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From innovative payment features to significant funding rounds, here's the latest from the sector of FinTech: 1️⃣ 𝗩𝗶𝘀𝗮 𝗣𝗿𝗲𝘃𝗲𝗻𝘁𝗲𝗱 $𝟰𝟬 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 W𝗼𝗿𝘁𝗵 𝗼𝗳 𝗙𝗿𝗮𝘂𝗱𝘂𝗹𝗲𝗻𝘁 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝟮𝟬𝟮𝟯⁣ ⁣Visa successfully thwarted 80 million fraudulent transactions worth $40 billion globally in 2023, thanks to major investments in technology, including AI. 🔗 https://lnkd.in/d3da9RMt 2️⃣ 𝗤𝗮𝘁𝗮𝗿: 𝗤𝗜𝗕 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 “𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝘁𝗼 𝗣𝗮𝘆” 𝗙𝗲𝗮𝘁𝘂𝗿𝗲 𝗼𝗻 𝗙𝗮𝘄𝗿𝗮𝗻 𝗜𝗻𝘀𝘁𝗮𝗻𝘁 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗦𝗲𝗿𝘃𝗶𝗰𝗲⁣ Qatar Islamic Bank (QIB) has introduced a Request to Pay feature on its Fawran instant payment service, available via the QIB Mobile App. This feature allows customers to request payments from registered Fawran users, facilitating instant transactions upon approval. https://lnkd.in/dBGh_z6h 3️⃣ 𝗠𝗼𝗻𝘇𝗼 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗣𝗲𝗻𝘀𝗶𝗼𝗻 𝗖𝗼𝗻𝘀𝗼𝗹𝗶𝗱𝗮𝘁𝗶𝗼𝗻 𝗣𝗿𝗼𝗱𝘂𝗰𝘁⁣ Monzo Bank has launched a new product, Monzo Pension, aimed at simplifying pension consolidation. The service combines old pensions into a single fund managed by BlackRock, all within the Monzo app. The rollout begins on July 24, allowing users to register their interest. https://lnkd.in/daGupm6e 4️⃣ 𝗣𝗮𝘆𝗳𝗹𝗼𝘄 𝗥𝗮𝗶𝘀𝗲𝘀 𝗦𝗶𝘅 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝗘𝘂𝗿𝗼𝘀 𝘁𝗼 𝗘𝘅𝗽𝗮𝗻𝗱 𝗶𝗻 𝗜𝘁𝘀 𝗠𝗮𝗿𝗸𝗲𝘁𝘀⁣ Payflow (YC S21), a flexible salary fintech startup, has secured six million euros in a new funding round. The funds will support its expansion in Spain, Portugal, Colombia, and Peru. The round was led by existing investors Seaya Ventures and Cathay Capital Innovation, along with new investors Thomson Reuters Ventures and GED Conexo Ventures. https://lnkd.in/dKaS9YSM 5️⃣ 𝗨𝗞 𝗡𝗲𝗼𝗯𝗮𝗻𝗸 𝗦𝗼𝗸𝗶𝗻 𝗦𝗲𝗰𝘂𝗿𝗲𝘀 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗳𝗿𝗼𝗺 𝗠𝗼𝗿𝗴𝗮𝗻 𝗦𝘁𝗮𝗻𝗹𝗲𝘆⁣ ⁣UK neobank Sokin has secured investment from Morgan Stanley Expansion Capital, which will help accelerate growth and innovation. Morgan Stanley officials commend Sokin's growth and effective use of capital, recognizing its technology platform as ideal for simplifying cross-border payments. https://lnkd.in/dJitQHQF 📖 For more details, be sure to check out the full articles from these sources. Stay tuned for more updates! #Fintech #Innovation #Finance #Blockchain #PaymentSolutions #TechNews #FintechNews #Payments

