Fri.Jan 03, 2025

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The Majority of Merchants Challenge Fraudulent Chargebacks — But Rarely Win

Fintech Finance

A recent survey conducted by Chargebacks911 , the global chargeback technology leader, revealed that on average, 45% of all chargebacks filed against merchants stem from misuse or outright abusea practice commonly referred to as friendly fraud. Major card networks like Visa and Mastercard say this number can be as high as 75% for some merchants. However, even with up to three-quarters of all chargebacks being reported as illegitimate, merchants only win 18% of cases when appealing chargebacks.

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Fraud unveiled: Key takeaways from merchant roundtable discussion

The Payments Association

Fraud unveiled: Key takeaways from merchant roundtable discussion January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp Whats the article about? A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. Why is it important? It highlights the necessity of advanced fraud detection and greater industry collaboration.

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Doha Bank Launches Visa Commercial Pay: A Step Towards a Cashless Economy

Fintech Finance

Doha Bank , one of the largest private commercial banks in Qatar is set to be the first bank in the market to officially launch VISA Commercial Pay (VCP) and the first Bank in the CEMEA region to introduce the VCP-Mobile Module, in collaboration with VISA for its Corporate Credit Card clients. This initiative aligns with the Qatari Government’s vision of digitalising payments, enhancing electronic banking services, and advancing the shift towards a cashless society.

Economy 98
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Merchants, banks spar over Fed’s debit card fee proposal

Payments Dive

Major trade groups for merchants and banks engaged in another round of fighting last week over whether the Federal Reserve should finalize a lower debit card interchange fee rate.

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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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AstroPay Launches Multicurrency Wallet for Seamless Cross-Border Financial Management

Fintech Finance

AstroPay , a global fintech leader redefining cross-border finance, has announced the launch of its multicurrency wallet, a financial tool designed to simplify how users manage money across borders. The wallet enables individuals to hold, exchange, and transact in multiple currencies through a single secure app. Designed for global citizens, it empowers users to navigate the complexities of international finance, whether traveling, working remotely, or conducting business globally.

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Saudi Arabia Welcomes Money20/20: Tahaluf Discusses Its Role in Riyadh’s Fintech Push

The Fintech Times

As Saudi Arabia continues its journey into a fintech powerhouse under Vision 2030, the arrival of Money20/20 Middle East in Riyadh next year reflects the nations expanding influence on the global financial technology scene. Known as the premier event where the global fintech community converges, Money20/20 has established editions across major financial hubs, including Las Vegas, Amsterdam and Bangkok.

FinTech 72

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Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays

TechCrunch Fintech

Friday, December 27, was supposed to be the start of a relaxing holiday weekend. But it was chaos for thousands of small business owners who use Bench, an accounting and tax startup based in Canada that raised $113 million from investors like Bain Capital Ventures and Shopify. That morning, they found themselves unable to log […] 2024 TechCrunch.

Accounts 130
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Debit card decline issue persists for Affirm

Payments Dive

The buy now, pay later firm has a team working to correct a problem with some customers experiencing debit card declines, the company CFO said in December.

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Frax launches BlackRock backed, Securitize tokenised stablecoin

Finextra

Frax intends to be the US digital dollar and to establish itself as "the world's most innovative decentralised stablecoin and DeFi stablecoin infrastructure.

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Reduce Average Collection Period: Strategies for Success

Paystand

Table of Contents What is the average collection period? What is a good average collection period?

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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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Crypto Payment Gateways: Unlocking the Power of Digital Currency

Finextra

Introduction: The Rise of Cryptocurrency in Payments Cryptocurrencies have evolved beyond investment.

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Eltropy chatbot reduces credit union’s call volume by 20%

Bank Automation

Credit union TruStone Financial is using an automated chatbot from digital conversation platform developer Eltropy to reduce call center volume. Plymouth, Minn.-based TruStone integrated Eltropys chatbot in July, when the $5 billion credit unions staff handled a weekly average of 5,500 conversations with members seeking assistance. Up to 1,000 messages were from members on Monday […] The post Eltropy chatbot reduces credit unions call volume by 20% appeared first on Bank Automation News.

