Sat.Jan 20, 2024 - Fri.Jan 26, 2024

article thumbnail

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.

Acquirers 183
article thumbnail

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.

AI 134
article thumbnail

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

Venmo 131
article thumbnail

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.

PCI DSS 130
article thumbnail

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.

article thumbnail

Credit card delinquencies rise, especially for low-income earners

Payments Dive

Credit cards balances, auto loans and high rents are straining low-income consumers’ limited budgets, the New York Fed details in a new report.

article thumbnail

General Catalyst leads $200M investment into Bilt Rewards, doubling its valuation to $3.1B

TechCrunch Fintech

Bilt Rewards, whose platform aims to allow consumers to earn rewards on rent and daily neighborhood spend, has raised $200 million at a $3.1 valuation, the company announced today. General Catalyst led the financing, which more than doubles the New York-based company’s valuation compared to its $150 million October 2022 raise. Eldridge and existing backers […] © 2023 TechCrunch.

Finance 130

More Trending

article thumbnail

PayPal unveils AI-based products

Finextra

PayPal has unveiled a host of new AI-driven features for the new year but the plans failed to convince the market, with the payment giant's shares down more than four per cent in afternoon trading.

PayPal 128
article thumbnail

CBDCs, Green Finance Among BIS Innovation Hub Projects Announced for 2024

Fintech News

The Bank for International Settlements (BIS) has recently announced a new series of projects for its 2024 Innovation Hub programme. This initiative includes various projects, each focusing on financial technology and security aspects. Green Finance In 2024, the BIS Innovation Hub, Singapore Centre, is leading Project NGFS Data Directory 2.0, which aims to improve the Network for Greening the Financial System (NGFS) data directory platform.

article thumbnail

Brex cuts 20% of staff amid reports of stalled growth, high burn

TechCrunch Fintech

Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today. The once high-flying fintech startup sent a note to employees (that was also published on the company’s website) today, announcing the news. In addition, Brex announced that its COO, Michael Tannenbaum, […] © 2023 TechCrunch.

FinTech 128
article thumbnail

Eventbrite brings tap to pay to the events industry

NFCW

Event ticketing platform Eventbrite is taking the first steps towards allowing organisers to accept contactless payments at the door on standard NFC devices via the company’s Organizer app, “letting attendees breeze through ticket and event purchases with a simple tap on their phone.” The company’s Tap to Pay feature will eventually be offered to all Eventbrite users at no cost and “allows event organizers to effortlessly accept cashless payments, both at the door and bey

article thumbnail

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

article thumbnail

The Bank of Missouri signs with i2c

Finextra

I2C Inc., a leading provider of banking and payments solutions, announces a five year partnership with The Bank of Missouri (TBOM) a celebrated community bank renowned for its pioneering digital banking initiatives.

article thumbnail

Bridging the Gap in Modern Data Management

Fintech News

In the fintech industry, where data flows are as crucial as financial currents, adeptly managing vast volumes of information is beneficial and essential. The sector is witnessing a pivotal shift from traditional database systems to more sophisticated and scalable solutions. This evolution is driven by the necessity to handle complex data efficiently, securely, and reliably, making advanced data management strategies a cornerstone for success in today’s digitally driven financial landscape.

Database 123
article thumbnail

It’s fun watching fintech startups grow

TechCrunch Fintech

Covering companies' growth from the seed stage gives reporters a glimpse of what investors must feel like. © 2023 TechCrunch. All rights reserved. For personal use only.

FinTech 125
article thumbnail

Biometric card pioneer backs away from payments citing lower-than-expected market uptake

NFCW

BIOMETRIC PAYMENT CARDS: “Neither market adoption nor the [expected] pace of commercial launches has materialized”, says Zwipe Biometric card pioneer Zwipe is shifting its focus from payments to instead target the access control market after seeing disappointing market adoption of biometric payment cards. “As a result of the change in strategic focus, the company has initiated a restructuring process that is expected to reduce operational costs, particularly related to Zwipe P

article thumbnail

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?

article thumbnail

Sponsor a Coffee with the Council Podcast

PCI Security Standards

The PCI Security Standards Council is now offering sponsorship opportunities for its award-winning podcast series, Coffee with the Council. Established in 2022, Coffee with the Council produces monthly episodes which seek to engage the payment industry by communicating Council news and updates, interviews, panel discussions, and much more. The podcast is syndicated across more than a dozen popular platforms including Spotify, Apple Podcasts, Google Podcasts, Audible, Pandora, iHeartRadio, and ma

Security 116
article thumbnail

ServiceNow Lands AI Partnerships with Visa and EY

Fintech News

ServiceNow, a provider of digital workflow services, has recently broadened its partnership with both EY and Visa, focusing on AI-driven compliance solutions and the transformation of payment services. These collaborations mark another noteworthy step in the integration of advanced AI technologies in compliance and financial services. ServiceNow Gen AI to help EY risk management The alliance with EY involves ServiceNow offering solutions in generative AI (Gen AI) for compliance, governance, and

AI 120
article thumbnail

Klarna introduces $7.99 ‘Klarna Plus’ subscription plan as it approaches an IPO

TechCrunch Fintech

Swedish fintech company Klarna announced today its first subscription plan, “Klarna Plus,” for $7.99 per month, featuring benefits like no added service fees when using Klarna’s One Time Card, double rewards points and access to exclusive discounts with popular brands. The company also has a new welcome offer for subscribers, saving them $8 on their […] © 2023 TechCrunch.