📊𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘁𝗵𝗮𝘁 𝗴𝗹𝗼𝗯𝗮𝗹 𝗙𝗶𝗻𝗧𝗲𝗰𝗵 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗵𝗶𝘁 $𝟭𝟱.𝟵 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝗵𝗮𝗹𝗳 𝗼𝗳 𝟮𝟬𝟮𝟰?⁣ ⁣ ⁣ Despite a 19% dip from the latter half of 2023, the FinTech sector continues to thrive with significant investments across the globe. 🔺 𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝘀𝗼𝗺𝗲 𝗸𝗲𝘆 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:⁣ 🇺🇸 𝗨𝗦𝗔:⁣ Leading with $7.3 billion across 599 deals. 🇬🇧 𝗨𝗞:⁣ Secured $2 billion across 183 deals. 🇮🇳 𝗜𝗻𝗱𝗶𝗮:⁣ Attracted $837 million through 78 deals. 🇨🇳 𝗖𝗵𝗶𝗻𝗮:⁣ Drew $589 million across 30 deals. 🇩🇪 𝗚𝗲𝗿𝗺𝗮𝗻𝘆:⁣ Saw $462 million invested across 37 deals. ❗However, there's an interesting twist. Innovate Finance's recent data reveals a significant investment gap for female founders in the UK. Fintechs founded or co-founded by women received only £136 million (approximately $173 million), accounting for a mere 6.7% of the total investment in H1 2024. What do you think about these numbers? For more detailed insights, don't miss the full report from Innovate Finance. ➡ https://lnkd.in/dX_hqGF4

From innovative banking solutions for children to groundbreaking AI training and strategic investment moves, here's a roundup of the latest news you don't want to miss: 1️⃣ 𝗠𝗼𝗻𝘇𝗼 𝘁𝗼 𝗹𝗮𝘂𝗻𝗰𝗵 𝗯𝗮𝗻𝗸 𝗮𝗰𝗰𝗼𝘂𝗻𝘁 𝗳𝗼𝗿 𝗰𝗵𝗶𝗹𝗱𝗿𝗲𝗻⁣ ⁣UK digital bank Monzo Bank has introduced a new account package for children aged six to 15. Monzo's chief TS Anil highlights the significance of this step in supporting a new generation from the beginning of their financial journey. 🔗 https://lnkd.in/etYAGx5B 2️⃣ 𝗕𝗮𝗻𝗰𝗼 𝗦𝗮𝗻𝘁𝗮𝗻𝗱𝗲𝗿 𝗮𝗻𝗱 𝗚𝗼𝗼𝗴𝗹𝗲 𝗼𝗳𝗳𝗲𝗿 𝗳𝗿𝗲𝗲 𝗔𝗜 𝘁𝗿𝗮𝗶𝗻𝗶𝗻𝗴 𝗳𝗼𝗿 𝗲𝘃𝗲𝗿𝘆𝗼𝗻𝗲⁣ Banco Santander and Google have partnered to offer a free AI course for individuals over 18 worldwide. It aims to enhance productivity, teach AI basics, and develop skills for task automation and problem-solving. 🔗 https://lnkd.in/gMrbJ5au 3️⃣ 𝗕𝗮𝗿𝗰𝗹𝗮𝘆𝘀 𝗨𝗦 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗕𝗮𝗻𝗸 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗡𝗲𝘄 𝗧𝗶𝗲𝗿𝗲𝗱 𝗦𝗮𝘃𝗶𝗻𝗴𝘀 𝗣𝗿𝗼𝗱𝘂𝗰𝘁⁣ ⁣Barclays Bank US Consumer Bank has launched the Barclays Tiered Savings product, designed to help consumers achieve their financial goals by offering higher interest rates for higher balances. The product features an intuitive online platform for easy account management, including remote deposits and balance checks. 