Sat.Feb 10, 2024 - Fri.Feb 16, 2024

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Card networks to implement gun code in California: report

Payments Dive

Visa, Mastercard and American Express are moving forward with use of a new gun merchant category code for credit card purchases in California, according to CBS News.

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How better regulation can power up UK fintechs

The Payments Association

How regulatory reforms and increased capital can drive UK fintech expansion Read more

FinTech 167
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ECB will only use European suppliers for digital euro build

Finextra

The European Central Bank has been explaining to MEPs its decision to search for possible providers to develop a digital euro platform and infrastructure.

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Ledger: Stripe’s system for tracking and validating money movement

Stripe

In this blog post, we’ll share technical details on how we built this state-of-the-art money movement tracking system, and describe how teams at Stripe interact with the data quality metrics that underlie our payment processing network.

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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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Yellen asks Congress for stablecoin legislation

Payments Dive

Treasury Secretary Janet Yellen renewed a call for Congress to act on digital assets, saying “there is no appropriate regulatory framework.

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Score is a new dating app for people with good to excellent credit

TechCrunch Fintech

You must have at least a 675 credit score to use it. © 2024 TechCrunch. All rights reserved. For personal use only.

FinTech 142

More Trending

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India tests offline and programmable CBDC

Finextra

India is moving ahead with the next stage of its digital rupee pilot, adding programmability and offline payment capability.

CBDC 139
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Bitcoin Depot expands footprint by 400 ATMs

Payments Dive

The bitcoin ATM operator is adding to its fleet as it sees “a lot of demand,” according to COO Scott Buchanan.

ATM 132
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Banking Tech Awards USA – FinTech Futures

Open Banking Excellence

30th May 2024 Live Event Linkedin Twitter Banking Tech Awards The Banking Tech Awards USA are returning for 2024! The Banking Tech Awards USA is now in its third year! Nominations for 2024 are now open and close on February 23 2024. The 2024 awards gala dinner ceremony will take place at the spectacular 583 Park Avenue in New York on May 30 2024. More information on how to submit a nomination can be viewed here.

FinTech 130
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5 Strategies for Protecting the Public and Private Sectors from Cybersecurity Threats

VISTA InfoSec

The proliferation of technology in the present age, while undeniably a win for innovation and modern convenience, has unfortunately been paralleled by an upsurge in cyber threats that present a multifaceted challenge to both businesses and individuals. As people become more reliant on digital platforms for everything from commerce to communication, the potential for cyberattacks will only escalate.

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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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Ripple to acquire Standard Custody

Finextra

Ripple has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets.

Acquirers 138
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Accounts Receivable Hurdles to Overcome in 2024

The Finance Weekly

It's crucial for small businesses to maintain good cash flow by managing finances and staying updated on Accounts Receivable (AR). Effectively handling AR means keeping track of customer invoices and making sure payments are collected on time. Now, let's look at common challenges finance teams face with AR and ways to enhance payment collection while minimizing the risk of unpaid invoices.

Accounts 130
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FStech Awards

Open Banking Excellence

14th March 2024 Live Event Linkedin Twitter FStech Awards Now in its 24th year, the FStech Awards recognise and celebrate companies which have demonstrated excellence and innovation within the UK and EMEA financial services sector I want to Attend! Helen Child, Founder & CEO, Open Banking Excellence The post FStech Awards appeared first on Open Banking Excellence.

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Maybe we’ll finally see a fintech IPO in 2024

TechCrunch Fintech

Welcome to TechCrunch Fintech (formerly The Interchange)! We’re back after a brief hiatus, and I can tell you that judging by the volume of pitches I received last week, venture investing in the fintech space is definitely picking up. This week, we’re looking at Plaid’s latest step toward an IPO, one BNPL company’s financial results, […] © 2024 TechCrunch.

FinTech 129
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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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Moneyhub boards public sector open banking push

Finextra

Moneyhub has been named as a supplier on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework for its account-to-account payment services.

Accounts 130
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What to Prepare for Tax Filing in 2024?

The Finance Weekly

Running a business can be tough, but doing your taxes doesn’t need to add to the stress. Between finding good staff and keeping things running smoothly, it's tough to find time for accounting. But if you stay organized for tax filing in 2024, it won't be such a headache. This checklist for preparing business taxes can save you time. Instead of dealing with complicated state tax, sales tax, and employment problems, you can ,, focus on your business performance.

