January, 2025

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AI promises 2025 advances for payments industry

Payments Dive

The emerging technology will help merchants process payments faster and provide customers with more ways to pay, those who follow the payments industry say. It will also increasingly offers a defense against rising fraud.

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PCI SSC’s Global Content Library Now Available on YouTube

PCI Security Standards

ThePCI Security StandardsCouncil is excited to share that the PCI SSC Global Content Libraryis now available onYouTube!

Security 150
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Cross-Border QR Payments Now Live Between Vietnam and Laos

Fintech News

Vietnam and Laos have officially launched a new framework for settling payments in their local currencies and a cross-border QR code payment system. The initiative, announced at the 47th meeting of the Vietnam-Laos Intergovernmental Committee, aims to boost bilateral trade, investment, and tourism. Vietnamese Prime Minister Pham Minh Chinh and Lao Prime Minister Sonexay Siphandone were present at the launch.

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Stripe is laying off 300 people, but says it still plans to hire in 2025

TechCrunch Fintech

Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are largely in product, engineering, and operations roles, the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% to land at […] 2024 TechCrunch.

FinTech 120
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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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dLocal Announces Expansion of Offering to UK Merchants With New Authorised Payment Institution License and Partnership With ICC

Fintech Finance

dLocal , the leading payment platform connecting global merchants to emerging markets, has announced that it has been granted the Authorised Payment Institution license from the Financial Conduct Authority (FCA) in the United Kingdom. This milestone positions dLocal to offer regulated payment services in the UK, bolstering its commitment to global compliance and expanding its service offerings for UK-based merchants.

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Block agrees to pay $255M to regulators for Cash App deficiencies

Payments Dive

The digital payments provider agreed to pay penalties to the Consumer Financial Protection Bureau and a group of states under settlements that alleged the company violated banking laws.

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52% of execs say they plan to use agents

Bank Automation

Agentic AI is already taking center stage this year: 71% of executives say AI agents will drive higher levels of automation in their workflows and 52% percent say they plan to use agents in 2025. Built on generative AI and large language models, agentic AI is able to make decisions, unlike previous AI technology, which […] The post 52% of execs say they plan to use agents appeared first on Bank Automation News.

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Cambodia’s Bakong Tourists App Now Supports Visa Cards for Payments

Fintech News

The National Bank of Cambodia (NBC) today marked the official integration of the Bakong Tourists app with Visa , expanding digital payment options for international visitors. While the app was first launched in November last year, this integration allows tourists to link their Visa cards from their home countries and make payments using KHQR codes at around 4.5 million merchants across Cambodia.

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Spotlight On: DataStealth, a New Principal Participating Organization

PCI Security Standards

Welcome DataStealth, a new Principal Participating Organization (PPO) at the PCI Security Standards Council! In this special spotlight edition of our PCI Perspectives Blog, DataStealths CEO, Ed Leavens, introduces us to his company and how they are helping to shape the future of payment security.

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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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Paymentology, audax, and Mastercard Launch Report Highlighting the Future of Payments with Cards-as-a-Service (CaaS)

Fintech Finance

Paymentology , the leading global issuer processor, in partnership with audax, a comprehensive digital banking technology solutions provider backed by Standard Chartered, and Mastercard , a global leader in payment technology and network solutions, announces the launch of a new report titled “Understanding Cards-as-a-Service (CaaS) and the Power of Strategic Partnerships.” The report highlights the transformative potential of CaaS in enabling banks and fintechs to become distributors

Visa 105
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Goldman Sachs wants to create AI that thinks and acts like a seasoned banker

Finextra

Goldman Sachs is rolling out a Generative AI assistant to its staff in the first stage of a programme that aims to create a bot capable of thinking and acting like a veteran employee.

AI 115
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Shift4 makes $4.7M in undisclosed payments to executives’ relatives

Payments Dive

The payments were made over a three-year period beginning in 2020, and were not listed in some filings with the Securities and Exchange Commission. As a result, the company agreed to pay a fine under a settlement last week.

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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Decoding the FCA's safeguarding reforms: Practical steps for payments and E-money firms January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. Why is it important? The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency.

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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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dtcpay and BNB Chain Bolster Ecosystem for Real-World Stablecoin Use

Fintech News

Singapore-based digital payments provider dtcpay has partnered with BNB Chain to accelerate the real-world utility of stablecoins, making paying with stablecoins more practical, accessible, and cost-effective for everyday transactions. This collaboration will enable businesses using dtcpay to accept payments in stablecoins like USDT and USDC via the BNB Chain network , including BNB Smart Chain and opBNB.

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

If youre like many people, its been a while since you last made a payment exclusively with cash. According to Forrester, 69% of adults in the U.S. said theyve used electronic payment methods to make a transaction in the past three months. This also applies to your customers. They no longer handle cash and checks. Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm.

