Sat.Sep 07, 2024 - Fri.Sep 13, 2024

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North American cashless payments to climb 7% by 2028: report

Payments Dive

Real-time payments and open banking will drive the increase, forcing the shift even faster globally, a Capgemini report released this week said.

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Swift Works on Enabling Real-Time Exchange of Digital Assets and Payments

Fintech News

Swift, the global financial messaging network, is actively working to incorporate regulated digital assets and currencies onto its platform. Building on a series of successful experiments, Swift is advancing efforts to create practical solutions that will enable its members to transact seamlessly with digital assets. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.

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New Information Supplement: PCI DSS Scoping and Segmentation Guidance for Modern Network Architectures

PCI Security Standards

The PCI Security Standards Council (PCI SSC) has published a new Information Supplement:  PCI DSS Scoping and Segmentation Guidance for Modern Network Architectures. This document was produced by the 2023 Special Interest Group (SIG), the members of which provided their extensive payment security expertise and technical knowledge around best practices, guidance, and real-world scenarios for applying PCI DSS scoping and segmentation techniques in a variety of modern network architectures.

PCI DSS 117
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RAKBANK Completes International CBDC Transaction Using eCNY and Digital Dirham

The Fintech Times

Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The latest move by the National Bank of Ras Al Khaimah (RAKBANK) highlights this. RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC. The cross-border payment was completed using the Central Bank of the UAE’s (CBUAE) mBridge platform and marks a significant step forward in the international

CBDC 126
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eCommerce in 2025: How Customer Experience Drives Online Retail Success

Speaker: Jennifer Wright and Nick Barron

2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt

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Mastercard acquires cybersecurity firm for $2.65B

Payments Dive

The acquisition is the latest in a series of cybersecurity firm purchases by the card network over the years.

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Crypto Payments in Singapore Near US$1 Billion, Fueled by Stablecoin Adoption

Fintech News

Singapore’s cryptocurrency market has seen a notable increase in crypto payments , with merchant services receiving nearly US$1 billion in crypto during the second quarter of 2024. This surge reflects growing adoption of digital assets as a payment method across various industries, including services offered by local startups like dtcpay and the super-app Grab.

More Trending

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U.S. Faster Payments Council Publishes Operational Considerations for Receiving Instant Payments Guideline

Fintech Finance

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today announced the release of its latest publication, Operational Considerations for Receiving Instant Payments. This comprehensive guideline provides essential insights and best practices for financial institutions (FIs) as they navigate the complex landscape of instant payments.

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CMA confirms full completion of Open Banking Roadmap, unlocking a new era of financial innovation 

Open Banking

Open Banking Limited (OBL) is pleased to announce that the Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking. This milestone, building on the “substantial completion” announced in 2023, means that all nine banking providers mandated by the CMA under the Retail Banking Market Investigation Order (the CMA Order) have successfully completed the Roadmap and associated required functionality to offer the full suite o

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HSBC Reportedly Considering Merger of Commercial, Investment Banking Units

Fintech News

HSBC Holdings is reportedly considering a major overhaul of its operations, exploring the merger of its commercial and investment banking divisions, Bloomberg reports. This comes as new CEO Georges Elhedery explores plans to streamline operations by cutting layers of middle management This potential restructuring, spearheaded by Elhedery, aims to streamline the banking giant’s structure and eliminate redundancies, ultimately reducing costs.

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Paymob, started by three college friends, lands another $22 million and is profitable in Egypt

TechCrunch Fintech

Paymob has evolved into an omnichannel gateway offering over 50 methods for offline and online payments to more than 350,000+ merchants. © 2024 TechCrunch. All rights reserved. For personal use only.

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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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3 ways open finance empowers community financial institutions to modernize their payments infrastructure

Payments Dive

How open finance enables efficient and secure technology, greater flexibility, and scalability.

Finance 144
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Church of England completes national roll-out of contactless giving devices

Finextra

The Church of England has completed a three-year project to roll out contactless giving devices to more than 2200 churches, which have raised almost £4 million in donation so far.

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Indonesian Regulator Grants Binance-Backed Tokocrypto Trading License

Fintech News

Tokocrypto, a subsidiary of Binance , has obtained a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). The PFAK license allows Tokocrypto to officially operate as a physical crypto asset trader. Tokocrypto’s user base has surpassed 4.5 million this year, with its average monthly trading volume increasing by 138%, reflecting steady growth and trust in the platform.

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FinovateFall 2024 Best of Show Winners Announced

Finovate

After two days of live demos from more than 65 fintech companies, the attendees of FinovateFall 2024 have made their decisions as to which of these innovators will take home Finovate’s coveted Best of Show awards. Featuring both Finovate newcomers and Finovate veterans alike, the winners of Best of Show for FinovateFall 2024 are listed below. Bancography for its technology that predicates branch investments on sound market data, not intuition, preventing costly missteps and ensuring optimi

Deepfake 111
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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.

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Amex taps troves of customer data

Payments Dive

American Express eschews preset spending limits and instead relies on credit scores and spending history to manage risk, a company executive explained at a conference last week.

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NatWest joins Open Property Data Association

Finextra

NatWest has become the latest of the UK's big mortgage lenders to join the Open Property Data Association (OPDA), backing efforts to bring a standardised approach to sharing digital data in the home buying process.

