Sat.Mar 30, 2024 - Fri.Apr 05, 2024

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Remote Work Business Continuity: Best Practices

VISTA InfoSec

Incorporating remote work among companies has been one of the developments in recent years. In fact, a staggering 98% of employees express their desire to have this kind of dynamic in their jobs. The shift is here to stay as more and more organizations are adopting it as part of their work culture because of its many advantages. This integration is essential as employers move forward with their business continuity plans.

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Amazon to drop ‘just walk out’ at some grocery stores

Payments Dive

The e-commerce giant will replace the grab-and-go tech with its smart shopping carts in its Amazon Fresh grocery stores, a tech media outlet reported.

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Laos and Brunei Joins ASEAN’s Initiative for Real-Time Cross Border Payments

Fintech News

The Central Bank of Brunei Darussalam (BDCB) and the Bank of the Lao PDR (BOL) have formally joined the Regional Payment Connectivity (RPC) initiative. This expansion brings the number of ASEAN central banks involved in the RPC to eight, joining the ranks of Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. The initiative, which began in late 2022, aims to make cross-border payments faster, more affordable, transparent, and inclusive, leveraging technologies like QR code-based

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Ripple plans stablecoin

Finextra

Crypto and blockchain giant Ripple is launching its own dollar-pegged stablecoin.

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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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5 Common Cybersecurity Blunders Often Made by Commercial Enterprises

VISTA InfoSec

Big businesses carving out their place in the digital age find themselves in a constant battle against cybersecurity threats. Despite their access to state-of-the-art technology and substantial financial resources, these commercial giants are not impervious to attacks. The complexity of their networks and the voluminous data they handle magnify their attractiveness as targets for cybercriminals.

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How Amex is entangled in the Visa-Mastercard settlement

Payments Dive

The settlement gives merchants the ability to surcharge for nearly all Visa and Mastercard credit card transactions, and puts pressure on American Express to allow the same.

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Five Fintech Trends That Will Shape 2024

Finextra

Navigating the ever-evolving landscape of banking trends amid fierce competition can be daunting. Re.

FinTech 134
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Nacha Evening Event, Co-Hosted by the FPC and Finzly

Faster Payments Council

Join us for a drink at Mickey Burkes and enjoy great conversation with other FPC members and payments professionals in town for Nacha's Smarter Faster Payments 2024 Conference. Mickey Burkes is a 5-min car ride or 15-min walk from the Miami Beach Convention Center. Co-hosted by the FPC and Finzly, the happy hour will be on Tuesday, May 7 from 7:00-9:00pmET.

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Credit card complaints jumped 38% last year: CFPB

Payments Dive

The Consumer Financial Protection Bureau received 70,000 card-related complaints from consumers last year, according to a report last week.

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What Should We Expect to See From Embedded Finance in 2024?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. As time passes, consumers are seeing the number of embedded finance offerings increase across the wide range of products and services they use.

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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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Beyond the buzzword: applications of Generative AI across Banking and Financial Services

Finextra

Throughout history, radical new ideas have always been the catalyst for profound change. From a tech.

AI 133
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BIS and 7 Central Banks Launch Project Agorá for Tokenised Cross-Border Payments

Fintech News

The Bank for International Settlements (BIS) , in concert with seven prominent central banks, has embarked on an exploratory project known as Project Agorá aiming to modernise international monetary transactions. This initiative, named after the Greek word for marketplace, aims to delve into the potential benefits of tokenising cross-border payments to enhance the global monetary system’s efficiency.

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Fiserv to let Brazilians use Pix in US

Payments Dive

The payments processing giant is providing support to extend the Brazilian instant payments system to merchants and consumers around the world.

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NFC Forum survey finds majority of consumers now prefer making payments with their mobile phone 

NFCW

More than 80% of the respondents to a survey conducted by ABI Research on behalf of the NFC Forum said they have used a smartphone or smartwatch to make a contactless payment. Of those that have made a mobile contactless payment, more than half say they would prefer to use their smartphone or smartwatch to make a payment rather than their card — and 95% say they have left their physical wallet or purse at home on at least one occasion, choosing instead to rely solely on mobile payments. 53% said

Consumer 122
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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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Amazon removes Just Walk Out technology from Fresh stores

Finextra

Amazon is removing its cashierless "Just Walk Out" technology from its Fresh grocery stores in the US.

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Payment and Crypto Identified as Top Targets for Identity Fraud in Q4 2023

Fintech News

In Q4 2023, the payment and cryptocurrency sectors were the most targeted industries by identity fraud attempts, accounting for 47% and 32% of these attacks, respectively, a new report by Israeli identity verification company AU10TIX says. The rise of attacks targeting the crypto sector comes amid renewed interest in the emerging sector and increased trading activity.

