Mon.Sep 09, 2024

article thumbnail

New Information Supplement: PCI DSS Scoping and Segmentation Guidance for Modern Network Architectures

PCI Security Standards

The PCI Security Standards Council (PCI SSC) has published a new Information Supplement:  PCI DSS Scoping and Segmentation Guidance for Modern Network Architectures. This document was produced by the 2023 Special Interest Group (SIG), the members of which provided their extensive payment security expertise and technical knowledge around best practices, guidance, and real-world scenarios for applying PCI DSS scoping and segmentation techniques in a variety of modern network architectures.

PCI DSS 199
article thumbnail

3 ways open finance empowers community financial institutions to modernize their payments infrastructure

Payments Dive

How open finance enables efficient and secure technology, greater flexibility, and scalability.

Finance 144
article thumbnail

HSBC Reportedly Considering Merger of Commercial, Investment Banking Units

Fintech News

HSBC Holdings is reportedly considering a major overhaul of its operations, exploring the merger of its commercial and investment banking divisions, Bloomberg reports. This comes as new CEO Georges Elhedery explores plans to streamline operations by cutting layers of middle management This potential restructuring, spearheaded by Elhedery, aims to streamline the banking giant’s structure and eliminate redundancies, ultimately reducing costs.

Duplicate 134
article thumbnail

Thunes and Commercial Bank Kyrgyzstan | MBANK Forge Strategic Alliance to Transform Cross-Border Payments in the Silk-Road Region

Fintech Finance

Thunes , the Smart Superhighway for money movement around the world, is proud to welcome OJCS “Commercial Bank Kyrgyzstan” | MBANK as a Member of the Thunes Direct Global Network. This collaboration allows MBANK to connect businesses and individuals in Kyrgyzstan directly to over 7 billion mobile wallets and bank accounts around the world, to make payments in real-time in over 130 countries and 80 currencies in a faster, more convenient, and reliable way.

article thumbnail

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.

article thumbnail

How Digital Identity is Powering Southeast Asia’s Financial Revolution

Fintech News

Digital identity represents a major shift in how we interact with the digital world, paving the way for enhanced user experience and security. There has been much progress, evolving from the usage of mere passwords and usernames to more sophisticated security markers like biometrics and those that use AI technology. In the Asia Pacific region, governments are at varying stages of maturity when it comes to digital identity.

Deepfake 128
article thumbnail

CMA confirms full completion of Open Banking Roadmap, unlocking a new era of financial innovation 

Open Banking

Open Banking Limited (OBL) is pleased to announce that the Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking. This milestone, building on the “substantial completion” announced in 2023, means that all nine banking providers mandated by the CMA under the Retail Banking Market Investigation Order (the CMA Order) have successfully completed the Roadmap and associated required functionality to offer the full suite o

More Trending

article thumbnail

NFCW to dive deep into the future of NFC and contactless with new research service

NFCW

iOS 18.1: Developers will be able to offer NFC services that make use of the iPhone’s secure element Ten years ago today, the NFC industry collectively popped open the champagne to celebrate Apple’s launch — finally — of the first iPhone to include support for NFC. Now, a decade on, Apple has taken its first steps towards fully opening up access to the iPhone’s NFC functionality.

Research 113
article thumbnail

Finture Secures US$30M in Series B Funding to Expand YUP Credit Platform

Fintech News

Fintech startup Finture , which operates the credit payment platform YUP , has secured US$30 million in its Series B funding round. The funding was led by Hong Kong’s MindWorks Capital, with participation from XVC, SWC Global, Richen Pioneer, and Antao Capital. The funds will be used to support the platform’s expansion across Southeast Asia and efforts to obtain a banking license in Indonesia.

Security 120
article thumbnail

Adyen’s Intelligent Payment Routing Achieves 26% Cost Savings and Improves Payment Performance on US Debit Transactions

Fintech Finance

Adyen , the global financial technology platform of choice for leading businesses, today announced Intelligent Payment Routing for US debit payments, the only AI-based solution in the market that simultaneously optimizes and improves revenue and lowers costs. In a pilot of over 20 enterprise merchants — including eBay, 24 Hour Fitness, Microsoft, among others — Adyen achieved an average of 26% cost savings with a 0.22% uplift in authorization rates against earlier debit performance.

