nexo standards, the international association enabling global interoperability in payment acceptance, has welcomed twelve new companies to its membership, bringing the total number of members up to 89.

Kickstart, one of Europe’s largest innovation platforms, is welcoming applications for the fifth iteration of its annual B2B scale-up programme aimed at late-stage start-ups interested in entering the Swiss market. 

Around 100 entrepreneurs will join the three-month programme in September to connect and create specific pilots and commercial projects with one of Kickstart’s 50 corporate and public sector partners, which include businesses like AXA, Roche, Credit Suisse and Lafarge Holcim. 

In line with its new vision to fuel innovation, Africa and Gulf Bank (“AGB”) in Sudan has signed an agreement with Path Solutions, the software specialist for the Islamic financial services industry, in which Path will provide the front-to-back iMAL suite for retail, commercial and corporate banking to be implemented as AGB’s new core banking and channels platform.

Mettle, NatWest’s free standalone digital business account, has announced that FreeAgent, the cloud based accountancy software for small businesses, is available free of charge for its customers. Businesses who sign up to link their Mettle and FreeAgent accounts will save at least £150 a year – the minimum cost of an annual FreeAgent subscription.

Wolters Kluwer Compliance Solutions has launched a dedicated banking technology solution, utilizing its market-leading SaaS-based TSoftPlus™ software, in response to the U.S. Congressional passage of the CARES Act (Coronovirus Aid, Relief and Economic Security Act). The solution, branded as Paycheck Protection Program supported by TSoftPlus™,  is designed to help all U.S.

Innovation and technology usually go hand in hand.  Therefore, for innovation to be fully realized, the technology that enables the innovation must be adopted as well.  During the last 5 years, we have had innovations from Google, Apple, Facebook and Amazon, that include Mobile Banking, Payment Gateways, Mobile Wallets and Real-Time Payments applications, and yet, none of these innovations were broadly adopted.

Australian Payments Network (AusPayNet), the self-regulatory body for the payments industry, confirmed today that the payment industry will be increasing the PIN limit for contactless card payments from $100 to $200 to reduce the need for physical contact with the payment terminal.