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Virtual marketplaces risk real losses: CFPB

Payments Dive

Virtual worlds “can become a haven for scams, fraud, financial losses, and unanticipated purchases that can deplete a family’s real-world financial assets,” CFPB Director Rohit Chopra said.

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Robinhood’s new Gold Card, BaaS challenges and the tiny startup that caught Stripe’s eye

TechCrunch Fintech

Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we’re looking at Robinhood’s new Gold Card, challenges in the BaaS space and how a tiny startup caught Stripe’s eye. To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:30 a.m. PT, subscribe here. The big […] © 2024 TechCrunch.

FinTech 118
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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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ValidMind raises $8.1m for AI risk management platform

Finextra

ValidMind, an AI and model risk management platform for financial services, has raised $8.1 million in seed funding.

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Hello, NFCW readers!

NFCW

After fifteen years of reporting week in, week out on the latest NFC and contactless news, the NFCW team was forced to take a health break in January — but we’re now back with renewed vigor and new plans to dig deep into the latest trends and technologies. “Twenty years after Nokia, Sony and Philips came together to start an industry association with a mission to create a global contactless communications standard, NFC is now — at last — ready to truly take off,” says Sarah Cla

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MAS Bolsters Crypto Payment Rules, Here’s What You Need to Know

Fintech News

The Monetary Authority of Singapore (MAS) has announced revisions to the Payment Services Act (PS Act) and related regulations, marking a significant expansion in the regulation of payment services within the country. The amendments, which are set to be implemented in phases starting from 4 April 2024, aim to encompass a broader range of payment services under MAS oversight and introduce new user protection and financial stability requirements for providers of digital payment tokens (DPTs).

Rules 117
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Xoom Enables PayPal USD as a Funding Option for Cross-Border Money Transfers

PayPal

Xoom users will pay no transaction fees when using PayPal USD to fund eligible transfers to friends and family abroad

PayPal 111
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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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BofE and FCA issue draft guidance on Digital Securities Sandbox

Finextra

UK regulators are inviting feedback on draft guidance for firms looking to enter the country's new Digital Securities Sandbox (DSS).

Security 122
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Fiserv has ambitious goals for Clover. Can it meet them?

Payments Dive

To achieve growth targets, Clover will need to fend off competition from rivals, especially Square, and make headway in new verticals and geographic regions, analysts and consultants said.

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Grab to Discontinue GrabPay Card in June, Citing User Preference for PayLater, Wallet

Fintech News

Southeast Asian ride-hailing superapp Grab has declared that its GrabPay Card service will be phased out, effective 1 June 2024. The decision affects both digital and physical versions of the card. Starting from 1 April 2024, Grab will cease accepting new applications for the GrabPay Card. Cardholders can request a replacement for their physical cards until 30 April 2024, beyond which no replacement requests will be entertained.

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Deploying an OCSP architecture with high availability

Axway

Environments mandated by public key infrastructure (PKI) often require an online certificate status protocol (OCSP) architecture. Government agencies rely on OCSP to validate digital certificates. The same holds for financial and healthcare organizations.

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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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Soroban Smart Contracts and Their Impact on the Stellar Blockchain

Finextra

The release of the smart contacts platform Soroban on the Stellar blockchain in February 2024 marked.

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Exploring the evolution of payments with Judith McGuire, SVP of Global Products at Discover Global Network

Tearsheet

Expectations for instant gratification permeate many aspects of consumer behavior. This extends beyond products or services to payments, where consumers expect swift, hassle-free processes that align with their fast-paced lifestyles and the convenience of modern technology. With Capital One’s acquisition of Discover on the horizon, I spoke with Judith McGuire, SVP of Global Products at Discover Global Network, about the evolution of the payments industry over the past decade, how Discover

Product 103
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Fintech M&A in Asia-Pacific Poised for Rebound After 2023 Nosedive

Fintech News

Fintech Mergers and acquisitions (M&A) in Asia-Pacific (APAC) declined by nearly 15% in Q3 2023, with total deals dropping from 141 in Q2 2023 to 132 in Q3 2023, a report by market data and intelligence platform S&P Global Market Intelligence says. The figure marks a considerable decline compared with the 155 deals recorded during the same period a year ago.

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Beyond the Buzz: Crafting Your Path to IPO Readiness

FloQast

After taking an extended vacation, IPOs are back big, and many companies are thinking about what it means to be IPO-ready. With an IPO being such a pivotal moment in a business’s life cycle, it definitely pays to prepare. Our own Accounting Operational Evangelist, Stefan van Duyvendijk , sat down with DFIN’s Justin Lewis to discuss what it takes to ensure a company’s readiness for its initial public offering.

Checks 102
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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.