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Mercury Secures $100M Credit Warehouse With Natixis

Mercury is pleased to announce the successful securing of a $100 million credit warehouse with Natixis Corporate & Investment Banking, a multinational financial institution. This achievement will support the expansion of Mercury’s corporate credit card business, particularly the IO World Elite Mastercard, which is issued by Patriot Bank, N.A., Member FDIC, under a license from Mastercard International.

Wednesday, October 9, 2024 - 11:25
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/news/fundraising-news/mercury-secures-100m-credit-warehouse-natixis
Financial IT
Aleph Acquires Controlling Equity Interest in Localpayment and Targets $1.4 Trillion Digital Payments Market

Aleph, a leading ecosystem of global digital experts and technology-driven solutions that enables the growth of global digital marketing, today announced the acquisition of a controlling equity interest in Localpayment, a fast-growing Payment Service Provider (PSP) in Latin America, transforming the digital landscape by combining first-class digital advertising solutions with seamless local payment capabilities, creating a natural network effect.

Wednesday, October 9, 2024 - 11:20
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/news/payments/aleph-acquires-controlling-equity-interest-localpayment-and-targets-14-trillion
Financial IT
ASK Global Partners with Yaspa to Bring Open Banking to PINTO Machines in the UK

Yaspa, a British fintech company specialising in instant bank payments through open banking, has announced a new partnership with global payment solutions provider, ASK Global. This collaboration will see Yaspa integrated into ASK Global's PINTO machines, which are widely used in some of the UK's largest and most popular land-based casinos and betting shops.

Wednesday, October 9, 2024 - 10:04
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/news/open-banking/ask-global-partners-yaspa-bring-open-banking-pinto-machines-uk
Financial IT
Financial Literacy Gap: Half of UK Adults Claim Good Understanding of Jargon, But 71% Don’t Know How a Savings Account Works

New research from Pay.UK, owner and operator of the Current Account Switch Service, reveals a gap between how much people say they understand about money and the reality. The research reveals 78% of UK adults consider themselves financially literate yet 71% of respondents don’t know how a savings account works.

Wednesday, October 9, 2024 - 10:00
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/news/personal-finance/financial-literacy-gap-half-uk-adults-claim-good-understanding-jargon-71-dont
Financial IT
Checkout.com Becomes First Global PSP to Launch Octopus, the Leading Payment Method in Hong Kong, for Online Payments

Checkout.com, a leading digital payments provider, today announced a strategic partnership with Octopus, Hong Kong’s first homegrown global fintech, to enable online payment for customers of Hong Kong’s leading payment choice – becoming the first global payment service provider (PSP) to add Octopus as a payment option at check-out. 

Wednesday, October 9, 2024 - 09:53
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/news/payments/checkoutcom-becomes-first-global-psp-launch-octopus-leading-payment-method-hong-kong
Financial IT
New Report Finds That 95% of PSPs Have Had Accounts Closed or Restricted by Banks

 A new report from cross-border payments and FX fintech, Neo, has revealed that 95% of Payment Service Providers (PSPs) have experienced their bank accounts being closed or restricted by their banking partners.

Wednesday, October 9, 2024 - 09:02
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/news/payments/new-report-finds-95-psps-have-had-accounts-closed-or-restricted-banks
Financial IT
Experian to Transform Commercial Insurance Underwriting Processes with New AI-Powered Data Partner Solution

Experian UK&I today announces a new AI-powered data solution ‘Hazard Tags’ which will help transform underwriting processes in the commercial insurance sector.

Manual underwriting methods can be time-consuming for insurers and can often lead to a lack of clarity over key questions that are pivotal for accurate risk rating and quote pricing, as businesses expand and change their operations over time to reflect market demand.

Wednesday, October 9, 2024 - 08:59
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/news/insurtech/experian-transform-commercial-insurance-underwriting-processes-new-ai-powered-data
Financial IT
INDEXO Launches New Fully-Fledged Banking Experience for Latvians, Powered by Mambu’s Cloud Banking Platform

After being granted a banking licence from the European Central Bank, INDEXO Bank has officially commenced its banking operations in Latvia, leveraging Mambu, a leading cloud banking provider to build its extensive financial offering ranging from daily banking services to lending.

Wednesday, October 9, 2024 - 08:56
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/news/banking/indexo-launches-new-fully-fledged-banking-experience-latvians-powered-mambus-cloud
Financial IT
MeaWallet and B89 Join Forces to Enhance Digital Payments with Advanced Tokenization

MeaWallet, a leading digital payments enabler specialising in card tokenization announces its partnership with B89, a pioneering TechFin (fintech fully driven by techn

Wednesday, October 9, 2024 - 08:53
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/news/e-payments/meawallet-and-b89-join-forces-enhance-digital-payments-advanced-tokenization
Financial IT
FOURSOURCE Selects Mangopay to Transform Textile Marketplace Experience

FOURSOURCE, one of the world’s largest tech-enabled B2B apparel and textile network, has appointed Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms, to launch a customised end-to-end solution to allow payments to take place within the platform for the first time. 
 

Wednesday, October 9, 2024 - 08:50
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/news/payments/foursource-selects-mangopay-transform-textile-marketplace-experience
Financial IT

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