Tue.Nov 12, 2024

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What to Know About Tokenization

Basis Theory

Historically, data security has been treated as featureless and burdensome—but a necessary expense incurred by organizations. Tokenization, however, has reframed the conversation, leading to an explosion in its usage. Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers.

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Mirakl and Mangopay Announce Strategic Partnership to Accelerate Growth of European Marketplaces with Mirakl Payout

Fintech Finance

Mirakl , the leading provider of eCommerce software solutions, has chosen Mangopay’s modular payment technology to power its Mirakl Payout solution in Europe. Through this collaboration, Mirakl Payout integrates Mangopay’s e-wallet technology and know-your-business (KYB) capabilities, enhancing marketplace payouts. Mirakl Payout streamlines payment operations for Mirakl customers, providing a fully automated, transparent solution for managing complex payment flows, including seller onboarding,

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Outlier Ventures Bolsters LatAm Web3 Ecosystem With Launch of Region’s First Base Camp Programme

The Fintech Times

The mastermind behind the accelerator programme Base Camp, Outlier Ventures , the Web3 accelerator, has announced that Bando , Berry Investing , Fact Finance , Loula and IDENTI will be taking part in its Latin America (LatAm) edition. The LatAm Base Camp is an inaugural accelerator programme dedicated to partnering with Web3 startups in Latin America.

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Build vs buy? Strategic decisions in financial crime management

The Payments Association

What is this article about? Whether financial institutions should build or buy financial crime management systems. Why is it important? The choice affects compliance, efficiency, and fraud prevention capabilities. What’s next? Institutions may lean toward hybrid solutions to balance customisation with vendor support. As Financial crime grows increasingly complex, payment leaders face a critical choice: build an in-house financial crime management (FCM) solution or buy an established third-

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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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Visa Flexible Credential Goes Global: Transforming the Card for a Digital Future

Fintech Finance

Today, Visa (V: NYSE) announced that the Flexible Credential is expanding to the U.S. and will be rolling out with Affirm, and in the United Arab Emirates with Liv, giving millions more people greater choice and control over how they pay. “The Visa Flexible Credential all started with a simple idea that consumers should easily be able to choose how they want to pay,” said Jack Forestell, Chief Product and Strategy Officer, Visa.

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Here’s Everything That Happened Singapore Fintech Festival 2024 in 10 Key Highlights

Fintech News

The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. The year’s conference featured an impressive lineup of over 900 speakers across more than 400 sessions. These experts covered some of the industry’s hottest trends and most urging issues, including artificial intelligence (AI), quantum computing, digital assets, next-generation

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Young people fall prey to payments fraudsters

Payments Dive

Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.

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The continuing rise of metal cards: Elevating customer retention in the mass affluent market

The Payments Association

In an era marked by technological advancements and evolving consumer preferences, high-end banks and financial institutions are constantly seeking for innovative ways to cater for the demands of the discerning mass affluent market. One trend that has been gaining significant traction is the growing demand for metal cards. These sleek and sophisticated cards are not just a status symbol; they are a strategic tool that can significantly boost customer retention.

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Thunes Welcomes Papara Into Its Direct Global Network Facilitating Cross-border Payments

The Fintech Times

Turkish customers using financial services provider, Papara , will now be able to send money into three billion mobile wallet accounts, four billion bank accounts and 15 billion cards in over 80 currencies and to more than 130 countries following a new partnership with Thunes , the cross-border payment infrastructure provider. Papara becomes the latest member of Thunes ‘ Direct Global Network as Thunes facilitates cross-border payments to and from Türkiye.

