Fri.Feb 02, 2024

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Aldi debuts Grabango checkout tech at Chicago-area store

Payments Dive

The retailer is working with artificial intelligence startup Grabango to offer the service for the first time in the U.S. at a location in the Chicago suburb of Aurora, Illinois.

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Coffee with the Council Podcast: A Panel Discussion from Asia-Pacific Hosted by Yew Kuann Cheng

PCI Security Standards

Hello everyone. Welcome to another edition of our podcast series, Coffee with the Council. Hello from very sunny Singapore. I just enjoyed my cup of coffee. Or locally we will say “Kopi Siew Dai” or "coffee with milk, with less sugar". My name is Yew Kuann, and I'm the Regional VP for PCI Security Standards Council. My role involves driving engagements across Asia-Pacific, and I'm super excited about this very special edition of the podcast.

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BILL Taps Adyen to Deliver Acquiring and Issuing Experiences

Finovate

BILL has selected Adyen to offer advanced acquiring and issuing experiences for its accounts payable and accounts receivable solutions. The company has integrated Adyen’s card issuing tools into its virtual card offering. Formerly known as Bill.com, the company rebranded to BILL in 2022. Small business financial automation solutions provider BILL unveiled this week it has selected payments technology platform Adyen to offer advanced acquiring and issuing experiences for its accounts payabl

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Payments companies’ job cuts may not be done

Payments Dive

PayPal, Block and Brex all started cutting employees in January in pursuit of efficiency and profits.

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6 Innovative Strategies for Mastering Merchant Services Sales

Ready to boost your game and stand out in the competitive world of merchant services sales? Discover 6 innovative strategies that will help you rise above the crowd, from leveraging tech trends and perfecting referral programs to harnessing the power of testimonials and pop-up events. Learn how educating clients can turn you into a trusted advisor and uncover the secrets of building community ties that cement your reputation as a market leader.

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Bank of England governor Andrew Bailey embraces AI - BBC

Finextra

Governor Andrew Bailey confirms House of Lords' view that the AI technology should be seen as a positive, rather than a risk to business.

AI 105
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Why Discover went all-in on open source

Payments Dive

The card network’s tech leadership eased the product development process, removing barriers to innovation and opening pathways for engineers to advance.

More Trending

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Emburse chases large customers

Payments Dive

The expense management company plans to pursue bigger clients that offer a better value proposition, said new CEO Marne Martin.

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Apple reports record revenue from payments, cloud services

Bank Automation

Apple reported record payments and cloud revenue that contributed more than 19% of the tech giant’s overall revenue growth. Revenue from the services, which include iCloud and Apple Pay, was $23.1 billion in its fiscal first quarter, up 11.3% year over year, according to the company’s earnings statement released Feb. 1.

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BP adds new way to pay for fuel

Payments Dive

Customers can redeem uChoose Rewards points for up to 50 cents off at about 7,000 of the gas company’s fueling locations.

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Banks in Talks to Finance $13 Billion DocuSign Buyout Deal

Bank Automation

Several Wall Street banks including JPMorgan Chase & Co. and Bank of America Corp. have held talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. that values the company at around $13 billion, according to people with knowledge of the matter. Jefferies Financial Group Inc.

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How To Craft Your Perfect Retail Tech Stack

Speaker: Jason Cottrell and Brian Walker

The era of all-in-one platforms is over. Now, retail success depends on integrating a blend of diverse technologies to thrive. As customers and stakeholders expect agility and innovation, how can you meet these expectations efficiently without stumbling into complexity? Explore a customer-centric approach to navigating digital transformation in retail.

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FOMO Pay and Klasha Combine Efforts to Ease Cross-Border Payments Between Africa and Asia

The Fintech Times

Asia-based digital payment and digital banking solutions provider, FOMO Pay , is strategically partnering with Klasha , the global cross-border payment company, to power cross-border payments between Africa and Asia. FOMO Pay links up with Klasha, now that Asia has firmly established itself as Africa’s predominant trading ally. Recent studies reveal that Asia accounts for over 40 per cent of Africa’s exports and imports; drastically increasing the importance of facilitating cross-border tr

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Paytm shares plummet on RBI curbs

Finextra

Indian payments giant Paytm has seen its shares price drop 20% for the second day running - knocking around $2 billion off its market value - after its banking business was hit with strict curbs by the RBI.

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OpenUK Calls for UK Government to Take Advantage of ‘Key Opportunity’ by Backing AI Innovation

The Fintech Times

OpenUK , a not-for-profit organisation representing the UK’s open technology sector, has officially released its ‘ State of Open 24 Phase One Report: AI and Open Innovation ‘, calling for the UK government to embrace the country’s position as an open source leader, and build a pro-innovation approach to AI, open source and open innovation.

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AWS clients double down on cloud

Bank Automation

Amazon Web Services’ clients are leaning into the cloud for innovation and adding more workload tasks to the cloud. Since the third quarter of 2023, AWS has added “more than $1.1 billion of revenue,” Amazon Chief Financial Officer Brian Olsavsky said during AWS’ fourth-quarter earnings call on Feb.

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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Fingular expands in India under TrustPaisa

The Paypers

Singapore-based Fingular has announced its expansion in India under the brand name TrustPaisa , offering local customers its suite of digital financial services.

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Banorte launches bineo, the first completely digital bank in Mexico

Finextra

Chairman of Grupo Financiero Banorte, Carlos Hank Gonzalez, has launched bineo, the first fully digital bank in Mexico.