article thumbnail

Judo Bank’s Lending Business Now Powered by Thought Machine

Fintech News

Judo Bank, Australia’s SME-focused challenger bank, has successfully transitioned its lending business to Thought Machine ‘s Vault Core platform, a cloud-native core banking system. This transition marks a major step in Judo Bank ’s efforts to modernise its operations with more flexible and scalable technology. The project began in 2023, following Judo Bank’s decision to partner with Thought Machine after a comprehensive search for a vendor capable of supporting its growth.

article thumbnail

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

article thumbnail

How to Match Vendor Item Codes to Inventory in NetSuite: A Step-by-Step Automation Guide

Nanonets

Matching vendor item codes to your own inventory is an annoying (but necessary) task that often comes up in NetSuite - especially when you're working with standardized inventory that's available with multiple suppliers, or when your purchasing department is sourcing from multiple locations. When processing such vendor bills, the invoice coding stage becomes very manual and time-consuming; AP teams often end up having to call the vendor/check with purchasing, or make some assumptions th

article thumbnail

5 Fintech Companies from the Nordics Making Waves in Asia-Pacific

Fintech News

Asia-Pacific (APAC) is home to one of the world’s fastest-growing fintech ecosystems in the world, featuring prominent players such as China’s Ant Group, India’s Paytm, and Australia’s Airwallex. This vibrant ecosystem includes over 40 fintech unicorns, highlighting the region’s significant role in the global fintech landscape. Despite the strong presence of local fintech leaders, APAC countries are attracting fintech solutions from the Nordics.

APACS 117
article thumbnail

Japanese banks pilot stablecoin-based cross-border payments

Finextra

Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments.

article thumbnail

Income Now Offers Hourly Travel Insurance for 19 Asian Destinations

Fintech News

Income Insurance has launched FlexiTravel Plus , touted as Singapore’s first travel insurance offering hourly coverage for travelers to 19 destinations across Asia. The plan, an expansion of the previous FlexiTravel Hourly Insurance, extends coverage beyond Batam, Bintan, and Malaysia to include Brunei, Cambodia, Indonesia, Laos, Myanmar, the Philippines, Thailand, Vietnam, Australia, China, Hong Kong, India, Japan, Korea, Macau, New Zealand, Sri Lanka, and Taiwan.

Caps 113
article thumbnail

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.

article thumbnail

DailyPay Rebrands Its Card, Adding New Merchant Cash Back Offers

Fintech Finance

DailyPay , a worktech company and leading provider of earned wage access, is rebranding its “Friday by DailyPay Visa® Prepaid Card,” launching the ‘DailyPay Visa® Prepaid Card.’ The newly rebranded DailyPay Card adds additional capabilities to DailyPay’s existing suite of money movement services to help meet the needs of employees on their financial wellness journey.

article thumbnail

Nium Pushes IPO to 2026 Following Prolonged CFO Search

Fintech News

Singapore’s Nium, a cross-border payments platform, has postponed its anticipated US initial public offering (IPO), shifting the timeline by more than a year to the end of 2026. Prajit Nanu Bloomberg reports that this allows Nium to focus on expanding its operations and strengthening its leadership, as revealed by co-founder and CEO Prajit Nanu. Originally slated for the second quarter of 2025, the decision to delay the IPO came after the company struggled to secure a new chief financial officer

article thumbnail

Join the Prestigious PAY360 Awards: Celebrating Excellence in the Payments Industry

Fintech Finance

The PAY360 Awards , the pinnacle of recognition in the payments industry, is set to take place on October 2nd 2024, at the elegant JW Marriott Grosvenor House Hotel in London. As the sector’s premier event, the PAY360 Awards celebrates innovation, excellence, and achievement across the global payments ecosystem. Organized by the The Payments Association (TPA), the PAY360 Awards are a testament to the dynamic and rapidly evolving landscape of payments.

article thumbnail

SDAX Secures US$50 Million in Series B2 Funding

Fintech News

Singapore’s digital asset exchange ( SDAX ) has secured US$50 million in its Series B2 funding round, led by Oman-based Muscat Precious Metals Refining Company LLC (MPMR). This latest round follows the company’s previous US$18 million Series B round in 2021, which included investors such as PSA International, Straits Trading Company, and New Horizon Global.