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Dialect Communications is partnering with Yordex to provide industry leading customer experience solutions

The Payments Association

Dialect Communications, an award-winning Business Process Outsourcer (BPO) that provides front and back office solutions in the Payments sector across the globe is thrilled to partner with Yordex, a provider of cards, Ibans and cross border payments helping businesses to offer their own cards and automate their payouts. The collaboration merges Dialect’s expertise in customer experience within the Payments sector to provide industry leading customer support solutions for the Yordex customer base

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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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This Week in Fintech: TFT Bi-Weekly News Roundup 12/11

The Fintech Times

The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 12 November 2024. Appointments Sibstar, the UK debit card and app for people living with dementia, has appointed GoHenry co-founder and CEO, Louise Hill, as a non-executive director. She will offer independent advice and provide oversight to Sibstar’s executive directors, ensuring optimal performance while providing strategic guidance and support to the executive team as needed.

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What is a Merchant Account and Does Your Business Need One?

EBizCharge

Mastering the financial aspects of operating a business is paramount to achieving success. A fundamental element that every business leader should be well-versed in is the merchant account — a critical service that facilitates electronic payments. As digital payments continue to grow in popularity, a frictionless payment processing system is vital. What is a merchant account?

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Can Kazakhstan Capitalise on its Strong Position and Foster Further Fintech Growth?

The Fintech Times

Kazakhstan, the world’s largest landlocked country, has enjoyed recent fintech growth and sits in a strong position to foster further success in the future. But is all as rosy as it seems? We take a look at the evolution of the fintech ecosystem in the country. Kazakhstan has a population of over 20 million people, of which 40 per cent are under the age of 25 and about half are under age 30.

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PCI DSS Compliance for SaaS Businesses

VISTA InfoSec

PCI DSS is a set of requirements that is applied to every small and large organization that accepts, stores, processes, or transmits cardholder data. In particular, PCI DSS for SaaS companies is essential, as these platforms frequently handle sensitive customer information and must adhere to the latest security standards. In 2024, the updated version of PCI DSS 3.2.1, PCI DSS v4.0, became mandatory after being officially released on March 31, 2022, allowing organizations a transition period.

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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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Merchants ‘Must’ Embrace Local Payment Methods to Capture New Customers in Emerging Markets

The Fintech Times

E-commerce merchants must embrace local payment methods in order to unlock significant growth, suggests a new report from market research firm Juniper Research. As efforts to extend high-speed internet to rural areas in emerging markets continue, Juniper Research has found that this creates a huge revenue opportunity – thanks to access to large populations with increasing amounts of disposable income.

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PCI DSS Compliance for SaaS Businesses

VISTA InfoSec

PCI DSS is a set of requirements that is applied to every small and large organization that accepts, stores, processes, or transmits cardholder data. In particular, PCI DSS for SaaS companies is essential, as these platforms frequently handle sensitive customer information and must adhere to the latest security standards. In 2024, the updated version of PCI DSS 3.2.1, PCI DSS v4.0, became mandatory after being officially released on March 31, 2022, allowing organizations a transition period.

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XPP: New Umbrella Company Housing Four European PSPs Aiming to Modernise Embedded Transactions

The Fintech Times

XMDS Holding , a Netherlands-based software company, has launched XPP, a new umbrella organisation comprising specialised payment solutions Vayapay , Ginger Payments , KUARIO , and Pecunda. Through the launch of XPP, XMDS aims to strengthen the solutions offered by the payment solution providers in each of their specific markets, from education and public facilities to public transport and financial services. “Our mission is to modernise embedded transactions and payments with scalable pay

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Visa partners Affirm on card that lets shoppers toggle between payment types

Finextra

Visa has joined forces with Affirm to bring its 'flexible credential' technology to the US via a card that can toggle between debit and BNPL payment options.

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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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Knot Unveils MassSwitcher™: Instant Card-on-File Updates Across Multiple Merchants

Fintech Review

New York, New York, November 12th, 2024, FinanceWire Knot , a leading fintech company specializing in card-on-file management, is proud to announce the launch of MassSwitcher™, an innovative solution that enables cardholders to update their card information across multiple merchant accounts instantly with a single login. MassSwitcher addresses the common challenge consumers face when updating payment details across various online platforms.

