Sat.Oct 05, 2024 - Fri.Oct 11, 2024

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The Plan for Merchants to Reduce Chargebacks

Basis Theory

Chargebacks damage budgets and reputations. Merchants need to have a plan to reduce chargebacks.

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Sneak Peek: 2024 Asia-Pacific Community Meeting Speakers

PCI Security Standards

The excitement is building as we get closer to this year’s Asia-Pacific Community Meeting ! To add to the anticipation, we’re giving you a sneak peek of some of the amazing sessions that will be featured in Hanoi, 20-21 November.

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New York Governor signs gun code law

Payments Dive

Gov. Kathy Hochul signed a new law Wednesday requiring merchants to use a gun code, saying it could help prevent mass shootings.

Laws 179
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PayPal uses stablecoin to pay invoice

Finextra

PayPal has for the first time used its proprietary PYUSD stablecoin to pay and invoice.

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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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Singapore Based WadzChain Launches Hybrid Blockchain to Simplify Global Payments for Businesses

Fintech Finance

WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses. WadzChain’s user-friendly interface and a highly scalable platform offers the ideal solution for businesses looking for secure, scalable, fast and cost-effective transactions locally or across the globe over encrypted blockchain networks.

More Trending

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Toast increases processing fees, adds surcharge feature

Payments Dive

The digital restaurant payments provider raised processing fees for some restaurant clients. Separately, it’s aiding clients in adding surcharges on their customers’ orders.

Process 179
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Ecommerce fraud to exceed $100bn by 2029

Finextra

The value of ecommerce fraud is set to rise threefold in the next five years, thanks to the impact of AI.

AI 121
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Revolut Business Partners with American Express to Expand Merchant Payments Acceptance Options

Fintech Finance

Revolut , the global fintech with over 45 million retail customers and hundreds of thousands of business customers globally, is now giving Revolut Business merchants in the UK the option to accept American Express Cards as a payment method for ecommerce, including through Revolut Gateway, Payment Links, and Tap to Pay on iPhone payments – with more in-person payment solutions to come later this year.

Payments 119
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Philippines Set to Showcase at Singapore Fintech Festival 2024

Fintech News

Fintech Alliance.PH announced that it will be joining the Singapore Fintech Festival 2024 to showcase its digital finance innovations. The event, one of the largest fintech gatherings globally, will be held from 6 to 8 November 2024, at the Singapore EXPO. Last year, Singapore Fintech Festival gathered 66,000 participants from 150 countries, and an even larger audience is expected this year.

FinTech 118
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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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Stripe partners with Nvidia, Pepsi and Rivian

Payments Dive

The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.

Payments 158
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NextGen: AI: AI adoption is thriving in the financial sector

Finextra

According to Lloyds, two out of three financial institutions are already investing in AI. Discover why at Finextra’s inaugural NextGen: AI event this November.

AI 117
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AI accounts for 31% of VC funding in Q3

Bank Automation

Global venture capital funding took a hit in the third quarter, but AI startups accounted for 31% of all global funding. Venture capital funding for startups globally dropped 21% year over year to $54.7 billion in Q3, according to CB Insights’ State of Venture Funding Q3 report, published Oct. 3. “This is surprising, because we […] The post AI accounts for 31% of VC funding in Q3 appeared first on Bank Automation News.

AI 115
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India’s Digital Banking Revolution Fueled by Innovation, Regulatory Support and Advanced Digital Infrastructure

Fintech News

The banking landscape in India has undergone a major transformation, driven by significant investments in digital infrastructure and innovations by both incumbents banks and new fintech entrants, a new analysis by the Digital Fifth, a fintech consulting and advisory firm in India, says. This dynamic ecosystem is supported by regulatory advancements and collaborative partnerships, which are expected to continue fostering innovation and growth in the sector.

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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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Treasury official calls for new regulatory framework

Payments Dive

The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.

Treasury 109
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TD Bank fined $3bn after money laundering guilty plea

Finextra

TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violating US anti-money laundering federal laws.

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JPMorgan Chase warns of inflated AI tech valuations

Bank Automation

JPMorgan Chase expects AI and other new tech to increase employee productivity but remains wary of AI tech companies’ inflated valuations. “Tech valuations, or any valuations, won’t stand these very inflated values,” Chief Executive Jamie Dimon said during the bank’s third-quarter earnings call today. The bank has a significant cash surplus “sitting in the store” […] The post JPMorgan Chase warns of inflated AI tech valuations appeared first on Bank Automation News.

