Third of Brits expect day-to-day mobile payments within five years
- 10 years 10 months ago
- Payments
With contactless cards and mobile payments growing in popularity, a quarter of Brits think that in just five years' time they will no longer need cash, according to a survey for Lloyds Bank.
New research reveals that IT issues are holding back the contact centre industry
- 10 years 10 months ago
- Infrastructure
New research from the UK's leading contact centre magazine Call Centre Helper, run in partnership with NewVoiceMedia, reveals that nearly half of industry professionals (44%) name ‘IT issues’ as a key barrier to running an effective contact centre. The survey, which asked over 600 members of the contact centre industry ‘what barriers stop you from running your dream contact centre?’ also found that budget (67%), the need for new technology (40...
Oakam To Establish Fintech Credentials With Launch Of First App
- 10 years 10 months ago
- Infrastructure
Oakam, a UK-based lender providing financial services to people who find it difficult to borrow from banks, today announced its new smartphone app is available to download from the App Store:. The app (iOS) marks the first stage of the company’s digital expansion of its proven in-store model with the intention of it being applied across the UK and beyond.
PayAnywhere to launch Apple Pay-ready mPOS device
- 10 years 10 months ago
- Payments
North American Bancard (NAB), an industry leader in credit card processing, announced it will introduce the newest version of its PayAnywhere Mobile credit card reader, available exclusively in Apple Stores nationwide and www.apple.com in September.
Hatstand launches Cybersecurity Risk Assessment to help strengthen businesses¹ Cyber risk governance programmes
- 10 years 10 months ago
- Security
Global capital markets specialist, Hatstand, announces the launch of its Cybersecurity Risk Assessment, which will enable businesses to better understand the current state of their preparedness against the risk of cyber attacks and identify any shortfalls within their existing governance programmes.
eBay Alternative Brings the Latest Gadgets to Consumers Worldwide
- 10 years 10 months ago
Cross-border shopping is the fastest growing branch of international e-commerce with unprecedented global demand for the latest products on the market. The U.S. retail market is the go-to place for the newest tech products, but there are still many barriers for international consumers.
allpay breaks through £1.5bn Direct Debit barrier
- 10 years 10 months ago
- Payments
Payment services specialist allpay is now collecting £1.59 billion per annum in Direct Debit payments, from 12.1 million transactions. With the total BACS Direct Debit transaction volume reaching 3.6 billion each year in the UK, allpay today represents a growing market share of the UK’s total Direct Debit market.
Hong Kong Airlines Joins Forces with AsiaPay and FEXCO Merchant Services to Launch MCP Payment Solution
- 10 years 10 months ago
- Payments
AsiaPay, the premier ePayment service and technology player in Asia and Hong Kong Airlines, the internationally-acclaimed Skytrax 4-star airline, have today announced a collaboration with FEXCO, the leading independent global provider of Dynamic Currency Conversion (DCC) and Multi-Currency Pricing (MCP) technologies which will see FEXCO's world class MCP solution offered to passengers of Hong Kong Airlines.
Worldpay enters Chinese software export market with Wondershare
- 10 years 10 months ago
- Payments, Infrastructure
Wondershare, the Chinese software industry’s largest exporter by volume, has chosen global payments leader, Worldpay, for its complete payments infrastructure. The move will help Wondershare to improve payment acceptance in its priority markets, underpinning its ambitious global expansion plans.
SME alternative finance now worth £76 billion a year
- 10 years 10 months ago
- FinTech StartUps
UK SMEs are now using £76 billion of alternative finance*, up 43% from £53 billion a year ago as banks continue to pull back from lending to smaller businesses, says Funding Options, the online business finance supermarket. Funding Options says that alternative lending to SMEs is now equivalent to 46% of the value of traditional term loans and overdrafts, which have fallen to £163 billion**. That represents a fall of 5% from £172 billion a year...
Bank Muscat Meethaq upgrades Islamic core banking system
- 10 years 10 months ago
- Islamic Finance
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, as part of continuous endeavour to provide world class services through the latest technology and innovation, has upgraded its core banking system, resulting in a host of cutting edge and first-of-its-kind Islamic banking services covering ATM/CDM, debit card and mobile banking for Meethaq customers. Meethaq now functions with the new iMAL Islamic core banking system.
Almost four in ten say they won’t need cash in ten years time as contactless proves popular for many
- 10 years 10 months ago
- Payments
43% of people look to contactless payments as the payment method of the future. Within the next five years, one in three (34%) expect to be using a mobile device on a day-to-day basis to make payments. By 2025, over one in five (22%) think they will be regularly using their fingerprint to pay for goods and services. The latest research from Lloyds Bank on the future of payments shows many people believe they won’t need cash in the near future...
Commercial lending and supply chain finance growth under biggest threat from non-bank players, finds Misys survey
- 10 years 10 months ago
- Banking
Banks believe that new digitally enabled supplier finance networks and alternative lenders now pose a significant threat to every part of the commercial lending business, according to a new survey conducted by Misys, the leading financial software company. Key findings from the survey include: · 68% cited small business lending as being under high threat · 61% see competitive pressure in supply chain finance product lines, such...
Basware Appoints Amabel Grant as UK managing director
- 10 years 10 months ago
- People Moves
Basware, the leading provider of e-invoicing and purchase-to-pay solutions, is accelerating the uptake of e-invoicing in the UK through a new senior appointment. Amabel Grant is joining Basware through the company’s acquisition of Procserve, the leading eProcurement software solution provider focused on the UK public sector. Grant’s new role will see her focused on improving the growth of Basware’s Commerce Network, particularly within the...
UK credit checking startup Ormsby Street launches in Italy
- 10 years 10 months ago
- Retail Banking
Fintech startup Ormsby Street has launched its innovative credit-checking tool CreditHQ in Italy, as part of a new partnership with one of Italy’s biggest and most-used banks.