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UK financial watchdogs set out new rules for overseeing critical third party tech providers

Finextra

UK financial regulators have confirmed new rules to bolster the resilience of technology and other third parties providing key services to financial firms.

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AU10TIX Establishes Dedicated Presence in India to Help Local Businesses Expand Internationally

The Fintech Times

AU10TIX , the global identity verification and management firm, has expanded its operations in India after establishing a dedicated presence in Bengaluru. AU10TIX says this move makes its identity verification solution more accessible, enhancing its ability to serve 1.4 billion citizens in India and support its rapidly growing digital economy with AI-powered technology.

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NatWest blocks WhatsApp

Finextra

NatWest has banned WhatsApp, Facebook Messenger and Skype on company phones and computers amid concerns about regulatory scrutiny of record keeping.

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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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Southeast Asia’s Fintech Sector Has Raised a Total US$ 1.4 Billion Funding in 2024

Fintech News

In 2024, Southeast Asia’s fintech sector showcased resilience, defying global funding trends with only a marginal 1% year-on-year (YoY) decline. This figure stands in stark contrast to North America and Europe where funding plummeted by more than 30%, a new report by UOB, Pwc Singapore and the Singapore Fintech Association (SFA) says. The 2024 Fintech in ASEAN report, which examines the fintech landscape in the six largest markets of the Association of Southeast Asian Nations (ASEAN-6), highligh

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Strivr launches XR training bundle for retail banking

Finextra

Extended reality (XR) platform Strivr has unveiled an off-the-shelf immersive learning bundle for retail banking and financial services.

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Upcoming Shared Responsibility Framework Will Protect Minor’s Bank Accounts

Fintech News

Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS) Gan Kim Yong addressed the safety of digital banking services for minors under 16 in a written parliamentary reply. Gan Kim Yong He clarified that bank accounts for minors can only be opened by parents, either as joint accounts or accounts solely in the child’s name.

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Mastercard Collaborates With Tap Payments on First Global Launch of ‘Click to Pay’ With Payment Passkey Service for Ecommerce

Fintech Finance

Mastercard has partnered with Tap Payments, one of the leading payment institutions and technology providers in the Middle East and North Africa, to introduce a global-first Click to Pay with Payment Passkey service for secure ecommerce transactions. Payment Passkeys will revolutionize the consumer journey by eliminating the need for One-Time-Passwords (OTPs) and enabling device-based biometric authentication methods such as fingerprints or facial scans.

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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.

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Driving successful digital transformation in banking with quality engineering

The Payments Association

Quality Engineering is transforming digital banking, enabling seamless innovation, operational continuity, and future-proofing in a rapidly evolving landscape. The global banking industry is currently undergoing widespread change from a regulatory and technology perspective. Digital transformation has become necessary for banks and financial institutions as they seek to modernise their systems, improve customer experiences, and maintain competitiveness in a rapidly evolving market.

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Visa Recognizes Creators as Small Businesses

Fintech Finance

At the opening session of Web Summit in Lisbon, Portugal, Visa unveiled significant commitments to digital creators. Acknowledging the impact of creators on the digital economy, Visa officially recognized creators as small businesses. Today, creators can easily and securely pay and be paid with Visa’s financial tools, resources and products made available to small businesses worldwide.

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Nubank surpasses 100 million customers in Brazil

Finextra

Brazillian digital banking behemoth Nubank has reached 100 million customers on its home turf, capturing 57% of the adult population in the country.

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Sibstar Appoints GoHenry Co-Founder and CEO Louise Hill as Non-Executive Director

Fintech Finance

Sibstar , the UK’s leading debit card and app for people living with dementia, has today announced the appointment of GoHenry co-founder and CEO, Louise Hill, as a Non-Executive Director. Louise is a pioneer in the card and payments sector, having co-founded global fintech company GoHenry, the prepaid debit card and financial education app with a simple mission to make every kid smart with money.

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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