January, 2024

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PCI DSS Requirement 2 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

In our last discussion, we explored the evolution of Requirement 1 in the transition from PCI DSS v3.2.1 to v4.0, with a particular emphasis on the move towards ‘network security controls’. As we continue our exploration of the updated PCI DSS v4.0, today’s focus will be on the transformations in Requirement 2. As a reminder, the Payment Card Industry Data Security Standard (PCI DSS) is a comprehensive set of security requirements that all organizations handling cardholder data must adhere to.

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PCI DSS v3.2.1 is Retiring on 31 March 2024 – Are You Ready?

PCI Security Standards

With 31 March 2024 rapidly approaching, Lauren Holloway, Director, Data Security Standards, shares some key questions, answers, and resources to help entities successfully transition to PCI DSS v4.0.

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Fiserv seeks special purpose bank charter

Payments Dive

The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.

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Five reasons to get a handle on chargebacks

Payments Next

by Donna Blum of BHMIChargebacks are a significant and growing challenge in the payments industry. The rapid growth in e-commerce, rise in The post Five reasons to get a handle on chargebacks first appeared on Payments NEXT.

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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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PAY360 Conference 2024

Open Banking Excellence

19th - 20th March 2024 Live Event Linkedin Twitter Youtube PAY360 Conference The award winning PAY360 is back! Join the largest gathering of the entire payments ecosystem under one roof. Why PAY360? It is free to attend for the entire payments ecosystem. Our goal is always to be the catalyst for alignment of the various forces in the industry. We programme the disagreeable into an agreeable format through our 2 day conference, ensuring a structured forum for debate amongst all stakeholders.

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Block becomes the latest fintech to lay off workers

TechCrunch Fintech

Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo from CEO Jack Dorsey, obtained first by Business Insider, which states that “the growth of [Block] has far outpaced the growth of … business and […] © 2024 TechCrunch.

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More Trending

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European Central Bank set to Stress Test 109 Banks to Assess Cyberattack Response and Recovery

The Fintech Times

The European Central Bank (ECB) has revealed plans to carry out cyber resilience stress tests on 109 of the banks it directly supervises in 2024, to assess how they both respond to and recover from a cyberattack. Stress testing the banks will not analyse their ability to prevent it in the first place, the European Central Bank explained. Instead, in the stress test scenario, a cyberattack succeeds in disrupting a bank’s daily business operations.

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6 payments trends to watch in 2024

Payments Dive

Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.

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Thai PM Announces May Launch for US$14.3 Billion Digital Wallet Stimulus

Fintech News

Thailand’s Prime Minister Srettha Thavisin announced the anticipated May commencement of a substantial economic stimulus initiative, according to a Reuters report. This plan, a centerpiece of the ruling Pheu Thai party’s election campaign, involves disbursing approximately US$14.3 billion through a ‘digital wallet’ system. Under this scheme, around 50 million Thai citizens will each receive 10,000 baht (about US$285) to spend within their local communities.

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Tune in to an Exclusive Preview of the Newest Innovations from PayPal and Venmo

PayPal

PayPal will provide an exclusive preview on January 25, 2024 at 9:30 am PT of the first innovations PayPal and Venmo are piloting and bringing to market this year.

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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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PayPal begins more layoffs

TechCrunch Fintech

PayPal has begun company-wide layoffs, according to multiple reports, including an article published by The Information. It is not yet clear how many people will be affected by the job cuts but one source told TechCrunch it was expected to be in the “thousands.” TechCrunch has reached out to PayPal and will update this story […] © 2024 TechCrunch.

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USDC issuer Circle files for IPO

Finextra

Circle Internet Financial, the issuer of the USDC stablecoin, has filed with the Securities and Exchange Commission for an initial public offering (IPO).

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Money20/20 Europe

Open Banking Excellence

4-6th June 2024 Live Event Linkedin Twitter Youtube Money20/20 Europe Money20/20 is the world’s leading, premium content, sales and networking platform for the global money ecosystem. From in-depth analytics to inspirational speakers, our world-class insight and networking opportunities help our customers stay ahead – powering strategies and relationships and switching mindsets.

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New York enacts surcharge law

Payments Dive

The state’s new law will force merchants to limit credit card surcharges and more clearly disclose them to consumers. If the businesses don’t, they could face a $500 penalty.

