Sat.Aug 12, 2023 - Fri.Aug 18, 2023

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Consumer spending rose 4% in July: Fiserv

Payments Dive

The retail sector drove overall card spending growth, but average ticket sizes have dipped due to declining inflation, Fiserv said in its latest consumer spending report.

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Welcome to the Newest Associate Participating Organizations

PCI Security Standards

We are pleased to welcome the newest organizations that have joined as Associate Participating Organizations of the PCI Security Standards Council (PCI SSC). These organizations play a crucial role in supporting the evolution of the PCI Security Standards and programs and promoting the implementation of PCI Security Standards worldwide to protect payment data.

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Understanding ACH Payment Processing and the Importance of Using a Checking Account Verification Tool

Agile Payments

Understanding ACH Payment Processing and the Importance of Using a Checking Account Verification Tool

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Ant Group expands cross-border payment services for Asian Games 2023

The Paypers

Ant Group has offered multiple cross-border digital payment options for travellers at the Asian Games, an Olympics-style sport event for Asian countries in 2023.

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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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Discover CEO Roger Hochschild resigns

Payments Dive

The card issuer appointed board member John B. Owen as interim CEO and president on Sunday, effective Monday.

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Get a Sneak Peek at a Community Meeting Presentation on PCI Complexities in Higher Education

PCI Security Standards

Do not pass up the chance to collaborate and gain knowledge on the latest developments in payment security at the upcoming PCI SSC Community Meetings. These events feature presentations from some of the sharpest minds in payment security. Below Kevin Doar , CIA, CISA, CISM, ISA, Director - Merchant Services, University of Washington provides a preview of his presentation on PCI Complexities in Higher Education.

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Coinbase secures approval to bring federally regulated crypto to the US

The Paypers

Cryptocurrency exchange Coinbase has secured regulatory approval from the National Futures Association to offer access to eligible US customers to crypto futures.

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PayPal names Intuit exec as CEO

Payments Dive

Long-time Intuit executive Alex Chriss will lead the digital payments pioneer and join its board, as Dan Schulman steps down and plans to leave the board next year.

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Request for Comments: PCI Secure Software Lifecycle (Secure SLC) Standard v1.1?

PCI Security Standards

From 16 August to 15 September 2023, eligible PCI SSC stakeholders are invited to review and provide feedback on the currently published version of the PCI Secure Software Lifecycle (Secure SLC) Standard during a 30-day request for comments (RFC) period.

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8 Essential Tools for Crafting Engaging Employee Training Videos

Agile Payments

One of the best ways to conduct employee training is via videos.

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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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Check Point buys Perimeter 81 to augment its cybersecurity

The Paypers

US-based Check Point has acquired Perimeter 81 for USD 490 million to beef up its tools for remote and hybrid workers.

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Bill to compete with Intuit after partnership ends

Payments Dive

“Intuit has decided to compete on payments rather than partner,” Bill CEO Rene Lacerte told analysts Thursday.

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How to Lower Your Effective Processing Rate and Boost Your Bottom Line with National Processing

National Processing

Learn how to calculate your effective processing rate, what to consider when comparing that to the rates charged by other payment processors, and how National Processing works with merchants to keep their costs as low as possible. The post How to Lower Your Effective Processing Rate and Boost Your Bottom Line with National Processing appeared first on National Processing.

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3 Ways Merchants Can Ensure Online Payment Security

National Merchants Association

If you’re a Star Wars fan, you’ll remember the gatekeepers of the Sith holographic chronicles — the ancient repositories of wisdom that were only accessible by those experienced in the “Force.” Luke Skywalker prevented creepy creatures and mysterious monsters from stealing top-secret knowledge from these repositories. A payment portal or gateway works in much the same way.

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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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HAYVN Pay enables cryptocurrency payments for Gayo Aviation

The Paypers

HAYVN Pay, a global cryptocurrency payments provider, has partnered with luxury travel company Gayo Aviation , to integrate cryptocurrency payments into the latter’s services.

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Can PayPal’s incoming CEO jump-start profitable growth?

