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The PCI Security Standards Council (PCI SSC) has introduced a new information supplement: Payment Page Security and Preventing E-Skimming Guidance for PCI DSS Requirements 6.4.3 and 11.6.1. This document provides direction for merchants and service providers implementing controls to protect payment card data during e-commerce transactions.
Dealing with fraud is an extremely costly reality organisations need to face, and it can result in billions of pounds being lost every year. To help organisations ensure they are not losing revenue and improving their efficiency, security and trust, The Centre for Financial, Innovation and Technology (CFIT) has published its blueprint for fighting economic crime through its Digital Company ID.
Keeping up with bills, payroll, and expenses can be overwhelming. Without proper cash management, businesses risk financial stress and missed opportunities.Cash management controls, monitors, and optimizes cash flow, ensuring enough to cover expenses while using extra funds wisely. Poor forecasting and untracked expenses lead to cash shortages. For instance, the Resolution Foundation study found that 14% of UK workersface pay fluctuations, highlighting the risk of financial instability.
The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2. Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.
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.
As of March 2025, the United States maintains a diverse business landscape, with approximately 33.2 million businesses across various industries. This analysis covers the distribution of these businesses by industry, providing detailed insights into the number of establishments, employment figures, and revenue statistics. Overview of Business Distribution by Industry The following table presents a detailed breakdown of the number of businesses, total employment, and annual revenue across major U
Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud. The report, based on Sumsubs internal identity verification and user activity data from 2023 and 2024, along with a survey of over 300 companies across the crypto, banking, payments, and e-commerce sector
To remain competitive in the rapidly evolving digital environment, businessesmust respond quickly to technological developments. One key transition is integrating digital solutions into current platforms, which, while improving operational efficiency and customer experience, is typically a complex process requiring extensive technical expertise. However, with the correct tools and solutions, such as Paytiko’s payment gateway, businesses can integrate digital payments without requiring soph
To remain competitive in the rapidly evolving digital environment, businessesmust respond quickly to technological developments. One key transition is integrating digital solutions into current platforms, which, while improving operational efficiency and customer experience, is typically a complex process requiring extensive technical expertise. However, with the correct tools and solutions, such as Paytiko’s payment gateway, businesses can integrate digital payments without requiring soph
Older people applying for financial support through four main entitlements could have to answer 450 questions – which could take up to four hours with the help of a trained adviser – according to new research from national charity Independent Age. Long and complex application processes for financial support can be extremely difficult to complete at all without support and can take a significant number of hours if they are able to do so, Independent Age says.
According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 billion transactions and $9.76 trillion in value. On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. As a business owner, you just cant afford to ignore these statistics. Youll be locking out a significant customer segment with high purchasing power to propel your business forward.
The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2. Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.
A well-crafted refund and cancellation policy is essential for any business, as it provides clear guidelines that protect the company and its customers. These policies help set expectations, reduce disputes, and ensure efficient transactions by outlining the terms under which refunds and cancellations are allowed. Whether running an eCommerce store, a service-based business, or a subscription model, having a transparent and customer-friendly policy can improve customer satisfaction and trust.
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
Sam Altmans World Network is in talks with Visa to bring stablecoin payments to its self-custody crypto wallet, enabling users to spend crypto across Visas global merchant network, a source told CoinDesk. The plan would link Visa card functionality to World Wallet, part of a broader push to offer foreign exchange, fiat on- and off-ramps, and crypto payment tools in a single app.
Banks clinging to outdated systems risk security breaches, regulatory headaches, and lost market sharemodernisation isnt just an upgrade, its a survival strategy. For years, banks have been reluctant to modernise their legacy infrastructure, believing that change outweighs the risks of staying put. But as the financial landscape evolves, that mindset is in danger of proving very costly.
The fintech event circuit is as diverse as the industry itself. Some conferences feel like a whirlwind of deals and big-stage announcements, while others create intimate spaces for blossoming partnerships. If you’re stepping into the fintech world for the first time, a smaller, curated event might be your best entry point. But if youre looking to make waves, raise capital, or meet the right people at scale, a large-scale fintech expo could be your golden ticket.
A credit card transaction is a process involving multiple entities, complex technology, and rigorous security protocols. It occurs in a matter of seconds but consists of multiple stages, from authorization to settlement. This article covers the anatomy of a credit card transaction and provides insight into the technological infrastructure that supports modern commerce.
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?
VoPay , a leading provider of embedded payment solutions, is revolutionizing how engineers and product teams integrate financial technology with the launch of its API GPT Assistant. This AI-powered assistant, built on Generative Pre-trained Transformer (GPT) technology, enables developers to seamlessly integrate VoPays platform using any programming language, including Python, JavaScript, C#, PHP, and more By eliminating integration bottlenecks, theAPI GPT Assistantprovides instant, AI-driven co
As companies transition to online payment platforms, the complexities of payment processing costs can often lead to unexpected expenses that eat into margins. With numerous fees associated with each transaction, businesses must navigate a tangled web of charges that can vary by industry and business model. Understanding these costs empowers businesses to make smarter financial decisions.
