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Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants Saudi Central Bank Launches Google Pay Service Through Mada Network Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’ barq Joins Forces With Thunes to Power Faster, World-Class Remittances Across Saudi Arabia Paymentology Expands Presence in Saudi Arabia to Support Vision 2030 and Next-Generation Payments JPMorganChase and Plaid Announce an Extension to their Data Access Agreement for Sharing of Consumer Permissioned Data Enhancements to Ecommpay Subscriptions Service Help Address Failed Recurring Payments HSBC Deploys Wealth Intelligence for Its Wealth Management Staff to Enhance Client Experience

First Data Triumphs at the CEPI Asia Awards

First Data, a global leader in commerce-enabling technology and solutions, today announced that it has won the Best Merchant CRM Programme at the 2016 Cards & Electronic Payments International (CEPI) Asia Awards, which were held on the 8th September 2016 at the Grand Copthorne Waterfront Hotel Singapore.

First Data won the award based on the Digital Customer Relationship Management (CRM) solution it designed on behalf of ICICI Merchant Services, which is a joint venture between First Data and ICICI Bank. The primary objective of the solution was to revamp and renew the customer experience by empowering and enabling ICICI Merchant Services’ merchant clients. ICICI Merchant Services is one of the largest merchant acquirers in India, serving large and small merchants across the country with a portfolio of innovative payment solutions.

Working closely with the team from First Data, ICICI Merchant Services introduced two seamless digital self-serve features:

· Merchant Mobile App: Allows merchants to download a secure, user-friendly app on Android, iOS or Windows phones and with a simple click raise multiple service requests, which include paper roll requests, terminal service requests, account statement requests and more.

· Digital Service with IVR: Allows merchants to avoid lengthy call centre queues and speaking to a customer representative. The self-service IVR with simple and easy to use features lets you raise service requests from the convenience of your keypad.

After launching the service in July 2015, ICICI Merchant Services saw a 60% conversion to Digital Self-Serve channels in just six months. There has also been a drastic improvement in overall efficiency and productivity at the Contact Center with a 30% call reduction in the first six months. Furthermore, the mobile app enables merchants to accept mobile payments via QR code, and further enhancements are being made to provide even more value-added services.

“Winning a CEPI Asia Award is a tremendous achievement for the First Data team in India. Our principle philosophy is to help our clients grow their business and run it more efficiently, and this has been clearly demonstrated in the self-service mobile app we have designed,” commented Ivo Distelbrink, EVP, Head of APAC Region. “This award win is testament that First Data stands at the centre of the fast-paced payments ecosystem, collaborating to deliver next-generation digital technology solutions that our clients have been asking for.”

  1. Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns Read more
  2. WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance Read more
  3. AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Read more
  4. Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering Read more
  5. United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Read more
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