwriting platform Zest AI to reduce fraudulent activity during the loan origination and decisioning process. AI-driven Zest Protect can help financial institutions fight identity fraud and identify fake documents during the loan procedure, Adam Kleinman, head of strategy and client success at Zest AI, told Bank Automation News.
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
Digital consultancy company Zaelab has announced its collaboration with Shopify , intending to merge their solutions and knowledge to offer B2B commerce solutions globally.
Citi has struck a referral agreement with Dubai-based Network International to offer the bank's corporate clients omnichannel payments services in the Middle East and Africa.
Online merchants based in Nigeria can now accept American Express payments through Africa-based payments technology firm, Flutterwave. American Express card members will now be able to make payments to e-commerce businesses using Flutterwave in Nigeria, with plans to expand the service to Flutterwave merchants in the likes of Tanzania, Rwanda, Ghana and Uganda in the near future.
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.
Insurtech Igloo is joining forces with TrueMoney , a Thailand-based e-payment and financial service provider, to make essential insurance products available via the TrueMoney application, enhancing accessibility, affordability and convenience for users. By leveraging the TrueMoney platform, Igloo plans to extend the reach of essential insurance products to the underserved and those residing in remote areas, helping to bridge the protection gap.
Standing as the number one business priority for Nu in 2024, Mexico has proven to be a savvy choice in the company’s international expansion strategy: one year after the launch of Cuenta, the company has already surpassed 8 million customers in the country and $3.3 billion in deposits.
Global cryptocurrency exchange Binance is joining forces with the Macau Judiciary Police to launch a joint anti-scam campaign to increase risk awareness and reduce the risk of fraud in the digital space. Via the new anti-scam campaign, Binance and the Macau Judiciary Police plan to enhance users’ awareness of online fraud and reduce their risks of being scammed by building tailored anti-fraud alerts into our system.
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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