AI 110
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Singapore Ramps Up Anti-Money Laundering Measures After S$3 Billion Bust

Fintech News

Singapore is enhancing its anti-money laundering (AML) framework with new recommendations from the Inter-Ministerial Committee (IMC). This comes after a review sparked by the high-profile money laundering case in August 2023, in which more than S$3 billion worth of assets were seized. The IMC’s report outlines strategies aimed at strengthening prevention, improving detection, and enforcing tougher penalties to better protect the integrity of Singapore’s financial system against increasingl

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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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Coffee with the Council Podcast: Meet the Council’s New Head of Product and Technology

PCI Security Standards

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today we'll meet one of the Council's newest employees, our Head of Product and Technology, Deanne Zettler. Deanne comes to the PCI SSC with more than 25 years of experience leading product and technology strategies, solutions and operations in financial services, including stops at Discover Financial Services and Silicon Valley Bank.

Product 109
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Fiserv teams with Canadian company on open banking

Payments Dive

Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.

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Bank of America, JPMorgan invest in branch networks

Bank Automation

Some financial institutions are decreasing their branch footprint as bank clients increasingly adopt digital offerings while Bank of America and JPMorgan are investing in their branch capabilities to meet evolving client needs. The case for expanding branch networks lies in evolving customer preferences, the role of the branch and tailored solutions, Joe Myers, executive vice […] The post Bank of America, JPMorgan invest in branch networks appeared first on Bank Automation News.

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Indonesian Crowdfunding Platform Kitabisa Enters Insurance Sector

Fintech News

Kitabisa, an Indonesian donation and crowdfunding platform, has officially entered the insurance market with the launch of Kitabisa Insurance. According to DealStreetAsia , this new sharia-compliant subsidiary aims to tackle the low insurance penetration in Indonesia, which currently lags behind neighboring countries. Kitabisa Insurance emphasizes transparency and technology, allowing members to track funds, beneficiary information, and claims in real-time.

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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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Trustly Appoints Adam Miller as Group CFO to Drive Ambitious Growth

Fintech Finance

Trustly , the global leader in open banking payments, is excited to announce the appointment of Adam Miller as its new Group Chief Financial Officer (CFO). Based in Stockholm, Adam joins Trustly from Deliveroo, where he served as CFO for over two years, successfully leading the company through its 2021 London Stock Exchange listing and navigating significant growth during the pandemic.

Finance 108
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Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus

Finovate

This week’s edition of Finovate Global features news from the fintech scene in Hong Kong. Worldline partners with BOCHK International payment services company Worldline has forged a partnership with the Bank of China (Hong Kong), also known as BOCHK. The partnership makes the bank the first Hong Kong-based customer of Worldline’s open platform card solution, Paysuite Essential Edition.

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KYC/AML in Virtual Cards: Automation Handbook for Incumbents and Digital-Only Newcomers

Finextra

This article was co-authored with Stacy Dubovik, ScienceSoft's Financial Technology and Blockchain R.

AML 98
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Bootstrapped Fintech Surfin Lands US$12.5M in First External Funding Round

Fintech News

Fintech firm Surfin has raised US$12.5 million in Series A funding from Insignia Ventures Partners. Surfin began with consumer lending and has since expanded into various financial services, including payments, remittance, credit card issuance, and wealth management. The company leverages AI and data analytics to support its operations, enabling it to provide scalable financial services tailored to the needs of the underserved middle class.

FinTech 114
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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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Klarna Cashback Drives $100M-Worth of Sales in Just Six Weeks

Fintech Finance

Klarna , the AI-powered global payments network and shopping assistant, has released data on its launch of cashback. In the six weeks since launch: 506,378 Klarna shoppers have earned $2.7m dollars in cashback. Klarna merchants have given cashback on $98.4m worth of sales. Over 1,000 cashback promotions have been launched. Klarna launched cashback in 12 countries simultaneously on 15 August, to reward consumers who shop in the Klarna app.

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Impact of Green Bonds on Sustainable Investment Portfolios

Fintech Review

Green Bonds have rapidly become a crucial financial tool for promoting environmental sustainability. They allow investors to achieve financial returns while supporting eco-friendly initiatives. Organisations and governments use these bonds to raise capital specifically for environmentally sustainable projects. We look into the rapid growth of the Green Bond market and its role in encouraging sustainable corporate behaviour.

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WadzChain Network unveils hybrid blockchain to simplify global payments for businesses

Finextra

WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses.