Lloyds Bank has partnered with Fiserv, a leading global provider of payments and financial services technology, as the first bank to widely offer wholesale FX rates to UK and European merchants for dynamic currency conversion (DCC) on card transactions.

DCC enables consumers paying for purchases to see the cost in their local currency, regardless of which currency the merchant uses to display prices. This provides greater transparency and control over the cost of purchases.

Checkout finance provider, Divido, today launches two new product capabilities ‘Divido Analytics’ and ‘Split Capability’, allowing merchants to have greater understanding and flexibility over their checkout finance experience.

“Digital adoption has facilitated more and more payments,” said Przemek Henschke – CIO at D360 Bank at this year’s 4^th Annual Future Banks Summit & Awards KSA, in Riyadh, Saudi Arabia.

Zumo, the B2B digital assets infrastructure, has launched a ground-breaking new report at Sibos 2023 in Toronto. 

The report, titled Digital Assets 2023: Identifying the opportunities across the enterprise landscape, is the first to comprehensively survey, categorise and practically analyse emerging areas of opportunity across the global digital asset ecosystem from an enterprise perspective. 

DKK Partners, a leading Frontier Markets FinTech company which specialises in emerging markets (EM) and foreign exchange (FX) liquidity has announced the successful closing of their pre-seed funding raise, totalling £3 million, prior to Series B set to take place at the beginning of 2024.

According to new customer data from embedded banking provider, BankiFi, businesses from a wide range of sectors continue to trust payment links such as SMS, email and QR codes when requesting payment on invoices, particularly when the relationship between buyer and sellers is already known. The trend comes despite years of warning from banks about a perceived heightened app fraud risk through payment links.

Tuum, leading next-gen core banking provider, and Paymentology, the world's premier next-gen global issuer-processor, have solidified a strategic partnership aimed at introducing a comprehensive, pre-integrated card payment processing and core ledger solution tailored for the European and Middle East markets.

Temenos today announced that Libra Internet Bank, one of the most innovative banks in Romania, has selected Temenos to modernize its payments capabilities using Temenos Payments to facilitate ISO 20022 cross-border payments and reporting (Swift CBPR+) on the Swift network. Libra will leverage Temenos’ composable, scalable platform to add other payment rails in future, bringing them together in a single, efficient platform. This will support the bank’s growth plans to double payments volumes over the next five years.

Ingenico, a global leader in payments acceptance solutions and Diggecard, a global provider of gift card expertise and technology, have announced that Diggecard's services are now available on PPaaS, Ingenico's innovative cloud Payments Platform as a Service.