July, 2023

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FTC revs up money transfer case against Walmart

Payments Dive

The Federal Trade Commission revved up its case against Walmart last week, alleging the retailer facilitated fraudulent transactions, despite a court ruling setback in March.

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PCI DSS Checklist: Secure Your Business

VISTA InfoSec

The PCI DSS Checklist is a crucial first step in securing your business. It’s a tool that helps businesses ensure they’re meeting all the requirements of the Payment Card Industry Data Security Standard (PCI DSS). By following the steps outlined in the checklist, businesses can take a comprehensive approach to security measures and access controls, and respond to new threats posed by technological advancements.

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AIs Impact on Corporate Finance

The Finance Weekly

Artificial Intelligence (AI) is gradually revolutionizing various industries, including the field of accounting and finance. With the emergence of , AI tools and Large Language Models (LLMs) like ChatGPT, Google Bard, and BERT, professionals in these fields can benefit from enhanced capabilities and streamlined processes. In a recent webinar sponsored by Datarails , the FP&A solution for Excel users, three distinguished finance leaders came together to discuss the impact of AI on corporate f

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5 Proven Tech Tips For A Growing Hybrid Business

Agile Payments

5 Proven Tech Tips For A Growing Hybrid Business

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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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AWS Textract Teardown - Pros and Cons of using Amazon's Textract in 2023

Nanonets

Text Recognition in 2023 In many companies and organizations, plenty of valuable business data is stored in documents. This data is at the heart of digital transformation. Unfortunately, according to statistics, 80% of all this data is embedded in unstructured formats like business invoices, emails, receipts, PDF documents, and many more. Therefore, to extract and make the most out of information from these documents, companies slowly started relying on Artificial intelligence (AI) based service

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Spotlight On: MagicCube, A New Principal Participating Organization

PCI Security Standards

While not new to the Council, current Board of Advisor member MagicCube is now a new Principal Participating Organization (PPO) at the PCI Security Standards Council! In this special spotlight edition of our PCI Perspectives Blog, MagicCube’s co-founders Nancy Zayed, CTO and Sam Shawki, CEO introduce us to their company and how they are helping to shape the future of payment security.

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PCI DSS Compliance in Healthcare

VISTA InfoSec

Data security has become an essential aspect of our lives and is more crucial than ever before. In the healthcare industry, organizations are entrusted with a plethora of sensitive information, including PHI, PII, and financial data. This renders them accountable for complying with both HIPAA and PCI regulations. Adherence to these regulations is paramount for safeguarding sensitive patient information from data breaches and cyber attacks.

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8 Best Practices for Forecasting and Managing Cash Flow

The Finance Weekly

In the finance realm cash shortages represent the pinnacle of stress. Even mega companies can find themselves in tight predicaments from time to time. These liquidity challenges give rise to issues like payroll complications, mounting pressure to settle accounts receivable, and the risk of material shortages. What is Cash Flow? Cash flow pertains to the funds flowing into and out of a business.

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5 Ways Enterprises Can Stop Common  Identity Scams in Payment Systems

Agile Payments

5 Ways Enterprises Can Stop Common Identity Scams in Payment Systems

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Automating Invoice Processing with OCR and Deep Learning

Nanonets

This post is mostly going to focus on invoice OCR and invoice information extraction using OCR and deep learning. We will also touch upon what is wrong with the current state of invoice recognition OCR and information extraction in invoice processing. For a long time, we have relied on paper invoices to process payments and maintain accounts. Reconciling invoices typically involves someone manually spending hours browsing through several invoices and jotting things down in a ledger.

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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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Spotlight On: AusPayNet, A New Principal Participating Organization

PCI Security Standards

Welcome AusPayNet, a new Principal Participating Organization (PPO) at the PCI Security Standards Council! In this special spotlight edition of our PCI Perspectives Blog, AusPayNet’s CEO Andy White introduces us to his company and how they are helping to shape the future of payment security.

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How FedNow may affect businesses

Payments Dive

The launch of the instant payments system FedNow last week has the potential to change how businesses manage cash flow and corporate processes. Here are six ways that could play out.

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MoneyGram partners with Banesco to expand its digital receive network

The Paypers

US-based payments and money transfer company MoneyGram has partnered with Venezuela-based bank Banesco to expand its digital receive network.

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Adapting to the Shift to Mobile Payments: 6 Things Every Business Needs to Know

National Processing

Mobile payments include digital wallets, apps, and other technology that allow customers to pay without pulling out cash or a card. Here’s everything merchants need to know about this latest payment trend. The post Adapting to the Shift to Mobile Payments: 6 Things Every Business Needs to Know appeared first on National Processing.

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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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What Is Access Control? A Key Component of Data Security

Agile Payments

What Is Access Control?

