Naveed Anwar

🚨 Visa just launched Visa Payment Passkey Service, a new take on digital payments identity — one that creates a more streamlined and secure experience wherever you shop online. Visa Payment Passkey Service binds your account credential with your device, enabling you to use the biometrics you use to unlock your device for payment authentication. Enroll once via checkout (or your mobile banking app, in the future) and then pay with a smile, everywhere Visa is accepted online, across any device or online surface. No need to worry about passcodes or authenticator apps for each checkout experience. Up until now, account numbers and transaction patterns have been used to identify consumers. Visa Payment Passkey Service confirms ‘you are you,’ by enabling you to use the biometrics you use to unlock your device for payment authentication. More info here: https://lnkd.in/eDhZ4KTV Also, Right now, consumers pack all sorts of debit and credit cards, but newly emerging Visa technology could enhance what each card is able to do. Specifically, the company envisions a world where a single credential unlocks the ability to purchase through debit and credit, among other options. In this system, banks would issue a "flexible" credential to cardholders, and users would be able to set their preferences on their mobile-banking apps. For instance, they could choose for payment amounts under a certain level to be funded by debit or for those at a specific type of merchant to go through credit. There could also be options to pay in installments or with points. "We think there's a way to kind of modernize this credential by simply having a credential card that can do all of those things," Mark Nelsen, Visa's global head of consumer payments, said in an interview. Long story short: The merchant will send its usual signal to Visa with the transaction details, and Visa will determine how the purchase will be funded based on the rules the consumer has set up through their bank, and when the authorization goes through the transaction will be defined as credit, debit or a virtual card, etc. More info here: https://lnkd.in/eHbSYVm6 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼��𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

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This Fintech Nexus article offers a fascinating look at how Jifiti is shaping the future of embedded finance through strategic partnerships with banks and retailers. I'm proud of our team's work building flexible infrastructure that powers personalized lending solutions across 12 countries. The embedded finance landscape has evolved rapidly in recent years, with forward-thinking FIs embracing fintechs like Jifiti to enhance their digital offerings. While integration is never simple in this industry, our "pipes" are designed to connect banks, retailers, and service providers with minimal disruption. With the embedded finance market projected to grow nearly 150% by 2028, Jifiti is well-positioned to help banks launch embedded POS finance solutions on a global scale. Our partnerships with Ingenico, FIS, and Finastra are key to making this happen. The future of embedded finance is bright – and Jifiti is ready to light the way.

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#Collaboration is key in fighting #fraud. That's the big idea behind Mitek Systems' #CheckFraud Defender consortium, a group of financial institutions sharing check fraud information with each other through our solutions to stop more fraud "before post." Check out Michael Diamond's video to learn more about Mitek's collaborative approach.

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Got 2 minutes? Learn more about how Mitek Systems is using the power of #collaboration to combat #checkfraud. Michael Diamond brings the story to life.

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Learn how the recent classification of MCC 5968 to high risk is reshaping the subscription payment processing landscape for many merchants, with insights from payment expert Melanie Stout. Read more 👉 https://lttr.ai/AS379 #subscriptionmodel #subscriptioneconomy #subscriptionbusiness #subscriptionbilling #subscription #recurringrevenue #churn #involuntrychurn #negativeoption #autorenew #premium

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Another #generativeAI solution reported by FinTech Magazine! This time, the cloud banking provider Temenos is launching its very first "responsible" generative AI solution for core #banking, one piece of a larger Gen-AI infused banking platform integrating with the Temenos Core and Financial Mitigation (FCM). It aims to help banks change the way banks interact with their datasets to boost #efficiency, daily operations and product management. Another benefit is its ability to help banks analyze data and predict future investments. In this article, there is an argument made that the more banks step into utilizing generative AI in their workplaces, the more it normalizes the technology and we can transition from a place of AI discussion/hype into #AIApplication and direct action. But, are we ready for that yet? Let me know your thoughts.

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My fellow Americans, please wake up. Israel is committing genocide & ethnic cleansing with the weapons & tax dollars we keep giving them. Not only have around 70% of the people that Israel has been killing been WOMEN (>10K) & CHILDREN (>14K), but they have also been killing & starving babies, disabled people, the elderly, & pregnant women. And most of the men they’ve been killing have been civilians – fathers, grandfathers, & even great grandfathers, & they are now finding mass graves all over Gaza proving this. They’ve even killed over 400 doctors, nurses, & medics, over 220 U.N. aid workers, & over 140 journalists (because their pesky cameras document too much evidence). And they’ve destroyed most of the homes, hospitals, schools, & infrastructure, making most of Gaza uninhabitable, as their leaders promised multiple times, & already have plans to move in Jewish settlers. So if you still doubt that Israel is committing both genocide & ethnic cleansing with the weapons & funding that WE keep giving them, then I have bridge to sell you. 🙏Please write & call your representatives & the White House to demand they stop helping Israel kill children & maintain its brutal, racist apartheid with our tax dollars.

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The biggest change will be the ability for banks to issue one physical payment card that will be connected to many bank accounts. Visa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. Visa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. Visa

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The financial inclusion is essential yet complex, Helal Tariq Lootah, co-founder and co-CEO of Lune Technologies, underscores the transformative role of AI in addressing these challenges. Based in #Dubai, Lune Technologies pioneers the integration of financial data analytics and AI to advance financial literacy and inclusion across the #MENA banking and insurance sectors. Using the UAE as a case study, Lootah asserts that true financial inclusion transcends mere access to products; it necessitates comprehensive financial literacy. This enables individuals to make informed choices, engage effectively in the financial ecosystem, and ultimately contribute to a thriving economic environment. #AI’s role in this context is crucial, facilitating deeper insights and smarter decision-making processes that can bridge the divide between access and genuine inclusion. #FinancialInclusion #ArtificialIntelligence #Fintech #MENAEconomy #FinancialLiteracy #LuneTechnologies

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🌏 Adena Friedman, the Chair and CEO of Nasdaq, has shared some exciting updates! She has been engaged in discussions in Saudi Arabia and at the Dubai FinTech Summit, and has also celebrated a decade of innovation in the Bangalore office. These activities highlight Nasdaq's central role in global economic growth and its efforts to fuel economies and foster innovation across the financial system. You can find more information about Nasdaq's initiatives in Adena's latest article here: https://lnkd.in/dMpEjJxg #Nasdaq #GlobalImpact #Innovation

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