Swift and Global Banks Launch AI Pilots to Tackle Cross-Border Payments Fraud
- 1 year 1 month ago
- Security
Swift has today announced two AI-based experiments in collaboration with its member banks, to explore how the technology could assist in combatting cross-border payments fraud and save the industry billions in fraud-related costs.
FIDO Alliance Addresses Accuracy and Bias in Remote Biometric Identity Verification Technologies with First Industry Testing and Certification Program
- 1 year 1 month ago
- Digital Identity
The FIDO Alliance announced today the launch of the first globally available certification program to test and certify the performance of remote biometric identity verification technology when verifying a user against a trusted identity document for accuracy, liveness, and bias.
myPOS Enables Tap to Pay on iPhone for Merchants in Italy
- 1 year 1 month ago
- Payments
UK-based payments company myPOS has enabled Tap to Pay on iPhone for businesses in Italy. With Tap to Pay on iPhone and the myPOS Glass app, merchants can seamlessly and securely accept in-person contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the myPOS Glass iOS app. No additional hardware or payment terminal is needed.
Axis Bank Collaborates with Mastercard to Launch NFC Soundbox
- 1 year 1 month ago
- Payments
Axis Bank, one of the largest private sector banks in India, today announced the launch of NFC Soundbox in collaboration with Mastercard. An industry-first proposition for the merchant community, the new soundbox will act as an all-in-one solution allowing the users to accept Bharat QR, UPI, Tap & Pay and Tap + Pin payments.
NatWest's Mastercard® Business Savings: Effortless Merchant Discounts for Business Cardholders
- 1 year 1 month ago
- Payments
NatWest introduces Mastercard® Business Savings, a hassle-free merchant discount program designed exclusively for eligible NatWest business credit, charge, and debit cardholders. This complimentary program offers automatic cashback on essential business expenses, empowering businesses to save effortlessly while conducting everyday transactions.
"Rapyd": 73% of Businesses Struggle with Payment Delays
- 1 year 1 month ago
- Payments
Rapyd, the global fintech leader, today released its report, “2024 State of Payments: High-Opportunity Industries.” This comprehensive study dives into the evolving landscape of cross-border payments, focusing on the needs of fast-growing industries such as online gaming, content creation platforms, online travel, marketplaces, and e-commerce.
ZTLment Has Secured €2.4M in Pre-Seed Funding
- 1 year 1 month ago
- Fundraising News
Copenhagen-based fintech startup, ZTLment, has made waves as the first in Europe to pioneer compliant wallet infrastructure on decentralised rails for ordering- and booking platforms. Having raised €2.4 million in total pre-seed funding from investors PreSeed Ventures, Upfin, Giant Ventures, and strong business angels, ZTLment aims to eliminate the need for outdated banking infrastructures once and for all and make it easy to make programmable...
Flutterwave Mozambique Receives Payment Aggregator License Approval in Principle
- 1 year 1 month ago
- Payments
Flutterwave, Africa’s leading payment technology company, today announced it has received an approval-in-principle for its payment aggregator license from the Central Bank of Mozambique. This license enables Flutterwave to offer its comprehensive payment services within Mozambique and strengthen its operations in southern African markets.
Currencycloud Partners with Form3 to Boost Confirmation of Payee Fraud Detection Offering in the UK
- 1 year 1 month ago
- Fraud Detection
Form3, the cloud-native account-to-account platform, today announces that Currencycloud, a Visa solution focusing on simplifying business in a multi-currency world, has selected them to provide account verification technology to support Confirmation of Payee (CoP) activity, designed to reduce fraud in the UK.
Nexi Now Offers Tap to Pay on iPhone for Merchants in Italy with Nexi SoftPOS
- 1 year 1 month ago
- e-Payments
Nexi, the European PayTech, now enables merchants in Italy to accept in-person contactless payments seamlessly and securely with Tap to Pay on iPhone. It will continue to expand the availability of Tap to Pay on iPhone to its customers in Europe where the service is available.
Mastercard and HSBC Middle East Accelerate Travel Payment Innovation Through Bank’s First Wholesale Travel Program
- 1 year 1 month ago
- Payments
Mastercard has joined forces with HSBC Middle East to launch Mastercard Wholesale Program in the region. The move marks the continuation of a long-standing strategic partnership between the two companies and aims to advance automation of buyer and supplier payments for HSBC’s travel merchant customers.
PayPoint Announces Investment in Aperidata
- 1 year 1 month ago
- Investment
PayPoint announced a £1 million investment in Aperidata Ltd, an innovative consumer and business credit reporting and Open Banking platform. The deal will see the PayPoint Group building on an existing commercial partnership between the two companies delivering Open Banking solutions for clients across multiple sectors, including government, local authorities, charities, and housing associations.
PayPal Announces New Leaders to Build New Advertising Platform and Accelerate Consumer Product Innovation
- 1 year 1 month ago
- People Moves
PayPal Holdings, Inc. (NASDAQ: PYPL) today announced new leadership appointments that will drive the creation of a new advertising platform and strengthen the company's consumer value proposition. Mark Grether will join on May 28 as SVP, General Manager, PayPal Ads, and John Anderson has joined as SVP, General Manager, Consumer Group. Grether and Anderson will report to Diego Scotti, EVP, General Manager, Consumer Group and Global Marketing...
Worldline Signs Agreement with Banque Raiffeisen for Cloud-Based Instant Payments Processing in Luxembourg
- 1 year 1 month ago
- Payments
Worldline, a global leader in payment services, has signed a contract with Banque Raiffeisen, making them Worldline's first client on its cloud-based instant payments solution in Luxembourg. Worldline already works closely with Banque Raiffeisen, providing services including Clearing and Settlement of SEPA Credit Transfers, Issuing Processing and ATM Acquiring.
Viva.com Brings Tap to Pay on iPhone to Italian Businesses
- 1 year 1 month ago
- Payments
Viva.com, Europe’s first acquirer powering payments on any device in 24 markets, now enables Italian merchants to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone and its viva.com | Terminal iOS app. Tap to Pay on iPhone accepts all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the viva.com | Terminal iOS app, with...