Payments Dive

The new leader may benefit the digital payments pioneer by focusing on small and mid-sized clients.

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Five pitfalls to avoid when choosing a PFaaS provider

Cardknox

Five pitfalls to avoid when choosing a PFaaS provider All PayFac providers are not created equal. As businesses increasingly embrace payment monetization, new solutions are gaining traction. In particular, many […] The post Five pitfalls to avoid when choosing a PFaaS provider appeared first on Cardknox.

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Worn and Returned: Don’t Let Wardrobing (and Other Returns Abuse) Ruin Your Summer

Accertify

Summer is well and truly underway, which means consumers have been ordering the latest looks for the season. That could mean a wedding outfit, clothes for a day at the races, or a new look for a week or two away. And it doesn’t just apply to clothing either. The majority of consumers will pay for what they order and keep it, but a fraudulent few will sidestep the expense by ordering the clothes they need, wearing them once or twice, and returning them to retailers afterwards.

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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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Brazil's Congress moves towards imposing higher cryptocurrency taxes

The Paypers

Brazilian legislators have been moving forward with laws that would increase taxes on cryptocurrencies held overseas.

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EWA advocates push back on Maryland guidance

Payments Dive

At least one earned wage access advocate is pushing back on Maryland’s recent guidance that labels some on-demand wage offerings as loans.

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What Is Dual Pricing?

Evolve Payment

Table of Contents A Revolutionary Credit Card Processing Strategy In the fast-paced world of financial decision-making, staying ahead of the curve is essential for any business seeking growth and success. This is especially true as you search for cost-reduction exercises to retain employees without cutting back on any other avenue of your company. As someone responsible for the financial health of your organization, you understand the importance of optimization to guarantee success.

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A Guide to Invoice Approval Workflow Automation

Nanonets

Automating Invoice Approval Workflows Invoice approval is a crucial step in managing the financial operations of any business. It involves verifying the accuracy and legitimacy of incoming invoices before they are paid, and then disbursing payments to vendors in time.  Traditionally, this process has been manual and time-consuming, often leading to errors and delays.

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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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Deloitte expands partnership with NVIDIA

The Paypers

Deloitte has expanded its partnership with NVIDIA aiming to utilise the latter’s AI technology to build generative AI solutions for enterprise software platforms.

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Jack Henry & Associates trims workforce

Payments Dive

The bank payment and technology services provider has offered an early retirement program that it expects to pare 160 employees.

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Open Banking USA Trends & Projections

Axway

Exploring the open banking industry in the United States Open banking in the USA is growing in adoption every day, and the Consumer Financial Protection Bureau’s preliminary timeline for upcoming regulation creates a new urgency to embrace open banking for …

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Guide to AP Automation: How to get started with Accounts Payable Automation

Nanonets

Every business must deal with purchase orders, bills, invoices, and payments to an array of vendors, who provide everything from basic supplies to high-value equipment and services needed for all the operations of the company. The Accounts Payable (AP) department is responsible for the procure-to-pay process of any well-organized company and deals with the entire purchasing workflow, starting from Purchase Order (PO) processing to final payment to vendors.

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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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Mastercard to acquire a stake in South Africa's MTN

The Paypers

Mastercard has decided to acquire a minority stake in the fintech arm of South Africa-based MTN , with a value of USD 5 billion.

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Discover ‘acting with urgency’ on Hochschild replacement

Payments Dive

Interim CEO John Owen also said the company has hired about 200 compliance officers in recent months as Discover bolsters regulatory and risk management efforts.

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Exact Payments CEO, Phil Levy, Discusses the Future of Fintech With The Strawhecker Group

Exact Payments

Exact Payments was honored to be chosen by globally recognized analytics and consulting firm, The Strawhecker Group, to be a part of their executive interview series. Exact’s CEO, Phil Levy, sat down with TSG’s Rachel Hartley to provide his insight on where the fintech industry is trending, growth initiatives, and our commitment to delivering the best payments experiences.

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Simplifying payment methods code in our new API version

Stripe

You can now configure payment method settings from the Dashboard—no code required. We call this integration path dynamic payment methods.

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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.