🔗 https://lnkd.in/djdb6Vwd 4️⃣ 𝗙𝗶𝗻𝗧𝗲𝗰𝗵 𝗘𝗻𝘁𝗿𝗲𝗽𝗮𝘆 𝗿𝗲𝗰𝗲𝗶𝘃𝗲𝘀 𝗮𝘂𝘁𝗵𝗼𝗿𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗖𝗲𝗻𝘁𝗿𝗮𝗹 𝗕𝗮𝗻𝗸 𝘁𝗼 𝗼𝗽𝗲𝗿𝗮𝘁𝗲 𝗮𝘀 𝗮𝗻 𝗔𝗰𝗾𝘂𝗶𝗿𝗲𝗿 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻 𝗶𝗻 𝗕𝗿𝗮𝘇𝗶𝗹⁣ The Central Bank has authorized the operation of two new payment entities and two Direct Credit Societies (SCD). Among these, Entrepay, a payment solutions company under the Entre Investimentos group, has received authorization to operate as a payment institution in the acquiring mode, with a capital of R$ 351.7 million. 🔗 https://lnkd.in/g4jQrZbF 5️⃣ 𝗦𝘁𝗿𝗶𝗽𝗲 𝘃𝗮𝗹𝘂𝗲𝗱 𝗮𝘁 $𝟳𝟬𝗯𝗻 𝗶𝗻 𝗻𝗲𝘄 𝗦𝗲𝗾𝘂𝗼𝗶𝗮 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗱𝗲𝗮𝗹⁣ ⁣Sequoia Capital has offered its investors the chance to buy up to $861 million worth of shares in Stripe, a leading payments company it initially backed nearly 14 years ago. This offer, communicated to Limited Partners (LPs) in its 2009 to 2012 funds, involves newer Sequoia funds purchasing the shares at $27.51 each, valuing Stripe at $70 billion. 🔗 https://lnkd.in/eHr8dAZG 💡 Stay ahead with the latest in fintech! Follow us for more insights and join the conversation. #Fintech #Innovation #Finance #Blockchain #PaymentSolutions #TechNews #FintechNews #Payments

In the first half of 2024, European FinTechs 𝗵𝗮𝘃𝗲 𝗿𝗮𝗶𝘀𝗲𝗱 𝗮𝗻 𝗶𝗺𝗽𝗿𝗲𝘀𝘀𝗶𝘃𝗲 €𝟯.𝟴𝗕𝗻, 𝗺𝗮𝗿𝗸𝗶𝗻𝗴 𝗮 𝟭𝟰% 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗰𝗼𝗺𝗽𝗮𝗿𝗲𝗱 𝘁𝗼 𝗛𝟭 𝟮𝟬𝟮𝟯.⁣ 📈 The UK is leading the charge, while Germany, France, and the Nordics are making significant strides. Which countries are making the biggest moves? Check out our latest newsletter for all the details, top deals, and upcoming events that are shaping the industry. 🔎 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲:⁣ ⁣ ⁣▪ The biggest deals and key players ▪ Noteworthy trends in Banktech and Payments Fintechs ▪ A sneak peek into the Nigeria Fintech Forum 2024 ▪ The latest news on Stori’s expansion, EPI’s new wallet, and more Click to read the full report and stay updated on the latest in FinTech. 📬 #FinTech #Finance #Innovation #Investments #EuropeanFinTech #TechNews #payment #finance #fintechnews #financenews #financialtechnology #openfinance #paytech

W𝗵𝘆 𝗶𝘀 𝘁𝗵𝗲 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝗲𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗿𝗲𝗴𝗶𝗼𝗻𝘀 𝗴𝗹𝗼𝗯𝗮𝗹𝗹𝘆? 🌍⁣ ⁣ As global best practices have taken hold in Africa, key investment risks have declined. This has led to a surge in fintech funding over the past three years. W𝗵𝗮𝘁 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗱𝗼 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗮𝗰𝗲 𝗶𝗻 𝗔𝗳𝗿𝗶𝗰𝗮? 