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Chat with PDFs using ChatGPT & OpenAI GPT API - A Detailed Tutorial

Nanonets

In this blog post, we explore Language Learning Models (LLMs) and their astounding ability to chat with PDF files. To start, we will show you how to chat with PDF files via the ChatGPT website. Next, we dive into a detailed code tutorial on how to chat with all kinds of PDF files. After that, we build our first automation to automate a repetitive task involving PDFs using ChatGPT API.

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Coffee with the Council Podcast: Meet This Year’s PCI SSC Community Meeting Keynote Speaker, Jenny Radcliffe

PCI Security Standards

Welcome to our podcast series Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today, I am so excited to bring you a sneak peek interview with PCI SSC's Community Meeting Keynote Speaker, Jenny Radcliffe. Jenny is a world-renowned social engineer, hired to bypass security systems through a mixture of psychology and con artistry.

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Toast axes 99-cent fee

Payments Dive

The restaurant payments company said Wednesday it would remove the customer-paid order processing fee by the end of this week.

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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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Ripple launches CBDC pilot with Republic of Palau

The Paypers

US-based blockchain company Ripple has partnered with Republic of Palau to launch a USD-backed Palau Stablecoin (PSC) on the XRP Ledger.

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Digital Wallets and the Future of eCommerce: What Merchants Should Know Before Accepting Digital Wallet Payments

National Processing

The good news is that you don’t need any additional hardware or software to accept digital wallet payments online. But you do need a payment gateway, payment processing service, and an ecommerce platform that are compatible with digital wallets. The post Digital Wallets and the Future of eCommerce: What Merchants Should Know Before Accepting Digital Wallet Payments appeared first on National Processing.

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How to Keep Your Passwords Safe on the Web

Agile Payments

How to Keep Your Passwords Safe on the Web Studies show that 52% of people in the world have at least five passwords. From that figure, 78% of people forget their login information. Due to this, they often do a reset to access their online accounts. One of the easiest ways to remember your passwords is to save them in your browsers. You can save them in one click or even create random passwords.

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What is Hyperautomation

Nanonets

Hyperautomation was rated the number one technology trend for 2021 by Gartner, the IT research and advisory firm. It is slated to be the next driver of the digital revolution in the business domain and aims to integrate all automated activities under one common platform that is unique to an organization. Let us see what hyperautomation is, and how it stands in benefitting any enterprise.

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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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Paving the Way: Inspiring Women in Payments - A Q&A featuring Kristine Harper

PCI Security Standards

With increased awareness of unconscious bias, and many initiatives supporting women in technology, security, and payments today, Kristine Harper sees a future where gender is not the only thing that sets women apart from men for leading roles in the industry. Instead, she says that experience, education, intelligence, and proven results will be the deciding factor when choosing between a man and a woman for the same position.

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Fiserv racks up merchants for pay-by-bank services

Payments Dive

The Federal Reserve’s new instant payments system is driving more merchant interest in pay-by-bank capabilities for consumers, a Fiserv executive said.

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Canada's financial regulator plans new guidelines for crypto asset exposure

The Paypers

Canada’s financial regulator has proposed new capital and liquidity requirements for bank and insurer crypto-asset exposure.

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6 Features to Consider When Choosing Between Point of Sale Systems

National Processing

Point of sale systems include the combination of hardware and software that merchants use to make sales and accept payments in person. It’s important to make sure the POS system you choose is compatible with the needs of your business. The post 6 Features to Consider When Choosing Between Point of Sale Systems appeared first on National Processing.

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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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5 Ways to Improve Team Communication in The Workplace

Agile Payments

5 Ways to Improve Team Communication in The Workplace There’s no collaboration or teamwork without communication. Even if it didn’t improve efficiency and team cohesion (which it does), with an inefficient communication system, even the simplest task can be made incredibly difficult. Finishing a task without having a clear way to report that you’re done can make someone else miss a deadline waiting for you to finish your part.

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AI regulation and innovation: Is a risk-based approach the best option for payments?

Finextra

Watch this webinar, in association with Napier, to discover how AI can be responsibly implemented by payments firms to help combat financial crime.

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5 Powerful Alternatives to DocParser for Data Extraction

Nanonets

Data extraction plays a crucial role in today's data-driven world, enabling businesses to extract valuable insights from various documents. DocParser has been a popular choice for data extraction, but there are several alternatives available that offer similar or even enhanced features. In this blog, we will explore five powerful alternatives to DocParser: Nanonets, Docusumo, Klippa, Kofax, and IQ Bot.

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Fed touts FedNow’s fraud tools

Payments Dive

Cleveland Fed President Loretta Mester in a speech this week spelled out tools the new instant payments system will have for thwarting fraud.

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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