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

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What is Net Revenue Retention and How to Calculate It?

The Finance Weekly

You're a business owner looking to expand your business by encouraging existing customers to spend more on your business. Let’s say you hand them out a loyalty card. Every time they buy something from your store, they rack up points. These points add up throughout the year, rewarding them with tokens from you. This is where Net Revenue Retention (NRR) comes into play.

Acquirers 246
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Zelle, big banks challenge senators on scam reimbursements

Payments Dive

Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing.

Zelle 179
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Tim Berners-Lee unveils data wallet

Finextra

Tim Berners-Lee is eying the next phase of the web as his company Inrupt launches a white-label "data wallet" that lets people store, manage and share their data.

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13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

13 fintech companies from Southeast Asia have been named among this year’s top 250 fintech companies worldwide, recognized for their growth and significant impact on the global fintech landscape. These companies are featured on the World’s Top Fintech Companies 2024. The list, produced by CNBC in collaboration with market research firm Statista, highlights the world’s top 250 fintech companies across eight market categories: payments, wealthtech, business process solutions, neobanking, alternati

FinTech 131
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A Roadmap For Modernization: How To Break Free From Your Monolith Before July 31, 2026

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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Future of Payments – Part 2

Open Banking Excellence

17th September 2024 Live Event Linkedin Twitter Future of Payments Payments is the largest sector in FinTech bringing with it high levels of innovation, disruption and even controversy. We have speakers from Revolut, Payji, APEXX Global and Ashfords covering future trends in payments. Come along to hear about propective developments and perhaps provide your own views and insight.

Payments 130
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Visa, Mastercard say CrowdStrike didn’t impact networks

Payments Dive

Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.

More Trending

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What Can We Learn From Payment System Failures and Global IT Outage?

The Fintech Times

As global outages hit banking firms and payments worldwide, are we to be forever doomed by glitches, power outages and cyberattacks? Possible solutions may exist, but what are they? It’s been a bad week for global payment and IT systems, as the Clearing House Automated Payment System (CHAPS) experienced a major outage causing serious issues in the UK, swiftly followed by a Microsoft outage that caused havoc for banking firms across the globe.

Payments 122
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Attend the Payment Industry Event of the Year

PCI Security Standards

Prepare to immerse yourself in a world of innovation and expertise as the PCI SSC Community Meetings unite the foremost thinkers in payment security. Welcoming individuals from all corners of the payments industry, we invite anyone in the payment space to register and seize the chance to explore cutting-edge advancements, exchange insights, and enhance their understanding of global payment security.

Payments 120
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How open finance powers a more inclusive and collaborative payments industry

Payments Dive

Open finance is transforming payments – here’s what financial institutions need to know.

Finance 148
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Lloyds expects to save $901M through tech in 2024

Bank Automation

Lloyds Bank is looking to modernize its platform through AI and beefing up its tech team. “By digitizing end to end and modernizing our technology estate, we’re increasing efficiency benefits as we scale,” Chief Executive Charlie Nunn said during the bank’s second-quarter earnings call today.

AI 124
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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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FTC investigates 'surveillance pricing' based on customer data

Finextra

The Federal Trade Commission is investigating how companies including Mastercard and JPMorgan Chase use AI and personal data for services that let firms set different prices for different people.

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Cash Transactions in Singapore Projected to Fall to 7% by 2027, Says Worldpay

Fintech News

The use of cash in Singapore is expected to decline significantly by 2027, according to the 2024 Global Payments Report by payment processing company Worldpay. The report projects cash use in Singapore will decrease from 15% (S$23 billion) of point-of-sale transaction value in 2023 to 7% (S$11.4 billion) by 2027. In Singapore, digital wallets such as Apple Pay, GrabPay, and DBS PayLah!

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Fiserv to leverage artificial intelligence to help merchants

Payments Dive

The payments behemoth says its data team will use AI to mine transactions on its products to help merchants and financial institutions profit.

AI 148
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Movers and shakers: Alliant Credit Union appoints Jamie Warder as CIO

Bank Automation

Chicago-based Alliant Credit Union has selected Jamie Warder as its chief information officer and head of business strategy, effective July 8. In his new role, Warder is responsible for the technology and business strategy at the $20 billion credit union, according to a company release.

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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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How Are Incumbents Adjusting Their Offerings to Become More Accessible?

The Fintech Times

Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change. When thinking about a financial service doing ‘good’, one of the first things that comes to mind is accessibility.

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Former LSEG Exec David Runacres Joins Broadridge as APAC President

Fintech News

Broadridge Financial Solutions has named David Runacres as President of its Asia-Pacific (APAC) operations. Based in Tokyo, Runacres will oversee the company’s regional activities and also serve as Senior Country Officer for Japan, a key market for Broadridge ‘s growth strategy. Runacres comes from the London Stock Exchange Group (LSEG), where he led the Japan division for 12 years.