📱⁣ ⁣While payment applications are gaining popularity worldwide, many mobile plans in Africa have stringent data restrictions. Airtel Money (airtel) has developed a robust network of agents and established thousands of dedicated branches and kiosks. This allows customers to load money onto their phones and withdraw cash conveniently. 𝗞𝗲𝘆 𝗦𝘁𝗮𝘁𝘀:⁣ ⁣ ⚫ 79,500 exclusive retail touchpoints ⁣ ⚫ $89 billion transaction value in 2022/23 (constant currency) ⁣ ⚫ $252 transaction value per customer per month W𝗵𝘆 𝗮𝗿𝗲 𝗿𝗲𝗺𝗶𝘁𝘁𝗮𝗻𝗰𝗲 𝗲𝘅𝗽𝗲𝗻𝘀𝗲𝘀 𝘀𝗼 𝗵𝗶𝗴𝗵 𝗶𝗻 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗺𝗮𝗿𝗸𝗲𝘁𝘀? 💵⁣ ⁣The high cost is primarily due to the persistent use of cash. Fintech companies play a critical role in enabling remittance transfers across the continent. By digitizing payments, these businesses provide competitive services that lower the cost of remittances, meeting a vital need for the population. Want to dive deeper? 📊 Read the complete report by Financial Technology Partners / FT Partners for more interesting info and stats. 🔗 𝗦𝗼𝘂𝗿𝗰𝗲:⁣ https://lnkd.in/dkRvRgVT 🖼 𝗜𝗺𝗮𝗴𝗲𝘀:⁣ Financial Technology Partners / FT Partners #payments #paytech #digitalpayments #banking #paytech #paymentservices #paymentsolutions #paymentindustry #bankingindustry #digitalbanking #FraudPrevention #UKFinance #DataSecurity #AfricaFintech #Fintechlandscape #paymentsafrica

𝗝𝘂𝗹𝘆 𝗸𝗶𝗰𝗸𝘀 𝗼𝗳𝗳 𝘄𝗶𝘁𝗵 𝗻𝗲𝘄 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗮𝗻𝗱 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝘀𝗲𝗰𝘁𝗼𝗿 👇 ⁣ 1️⃣ 𝗣𝗿𝗼𝗻𝘂𝘀 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 "𝗣𝗿𝗼𝗻𝘂𝘀 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀"⁣ C&M partners with PRONUS S.A.S to introduce instant payment technology by 2025, reshaping the payment landscape in Colombia. Explore the collaboration's impact. 🗞 https://lnkd.in/eJd79_nf 2️⃣ 𝗙𝗜𝗡𝗢𝗠 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗟𝗼𝗰𝗮𝗹 𝗜𝗕𝗔𝗡 𝗳𝗼𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗶𝗻 𝗦𝗽𝗮𝗶𝗻⁣ Discover how Finom is revolutionizing financial services for Spanish SMEs with its new local IBAN accounts and expanded presence in Barcelona. 🗞 https://lnkd.in/ePCuEM7c 3️⃣ 𝗨𝗣𝗜 𝗤𝗥 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗮𝗰𝗰𝗲𝗽𝘁𝗮𝗻𝗰𝗲 𝗰𝗼𝗺𝗲𝘀 𝘁𝗼 𝗨𝗔𝗘⁣ Learn about the latest partnership bringing UPI QR payment acceptance to the UAE, enhancing the region's digital payment landscape. 🗞 https://lnkd.in/dBryYfwW 4️⃣ 𝗡𝗲𝘅𝗶 𝗯𝗿𝗶𝗻𝗴𝘀 𝗕𝗮𝗻𝗰𝗼𝗺𝗮𝘁 𝗣𝗮𝘆 𝘁𝗼 𝗔𝗺𝗮𝘇𝗼𝗻.