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Finovate Global Mexico: Banorte’s Digital Bank, Amazon’s BNPL Partnership with Kueski Pay

Finovate

This week in Finovate Global we take a look at some recent fintech developments in Mexico. First up is news that Grupo Financiero Banorte has launched Mexico’s first fully digital bank, bineo. The company noted that it hopes to add 2.8 million new customers in the next five years. “The launch of bineo is a great milestone in the history of Grupo Financiero Banorte that will allow us to meet all needs: those who prefer a human-digital combination and those who seek 100% digital bankin

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WPay Launched by Wirex to Eliminate Decentralised Payment Issues

The Fintech Times

Customers who have struggled with decentralised payment issues such as custody risks, and slow, expensive settlements have been provided with a solution by Wirex , the Web3 money app. The solution, ‘WPay’, ensures users have a smoother and more secure payment experience. Targeting decentralised applications, non-custodial wallets, and DAOs, WPay provides a transformative solution in the digital finance landscape.

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Maximizing Success as an Independent Sales Agent: The Value of a Payment Partner

Maximize success as an independent sales agent with a supportive payment processor partner. This article reveals the challenges agents face with uncooperative processors, like slow responses and lack of support, leading to missed opportunities. Discover how a supportive partnership can transform your success, offering extensive training, marketing materials, and ongoing support.

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TSB to shutter branches and cut jobs in cost saving exercise

Finextra

In response to news reported by Sky, TSB have provided comment to Finextra after Sabadell CEO Cesar Gonzalez-Bueno was questioned about a £29 million provision set aside for restructuring within the UK bank.

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Tymit launched a new credit card programme in partnership with Harley-Davidson Financial Services

Fintech Finance

Tymit , the next-generation instalment programme provider, has announced the launch of a new partnership with Harley-Davidson® , the world’s most iconic motorcycle brand. This partnership brings a unique credit offering to Harley-Davidson enthusiasts across Europe, starting with the UK. The programme combines Tymit’s state-of-the-art instalment credit technology with Harley-Davidson’s iconic brand appeal and will be available to public from March The Harley-Davidson® Credit Car

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Visa and Fibank release Olympic and Paralympic-themed cards

Finextra

Visa, Worldwide Payment Technology Partner of the Olympic and Paralympic Games, and Fibank, Official Partner of the Bulgarian Olympic Committee announced a partnership to create unique debit and credit cards with the official design of the upcoming Olympic and Paralympic Games Paris 2024.

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Network International obtains payment licence from Saudi Central Bank

Fintech Finance

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced that it has obtained a Major Payment Institution (Major PI) licence from the Saudi Central Bank (SAMA) that will strengthen the acquirer’s foothold in the Kingdom. The procurement of the licence is a milestone that aligns with Network’s strategic objectives that include expanding capabilities to offer a comprehensive suite of payment acceptance solutions within t

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How Retailers Are Transforming Customer Experiences with Data & AI

Speaker: David Azoulay, Marc Stracuzza, Román Tejada, and Guest Speaker Sucharita Kodali

Imagine a retail landscape where every interaction is personalized, every decision informed, and every opportunity maximized 🤔✨ Join us for an exploratory journey into the heart of AI-driven retail innovation. We’ll unveil the transformative potential of AI and data analytics in shaping the future of omnichannel personalization and e-commerce.

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Faysal Bank and Total Parco partner for digital payments

Finextra

Faysal Bank Limited and Total Parco, signed an agreement for the provision of cashless transactions across Total Parco's extensive retail network.

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Faysal Bank, Total Parco sign agreement for digital payments

The Paypers

Pakistan-based Faysal Bank , a subsidiary of KSA Holdings , has signed an agreement with oil marketing company Total Parco to provide digital payments to the latter’s retail network.

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HelloMoney now accepted in South Korea, Malaysia, HK

Finextra

After becoming the first Philippine bank to offer an e-wallet that can be used for cross-border payments, Asia United Bank (AUB) is in a race to expand the coverage of its HelloMoney abroad.

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Flinks augments its Open Banking solution with new features

The Paypers

Canada-based fintech Flinks has enhanced its 'Outbound' Open Banking solution with two new features for easy launch by Canadian financial institutions.

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How Investors & Strategic Buyers Evaluate Integrated Payment Strategies

Explore how integrated payment strategies impact investor and buyer evaluations. Payments are more than a feature — they’re a key to long-term success and market differentiation. They help SaaS companies offer seamless user experiences and efficient operations. Investors and strategic buyers assess these integrated payment strategies as a measure of a company's growth potential and sustainability.

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Top 5 payment stories you missed in January 2024

Finextra

Fintech is a busy world and sometimes we miss out on the biggest stories. Here are some of the top stories we saw in January 2024.

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Deutsche Bank to cut 3,500 jobs

The Paypers

Germany-based financial institution Deutsche Bank has announced its decision to cut 3,500 jobs as part of its overall strategy to optimise efficiency and save costs.

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Celsius to exit bankruptcy with $3 billion payout

Finextra

Cryptocurrency company Celsius Network has begun a $3 billion payout in an approved plan to exit bankruptcy.

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Canada TD Bank to receive USD 7.4 million penalty for faulty policies

The Paypers

Canada-based TD Bank has received a significant monetary penalty for faulty anti-money laundering controls after an examination by the financial crime institutions.

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Mapping Digital Transformation: Retail’s Strategic Shift

Speaker: Jennifer Wright, Michael Scholz, Jasmin Guthmann, and Scott Canney

Digital transformation in retail is so much more than new technology. You need to get your whole organization, from entry-level workers to executives, on board with the new tech, new skills, and culture changes that digital transformation brings. Leading this mindset shift can be a daunting task… but that’s where this webinar comes in! Join our panel of experts as they guide you through the challenges of digital transformation, preparing you to avoid common mistakes and make the most of incredib