APACS 119
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Fed fines Green Dot $44M over prepaid cards

Payments Dive

The consent order has been expected since February, when Green Dot revealed that reasonable associated losses could total $50 million.

Fed 148
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Go Global: Introducing Privat 3 Money’s multi-currency account

The Payments Association

Privat 3 Money introduces a multi-currency account in collaboration with ClearBank, enabling seamless transactions in EUR, USD, CHF, and CAD under a single IBAN. Key features include simplified international transactions, user-friendly FX solutions, and API-driven technology for enhanced control. This service is ideal for travellers, online shoppers, and businesses navigating global markets.

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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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Kasheesh Introduces Multi Use Card: Split Payments Across Multiple Cards for Flexibility, Convenience, and Credit Optimization

Fintech Finance

Kasheesh , the first digital payment platform that allows anyone to split payment for online purchases anyway they want across multiple credit cards, today announces the launch of the Multi Use Card. Kasheesh’s Multi Use Card offers one, reusable card that can split purchases across up to five debit, credit cards, and gift cards by choosing a percentage for each.

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HSBC Australia to Block Payments to Crypto Exchanges from July 2024

Fintech News

HSBC Australia will automatically block all payments to cryptocurrency exchanges, starting in July 2024. According to HSBC Australia, this is a part of a new policy aimed at protecting its customers from fraud and scams. This measure means any attempt to transact with these exchanges using HSBC accounts or cards will be blocked, and the funds will remain in the customer’s account.

Blocks 118
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How retailers can drive more sales by meeting the financing needs of more customers

Payments Dive

Embracing secondary-credit offers enables retailers to offer credit to customers who have less-than-perfect credit, otherwise known as nonprime consumers.

Finance 148
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TigerBeetle is building database software optimized for financial transactions

TechCrunch Fintech

After doing some consulting for Microsoft to develop protections against zero-day exploits, software engineer Joran Dirk Greef worked with Coil, a web monetization startup in San Francisco, to help build its payments infrastructure. At the time, Coil was using a traditional database to store and process transactions. But Greef had the insight that a specialized […] © 2024 TechCrunch.

Database 109
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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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BofA’s CashPro App Surpasses $500 Billion in Payment Approvals

Fintech Finance

Bank of America has seen the adoption and use of its CashPro App for corporate payment approvals accelerate significantly over the last couple of years. Corporate payment approvals completed via the CashPro App surpassed a record $500 billion as of the middle of this year – up nearly 40% compared to the middle of last year – and are on pace to reach a trillion dollars by the end of 2024.

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Strengthening Financial Resilience: Huawei’s Role in the Future of Finance

Fintech News

The financial sector is on the edge of a major transformation powered by continuous technological advancements. At the recent Huawei HiFS Frontier Forum 2024 in Shenzhen, industry leaders discussed how cloud, network, storage, and computing infrastructures can strengthen financial systems’ resilience. The forum’s theme, “ Boost Resilience, Reshaping Smarter Finance Together ,” encapsulates the industry’s collective ambition to navigate the challenges of an uncertain

Finance 116
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How to speed up FedNow adoption

Payments Dive

“Interfaces need to be standardized to ensure a consistent and reliable payment experience for businesses and consumers,” writes one payments software executive.

FedNow 113
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Fintech in Emerging Markets: Opportunities and Challenges

Fintech Review

In emerging markets, fintech is profoundly transforming financial services. These markets, often characterised by underdeveloped financial infrastructure , benefit significantly from fintech innovations. This article delves into how fintech is reshaping financial services in these regions. We will explore success stories, the pivotal role of mobile money , and the unique challenges faced.

FinTech 105
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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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The Search for Payment Page Perfection

Segpay

There’s been a lot of talk about changes to cross-sales and checkout pages. You’ve likely noticed that acquirers are actively pushing back on allowing merchants to offer a negative option, upsell, or cross-sell on payment pages. Our U.S. and many of our EU acquirers no longer support these additional sales. The bank will reject or decline the account even if we present a merchant with an existing biller payment form, a negative option, or an opt-out cross-sale on a payment page.

FTC 105
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HSBC, SBF to Support Singapore Businesses’ Expansion to Key Trade Corridors

Fintech News

HSBC and the Singapore Business Federation (SBF) signed a Memorandum of Understanding (MOU) to help Singapore businesses explore growth opportunities in key trade corridors such as the Greater Bay Area, India, and the Middle East. The agreement aims to leverage HSBC ‘s global network and range of solutions to support local businesses in their sustainable transition and international expansion.

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PayPal changes chairman, reduces board size

Payments Dive

PayPal’s chairman of nine years left that post this week, and was replaced by one of the board’s newer members.

PayPal 109
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MIntos expands to Portugal

Finextra

Following its successful entrance in other EU nations, Mintos, the multi-asset investment platform offering a unique mix of alternative and traditional investment options, continues its European rollout by making its official debut in the Portuguese investment market.

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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.