𝗶𝘁 Discover how Nexi Group is enhancing the checkout experience on Amazon.it with its new BANCOMAT S.p.A. Pay technology platform. 🗞 https://lnkd.in/dwciiCdQ 5️⃣ 𝗔𝗯𝘀𝗮 𝘁𝗮𝗽𝘀 𝘀𝘁𝗮𝗿𝘁-𝘂𝗽𝘀 𝗦𝘁𝗶𝘁𝗰𝗵, 𝗢𝘇𝗼𝘄 𝘁𝗼 𝗹𝗮𝘂𝗻𝗰𝗵 𝗔𝗯𝘀𝗮 𝗣𝗮𝘆 Absa Group's collaboration with Stitch and Ozow marks a milestone in South Africa's digital banking evolution, promoting secure and convenient transactions. 🗞 https://lnkd.in/ggH59QmA 💡 Stay ahead with the latest in fintech! Follow us for more insights and join the conversation. #Fintech #Innovation #Finance #Blockchain #PaymentSolutions #TechNews #FintechNews #Payments

📊 𝗟𝗮𝘀𝘁 𝘆𝗲𝗮𝗿, 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿𝘀 𝗱𝗶𝘀𝗽𝘂𝘁𝗲𝗱 𝗮𝗯𝗼𝘂𝘁 𝟭𝟬𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗰𝗵𝗮𝗿𝗴𝗲𝘀 𝘄𝗶𝘁𝗵 𝗰𝗿𝗲𝗱𝗶𝘁-𝗰𝗮𝗿𝗱 𝗶𝘀𝘀𝘂𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗨.𝗦., 𝘄𝗼𝗿𝘁𝗵 𝗮𝗻 𝗲𝘀𝘁𝗶𝗺𝗮𝘁𝗲𝗱 $𝟭𝟭 𝗯𝗶𝗹𝗹𝗶𝗼𝗻.⁣ ⁣ This information we read in the article from The Wall Street Journal. Did you know that according to Datos Insights, that is up 𝗳𝗿𝗼𝗺 $𝟳.𝟮 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟭𝟵? 𝗧𝗵𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗽𝗿𝗲𝗱𝗶𝗰𝘁𝘀 𝘁𝗵𝗮𝘁 𝗳𝗶𝗴𝘂𝗿𝗲 𝘄𝗶𝗹𝗹 𝗿𝗶𝘀𝗲 𝗻𝗲𝗮𝗿𝗹𝘆 𝟰𝟬% 𝗯𝘆 𝟮𝟬𝟮𝟲.⁣ Sarah Grano, spokeswoman for the American Bankers Association, said in The Wall Street Journal, “We, unfortunately, see a growing number of consumers intentionally reporting a legitimate transaction as fraud or disputing the purchase.” It's something users face daily. As the article mentions, "People often dispute legitimate charges they don’t recognize on statements," credit-card companies say. This happens largely because transaction data isn’t properly enriched and doesn’t show the necessary information to the user. A clear example describing the situation is when Johnathan Feldman, a tutor in Virginia, tried to dispute a $100 charge from a gas station where he remembered spending only $20. The bank told him it was a legitimate, temporary hold, so it never became a chargeback. The surge in chargebacks costs retailers time and money. 𝗛𝗮𝘃𝗶𝗻𝗴 𝘁𝗼𝗼 𝗺𝗮𝗻𝘆 𝗰𝗵𝗮𝗿𝗴𝗲𝗯𝗮𝗰𝗸𝘀 𝗼𝗻 𝘁𝗵𝗲𝗶𝗿 𝗿𝗲𝗰𝗼𝗿𝗱 𝗮𝗹𝘀𝗼 𝗽𝘂𝘁𝘀 𝘁𝗵𝗲𝗺 𝗮𝘁 𝗿𝗶𝘀𝗸 𝗼𝗳 𝗽𝗮𝘆𝗶𝗻𝗴 𝗵𝗶𝗴𝗵𝗲𝗿 𝗽𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴 𝗳𝗲𝗲𝘀.⁣ ⚙ 𝗘𝗻𝗿𝗶𝗰𝗵𝗶𝗻𝗴 𝘁𝗵𝗲 𝗱𝗮𝘁𝗮 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽 𝗺𝗶𝘁𝗶𝗴𝗮𝘁𝗲 𝗰𝗵𝗮𝗿𝗴𝗲𝗯𝗮𝗰𝗸𝘀.