MRC | Merchant Risk Council’s Post

📣 The CFPB's final Rule 1033 is HERE ... well, almost! The final Rule 1033 is expected to be published any day now, and it will impact the landscape of #OpenBanking for the next few years. Our team will be ready to go with a live "unboxing" of the final rule when it's published. Sign up to be the first to get ✅ The key points of the final rule without all the jargon ✅ A recap of our early predictions: what we got right (and wrong) ✅ Expert analysis on how Rule 1033 will impact merchants and fintechs Save your spot now 👇 https://lnkd.in/e3DvTNH7

CPFB rule 1033 is almost here... and you should be up to speed on what it all means for you, your business, and for consumers. 📣 Hint hint: greater control and transparency over consumer financial records. Join Matthew Janiga at #Trustly and be one of the first to get well versed on this important topic. Save your spot below ⬇

Well, America - you're officially going to be "Open" for "Banking". Rule 1033 is one of the most anticipated regulatory decisions to come out in years. It will make a standard on how banks and fintechs work together to enable secure, reliable sharing of bank data to enable payments and financial services. For #OpenBankingPayments, it starts the US governments official backing of a card network alternative. Come join our unveil party with some of the leading legal and regulatory minds in the business. Click the invite in the post below and join the fun.

We are just a day away from the American Banker Payments Forum and are excited to be a part of this event! Let's catch up to exchange meaningful insights and hear experts share predictions while exploring the customer behavior trends driving the market. Rahul Dubey | Neha Varshney Arora #BankingInnovation #PaymentsForum #SecureExperiences #AmericanBankerPaymentsForum

Drake Star dropped its Payments Report including this Market map👇 Are any Payment companies missing in this overview? The Key highlights from the report: ⏺ Payment accounted for 39% of total FinTech M&A activity in 2023 ⏺ Average deal value more than tripled in 2023 vs. 2022, reaching over $700 Million in average deal size. ⏺ Strategic buyers accounted for over 70% of total Payment M&A deals in 2023. ⏺ The Payment landscape is still highly fragmented (over 1,500 companies) and ripe for further consolidation. ⏺ Drake Star’s 2024 Outlook including expectations for Digital Wallets, Expansion of Buy Now Pay Later (BNPL), Security and Fraud Prevention, and more. Download the complete #fintechreport for more interesting info: https://lnkd.in/enPk2PAV Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #payments #paytech #digitalpayments #financialtechnology #fintechindustry #paymentindustry #paymentsolutions #paymentprovider 

Join us for an engaging webinar on June 25, 2024, at 2 pm ET to explore the future of card programs. We have an all-star panel to discuss the new Datos Insights report on the four stages of card program maturity with Alex Johnson from Fintech Takes, Alan Ng from Accenture, and David B. Shipper from Datos Insights. Don’t miss this chance to innovate and enhance your banking strategies. Register now: https://lnkd.in/gnhT5WfZ See you there! #Zeta #NextGenProcessing #datos  #digitalexperience #cardprocessing #cardprograms

🌐💳 The Future of Digital Payments is Here! As we move further into 2024, the world of merchant services is rapidly evolving. From cutting-edge biometric payments to the influence of Gen Z, these trends are reshaping how we conduct transactions. Over the next few weeks, we'll dive into the top trends you need to know to stay ahead in the digital payments landscape. Get ready to explore the innovations that will define the future of payments and learn how Reliable Payments can help you navigate this exciting (and necessary) journey! Stay tuned for more insights! 🤓 #reliablepayments #digitalpayments #future #trends #merchantservices #yourguide

Here's how a Payments Orchestration Platform streamlines various connections for maximum efficiency and effectiveness: 🌐 Multiple Payment Gateways By seamlessly connecting with numerous gateways, merchants can boost global coverage, improve transaction success rates, and ensure a frictionless payment experience for customers across borders. 💳 Diverse Payment Methods Catering to diverse customer preferences by supporting a wide range of payment methods, including credit/debit cards, e-wallets, bank transfers, and alternative payment options. This helps merchants expand their market reach and increase conversion rates. 💼 Payment Service Providers Merchants can easily manage and switch between different providers for optimal rates, processing fees, and flexibility. 🔒 Fraud Prevention: Merchants with cutting-edge fraud detection tools not only safeguard revenue, but also protect customers' sensitive information. This proactive approach to security builds trust and fosters long-term customer loyalty. 📊 Advanced Analytics Leveraging comprehensive payment performance data allows merchants to make informed decisions and refine strategies. Analytics enable merchants to pinpoint areas for improvement and capitalize on opportunities for growth. Source: Ali Ahmed from ACI Worldwide - Follow this guy for more amazing Payments updates👌 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #digitalpayments #paymentproviders #paymentindustry #paymentsolutions #paymentservices #fintech #fintechindustry 

Javelin Strategy & Research colleagues Tracy K. and Kevin Libby have this new scorecard out of our Fraud Management practice: Identity-proofing, a fundamental need of financial services companies, is a space in considerable flux. Fintech companies that cut their teeth as e-commerce payments platforms are entering the competition and making inroads with innovative solutions. Among those is Persona, the Best in Class winner in this Javelin Strategy & Research scorecard, which wasn’t among the firms evaluated in 2020 for the previous Javelin scorecard. https://lnkd.in/g2dR5xPB #identityproofing #authentication #fintechs

Discover why convenience is king for consumers and merchants alike, with 41% of respondents citing it as the top reason for using digital wallets. Read more in the insightful TheFinancialBrand article: "As Digital Wallet Use Goes Up, Financial Institutions Must Adapt,” by Serena Smith, Chief Client Officer i2c Inc. , as she explores the surge in digital wallet usage and what it means for financial institutions. Also, uncover the crucial steps banks should be taking in this evolving landscape. Don't miss out on the must-know insights! https://lnkd.in/gDhpzbwY #DigitalWallets #BankingEvolution #i2c #leadershipinsights