VISTA InfoSec
JULY 19, 2024
As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. But not everyone is aware that it all begins with how electronic devices are designed. With the way Printed Circuit Boards (PCBs) are laid out and built, to be precise.
Bank Automation
JULY 19, 2024
Banks, airlines and other organizations using Microsoft have reported down systems across the globe as cybersecurity firm CrowdStrike is suffering from the biggest IT outage in history.
The Fintech Times
JULY 19, 2024
The Monetary Authority of Singapore (MAS) has committed an additional S$100million to support the development of quantum and artificial intelligence (AI) technologies in the financial sector. This investment is part of the Financial Sector Technology and Innovation Grant Scheme ( FSTI 3.0 ) and aims to foster innovation and enhance technological capabilities in finance.
Fintech Finance
JULY 19, 2024
The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. The guidance will ensure that lenders understand their legal obligations to disclose the costs and fees of these credit products to workers.
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.
The Fintech Times
JULY 19, 2024
Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change. Greenwashing , providing incorrect information to the public about the ethical and environmental impact of a firm, was one of the biggest challenges facing fin
Fi911
JULY 19, 2024
Visa chargeback reason codes are a set of codes used by Visa to classify various reasons for chargebacks, which are disputes filed by cardholders against merchants. These reason codes help in categorizing the dispute and determining the appropriate course of action. Each chargeback is associated with a unique 2-to-4-digit alphanumeric reason code issued by the cardholder’s bank, detailing the basis for the dispute.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finezza
JULY 19, 2024
When lenders choose a suitable loan origination software (LOS), it can significantly boost their operational efficiency, improve customer experience while mitigating security risks and providing a competitive edge. According to a 2024 study, loan origination systems that incorporate automated workflows, mobile features, and e-signing capabilities can reduce loan processing times by up to 30%.
Fintech Finance
JULY 19, 2024
Jifiti , a global embedded lending technology company, has announced the release of its Tap Now, Pay Later technology, which enables consumers and business customers to easily add their approved loan or credit funds into any digital wallet, including Apple Pay, via virtual card. The customer can then simply tap their mobile device to pay, as with a regular card transaction, at any point of sale.
Payments Dive
JULY 19, 2024
“We are looking a lot at the convergence of payments and commerce and the extent to which a very big player could use that to shatter that wall between banking and commerce,” the agency’s director, Rohit Chopra, said earlier this month.
Fintech Finance
JULY 19, 2024
Airwallex , the Australia-founded leading financial platform for modern businesses, has become the first major payments company to be granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer businesses access to retail investment products. This is an additional licence from the AFSL that Airwallex has held for its existing payments and foreign exchange business since 2016.
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
The Payments Association
JULY 19, 2024
Waitrose is working with Trust Retail, a Trust Payments company, to implement a new system which will further improve store availability and free up Partner time for customer facing activities.
Fintech Finance
JULY 19, 2024
A global payments technical issue caused The Bank of England ‘s CHAPS payment system yesterday (Thursday 18th July) to fail leaving a large proportion of time-sensitive and high-value payments delayed. According to The Bank of England in February 2021, the average daily value of CHAPS payments was £341 billion, and the bank-to-bank payments system is used by individuals who are buying expensive items like a car or to paying a deposit on a house.
The Payments Association
JULY 19, 2024
Trust Payments, a fintech leader driving truly innovative customer commerce solutions, has agreed a new deal to power payouts provided by Danish payments gateway firm Freepay, part of the Freeway group.
Finextra
JULY 19, 2024
At EBAday 2024, Renata Vilanova Lobo, Head of Global Clearing, J.P. Morgan Payments, explores the cross-border impact of SEPA on European and global interoperability and why ISO 20022 is crucial for financial institutions. There is an urgency for financial institutions to transition because of deadlines, but also due to the great benefits this change can bring to the industry, being the biggest change in payments in the last 30 years.
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.
The Payments Association
JULY 19, 2024
Card issuer processors face integration, compliance, and fraud challenges but can stay competitive by streamlining processes and enhancing customer experiences.
