Sat.Feb 17, 2024 - Fri.Feb 23, 2024

article thumbnail

Mastercard to be dinged by Discover deal

Payments Dive

While both Mastercard and Visa will be impacted by Discover Financial Services’ plan to be acquired by card issuer Capital One, the former is likely to bear the brunt of the blow.

Visa 174
article thumbnail

Singapore warns banks to prepare for quantum computing cyber threat

Finextra

The Monetary Authority of Singapore has told the country's financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing.

article thumbnail

What Impact Is AI Going to Have on Cross Border Payments Security?

The Fintech Times

Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. In January 2024, we focused on generative artificial intelligence (AI) and how it has emerged onto the fintech scene following its boom in 2023. Artificial intelligence has many uses, and while it can be used for good, it can also be abused by bad actors.

article thumbnail

PCI DSS Requirement 7 – 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) requirements. Having covered the first six requirements in detail, we now turn our attention to Requirement 7. This requirement is a critical component of the PCI DSS that has undergone significant changes from version 3.2.1 to the latest version 4.0. Requirement 7 focuses on implementing strong access control measures.

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

Capital One to acquire Discover in $35.3B deal

Payments Dive

The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.

Acquirers 154
article thumbnail

Tap, click and pay: how digital payments seize the day

Finextra

The use of digital payments around the world continued to grow in 2022, while the number of cash withdrawals and small-denomination banknotes declined, according to BIS figures.

More Trending

article thumbnail

Alchemy Pay Now Supports AlipayHK, DANA, QRIS, and GCash for NFT Purchases

Fintech News

Alchemy Pay, a Singapore-based provider of fiat-crypto payment solutions, has expanded its services in Hong Kong and Southeast Asia through the integration of popular regional payment platforms into its NFT Checkout. This includes AlipayHK, Indonesian digital wallet DANA, Quick Response Code Indonesia Standard (QRIS), and the Philippines’ e-wallet GCash.

NFTs 128
article thumbnail

CFPB may take legal action against Block

Payments Dive

The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.

Legal 140
article thumbnail

Fintech firm Revenir AI pioneers hassle-free mobile VAT reclaim for travellers

Finextra

UK fintech startup Revenir AI has developed a white label app for banks to help travellers claim back VAT on purchases made abroad automatically using their phones.

AI 132
article thumbnail

Envestnet data and analytics revenue falls 7% YoY

Bank Automation

Envestnet data and analytics revenue fell during its fiscal fourth quarter amid rumblings in December of a Yodlee sale. The wealthtech giant’s data and analytics revenue fell 7% year over year to $38.6 million during the quarter, according to its earnings presentation.

124
124
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

Top Funded Fintech Startups in Indonesia in Early 2024

Fintech News

Who are the top funded fintech startups in Indonesia as of early 2024? With a rapidly growing economy and a tech-savvy population, Indonesia has become a hotbed for fintech innovation and startups, peering into the most well-funded fintech startups in ASEAN’s largest country can provide hints on what verticals investors are most bullish on in this region.

FinTech 125
article thumbnail

PSD3 and PSR: Towards a revolution in European payment services

Axway

Financial innovation is on the cusp of a major transformation with the imminent revision of the Payment Services Directive (PSD3) and the Payment Services Regulation (PSR).

article thumbnail

Digitisation is a priority for ESG initiatives – Paymentology

Finextra

ESG has a new meaning in 2024, with more and more financial institutions becoming increasingly transparent in their sustainable principles, and governments pushing harder for green regulation within the industry.

article thumbnail

Biometrics are UK Consumers’ Favourite Security Measure as Desire For Fraud Protection Increases

The Fintech Times

The need and desire for fraud protection has evolved. Once simply viewed as a necessary overhead, good fraud prevention measures are now a very strong way of obtaining new customers and keeping existing ones. In fact, nearly three in four consumers (73 per cent) rank good fraud protection as a top three consideration when opening a new account according to FICO research.

Consumer 122
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

OCBC to Offer S$9M Financial Aid to Junior Staff Worldwide Amid Rising Living Costs

Fintech News

OCBC Bank plans to distribute a one-time financial aid package totaling nearly S$9 million to its junior employees worldwide, aimed at alleviating the impact of escalating living costs. The disbursements are scheduled between February and March 2024. This initiative is expected to benefit approximately 14,000 employees across the bank’s various subsidiaries, including the Bank of Singapore, OCBC Securities, and Great Eastern Holdings, which constitutes over 40% of its global workforce spre

article thumbnail

Gen Z’s impact on credit is bigger than you may think

Tearsheet

Simon Khalaf is CEO of Marqeta. Gen Z has completely changed the narrative for many aspects of our society, including how they approach work and communication – as I know well, thanks to my own teenage daughter teaching me an entirely new vocabulary. Gen Z has also made a profound impact on the financial landscape so far. Contrary to common stereotypes, Gen Z exhibits a high level of fiscal responsibility and aversion to accumulating debt.

