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In many cases, cutting something off is necessary to avoid bigger damage. This is the idea behind controlled infrastructure removal, the elimination of some parts of your cloud infrastructure to contain an attack or remove a potential attack surface. It is an important part of infrastructure-as-code (IaC) management and something organizations need to be familiar with as they secure their cloud environments and the apps they develop.
Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.
The hunt for growth never stops in the fast-paced business world. Leading the growth in almost every company is the sales team. They basically connect what you need with the right product or service. For instance, let's talk about car sales. When you head to a car dealership, you have a car in mind. The salesperson usually dives into your life - asking about your family size, daily routine, and more to understand how you plan to use the car.
When can revenue NOT be counted as revenue? If this question is confusing, you’re not alone. The concept of unearned revenue can easily trip up SaaS companies that offer subscription services and products on a recurring basis. Unlike when selling ordinary products, you cannot recognize the revenue earned from a subscription all at once. Although your business has received payment, this cannot be credited to your bottom line until delivery of the product is completed.
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.
By Roger Portela, Senior Director of Product, PayNearMe Every day, valuable data flows through your payments platform. But how it’s collected, where The post From data to decisions: Five steps to making payments data work for you first appeared on Payments NEXT.
Open Banking Focus: New Opportunities on the Ancient Silk Road Vasil Shengelia, Head of Open Banking Division at the National Bank of Georgia, alongside Varlam Ebanoidze, Head of the Fintech and Suptech Development Department introduces us to an ecosystem with plans to once again act as a bridge between East and West. The Silk Road was a vital trade route linking China to Europe which operated for roughly 1,500 years.
In May 2024, Vodafone Idea (Vi) became the first Indian telecommunications company to achieve the SOC2 (Service Organization Control 2) Type II Attestation. This accomplishment not only underscores the company’s commitment to stringent security standards but also sets a benchmark for the entire industry. The attestation was conducted by VISTA InfoSec , a global Information Security Consulting firm with offices based in the US, UK, Singapore, and India specializing in GDPR, PCI DSS, HIPAA
In May 2024, Vodafone Idea (Vi) became the first Indian telecommunications company to achieve the SOC2 (Service Organization Control 2) Type II Attestation. This accomplishment not only underscores the company’s commitment to stringent security standards but also sets a benchmark for the entire industry. The attestation was conducted by VISTA InfoSec , a global Information Security Consulting firm with offices based in the US, UK, Singapore, and India specializing in GDPR, PCI DSS, HIPAA
The card network is focused on “stubborn categories” where large account-to-account payments have taken hold, such as in healthcare, education and rent, a Visa executive said.
Swift is working with 25 leading cash management banks and 20 corporates to develop a white labelled transaction tracking service for ISO 20022 messages across the entire payment chain.
Tenity, an innovation ecosystem specialising in early-stage fintech startups, has partnered with XDC Network to introduce a new accelerator programme aimed at revolutionising the US$28 trillion global trade industry. The 12-week XDC Accelerator Programme invites startups to develop solutions using XDC Network’s advanced blockchain technology. This initiative targets startups that are working on Real World Asset Tokenisation (RWA), Trade Finance, Decentralised Physical Infrastructure (DePIN
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
By Jeff Domansky, Managing Editor The Merchants Payments Coalition (MPC) has emphasized the urgent need for Congress to pass the Credit Card Competition Act (CCCA). With The post CCCA could save merchants and consumers over $16B a year first appeared on Payments NEXT.
According to the Identity Theft Resource Center’s (ITRC) 2023 Business Impact Report , 73% of small business owners in the US reported a cyber-attack within the previous year, underlining the growing popularity of small businesses as a target among malicious actors. Given this recent wave of cyberattacks, all small businesses must do their part to secure their Point of Sale (POS) systems from unauthorized parties.
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?
Project Agorá, an initiative by the Bank for International Settlements (BIS) alongside major central banks and the Institute of International Finance (IIF), is moving forward and inviting private sector involvement. The project aims to explore how tokenisation can improve wholesale cross-border payments. Private sector financial institutions are encouraged to apply for participation in Project Agorá and the application window is open until 31 May 2024.
US-based Commerce Bank has officially gone live with FedNow on Temenos Payments Hub delivered as Temenos SaaS, enabling real-time payments on the secure, scalable and continuously updated platform. The go-live with the FedNow service on the Temenos platform marks an additional milestone in the Commerce Bank modernisation strategy, progressively moving off legacy systems to a consolidated, future-ready, cloud-native platform.
Financial planning and analysis (FP&A) solutions provide a complete platform for organizational planning, which is important for all businesses. Understanding their financial status and performance is key for business growth. A study revealed that inefficiencies in the traditional FP&A role, like manual preparation of P&Ls, balance sheets, and cash flows, lead to an annual economic loss of $6.1 billion.
In an era where digital transactions reign supreme, ensuring the security of payment card data is paramount for businesses. This is where the Payment Card Industry Data Security Standard (PCI DSS) comes into play, serving as a crucial framework for safeguarding sensitive information and protecting both businesses and consumers from the ever-present threat of cybercrime.
Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D. Power.
As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). A recent report by SBI Digital Asset Holdings (SBI DAH) sheds light on the growing interest and adoption of these innovative financial instruments among institutional investors.
Konsentus has launched its Q1 2024 TPP tracker, which highlights the growing cross-border activity and payment focus across European third parties. Following this announcement, the Konsentus Q1 2024 TPP tracker has revealed an overall growth in the European third parties that are regulated to provide Open Banking services around their domestic market, as well as an overall increase in TPPs authorised to initiate payments and transactions on an account holder’s behalf.
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.
A key part of open banking is regulated third-party providers (TPP). They act as intermediaries between the bank and the customer. Open banking’s growth has got to a point now that more TPPs are able to offer their services outside of their domestic markets. Konsentus , the open finance ecosystem creator and manager, has revealed which countries are leading the way when it comes to exploring new open banking markets.
Thanks to digital innovations, we can easily connect online, but they also leave us increasingly vulnerable and exposed. 68% of consumers are concerned about the volume of data businesses collect about them, with 40% expressing a lack of trust in companies’ ethical handling of data. Therefore, it’s no surprise that data privacy regulations are constantly improving.
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 COVID-19 pandemic led to restrictions on physical gatherings, prompting businesses to swiftly move their marketing activities to online platforms and bringing webinars into the spotlight. These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences. Webcasting and virtual event platforms like ON24 witnessed a remarkable surge, reporting a 167% increase in webinar hosting activities.
What Is Bank Reconciliation? Bank reconciliation is a process companies use to ensure that their recorded cash balances align with the actual cash held in their bank accounts. As businesses increasingly engage third parties for making and receiving payments, bank reconciliation should be extended to include cash handled through these other entities, such as online payment systems.
The Modern CFO’s Role in Managing Complex Revenue Models Today’s business environment, affected by increased competition, changing buyer psychology, and economic uncertainty, has made it increasingly difficult for companies to sell software. As this new era unfolds, CFOs are recognizing that their conventional revenue models may no longer suffice for maintaining strong revenue growth.
In today’s fast-moving tech world, every business—big or small—needs an IT setup that’s not just robust but also smart enough to keep up with rapid changes and challenges. That’s where managed IT services come in. They do more than just prop up your tech; they turbocharge your business goals. Ever wonder how managed IT services slide into your overall business strategy?
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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