⁣ ⁣ Enriched transaction data provides banks with more detailed information beyond the basic transaction details, such as product or subscription details, or customer data. This can help banks make better decisions and reduce the risk of chargebacks by allowing them to: 🔸 𝗠𝗮𝗸𝗲 𝗺𝗼𝗿𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗲𝗱 𝗿𝗶𝘀𝗸 𝗮𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁𝘀: With more information about a transaction, banks can more accurately assess the risk of fraud or chargebacks and take proactive steps to prevent them. 🔸 𝗗𝗲𝘁𝗲𝗰𝘁 𝗳𝗿𝗮𝘂𝗱 𝗺𝗼𝗿𝗲 𝗲𝗮𝘀𝗶𝗹𝘆: Enriched data can help banks spot patterns or anomalies that may indicate fraudulent activity. 🔸 𝗣𝗿𝗼𝘃𝗶𝗱𝗲 𝗮 𝗺𝗼𝗿𝗲 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗮𝗻𝗱 𝗮𝗰𝗰𝘂𝗿𝗮𝘁𝗲 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲: Giving customers complete and accurate information about their transactions can reduce the likelihood of disputes and chargebacks. 🔸 𝗥𝗲𝘀𝗼𝗹𝘃𝗲 𝗱𝗶𝘀𝗽𝘂𝘁𝗲𝘀 𝗺𝗼𝗿𝗲 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝘁𝗹𝘆⁣ ⁣ Mitigating payment fraud and chargebacks is crucial for protecting your financial interests in the world of online transactions. Want to know how you can use our technology to safeguard your business? ➡ 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀: https://lnkd.in/eXuSzHPr 🗞️ The Wall Street Journal: https://lnkd.in/dbvYEtGc

🆕 𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝗶𝗲𝘀 𝗮𝗻𝗱 𝗠𝗲𝗿𝗰𝗵𝗮𝗻𝘁 𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝘆 𝗖𝗼𝗱𝗲𝘀⁣ ⁣ As you may know, transaction categorization products such as ours helps deliver usage reporting, and other statistics relating to how money is spent. Without having to invest heavily into knowing exactly what kind of objective each transaction was done with, you are able to straightforwardly analyse how the money is being spent. ❓ 𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘁𝗵𝗮𝘁 𝗠𝗖𝗖 𝗮𝗹𝘁𝗵𝗼𝘂𝗴𝗵 𝗮 𝗵𝗲𝗹𝗽𝗶𝗻𝗴 𝗱𝗮𝘁𝗮 𝗽𝗼𝗶𝗻𝘁 𝘁𝗼 𝘀𝘁𝗮𝗿𝘁 𝘄𝗶𝘁𝗵 𝗰𝗮𝘁𝗲𝗴𝗼𝗿𝗶𝘇𝗮𝘁𝗶𝗼𝗻, 𝗶𝘁'𝘀 𝗺𝗮𝗻𝘆 𝘁𝗶𝗺𝗲𝘀 𝘄𝗿𝗼𝗻𝗴?⁣ Building a transaction augmentation system, we have found many times how MCCs (Merchant Category Codes) that are many times set by technicians are not accurate in respect to what the business is doing. On top of that, depending on the payment processor the business is using, MCCs might get modified in the transaction path, making the output category by just taking into account the MCC plain wrong. Some of our clients struggle to give accurate reporting that works in most situations without undertaking massive accounting efforts. At Triple we have worked on a system that taking the MCC as a base and the rest of the transaction fields into account, we are able to provide you with a fine grained and more accurate categorization system that could solve your spending reporting.