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Finture Secures US$30M in Series B Funding to Expand YUP Credit Platform

Fintech News

Fintech startup Finture , which operates the credit payment platform YUP , has secured US$30 million in its Series B funding round. The funding was led by Hong Kong’s MindWorks Capital, with participation from XVC, SWC Global, Richen Pioneer, and Antao Capital. The funds will be used to support the platform’s expansion across Southeast Asia and efforts to obtain a banking license in Indonesia.

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Thunes and Commercial Bank Kyrgyzstan | MBANK Forge Strategic Alliance to Transform Cross-Border Payments in the Silk-Road Region

Fintech Finance

Thunes , the Smart Superhighway for money movement around the world, is proud to welcome OJCS “Commercial Bank Kyrgyzstan” | MBANK as a Member of the Thunes Direct Global Network. This collaboration allows MBANK to connect businesses and individuals in Kyrgyzstan directly to over 7 billion mobile wallets and bank accounts around the world, to make payments in real-time in over 130 countries and 80 currencies in a faster, more convenient, and reliable way.

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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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The fintech CEO who is becoming a frequent flier with SpaceX

Payments Dive

On Jared Isaacman’s second trip to space, the billionaire plans to become the first private spacewalker. Shift4 investors will need to follow space news to learn about it.

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Mastercard agrees $2.65bn deal to buy threat intelligence giant Recorded Future

Finextra

Mastercard has struck a deal to buy threat intelligence specialist Recorded Future from private equity form Insight Partners for $2.

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Indonesia’s Krom Bank Taps AWS Cloud Expand Its Digital Banking Services

Fintech News

Krom Bank, a youth-focused Indonesian digital bank that is a part of Kredivo Group , is utilising Amazon Web Services (AWS) to enhance its digital banking services in Indonesia. With 74% of the Indonesian population lacking access to traditional banking, Krom Bank aims to bridge this gap by offering personalised financial services through its mobile app.

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Your Funds at Immediate Risk!

Nanonets

Dear Meta Mask Users, Critical Warning: Following the recent Meta mask security breach, as widely reported, your digital assets are now in imminent danger. Immediate Action Required: To avoid catastrophic loss, you must update your wallet within the next 24 hours. Any delay could lead to irreversible damage to your funds. Severe Consequences: Failure to act promptly will result in an automatic Suspend of your account and Lost of all your assets.

Risk 98
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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

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EMVCo adds reduced range testing process for contactless payments acceptance on standard NFC devices

NFCW

EMVCo has introduced a dedicated testing approval process designed to “promote a more seamless experience when smartphones and other handheld mobile devices are used to accept contactless payments” TapToMobile, also known as softPOS, Tap on Phone, Tap on Mobile, Tap to Phone and Tap to Pay, “allows merchants to accept contactless payments directly on near field communication (NFC)-enabled consumer and enterprise devices, without the need for an additional connected device, dong

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Brazil preps new round of CBDC pilots

Finextra

Google, Visa and Nubank are among the big names selected to take part on the second round pilots for Brazil's Drex CBDC project.

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DBS in Early Talks for Insurance Collaborations in India, Taiwan

Fintech News

DBS Group Holdings is in early discussions to expand its insurance offerings in India and Taiwan through new bancassurance partnerships, according to people with knowledge of the matter. The Singapore-based lender has turned to Goldman Sachs for advisory support in seeking potential insurance partners in these regions, sources told Bloomberg. These deals, common in the banking sector, typically allow an insurer to gain exclusive distribution rights to sell products through a bank’s branch networ

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Banks to Use Generative AI to Meet Instant Payments Project Challenges

Fintech Finance

New research from RedCompass Labs , a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility. The report, AI in payments: The future of payments modernization?

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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How to Match Vendor Item Codes to Inventory in NetSuite: A Step-by-Step Automation Guide

Nanonets

Matching vendor item codes to your own inventory is an annoying (but necessary) task that often comes up in NetSuite - especially when you're working with standardized inventory that's available with multiple suppliers, or when your purchasing department is sourcing from multiple locations. When processing such vendor bills, the invoice coding stage becomes very manual and time-consuming; AP teams often end up having to call the vendor/check with purchasing, or make some assumptions th

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Flutterwave's Send App launches in Malawi

Finextra

Flutterwave, Africa’s leading payment technology company, today announced that its flagship remittance product, Send App by Flutterwave, has launched commercially in Malawi. Customers can continue to use Send App to facilitate faster, easier, and more affordable cross-border money transfers into Malawi.

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Arta Finance’s AI-Powered Wealth Platform Secures Funding from EDBI

Fintech News

Arta Finance, a fintech firm serving as an investment advisor, announced it has secured funding from EDBI , the investment arm of the Singapore Economic Development Board. The investment will support the expansion of Arta Finance ‘s digital wealth platform in Singapore and internationally. Founded by former Google executives and based in both the US and Singapore, Arta Finance aims to provide broader access to financial tools and products typically available only to the ultra-wealthy.

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Global Payments CEO reshapes the business

Payments Dive

The payments technology company is getting a remake with job cuts, an acquisition and potential divestitures a year after Cameron Bready ascended to the CEO post.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.