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Breaking News articles for April 2023

TRANSACT 23 reflects speed, scope of payments

Friday, April 28, 2023

With a verb for a name and "speed of payments" as a theme, the Electronic Transactions Association's TRANSACT 23 drew 3,000 attendees and over 150 speakers, 130 exhibitors, 800 companies and 1,800 decision-makers to Atlanta's Georgia World Conference Center from April 24 to 26, 2023. For three decades, the annual conference and expo has evolved alongside the ever-changing payments industry, according to Jodie Kelley, CEO of the ETA.

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Visa seeks P2P interoperability

Monday, April 24, 2023

Visa wants to bring interoperability to the person-to-person payments space. Later this year, the company will begin testing a service it calls Visa+ which is designed so folks can send money seamlessly across platforms without the need for personally identifiable information.

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NextTech, NJTC event highlights women leaders

Friday, April 21, 2023

The New Jersey Women in Technology Forum, co-hosted by NextTech Communications, CoLab at Bell Works and TechUnited New Jersey, was held April 20, 2023, from 5 to 7 p.m. at the historic Bell Works campus in Holmdel, N.J. Designed to showcase New Jersey's heritage of tech innovation, inclusion and opportunity, the event attracted over 80 attendees and featured networking, refreshments and a panel discussion with female tech sector leaders.

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Studies find growth in fast, digital payments

Tuesday, April 18, 2023

Consumers are stepping up credit and debit card usage and exploring faster payment methods, according to reports issued by the U.S. Labor Department, PSCU and the U.S. Faster Payments Council. Researchers attribute these spending behaviors to current economic headwinds, citing data from the Consumer Price Index (CPI) and Bureau of Labor Statistics.

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Chargebacks911 in face-off with FTC, Florida AG

Monday, April 17, 2023

Chargeback mitigation company Chargebacks911 is in the hot seat for "unfairly thwarting consumers" who were trying to use the chargeback process to dispute credit card charges, according to a complaint filed by the Federal Trade Commission and Florida's attorney general.

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After stumbles, a path forward for crypto emerging

Friday, April 14, 2023

As regulatory bodies and forensic investigators continue to assess investment banking and cryptocurrency failures, a new study by Paxos seeks to clarify causes and identify a path forward for fintechs, crypto advocates and the broader financial ecosystem.

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Green Sheet interviews global payouts leader Nick Baum

Wednesday, April 12, 2023

In a recent interview, Nick Baum, co-founder and CEO of Tremendous, discussed global payouts with The Green Sheet, citing a study by Grand View Research that shows a compound annual growth rate of 17.6 percent for this $4.7 trillion dollar market between 2021 and 2028. In addition to reflecting on his company's journey, he shared insights on growth and best practices among service providers in this sector.

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CFPB chief raises concerns over big tech

Monday, April 10, 2023

Rohit Chopra, director of the Consumer Financial Protection Bureau feels it's high time regulators rein in big tech firms, particularly those involved in payments. Chopra, in an April 3, 2023, interview with Yahoo Finance Live described both systemic and individual user risks that he believes the Financial Stability Oversight Council needs to look into.

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Metaverse: second life or second chance?

Friday, April 7, 2023

Recent reports suggest Web3 technology is placing humans at an inflection point in terms of environmental sustainability. In an April 5, 2023, post in Fintech News, "Big Data is the future of the metaverse, in a sustainable way," Zaveria, author at Analytics Insight, suggested the metaverse and Web3 ecosystem could become the foundation and future of the global digital economy.

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Passwordless future within reach, experts say

Wednesday, April 5, 2023

FIDO Alliance held a virtual conference, March 29, 2023, to assess recent advancements in creating simpler, stronger authentication methods. Sponsored by Beyond Identity, HYPR, 1Password, Anonybit, descope and Thales, the half-day event included panel discussions and fireside chats with experts from Google, Microsoft, Amazon and leading global brands that support FIDO's (Fast IDentity Online's) mission to create secure, scalable alternatives to passwords.

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Green Sheet interviews Kristopher Lazzaretti

Monday, April 3, 2023

Financial institutions are revisiting deposits, a core value proposition that was sidelined in the past decade of branch transformation and solutions designed to drive non-interest revenue. Kristopher Lazzaretti, executive vice president of First Manhattan Consulting Group and head of data-driven marketing at Deluxe Corp., discussed with The Green Sheet how banks can capitalize on the rising value of deposits. Following are interview highlights.

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