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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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PCI DSS Requirement 5 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

Welcome back to our ongoing series on the Payment Card Industry Data Security Standard (PCI DSS). We’ve been journeying through the various requirements of this critical security standard, and today, we’re moving forward to explore Requirement 5 of PCI DSS v4.0. Understanding Requirement 5 of PCI DSS in Short: Requirement 5: Safeguard All Systems and Networks Against Malicious Software Subsections: 5.1 Defined and understood processes and mechanisms are in place to safeguard all systems an

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PayPal and Venmo Unveil Six New Innovations to Revolutionize Commerce

PayPal

Company introduces reimagined checkout and guest checkout experiences, new advanced offers platform for merchants, and new consumer app to earn cash back and give customers more reasons to shop with PayPal New Venmo enhancements enable local small businesses to be discovered and grow

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Gen Z investing app Alinea raises $3.4M, plans to launch an ‘AI copilot’

TechCrunch Fintech

Alinea Invest, a fintech app offering AI-powered wealth management aimed at Gen Z women, has $3.4 million in seed funding ahead of the launch of a virtual AI assistant that will help users with their investing needs. The fundraising comes on the heels of 225,000 downloads of Alinea’s app, leading to a revenue run-rate of […] © 2023 TechCrunch.

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Visa unveils Web3 customer loyalty platform

Finextra

Visa has launched a Web3 loyalty engagement offering to help firms reward customers not just for their purchases but for their engagement and interactions.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.

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How to Earn Big as a CFO?

The Finance Weekly

Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the ,, highest-paid CFO in the United States. His significant role at Live Nation has been crucial in shaping the company's strategy and financial planning, thanks to his extensive experience in the entertainment industry and financial management.

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Florida weighs cashless ban

Payments Dive

Lawmakers in the state are considering legislation that would require merchants to accept cash payments.

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PCI DSS Requirement 4 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

Welcome back to our ongoing series on the Payment Card Industry Data Security Standard (PCI DSS). In our previous posts, we’ve covered the various requirements of this critical security standard. Today, we’re going to delve into Requirement 4, which focuses on protecting cardholder data with strong cryptography during transmission over open, public networks.

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Airwallex CEO and Co-Founder Jack Zhang?—?empowering businesses to grow beyond borders

Wharton Fintech

Airwallex CEO and Co-Founder Jack Zhang — empowering businesses to grow beyond borders In today’s episode, Kailee Costello hosts Jack Zhang , the CEO and co-founder of Airwallex. Airwallex is a fintech company that revolutionizes the way that businesses operate globally. Their financial infrastructure provides a modern tech stack for businesses of all sizes to operate internationally without the challenges of the current global financial system.

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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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Pomelo stacks $40M to scale its payments infra business in LatAm

TechCrunch Fintech

Argentinian payments infrastructure startup Pomelo has raised $40 million in a Series B round of funding. The Buenos Aires-based company started in 2021 with the goal of giving fintechs and embedded finance players a way to launch virtual accounts and issue prepaid and credit cards via compliant onboarding processes. Pomelo went live with its first customer […] © 2023 TechCrunch.

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Nationwide reports uptick in cash withdrawals

Finextra

New data from Nationwide shows that cash usage continues to rise as many households respond to the cost-of-living crisis by budgeting with physical money.

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Modern Qualities a CFO Must Have

The Finance Weekly

The traditional definition of a CFO is that he or she is the senior manager of all things financial for a company or corporation. The CFO monitors the company’s cash flow, analyzes its financial health, suggests recommendations for possible improvement, and oversees the company’s financial accounting, including timely and accurate reporting. The important point about this definition is the word “traditional”.

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Rivals may chase Fiserv special bank charter lead

Payments Dive

If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.

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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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Shining a Light on the Banks at the Forefront of AI

Open Banking Excellence

As we enter an exciting new year, businesses worldwide are ratcheting up artificial intelligence (AI) investment. Those that race ahead will challenge their rivals on growth, productivity, and financial performance – and those that fall behind risk irrelevance in a rapidly changing marketplace. Given the breakneck pace of adoption, it’s critical that we’re able to track AI maturity across the banking sector, helping institutions to harness the power of emerging technologies with open

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Next level AI: Quantum AI

Bank Automation

Graphics processing units on today’s computers can only hold so much capacity — and financial institutions are looking to quantum computing to process ever-growing data sets and turbocharge AI.

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Former Anthemis partner soft-launches new fintech-focused venture firm

TechCrunch Fintech

Ruth Foxe Blader has left her role as partner at Anthemis Group after nearly seven years to start her own venture firm, Foxe Capital, TechCrunch learned exclusively today. Blader is joined by former Anthemis investment associate Kyle Perez. Sophie Winwood is serving as an operating partner. Winwood previously co-founded WVC:E, an organization that pledges to […] © 2023 TechCrunch.

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How is AI Impacting Fintech Businesses?

The Fintech Times

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. To kick off 2024, The Fintech Times is exploring how the world of AI may continue to impact the fintech industry and beyond throughout the coming year.

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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