FinTech 122
article thumbnail

Tink launches risk engine to unlock instant payments

Finextra

Open banking platform Tink has launched a rules-based risk engine to protect merchants from fraud on instant payment rails.

article thumbnail

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.

article thumbnail

Google signs deal to take UPI beyond India

NFCW

Google Pay is to take India’s Unified Payments Interface (UPI) real-time payments system to other countries after signing a deal with the service’s manager, National Payments Corporation of India (NPCI). NPCI is the umbrella organization for operating retail payments and settlement systems in India. The agreement with Google Pay India has three aims, say the partners: To enable Indians to make transactions abroad using UPI when they travel internationally.

article thumbnail

Here Are The Top 7 Fastest Growing Fintechs in Singapore

Fintech News

In the global financial landscape, Singapore has carved out a niche for itself as a thriving hub of fintech innovation. The annual list curated by The Straits Times and German research house Statista, showcasing the 100 fastest-growing fintechs in Singapore, indicate how fintech firms have progreessed in an uncertain and volatile funding climate. To compile this meticulous list, Statista sifted through over 2,000 companies based in Singapore.

FinTech 117
article thumbnail

Law firms jockey for payments action

Payments Dive

A proliferation of payments and fintech players has sparked a contest for talent among law firms seeking to meet clients’ needs.

Laws 109
article thumbnail

Bank of England and HM Treasury's response to Digital Pound consultation: What is next?

Finextra

The Bank of England (BoE) and HM Treasury published a response to their joint consultation paper o.

article thumbnail

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.

article thumbnail

EU calls for feedback on proposed settlement with Apple over NFC chip access

NFCW

INCENTED PROPOSAL: Apple says it is ready to open up NFC host card emulation in the European Union INCENTED PROPOSAL: Apple says it is ready to open up NFC host card emulation in the European Union INCENTED PROPOSAL: Apple says it is ready to open up NFC host card emulation in the European Union Apple has proposed to settle the European Commission’s Case AT.40452 – Mobile Payments by providing a new set of APIs that approved developers will be able to use to provide a host card emulation-b

CHIPS 107
article thumbnail

Software Startup Bluesheets Raises US$3.5M in Series A Funding

Fintech News

Bluesheets, a Singapore financial automation software company, has successfully secured US$3.5 million in fresh equity funding during its Series A funding round, as confirmed by regulatory filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Illuminate Financial Management, a venture capital investor in financial enterprise software companies, was the anchor investor for this round, contributing US$3 million.

article thumbnail

Payment Processing 2024 Market Statistics in Canada

Clearly Payments

In this 2024 report, we’ll explore how payment methods have evolved in the Canadian market, focusing particularly on the shift towards digital, contactless payments , and mobile along with other 2024 trends. We’ll delve into the impact of this trend on businesses, including the challenges and opportunities they face in adapting to changing consumer preferences.

Process 105
article thumbnail

Revolut unveils Mobile Wallets for cross-border payments

Finextra

Fintech giant Revolut has launched a service, Mobile Wallets, designed to make it easy to send money abroad.

article thumbnail

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.

article thumbnail

THE ABC’S OF K-Y-B AND K-Y-C

Segpay

3 minute read As a payment processor, we spend a lot of time on Know Your Business (KYB) and Know Your Customer (KYC), and if you’ve spent some time on this process, you know how difficult it can be. The reason we go through it is to be sure we are onboarding a good merchant. After all, this important step becomes one of the first lines of defense in the fight against fraud.

article thumbnail

DOKU Releases Wallet as a Service for E-Wallet Infrastructure Integration

Fintech News

Fintech firm DOKU recently announced the release of its new service, Wallet as a Service (WaaS). This new service provides an e-wallet infrastructure with APIs. This enables businesses to integrate e-wallet functions within their existing systems, thus allowing customers to use an embedded wallet feature. The company says this development utilises DOKU’s e-money and e-wallet licenses in compliance with regulatory standards.

article thumbnail

Are banks good at lending?

Fintech Review

The landscape of financial lending has undergone significant changes over the past few decades. At the forefront of this evolution is bank lending, a traditional pillar of financial support for individuals and businesses alike. As an integral part of the economy, bank lending has been scrutinized, with questions raised about its effectiveness and efficiency.

article thumbnail

There should be no doubt

Finextra

Every organisation (enterprises, states, municipalities, 3rd sector) should asap deploy the now avai.

105
105
article thumbnail

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.