IRS 130
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UK Fintech Awards

Open Banking Excellence

25th April 2024 Live Event Linkedin Twitter UK Fintech Awards Welcome to the UK FinTech Awards The UK is home to the world’s premier financial services centre and a burgeoning financial technology market. These awards were developed to celebrate this incredible community, and the achievements and successes of the UK’s best and brightest. Comedian Rob Beckett will host the UK FinTech Awards 2024 on 25 April at the Leonardo Royal Hotel London Tower Bridge.

FinTech 130
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YC-backed Cambio puts AI bots on the phone to negotiate debt, talk to a bank’s customers

TechCrunch Fintech

A Y Combinator-backed startup called Cambio is bringing AI to the banking world in a surprising way: It’s putting AI bots on the phone with companies and consumers. The startup began by offering an AI-powered service that negotiated debt collections on behalf of consumers, which helped around 70% of customers resolve their collections and raise […] © 2024 TechCrunch.

Bots 129
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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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ACH Network Records Strong Growth in 2023 as Same Day ACH Surpasses 3 Billion Payments Since Inception

NACHA

ACH Network Records Strong Growth in 2023 as Same Day ACH Surpasses 3 Billion Payments Since Inception mkahn@nacha.

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Visa boosts B2B digital wallet capabilities

Finextra

Visa is teaming up with Conferma Pay to let financial institutions add virtual corporate cards into employees’ digital wallets.

B2B 128
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Trade Finance Poised for Digital Revolution Though Obstacles Remain

Fintech News

The trade finance industry has been aspiring for greater digitalisation, striving to tap into potential benefits such as improved transparency, efficiency, risk mitigation and support for small and medium-sized enterprises (SMEs). But despite some progress, advancements have been slow for the past few decades due to legal obstacles, the lack of standards, and the need for unifying technologies, a new paper by Deutsche Bank says.

Finance 127
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What Bank of America is doing for customers after data breach

Bank Automation

Bank of America is working to control the fallout following an October data breach at third-party vendor Infosys McCamish Solutions. The bank is offering the more than 57,000 affected clients a free, two-year membership to IdentityWorks, an identity protection product from Experian, according to an Infosys McCamish Solutions filing with the state of Maine.

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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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Mastercard and The Clearing House deepen their partnership to zero in on new instant payments applications 

Tearsheet

Mastercard recently expanded collaboration with The Clearing House (TCH), with the shared goal of propelling the adoption of instant payments. This extended partnership will focus on integrating additional instant payment use cases across a range of payment flows for consumers, businesses, and governments. “Beyond extending our partnership with Mastercard, we intend to partner on innovating for the banks that use the network by looking for additional use cases that they’ve expressed interest in

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Klarna rolls out autofill consumer verification data service

Finextra

Klarna has rolled out a new service for customer data sharing with merchants, enabling a smoother checkout process and personalised offers for users.

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Fintech Poised for Greater Innovation and Consolidation in 2024

Fintech News

2024 is expected to be a year of innovation for the fintech industry, marked by advancements in artificial intelligence (AI), cross-border and real-time payments, cryptocurrency and blockchain, and bundled software-as-a-service (SaaS) offerings. At the same time, the sector is anticipated to witness a massive wave of consolidation as attractive capital continues to lack, forcing many firms to seek outcomes such as acquisition or closure, partners and advisors of venture capital (VC) firm Lightsp

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BNPL popularity rises among ‘financially fragile’ consumers

Payments Dive

About 60% of that group has used BNPL five or more times in the past year, compared to just over 20% of financially stable consumers, the New York Fed said.

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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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Cash App takes on Apple with a 4.5% APY for Savings Accounts (with direct deposit)

TechCrunch Fintech

Apple’s recent move to boost the interest rate for its Apple Card Savings Account to 4.5% is now prompting a competitor to do the same. Cash App today announced it will now offer “up to” a 4.5% APY (annual percentage yield) for its Cash App Savings customers, with a few caveats. While Apple’s Savings account […] © 2024 TechCrunch.

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Kema raises $2m to help B2B SMEs with cash flow

Finextra

UAE-based fintech SaaS platform Kema has raised $2 million in a pre-seed funding round led by Speedinvest.

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Crypto Crime Drops 39% But Challenges Persist, Including Ransomware Attacks, Transactions with Sanctioned Entities

Fintech News

In 2023, the value received by illicit cryptocurrency addresses amounted to US$24.2 billion, representing a 39% year-over-year (YoY) decline from US$39.6 billion in 2022, new data released by blockchain analysis firm Chainalysis reveal. Despite the notable drop and improvements, the prominence of sanction-related transactions and the growth of ransomware attacks remain key challenges for the industry to tackle.

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Toast to cut 550 employees

Payments Dive

The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.