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Consumer & Commercial Payments

THE ONLY CONSTANT IN FRAUD IS CHANGE

– What is Behavioral Biometric Analysis?
– What is a BionicID™?
– What makes Revelock’s BionicID™ solution unique in fraud prevention?
– How can BionicIDs™ be used to stop Impersonation and Manipulation attacks?
– What is BionicID™ analysis best suited for?
– Does BionicID™ data collection or analysis impact the User Experience (UX)?

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Contactless 2021: Will a £100 contactless limit be the final nail in the coffin for cash payments in the UK?

Cash payments have been in decline in the UK over the past decade, with contactless payment becoming the popular choice. But with the limit on contactless transactions set to double to £100 by the end of the year, what chance does cash stand? In this new article from Ingenico’s Contactless 2021 series, Blair Stalker examines the impact of the change and the #SCA mitigations against an increase in fraud.

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TrueLayer’s European expansion continues with new Dublin HQ

European HQ established in Dublin due to its position as a global centre for financial services innovation, thriving technology scene and access to skilled talent. HQ led by former WhatsApp and Facebook Executive, Joe Morley, TrueLayer’s Vice President and General Manager for Europe and new Chief Operating Officer for Europe, Leigh-Anne Cotter.

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Digital Payments Whitepaper: Is This Really Goodbye to Cash?

The fast, frictionless payment transactions experienced by consumers are influencing B2B customer expectations and driving payments digitisation. Find out about the main drivers and the unexpected benefits for businesses in this new whitepaper by Accuity, a LexisNexis® Risk Solutions Company.

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Finally, a real alternative to cards

For e-commerce and contact centre payments, cards have been the only payment option but are costly to businesses and increasingly difficult to use for consumers. Open banking regulation and technologies has created new options for businesses

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Nearly £1m in additional revenue generated by fintechs who outsource to specialists

Moorwand, a payments solution provider, today launched a report that reveals fintechs who outsource to specialist partners generate nearly £1m in additional revenue.
The report ‘Specialists vs. generalists: How do fintechs fuel growth?’ explores why and how fintechs outsource to third parties, the importance of outsourcing for fintech growth, and the impact of working with specialists or generalists on fintech businesses.

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The rise and evolution of embedded finance

Demand for cash injections from alternative finance providers shows no signs of abating, as such, lenders must embrace innovation to improve their business finance offering. Read @Currencycloud’s blog to discover how APIs are the future of invoice finance. https://bit.ly/3wEqwCr

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KFC España Launches Mobile Payments with Nuvei and Judopay

I hope you are well and enjoying the sunshine! I have a story here from Judopay that you may be interested in covering?
Judopay, a leading mobile-centric and fully cloud based payments provider, today announces that, alongside partner Nuvei, the technology providers will enable a seamless and touch free mobile payment experience for customers at KFC restaurants throughout Spain.

The deal will enable KFC to shift its strategy to focus on providing its customers with an omnichannel experience; Judopay and Nuvei’s innovative solutions provide optimised processing speeds and transaction approvals at scale, delivering effortless payment experiences across all channels.

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Banking-as-a-Service in 2021: the SCA Dilemma

Banking as a Service (BaaS) refers to the services and tools that allow financial institutions to adapt to the current digital banking shift. BaaS providers are the ones that build the web and mobile applications for these institutions so that customers may access their accounts digitally. But has this environment changed since the release of PSD2? Absolutely – let’s take a look.

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PAYMASTER24 BOOSTS SPEED OF PAYMENT AND RANGE OF CURRENCIES

Full-service Payment Service Provider (PSP) of local e-payment solutions, Paymaster24, has selected Banking Circle to enhance its service proposition for merchants. Crucially, the partnership with Banking Circle will help Paymaster24 speed up payments and offer additional currencies to its merchant customers.

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Diners Club Peru selects BPC’s SmartVista commerce suite

BPC, the global leading payment solution provider, has announced that Diners Club Peru has selected its commerce suite as part of its innovation program. Diners Club Peru is the third acquiring network in Peru, owned by Banco Pichincha Peru, part of the Pichincha Holding Group headquartered in Ecuador.

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Are you ready for the future of payments?

This guide takes you through some of the innovations and trends taking place in payments, including how different sectors responded to the challenges of Covid-19; why business-to-business payments are ripe for innovation and changes in regulatory landscape that will impact payments in the future.

