Ingenico Group, the global leader in seamless payment, saw a significant increase in online transactions throughout Europe as a result of this year’s Black Friday shopping period – sales came from a range of industries, not just the retail sector.

 2019 ONLINE TRANSACTION DATA

Flywire, a provider of vertical payment and receivables solutions for businesses and institutions, today announced a new integration partnership with iSAMS, a 100% web-based school management and integrated accounting solution.

Wirecard, the global innovation leader for digital financial technology, and Orange Bank are expanding their successful cooperation and now offering all Android users in France convenient mobile payment with Google Pay. Thanks to Wirecard, Orange Bank has already established itself as the market leader for mobile payments in France – 17% of such payments were made via the Orange Bank App in 2018. The addition of Google Pay should increase this figure enormously.

FSS (Financial Software and Systems), a global payments products and solutions provider and payment processor, and Arab Financial Services (AFS), the leading payment solutions provider and FinTech enabler in the Middle East and Africa, have entered into an agreement to bring omni-channel payment acceptance solutions to banks in the region. The partnership combines FSS’ technology expertise in acquiring and payments, with AFS’ payments processing and hosted services capabilities to aid acquiring banks rapidly grow their merchant acceptance business. 

Wall Street giant Goldman Sachs is teaming up with Silicon Valley startup QC Ware to investigate the use of quantum algorithms in finance.

Today, Consumer Financial Protection Bureau Director Kathleen L. Kraninger made the following statement regarding her Dec. 11 one year anniversary leading the Bureau:

With the world’s smart transportation market predicted to reach USD 149.21 billion by 2023, it’s clear the industry is in a period of great change, with a bright future ahead. To date, however, the evolution of the market and innovation of services has happened in isolation and on a local level, rather than considering what can be achieved and how it can evolve on a global scale. As a result, the transportation market has trailed behind adjacent industries in delivering new services to consumers.

The Board of Guernsey Finance announces the departure of its CEO, Dominic Wheatley after more than five years of service.

Mr Wheatley will leave the promotional agency on the 30 June 2020, having been in the role since December 2014.

Chairman Lyndon Trott said: “The board is grateful to Dominic for his commitment and performance over the last five years. We move forward from a positive base with a strong team and strategy established, and on the back of very positive outcomes during 2019.

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its MF Info Xchange service, the first offering of its kind to standardize communications for the mutual fund industry, has been enhanced with new efficiencies and capabilities, including integrating the offering with other DTCC mutual fund services.

Currencies Direct, the leading international payments provider, has appointed Pedro Batista as Chief Payments Officer.

The newly created role will see Batista lead the organisation’s payments strategy – managing extensive banking relationships and the delivery of innovative payment solutions to enhance Currencies Direct’s product range and deliver a cutting-edge service to its clients.