Volume 98
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AstroPay unveils multicurrency wallet

Finextra

AstroPay, a global fintech leader redefining cross-border finance, has announced the launch of its multicurrency wallet, a financial tool designed to simplify how users manage money across borders.

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Finovate Global: An Introduction to Islamic Finance with Musaffa’s Dilshod Jumaniyazov

Finovate

Last year, we published an edition of Finovate Global that featured new developments in Islamic finance. This week’s column will explore further the world of Islamic and Shariah-compliant financial services with Dilshod Jumaniyazov, CEO and co-founder of Musaffa. Launched in 2020 and headquartered in New York, Musaffa offers a comprehensive platform for ethical investing, Halal stock trading, and financial education.

Finance 97
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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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How to navigate the financial frontier and thrive amid industry disruption

Finextra

The financial services sector is undergoing an era of revolutionary change. From the dual pressures.

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‘We The People Establish This Crypto Bill Of Rights For The United States Of America’

The Fintech Times

With Bitcoin’s recent surge past the $100,000 mark, driven by political shifts and regulatory anticipations, investors and regulators are revisiting the need for robust guidelines. Lawrence Wintermeyer, executive co-chair of Global Digital Finance (GDF), a not-for-profit organisation committed to promoting fair and transparent markets for crypto and digital assets, presents a ‘Crypto Bill of Rights’ His proposal, inspired by America’s historical documents, aims to provide

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Oil prices in 2025: Will geopolitical shocks or emerging markets tip the scales?

Finextra

Oil prices began 2025 on a cautiously optimistic note as Brent crude rose to $75.29 a barrel and Wes.

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KBC Integrates Doconomy To Improve Financial Wellbeing and Saving Services

The Fintech Times

European bank, KBC is on a mission to help younger generations to improve their financial wellbeing while also helping them achieve their saving dreams. To help realise this goal, KBC has partnered with Doconomy , the fintech providing banks with innovative tools to drive financial wellbeing, to allow users to set personalised dreams and develop new saving habits.

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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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The Family Office Guide to More Effective AI Investing

Finextra

Recently, artificial intelligence (AI) has come to the forefront as a leading source of investment p.

AI 52
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AI M&A deals expected to climb in 2025

Bank Automation

The growth of mergers and acquisitions of AI-driven technology companies in 2024 is expected to continue in 2025. AI M&A deals this year are expected to fuel corporate strategy, according to CB Insights The Tech Trends 2025 Report. The report, based on the business analytics providers financing and acquisition data, was released in November. […] The post AI M&A deals expected to climb in 2025 appeared first on Bank Automation News.

AI 52
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Exploring the Future of Neo-Banking: Innovations and Trends to Watch

Finextra

The world of neo-banking is rapidly evolving, driven by technological advancements and changing cons.

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ESMA launches selection procedure for bonds consolidated tape provider

Finextra

The European Securities and Markets Authority (ESMA), the EUs financial markets regulator and supervisor, is launching the first selection procedure for the Consolidated Tape Provider (CTP) for bonds.

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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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ING names Debbie Janeczek CISO

Finextra

ING has announced that it has appointed Debbie Janeczek as chief information security officer (CISO), effective 13 January 2025.

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Doha Bank launches Visa Commercial Pay

Finextra

Doha Bank, one of the largest private commercial banks in Qatar is set to be the first bank in the market to officially launch Visa Commercial Pay (VCP) and the first Bank in the CEMEA region to introduce the VCP-Mobile Module, in collaboration with Visa for its Corporate Credit Card clients.

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AstroPay, a global fintech leader redefining cross-border finance, has announced the launch of its m

Finextra

AstroPay unveils multicurrency wallet