Sat.Jan 07, 2023 - Fri.Jan 13, 2023

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List of Layoff Announcements So Far in 2023

The Finance Weekly

While 2023 has just started, the economic turbulence that has carried over from 2022 is as strong as ever. We are only a few weeks into the year and there have already been some massive layoff announcements from big companies such as Amazon and Salesforce. In 2022, more than 120 large U.S. companies conducted major rounds of layoffs, cutting nearly 125,000 employees, according to , Forbes’ layoff tracker.

Product 264
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6 payments trends to watch in 2023

Payments Dive

FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

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Downgrading Credit Card

Payment Savvy

If you are one of the ten million-plus American businesses with a merchant processing credit card account, the chances are you are aware of an industry term known as interchange. As with many aspects of banking and merchant processing among credit card issuers, the term represents something slightly confusing (at best) and incredibly bewildering (at worse), with lots of banking jargon and terminology thrown into the language to confuse you a little further.

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Neobank Ruuky files for bankruptcy 

The Paypers

Germany-based neobank Ruuky has filed for bankruptcy because of a failed round of financing.

Finance 86
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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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API-enabled B2B will help “Open Everything” in the automotive industry

Axway

It is difficult to imagine an automotive industry without EDI.

B2B 59
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These payments companies could be acquisition targets

Payments Dive

With industry acquisitions ramping up this year, payments analysts have pinpointed a pack of potential payments company targets.

Payments 197

More Trending

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Africa-based Flutterwave to reportedly buy Railsr

The Paypers

African payments fintech Flutterwave and existing Railsr shareholders have reportedly planned to acquire the UK-based Banking-as-a-Service company, according to Sky News.

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5 reasons companies are adding API marketplaces to their API portals

Axway

As APIs continue to grow in number and maturity, companies are looking at how to generate more value and revenue out of them.

API 59
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Amex acquires B2B automation company Nipendo

Payments Dive

The acquisition is the latest B2B move for the card company, which expects Nipendo’s capabilities to strengthen its position in that market.

B2B 190
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What Every Digital Menu Ordering System Needs

BNA Smart Payment

There are several ways you can improve your digital menu ordering system. Learn more about what to do by checking out this guide.

Checks 52
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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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China includes CBDC in its currency circulation report

The Paypers

The People’s Bank of China (PBC) has included in its currency circulation report the country’s central bank digital currency (CBDC), the e-CNY, also known as digital yuan.

CBDC 74
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Top 5 Decision Management Posts of 2022: AI and Digital Jane

FICO

Home. Blog. FICO. Top 5 Decision Management Posts of 2022: AI and Digital Jane. From diversity in AI to the film Highlander to transformative banking experiences, these decision management topics pointed the way to the future. Saxon Shirley. Wed, 05/25/2022 - 03:43. by FICO. expand_less Back To Top. Wed, 01/11/2023 - 14:25. The promise of AI and FICO Platform dominated the top posts of 2022 in the Decision Management category.

AI 52
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Affirm users jolted by multiple charges

Payments Dive

The buy now, pay later provider said it encountered a “technical issue” and that transactions would be corrected at banks within three to seven days.

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Top API management vendors and key criteria for selecting one

Axway

Selecting the best API management tools is critical to supporting your digital initiatives, platforms, and transformation. But what correlates to success?

API 52
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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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Crypto.com delists Tether's USDT stablecoin in Canada

The Paypers

Crypto.com has decided to delist the USDT stablecoin in Canada following the CSA’s increased oversight over crypto exchanges.

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Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules

FICO

Home. Blog. FICO. Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. FICO Admin. Tue, 07/02/2019 - 02:45. by FICO. expand_less Back To Top. Tue, 01/10/2023 - 11:30. Few things change faster in the financial services space than fraud trends.

Scams 52
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Will PayPal get a new CEO?

Payments Dive

The digital payment pioneer’s CEO Dan Schulman faces speculation about his exit. “We think he could move on from PayPal, legacy intact,” one analyst team wrote.

PayPal 167
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TransactionsEssentials 6.0

Atomikos

Upgrading from 5.0 to 6.0 This release was very hard to do. Not because we wanted many new features included (there are not that many, actually), but rather because it was a balancing act between stability / backwards compatibility and new "breaking change" emerging platforms (specifically: Spring Boot 3, Hibernate 6 and their dependencies on JakartaEE and very recent Java versions).

API 40
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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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EBA shows peer review for PSD2 authorisation

The Paypers

The European Banking Authority (EBA) has published its peer review on authorisation of payment institutions and e-money institutions under the revised Payment Services Directive (PSD2).

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FCA’s Consumer Duty Mandates Sharper Use of Technology

FICO

Home. Blog. FICO. FCA’s Consumer Duty Mandates Sharper Use of Technology. Managing UK customers to better outcomes under the FCA’s Consumer Duty will require a true platform for understanding and action. FICO Admin. Thu, 12/19/2019 - 16:29. by Peter Lemon. Lead Consultant. expand_less Back To Top. Mon, 01/09/2023 - 10:20. Every UK bank, lender and financial services firm is likely to have the FCA’s Consumer Duty front-of-mind right now.

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Recession-proofing a business starts in the accounts payable department

Payments Dive

How AP Automation can help you survive and thrive during times of economic uncertainty.

Accounts 147
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The 2023 Tech Trends Roundtable

CB Insights

The post The 2023 Tech Trends Roundtable appeared first on CB Insights Research.

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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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Careem Pay expands digital remittance to Pakistan through Lulu Exchange

The Paypers

UAE-based multi-service app Careem Pay has partnered with Lulu Exchange to launch international remittances in the former’s platform.

68
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SMB Cards & Spend Management Profile: Divvy (unit of Bill.com)

Fintech Labs Insights

Divvy is one of the biggest fintech success stories of the 2020s. Founded in late 2016 by Blake Murray and Alex Bean, the Lehi, Utah-based startup went from founding to a $2.5 billion exit in just 4.5 years. While several companies have reached $2.5B+ valuations in that time (see appendix), few, if any have actually cashed in so quickly. The exit occurred in late 2021 when Bill.com came knocking at just the right time as Bill was looking to expand its offerings in the corporate card and expense

CRM 15
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Fintech funding tumbled in 2022

Payments Dive

U.S. fintech funding for the fourth quarter of 2022 was down nearly 80% compared to the same quarter in 2021, CB Insights said Wednesday.

FinTech 147
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PayPal, Visa team on faster cross-border payments

Payments Dive

PayPal’s Xoom service has linked with Visa Direct to offer real-time debit card deposits in 25 countries where U.S. residents can send money.

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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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Oracle jumps into payments for retailers

Payments Dive

The tech titan will now process payments for retailers, as opposed to sending that part of a transaction to third parties.

Payments 120
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PayPal loses another finance executive

Payments Dive

The digital payments giant disclosed late Monday that its chief accounting officer has resigned to take a job with another company.

PayPal 103
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Portillo’s drive-thrus go cashless to avoid robberies

Payments Dive

The company aims to improve the safety of its staff, who take drive-thru orders and payments outside, CEO Michael Oslanoo said at ICR.

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Paya purchase bolsters Nuvei for economic downturn

Payments Dive

With its expansion in the U.S. and markets less susceptible to a decline in consumer demand, Nuvei is adding protection against a downturn.

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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.