🆕 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗳𝗿𝗮𝘂𝗱 𝗮𝗻𝗱 𝗰𝗵𝗮𝗿𝗴𝗲𝗯𝗮𝗰𝗸𝘀 can be significant risks for businesses. In our blog, we explore the different types of payment fraud and chargebacks and their impact on businesses. Stay tuned for our upcoming posts on payment fraud and chargebacks, and learn how to mitigate these risks to keep your business thriving 👇 https://lnkd.in/dmydsYjY #chargebacks #business #finance #banking #paymentprocessing #payment #paymentsolution #paymenttechnology #paymentplatform #chargeback #openbanking #fintech #fintechs #fintechsolutions

🚀 𝗧𝗵𝗶𝘀 𝘄𝗲𝗲𝗸 𝗵𝗮𝘀 𝗯𝗲𝗲𝗻 𝗶𝗻𝗰𝗿𝗲𝗱𝗶𝗯𝗹𝘆 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝘀𝗲𝗰𝘁𝗼𝗿. W𝗲 𝗿𝗲𝘃𝗶𝗲𝘄 𝘁𝗵𝗲𝘀𝗲 𝗻𝗲𝘄𝘀 𝗶𝗻 𝗼𝘂𝗿 𝗧𝗵𝘂𝗿𝘀𝗱𝗮𝘆’𝘀 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗡𝗲𝘄𝘀:⁣ ⁣ ⁣ ⁣1️⃣ ⁣𝗟𝘂𝗻𝗮𝗿 𝗮𝗻𝗱 𝗦𝗔𝗦 𝗣𝗮𝗿𝘁𝗻𝗲𝗿 𝗳𝗼𝗿 𝗗𝗲𝗯𝗶𝘁 𝗖𝗮𝗿𝗱⁣ ⁣Danish neobank Lunar has teamed up with Scandinavian Airlines (SAS) to launch a debit card that lets users earn and use EuroBonus points. This partnership strengthens Lunar's local brand identity and marks a shift from credit to debit in the EuroBonus program. 🔗 https://lnkd.in/ehFsVJkW 2️⃣ 𝗚𝗮𝗿𝗮𝗻𝘁𝗶 𝗕𝗕𝗩𝗔 𝗥𝗼𝗹𝗹𝘀 𝗢𝘂𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 W𝗮𝗹𝗹𝗲𝘁⁣ ⁣Garanti BBVA Digital Assets, part of Garanti BBVA Financial Technologies Inc., has launched a crypto wallet service on its mobile platform, Garanti BBVA Crypto. This is the first time in Turkey that a bank subsidiary has independently developed and implemented a cryptocurrency wallet. 🔗 https://lnkd.in/ehJVpwHi 3️⃣ 𝗨.𝗦. 𝗕𝗮𝗻𝗸 𝗮𝗻𝗱 𝗚𝗿𝗲𝗲𝗻𝗹𝗶𝗴𝗵𝘁 𝗣𝗮𝗿𝘁𝗻𝗲𝗿 𝘁𝗼 𝗘𝗺𝗽𝗼𝘄𝗲𝗿 𝗙𝗮𝗺𝗶𝗹𝗶𝗲𝘀⁣ ⁣U.S. Bank clients now have free access to Greenlight’s debit card and money app, which helps families teach kids financial skills. U.S. Bank is the first to integrate Greenlight's app using a new software development kit. 🔗 https://lnkd.in/eQG-x44Y 4️⃣ 𝗞𝗹𝗮𝗿𝗻𝗮 𝗥𝗶𝘃𝗮𝗹 𝗭𝗶𝗹𝗰𝗵 𝗥𝗮𝗶𝘀𝗲𝘀 $𝟭𝟮𝟱 𝗠𝗶𝗹𝗹𝗶𝗼𝗻⁣ ⁣Since its founding in 2018, Zilch has generated over £2.5 billion in GMV and reported £30 million in revenue for the 12 months ending March 2023. Zilch earns through interchange fees, commission fees, and an advertising sales network. 🔗 https://lnkd.in/d2EWB7tv 5️⃣ 𝗕𝗲𝗹𝗼 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝘀 𝗔𝗖𝗛 𝗗𝗼𝗹𝗹𝗮𝗿 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿𝘀⁣ ⁣Argentinian fintech belo has added a feature allowing users to receive ACH transfers directly into their digital wallets. This service simplifies payments and financial management for Latin American freelancers and remote workers earning income from the US. 🔗 https://lnkd.in/dxX3ftde 💡 Don't miss out on the latest fintech trends and developments! Follow us for more insights and join the conversation. #Fintech #Innovation #Finance #Blockchain #PaymentSolutions #TechNews #FintechNews #Payments ⁣ ⁣ ⁣