BNPL 121
article thumbnail

Frankfurt wins race to host new EU anti-money laundering agency

Finextra

Frankfurt has won the race to host the EU's new Anti-Money Laundering Authority (AMLA), beating out competition from eight other cities, including Dublin, Madrid and Paris.

article thumbnail

NatWest and Cogo Remove Complexity in Carbon Disclosure Process for SMEs

The Fintech Times

Despite many SMEs understanding the importance of green initiatives, and being aware of the current climate crisis and the impact they are having, many feel they do not have the skills necessary to make a difference. To ease these concerns, NatWest , the UK bank, has joined forces with Cogo , the carbon management platform, to build a carbon literacy toolkit.

Process 111
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

OJK Conducts In-Depth Probe on Investree Following CEO’s Misconduct Allegations

Fintech News

The Indonesian Financial Services Authority (OJK) is closely monitoring Investree , a fintech peer-to-peer lending platform, following public reports of potential operational and consumer protection violations. The regulator is conducting an in-depth investigation through direct examinations of Investree, responding to recent concerns raised by the public.

article thumbnail

SEB Kort: optimizing credit card payment processing with Axway B2B Integration

Axway

Axway’s B2B Integration platform came to the rescue for SEB Kort when they were ready for an upgrade. SEB Kort is a leading provider of credit card payments in the Nordic region.

article thumbnail

And the winner is.open banking payments

Finextra

Ecospend is looking to drive account-to-account payments into the mainstream via an open banking-only competition on national television network ITV.

Payments 122
article thumbnail

Difference Between Metrics and KPIs in the Payments Industry

Clearly Payments

In the payments industry, understanding and effectively measuring performance are crucial for businesses to stay competitive and meet customer demands. Metrics and Key Performance Indicators (KPIs) play vital roles in this process, offering valuable insights into various aspects of operations. However, it’s essential to distinguish between the two and recognize their respective significance within the payments ecosystem.

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

Sumsub to Showcase Digital Identity Verification Solutions at Seamless Asia

Fintech News

Singapore is one of the world’s leading hubs for fintech innovation. But with innovation comes risk – especially around identity verification and fraud prevention. That’s why forward-thinking payment platforms like dtcpay rely on partners like Sumsub. By implementing Sumsub’s no-code identity verification platform, dtcpay simplified Know Your Client (KYC) and onboarding to provide a smooth, secure user experience.

article thumbnail

Generative AI Unleashed: Transforming Industries with Cutting-Edge Innovation

Segpay

5 minute read In recent years, generative artificial intelligence (generative AI) has emerged as a powerful force reshaping various industries. This transformative technology, characterized by its ability to create content autonomously, is poised to revolutionize how businesses operate, interact with customers, and secure sensitive information. What is Generative AI?

AI 105
article thumbnail

Zilch launches 'Pay over 3 months' BNPL product

Finextra

UK buy now, pay later firm Zilch has expanded its consumer credit offering with the launch of a longer-duration zero-interest payment option designed for bigger ticket purchases abaove £75.

BNPL 120
article thumbnail

Post-IPO Excellence: Zoom’s Operational Transformation with FloQastPost-IPO Excellence:

FloQast

Zoom , the renowned video communications company headquartered in the Bay Area, has undergone a remarkable journey of growth and transformation, particularly highlighted by its IPO in 2019. However, with this success came the need to refine and optimize its financial operations to sustain its trajectory effectively. That’s where FloQast came in. In the wake of its IPO, Zoom faced the challenge of restructuring its month-end Close process to accommodate its expanding operations and to ensure com

Posting 105
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

Four Southeast Asian Stock Exchanges Agree to Build Joint ESG Ecosystem

Fintech News

Four major Southeast Asian stock exchanges – Bursa Malaysia, Indonesia Stock Exchange (IDX), the Stock Exchange of Thailand (SET) , and Singapore Exchange (SGX Group) – have united to form the ASEAN Interconnected Sustainability Ecosystem (ASEAN-ISE). This initiative aims to promote sustainable development within the ASEAN region by integrating common environmental, social, and governance (ESG) metrics into their data systems.

article thumbnail

CRIF Unveils its ESG Analytics Solution to Help FIs Access Sustainability Data

Finovate

European consumer and business credit data provider CRIF launched its ESG Analytics solution this week. The technology will give banks and financial institutions in the U.K. the ability to quickly and accurately assess the environmental, social, and governance (ESG) profiles of their U.K. and Europe-based suppliers, partners, and customers. ESG Analytics draws on more than 130 key indicators from data sources in the U.K. and Europe.

article thumbnail

Banks "barking up the wrong tree" over CBDC depsit flight says ECB

Finextra

The European Central Bank says banks are "barking up the wrong tree" when they fret over the impact of deposit flight from a future digital euro, arguing instead that stablecoins and electronic money institutions pose more of a threat to the deposit base.

CBDC 115
article thumbnail

Mastercard Backs Growing Philippines Gaming Market With New Atome Partnership

The Fintech Times

Atome , the digital financial services platform for Southeast Asia, is partnering with payments giant Mastercard , helping Atome cardholders in the Philippines convert rewards points into gaming credits via the ‘Mastercard Gamer Xchange’ (MGX). MGX, a new turnkey solution, facilitates a convenient exchange to help consumers convert their Atome reward points into gaming credits across nearly 4,000 of the world’s most popular gaming titles.

Visa 104
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.