In Singapore, payment remains a significant issue for both consumers and businesses. A global survey commissioned by payment platform Adyen, which polled more than 13,000 businesses and 38,000 consumers worldwide, underscores these rising concerns in the city-state. The survey reveals that nearly half of respondents in Singapore have experienced being a victim of payment fraud (49%).
As digital wallets reshape finance and big tech challenges traditional banks, who will control the future of money? X (formerly Twitter) has made its first decisive step into fintech, announcing a partnership with Visa to power its ambitious new digital wallet, X Wallet. CEO Linda Yaccarino framed the move as a leap forward, but the real story is bigger: tech giants are no longer just facilitating payments, theyre actively reshaping the financial industry.
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.
Over half (62 per cent) of young adults think financial and retail brands don’t do enough to help them understand the risks around credit, despite 56 per cent believing financial brands actively encourage young people to take on loans or credit, according to new research conducted by media agency UM. A survey of 1,500 young adults (aged 18 to 24 years) across the UK, carried out in partnership with suicide prevention charity Campaign Against Living Miserably (CALM) and price comparison sit
For many small businesses, payment processing fees are a significant expense that eats into profits. Whether you run a retail store, an e-commerce business, or a service-based company, the costs of accepting credit and debit cards add up quickly. However, one small business managed to save $10,000 a year on payment processing without sacrificing customer convenience.
Checkout.com , a leading global digital payments company, today announced that its Intelligent Acceptance product, an AI-powered engine designed to help enterprise businesses boost their payment performance, has generated over $10 billion in additional merchant revenue. Powered by over 20 billion data points and insights from Checkout.com’s global network, Intelligent Acceptance applies numerous optimizations at every step of the payment process (e.g., messaging, routing, authentication, c
Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. This small rectangular piece of plastic enables customers to ditch bulky wads of cash, making payments easier and safer. In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. A survey by Forbes Advisor also revealed that 33% of consumers prefer to use credit cards as they’re safer than carrying cash.
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.
Originally reported by OGR Washington. After a brief pause, Congress is back in session this week for a critical three-week stretch with major implications for the Republican majority and the Biden administration's legacy. GOP Pushes for Budget Reconciliation Amid Debt Ceiling Concerns With fiscal year 2025 in the rearview, Republican leaders are focused on advancing a partisan budget reconciliation package.
HSBC Holdings plans to ramp up investment banking efforts in Asia and the Middle East following a strategic retreat from the US and Europe, CEO Georges Elhedery told Bloomberg Television. Georges Elhedery Elhedery, who took over in September, said the bank is reallocating US$1.5 billion in cost savings toward areas of growth. The focus includes strengthening debt and financing capabilities globally, while sharpening its presence in Middle Eastern equity capital markets and M&A advisory.
The Somalian financial ecosystem has taken its next step in the digital world as the Central Bank of Somalia’s (CBS) payments initiative, the Somalia Payment Switch (SPS), has successfully launched the country’s first instant payment system. The launch in Somalia has been made possible with support provided by paytech BPC ‘s SmartVista platform.
The RAIN Alliance is to create a new standard that will enable manufacturers to integrate support for Ultra High Frequency (UHF) tag reading into standard smartphones, making it possible for consumers and enterprises to interact with products containing RFID tags without needing specialist equipment. The move follows Qualcomms announcement that it is working to integrate RAIN functionality into its mobile device chipsets and Zebra’s January launch of an enterprise Android smartphone with b
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.
New research from Visa , a global leader in digital payments, reveals that Gen Z (ages 13-28) spends an average of 305 per month on subscription services. This is three times what Gen X (ages 44-59) spends (91) and Baby Boomers (ages 61-79) who spend 108. Millennials (ages 29-44) also spend a significant amount, at 261 per month. Gen Z stands out as the largest consumer group for subscriptions, with 93% surveyed having at least one.
Customers in this age of instant gratification always expect a smooth and seamless online payments experience. As a business owner, you must have a clear understanding of how online payments processing works to be able to create a hassle-free checkout process that will keep buyers coming back to your eCommerce store. This article will show all you need to know about online credit card processing and how you can select the best payment services provider for your needs.
Payment processing is a major part of business operations, influencing cash flow, customer satisfaction, and overall efficiency. However, the methods and preferences for processing payments vary between small businesses (SMB) and large enterprises. This article explores these differences in the USA and Canada for small business vs enterprise payment processing.
Incoming DBS Group CEO Tan Su Shan is open to pursuing smaller, strategic acquisitions that align with the Singaporean banks core focus, while prioritising the growth of high-return segments such as wealth management and transaction banking. Tan Su Shan Tan, currently the deputy CEO, is set to take over the role on 28 March, becoming the first woman to lead Southeast Asias largest lender and the first internal appointment to the position.
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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