The Paypers
JULY 19, 2024
Crowdstrike , a cyber security solutions provider, has been facing an outage, with users in several countries around the world being affected by the issue.
The Payments Association
JULY 19, 2024
The Trust Retail partnership with Pennies and independent pharmacy chain Well was named the winner of the Retail Charity Partnership of the Year at the Retail Systems Awards last night (19 June 2024).
Bank Automation
JULY 19, 2024
Fifth Third Bank applied legacy practices to its digital account opening process, which has led to regulatory scrutiny. The Consumer Financial Protection Bureau alleged that the Cincinnati-based bank opened fake accounts in its customers’ names and used a cross-selling strategy to boost its product and services sales, according to a CFPB July 9 release.
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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?
The Payments Association
JULY 19, 2024
In today's fast-evolving digital landscape, the choices organisations make regarding their customer experience are crucial. Whether you're designing a new card program or enhancing an existing one, your digital wallet strategy will significantly impact your user experience and relevance in the market. Planning to launch a digital wallet anytime soon?
Payments Dive
JULY 19, 2024
The big bank’s payments unit and Y Combinator were among investors providing $65 million in financing for the business-to-business upstart this month.
Fintech Finance
JULY 19, 2024
One Inc , the leading digital payments network for the insurance industry, has announced that Selective Insurance , a leading business, home, and auto insurer, has selected One Inc’s ClaimsPay® digital payment solution. The ClaimsPay digital payment system revolutionizes how individuals receive claim funds by leveraging popular payment platforms such as Venmo and PayPal for quick and direct transfers.
Payments Dive
JULY 19, 2024
The card giant expects to expand the network beyond its pilot markets, Los Angeles and Chicago.
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
The Fintech Times
JULY 19, 2024
A zombie company is a firm which is making just enough to cover its overheads but not enough to pay off its debts or invest in growth. According to research from global management consultancy, Kearney , the number of zombie firms across the globe has increased by nine per cent since 2010. In 2023 alone, Kearney identified 827 new zombie companies, as the new total reached 2,370.
Finovate
JULY 19, 2024
This week’s edition of Finovate Global looks at recent fintech developments in Brazil. Brazilian fintech Matera raised $100 million in funding from U.S. investor Warburg Pincus. The investment gives Warburg Pincus a majority stake in the firm, and is designed to help fuel Matera’s expansion into North America. A key part of Brazil’s PIX instant payments ecosystem, Matera offers core banking, instant payments, and QR code payment technology to more than 250 banks, credit unions,
Finextra
JULY 19, 2024
Airwallex, the Australia-founded leading financial platform for modern businesses, has become the first major payments company to be granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer businesses access to retail investment products.
Nomentia
JULY 19, 2024
As companies in Germany expand both regionally and globally, the need for effective and efficient payment processing becomes increasingly critical. While many organizations may not initially seek a " payment hub ," they soon recognize the benefits the tool can provide for centraliz ing and streamlin ing payment processes.
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.
Finextra
JULY 19, 2024
Banks and card payment systems are among the victims of the worldwide tech outage on Microsoft platforms.
The Fintech Times
JULY 19, 2024
Global video game commerce company, Xsolla , has unveiled a number of new launches and milestones, as well as an acquisition, as it looks to enhance its influence across a larger region and help developers unlock enhanced revenue and increase conversion rates. Xsolla has expanded its payment solution across Southeast Asia, East Asia, and Pacific markets.
Finextra
JULY 19, 2024
Cboe Clear Europe, the largest pan-European clearing house, has successfully participated in the Eurosystem’s recent exploratory work testing the use of new technologies for the settlement of wholesale transactions in central bank money. The experiments specifically aim to explore the potential of distributed ledger technology (DLT).
The Fintech Times
JULY 19, 2024
To become a globally renowned crypto exchange, a firm must have a presence in the EU. Especially as, according to research from triple-a.io, the crypto payments institution, there are over 44 million crypto users in the region. However, exchanges operating within the EU must now comply with the Markets in Crypto-Assets (MiCA) regulation which involves having a hub approved by the European Union.
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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