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Why go back if we could go forward? Post-Pandemic Sustainability Opportunities for the Finance Industry

It is important to remember that even before COVID-19, the planet was in a state of emergency. So with the finance industry focusing on recovery, resilience, and longevity as we come out of lockdown, should sustainability and the environment be top of the agenda as well?

In this article, we break down the post-pandemic sustainability opportunities for the finance industry and speak to our partner ecolytiq about why the best time to focus on climate change was yesterday.

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Judopay and MedPoint enhance prescription checkouts

Judopay, the leading mobile-centric and fully cloud based payments provider, has announced its partnership with MedPoint, an automated prescription collection system, to enable a safe, quick and secure method for patients to purchase and collect their prescriptions, 24 hours a day, 7 days a week.

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Global Processing Services and Currencycloud partner to offer complete, enterprise-grade, cross-border payments solution

Global Processing Services (GPS), the multi-award-winning payments processing partner behind some of Britain’s biggest challenger fintechs including Revolut and Starling Bank, and Currencycloud, the experts simplifying business in a multi-currency world, have partnered to widen access to cross-border payments for financial institutions and fintechs, providing a passport to a post-Covid world.

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Embedded Lending in Action: The Potential of Buy-Now, Pay-Later

As part of Currencycloud series of interviews that explores the nature and evolution of embedded finance we invited Laurel Wolfe, Vice President of Marketing at Mambu, and former Klarna, to deep dive into how Buy-Now, Pay-Later and embedded lending, a subset of embedded finance, is changing how retailers and payments providers serve their customers.

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Trust Payments partners with Zip for Buy Now, Pay Later

Trust Payments, the global unified payments group, has partnered with Zip, the first Buy Now, Pay Later provider to join its network of payment partners. The agreement means UK merchants using Trust Payments’ platform can offer Zip at check out and allow customers to pay over four interest-free instalments.

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PPS and Talenom join forces to provide banking software with accounting services

PPS are the payments and banking provider behind Talenom’s new banking service for SMEs. This partnership will enable financial services to be embedded into Talenom’s emerging SME solution ‘Accounting Alex’.
As a result of working with PPS, small businesses that use Talenom’s ‘Accounting Alex’ service will now be able to set up a bank account in minutes and enable savings on fees by more than 50%.

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8 out of 10 merchants have seen an increase in friendly fraud, according to the 2021 Chargebacks911 Field Report

The latest piece of groundbreaking industry research from dispute resolution specialist Chargebacks911, The 2021 Chargeback Field Report assessed over 400 merchants across the US and the UK and identified a dramatic rise in friendly fraud over the past three years, with 80% of merchants seeing an increase in false claims.

In addition, while 94% of merchants consider friendly fraud to be a problem for their business, less than 30% are taking steps to combat it. This behaviour indicates that there is a knowledge gap preventing merchants from confidently combating fraudulently filed chargebacks.

Other headline stats include:
• 68% of merchants have seen the pandemic cause an increase to their chargebacks
• Nearly a third of merchants experience difficulties contesting illegitimate chargebacks
• And for every friendly fraud case that goes uncontested, 50% of cardholders will go on to commit the crime again in less than 60 days

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Specialist data reconciliation and reporting platform, Kani Payments, has partnered with the world’s largest Quality of Life services company, Sodexo Engage

Kani will replace Sodexo Engage’s legacy data management systems which ran manually, becoming a drain on time, money, and resources, and lacking the scale required to handle the sheer volume of data processed by the engagement payments giant. In doing so, Kani will simplify Sodexo Engage’s complex transaction data and provide a single space for data management. In addition, the platform will provide real-time, actionable data insights that allow for Sodexo’s critical business decisions to be implemented faster and with greater efficiency.

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Currencycloud Superhero Spotlight Series | 7-11 June

We are really excited to shine the spotlight on some of the best-known brands in #Fintech during our Superhero Spotlight Series.

A week-long event packed with articles, research reports and LinkedIn and YouTube live streamed interviews with over 30 of Fintech’s finest superheroes.

Register for the agenda: https://bit.ly/3ySP2lL and keep an eye out for reminders of the #livestream sessions.

#Payments #Banking #FintechSuperhero

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