Amazon Prime Day boosts July retail sales, Banks tap FinTechs for remittance overhaul, SCA’s delay and the future of authentication

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August 14, 2019

SCA

Ekata CEO On The SCA Delay And The Future Of Authentication

The FCA officially granted an 18-month extension for strong customer authentication (SCA) compliance, giving merchants and payment service providers (PSPs) more time to prepare. As the news broke, Karen Webster caught up with Ekata CEO Rob Eleveld about how the delay provides an opportunity for a new, frictionless authentication innovation to emerge, and convince regulators that it meets their standard.

 

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Digital Onboarding

As Supply Chains Enter Digital Age, Onboarding Plays Catch Up

Supplier onboarding has its own set of challenges (and opportunities) as supply chains get longer and need more documentation. Julien Nadaud, senior vice president of innovation at Corcentric, tells PYMNTS that making the switch from manual processes to digitized, automated functions saves money and time right from the start of the B2B journey. Here’s how to tie all the cross-function together.

 

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Visual Commerce

More Than Pretty Pictures: Visual Commerce’s Rise Boosts Retail

New tech, along with the promise 5G mobile networks, is making it easier and more lucrative for merchants to embrace visual commerce and search. The latest developments from Snap and other digital companies help show where this trend may be headed in 2020 — and why businesses are so eager to get behind the power of relevant, value-added images. Here’s our snapshot.

 

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Financial Crime

FinCEN Director: Why Casino Cooperation Is Central To Fighting Financial Crime

Much has changed in the world of gaming and gambling, particularly since a 2018 Supreme Court decision lifted many of the legal restrictions on the practice. According to FinCEN Director Kenneth Blanco, that means casinos have more compliance responsibilities than ever before — particularly when it comes to mobile gaming and digital currency — and fighting financial crime across the board. Here’s why.

 

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Smarter Payments Tracker™

Banks Tap FinTechs For Remittance Overhaul

Remittances had a record year in 2018 despite the frictions that still exist when senders move money cross border to receivers in need. In the latest Smarter Payments Tracker, Khun Sarintorn vice president of international remittance business solution head for Thailand-based Kasikornbank explains how FinTechs are helping banks introduce features that deliver transparency and certainty to those important global transfers.

 

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