payabl.

Artificial intelligence (AI) is transforming industries globally, and payments are no exception. With the recent approval of the EU AI Act by the European Council, we are entering a new era of innovation balanced with robust risk mitigation. On a recent Pay it Forward podcast, we had an insightful conversation with author and finfluencer Theodora Lau. She highlighted, "Generative AI, like ChatGPT, has brought immense capabilities to consumers, sparking curiosity and innovation. However, businesses must tread carefully, especially in financial applications where accuracy and trust are paramount." Our Chief Product Officer, Igor Skachkov, adds, "AI in payments involves advanced algorithms and machine learning to enhance accuracy, detect fraud, and optimise decisions. It’s essential for merchants to understand these technologies or partner with experts who do, ensuring compliance and responsible innovation." As the industry embraces AI, ethical considerations and regulatory compliance are key. Starting with AI-generated FAQs reviewed by humans or joining merchant networks for shared insights can help you integrate AI responsibly. Read our blog exploring the future of AI in payments here https://lnkd.in/d7uqzTDv #ArtificialIntelligence #Payments #EUAIAct #Fintech #FraudPrevention #Innovation #payabl

We Won! 🏆 We’re thrilled to announce that payabl. has won "Best Business Payments System for the Commerce Ecosystem'' at the PayTech Awards 2024, organised by FinTech Futures 🚀 This award is a huge honour and a reflection of our team's dedication to innovation and excellence in the payments industry. Thank you to our amazing customers, partners, and team for your unwavering support. Read more about the award and other winners here https://hubs.ly/Q02Fq2yQ0. #PayTechAwards #Innovation #BusinessPayments #CommerceEcosystem #payabl

The Payment Services Directive 3 (PSD3) signifies a major shift in the EU's financial landscape. Introduced by the European Commission on June 28, 2023, PSD3 and the new Payment Services Regulation (PSR) promise to revolutionise the payments industry.   One year on, here's what we know so far about how PSD3 will disrupt the world of payments:   ❕ Stricter SCA Rules: Allowing two authentication methods from the same category (knowledge, possession, inherence). ❕Greater Accessibility: Additional authentication methods to be introduced, including for the elderly and disabled consumers. ❕Updated Data Management: Merchants must share more data with issuers to combat fraud. ❕New Exemptions: Relaxed SCA for subscriptions and MOTO transactions. ❕Boost for Open Banking: Obstacle-free access interfaces for enhanced transparency. Open Banking consumers will have a clearer view of their granted data access rights, including recipients, and provide a withdrawal function for added control.   With these comprehensive updates, partnering with a payments expert will be crucial to navigate the new landscape effectively. Get ready for a more secure and accessible payments environment!   Read more on the updates here: https://lnkd.in/dnHh9sgy   #PSD3 #payments #fintech #regulation #SCA #paytech

Introducing our latest features for your eCommerce success ✨ 1️⃣ Retry Payment: Reduce cart abandonment with our "Retry Payment" button. 2️⃣ Network Tokenisation: Enhanced security with Visa and Mastercard. Protect data and increase approvals. 3️⃣ Save Card: Speed up checkout by 30%. Boost conversions by 15-20%. 4️⃣ Instant Bank Transfers LPM: From Sept 2024, smoother payments in Austria, Germany, and Italy. Learn more here: https://hubs.ly/Q02D_-0g0 #eCommerce #Fintech #Innovation #SecurePayments #Growth

🔍 Fraud prevention in fintech is a dynamic and evolving challenge. Here are the top takeaways, part of Oleg S.' panel at Reflect Festival. 1. Advanced AI and Machine Learning: Leveraging AI and machine learning can significantly enhance real-time fraud detection by identifying patterns and anomalies. 2. Collaboration and Information Sharing: Building a network for sharing threat intelligence helps organizations stay ahead of emerging fraud tactics. 3. Customer Education: Educating customers on recognizing and reporting fraudulent activities is crucial for early detection and prevention. 4. Regulatory Compliance: Staying updated with regulations and ensuring compliance helps in mitigating legal risks and enhancing trust. Staying proactive and adopting a multi-layered approach is key to safeguarding against fraud in the rapidly growing fintech landscape. For a deeper dive into these strategies, read the full article: https://lnkd.in/dJPrhnBY

We're thrilled to share that payabl. has joined The Payments Association EU! This is a major step in our mission to expand our presence across mainland Europe and deliver instant, transparent, and innovative payment solutions to merchants throughout the continent. As part of the The Payments Association EU, we'll be teaming up with industry leaders, staying ahead of trends, and setting new standards. This membership strengthens our commitment to delivering top-notch solutions for our merchants. Our Group CEO, Ugnė B., expressed our excitement perfectly: “This membership aligns with our vision to drive innovation and the growth of the digital economy in Europe. We look forward to collaborating with fellow members to advance the industry and deliver exceptional value to our merchants.” Find out more here: https://lnkd.in/d6xKkVt7 Stay tuned for more updates as we continue to expand our footprint in Europe! #payabl #PaymentsAssociationEU #Fintech #Innovation #Growth #Europe #PaymentSolutions

Thank you for an incredible iFX EXPO!   Our team thoroughly enjoyed engaging in conversations about the ever-evolving payment industry, exchanging ideas on today’s solutions, discussing the challenges, and learning from all of you.   Your insights and enthusiasm inspire us to continue pushing the boundaries of payment innovation. Ugnė B. Tatjana Meluškāne Foteini Stylianou Haris Sarakas Athina Michael Georgios Frosynis Giorgos Sokratous Vasilis Apostolides Karina Novikova Mike Constantinou   #IFXExpo2024

We are here at the iFX EXPO and ready to connect with you! You can find us at Booth 68. Drop by to discuss your business needs and discover how we can help you take your business to the next level! #iFXExpo

Join us at iFX EXPO for the “Cash Me If You Can: Evolving Payments” Panel that will be moderated by our group CEO, Ugnė B.. Date: June 19th Time: 10:25 AM Location: City of Dreams Mediterranean, Limassol, Cyprus This session will feature insights from industry leaders: Tony Craddock - Director General, The Payments Association Filippo Lucca - Global Sales Director, PayU GPO Vahid Bassett - Corporate Units Junior - Director, ecommbx Catch our team at booth 68 and engage in some in-depth conversations around payments and see how our solutions can be a fit to your business. Let's shape the future of finance together. #payments #fintech #ifxexpointernational #paytech

Meet Nancy Koskoshie, our Senior Marketing Manager at payabl. She translates industry jargon into engaging campaigns, making payments simple and accessible. Get to know her journey and insights in our latest episode drop https://hubs.la/Q02C0RN70