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Introducing Adyen Uplift: The Payment Solution Optimizing Every Transaction With AI

Fintech Finance

Adyen , the global financial technology platform of choice for leading businesses, announces the launch of Adyen Uplift. The AI-powered payment optimization suite will help businesses increase payment conversion, simplify fraud management, and reduce the cost of payments. Adyens customers can utilize data-driven, tailored performance recommendations and opportunities to test different payment configurations to maximize performance.

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Swedish central bank calls for more action by banks on Tips cross-currency project

Finextra

Sweden's central bank is calling on banks to join in the ongoing work to enable instant cross-currency payments within Europe via the Target Instant Payment Settlement (Tips) system.

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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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Mastercard agrees to pay $26M to settle discrimination lawsuit

Payments Dive

The card network entered the agreement to settle a proposed class action that alleged it discriminated against Black, Hispanic and female employees by underpaying them.

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Union Credit Teams Up with MeridianLink to Enhance Lending at the Point of Purchase

Finovate

Union Credit has announced a new partnership with MeridianLink. The partnership will simplify and streamline the lending process for credit unions with real-time financing solutions at the point of purchase. Union Credit most recently demoed its technology at FinovateFall 2024. Union Credit , a marketplace for credit unions that offers pre-approved, one-click credit offers at the point of purchase, has teamed up with software platform MeridianLink.

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What’s Fueling Southeast Asia Fintech Golden Age?

Fintech News

Southeast Asias fintech industry is flourishing, driven by soaring adoption of digital payments, alternative lending, and wealthtech. The regions strong fundamentals, coupled with a growing digital economy, promise continued growth and innovation in the coming years, a new report by Royal Park Partners (RPP), a fintech-focused corporate finance advisory firm, says.

FinTech 107
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Payments trends report 2024

The Payments Association

Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour. The payments landscape has seen accelerated growth across both traditional and alternative channels, driven by rising digital adoption, technological advancements, and an increasing focus on seamless user experiences.

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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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Ecommpay Adds Swish to Payment Platform to Improve Checkout Experience for Swedish Customers

Fintech Finance

Inclusive global payments platform, Ecommpay , has added Swedish banking app, Swish , to its growing list of Alternative Payment Methods (APMs). The app, which boasts a 39%+ share of checkout in Sweden, is the Swedish consumers preferred way to pay. By adding it to the Ecommpay payment platform for payments in SEK, merchants targeting the Swedish market will be able to optimise checkout performance.

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One-in-five consumers lost money to scammers in 2024

Finextra

New research from Barclays Bank reveals that one in five consumers fell victim to a scam in the last year.

Consumer 119
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Payments plays gather momentum in 2025: 6 industry trends to watch

Payments Dive

Deregulation, artificial intelligence and stablecoin use are among the industry forces that will drive more digital payments use and innovation this year.

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Avoiding Over-Regulation: American Fintech Council Warns That FDIC New Act Could Hinder Innovation

The Fintech Times

Due to the risk of stifling innovation, the American Fintech Council (AFC), the trade association representing responsible fintech companies and banks, has requested that the Federal Deposit Insurance Corporation (FDIC), the independent agency created by Congress to maintain stability and public confidence in the nation’s financial system, withdraws its Proposed Rule on Recordkeeping for Custodial Accounts.

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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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Chainalysis Acquires AI Fraud Detection Firm Alterya

Fintech News

Blockchain analysis firm Chainalysis has acquired Alterya , an AI-based fraud detection platform focused on identifying scams before they impact victims. Alterya, which launched in stealth mode, has collaborated with cryptocurrency exchanges like Binance, Coinbase, and Block, along with financial institutions, to monitor over US$8 billion in monthly transactions across crypto and fiat systems.

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Fintech Rundown: A Rapid Review of Weekly News

Finovate

The week begins on the Fintech Rundown with news of product launches and new investments, as well as an acquisition in the digital banking space and a handful of partnerships in payments. Be sure to check back all week long for the latest updates. Financial wellness Current account provider nsave launches its new investment product and announces EUR 17.5 million in funding.

FinTech 105
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HyperPay Obtains License From the Saudi Central Bank to Expand Digital Payment Services in the Kingdom

Fintech Finance

The Saudi Central Bank (SAMA) has announced the granting of a license to HyperPay Inc. Saudi Arabia for Information Systems Technology to operate digital payment services via an electronic wallet in the Kingdom. This license marks an important step in enhancing the companys position in the growing digital payments market in Saudi Arabia. HyperPay is a leading company in the financial technology sector, aiming to support the transition to a less cash-dependent society by offering innovative payme