Security 113
article thumbnail

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?

article thumbnail

TrueLayer Expands Partnership with Stripe to Power New Pay by Bank Feature in the UK

Fintech Finance

TrueLayer , Europe’s leading open banking payments network, today announces an expansion to its partnership with Stripe. TrueLayer now underpins Stripe’s Pay by Bank offering across its payments products in the UK. In May, Stripe unveiled Pay by Bank —a new payment method enabling merchants to accept payments directly from customers’ bank accounts, streamlining the payment process and reducing transaction fees.

article thumbnail

The fintech CEO who is becoming a frequent flier with SpaceX

Payments Dive

On Jared Isaacman’s second trip to space, the billionaire plans to become the first private spacewalker. Shift4 investors will need to follow space news to learn about it.

FinTech 97
article thumbnail

1 in 5 Canadian Businesses Experienced Payment Fraud in the Past 6 Months

Fintech Finance

A new study from Payments Canada reveals that Canadian businesses have a higher rate of payment fraud compared to Canadian consumers at 20% versus 13%, respectively, although the types of fraud were similar for both segments. Impersonator fraud, originating from a phone call, message or email that appears to be from a trusted business source (25%), intercepted business e-Transfers (22%) and credit card fraud (20%) were the most common types of fraud.

article thumbnail

Amazon provides checkout tech at universities, stadiums

Payments Dive

The company said it expects to place its automated checkout technology at more venues in 2024 than in any year previously.

article thumbnail

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

article thumbnail

FinMont Announces Partnership with Leading Cross-Border Payments Specialist, Inpay

Fintech Finance

Global payment orchestration platform FinMont has announced a new partnership with Danish Payments Service Provider Inpay. The new alliance will allow FinMont to incorporate Inpay’s global banking network into its own payments ecosystem, expanding Finmont’s global reach and speeding up cross-border disbursement times for the benefit of its international travel merchants.

article thumbnail

The Critical Role of Merchant Processing in a Successful Business Exit Strategy

Evolve Payment

Table of Contents Leaders rarely have a destination in mind when they embark on the entrepreneurial journey. An idea exists of how to grow a team, implement a new strategy, and even have some fun along the way. It is not uncommon for a founder to start seeing their role at their company as having a finish line and wondering, “What’s next?” Exiting a business can sometimes be considered the pinnacle of a founder’s career, representing years of hard work, strategic growth, and relentle

Process 95
article thumbnail

JST Digital Obtains In-Principle Approval for a Major Payment Institution Licence from MAS

Fintech Finance

JST Digital , a global financial services firm specializing in digital assets, has announced that its Singapore subsidiary, JST Digital & Technology Pte. Ltd. (“JST Singapore”) has received an in-principle approval for a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) to provide digital payment token service.

article thumbnail

API maturity: new survey reveals the state of enterprises today

Axway

A new report explores API maturity by surveying 600 senior IT and line-of-business decision-makers through the lens of four key areas of focus: security, governance, monetization, and productization.

API 52
article thumbnail

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.

article thumbnail

Primer Appoints Ex-Amazon, Microsoft Leader Alex Mallet As Chief Technology Officer

Fintech Finance

Primer , the unified infrastructure for global payments, today announced the appointment of Alex Mallet as its new Chief Technology Officer (CTO). This strategic appointment demonstrates Primer’s commitment to developing robust and cutting-edge infrastructure for its global customer base. With over 25 years’ experience in the tech sector, Mallet brings with him a wealth of experience from previous tenures at Microsoft, Amazon, and more recently, Berlin-based logistic startup, Forto, where he was

article thumbnail

POS System Costs: Understanding the Investment for Your Business

National Processing

National Processing POS System Costs: Understanding the Investment for Your Business We believe in being transparent with business owners and giving the most detailed information to guide you on payment processing. So, this article provides the clearest breakdown of (point-of-sale) POS system costs you will find. It gets right to the point.

article thumbnail

Consumer Giant LG Offers Direct Sales with Payfast by Network

Fintech Finance

Consumer product giant LG has opened its first-ever direct-to-consumer ecommerce store in South Africa, with online payment solution leader Payfast by Network supporting seamless transactions. This is the first time that LG products will be available for purchase directly to consumers rather than through a third-party retailer. “We are immensely proud to be supporting a brand of LG’s calibre in their first ecommerce venture.

article thumbnail

Fintech trends to keep an eye on for 2025

The Payments Association

Trust Payments provides businesses with secure, modern payment solutions to adapt to evolving fintech trends such as digital wallets and mobile payments.

FinTech 88
article thumbnail

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