SEON, the fraud fighters, today announce new insight into the scale of the cybercrime problem UK SMEs face, estimating that there may be as many as 6,500 preventable cybercrimes committed against UK SMEs every day.

BPC’s smart city payment division, O-CITY, has joined the Visa Ready for Transit program for mass transit systems. Visa Ready for Transit program is designed for companies, like O-CITY, whose technology products and capabilities are helping transit agencies and riders realise the benefits of tapping to ride with a contactless card or digital wallet. Acceptance to the program means that O-CITY is a now certified partner and available to cities globally to accelerate their digital transformation.

Both the Canadian and Australian banking sector remain long-distance runners. With an average net annual return of 11%1 since 1996 for the Solactive Australian Bank Equal-Weight Index and 14.4%over three decades2 for the Solactive Canadian Bank Mean Reversion Index, Canadian ETF provider Hamilton Capital Partners Inc. (“Hamilton ETFs”) recognized the potential of these bank indices and licensed both indices as the underlying for two new index ETFs in Canada.

Delta Capita, a global provider of managed services, fintech solutions, and consulting, has launched a client lifecycle management (CLM) platform that enables financial institutions to cut their operational costs by up to 40%.

FSS (Financial Software and Systems), a global digital payment and financial technology company, announced today that its FSS Secure3D is compliant with European Union Payment Service Directive2, Strong Customer Authentication (PSD2 SCA) guidelines for initiating and processing electronic payments that would come into effect in December, 2020. The support for PSD2 SCA guidelines reduces risk exposure, minimizes losses, and provides safer, secure commerce experiences to consumers in an open banking world.

Silicon Valley analytic software firm FICO has been awarded 13 new patents related to fraud, artificial intelligence (AI) and decision management. In total, FICO currently holds 198 US and foreign patents and 103 pending patent applications.

Five of the patents are for ground-breaking analytic technology used by FICO’s industry-leading FICO^® Falcon^® Platform for fraud management:

Marqeta, the leading global modern card issuing platform, today announced it has helped one of the UK’s fastest-growing companies, Capital on Tap, to expand its small business credit lending services to Spain. Capital on Tap will be using Marqeta to power payment processing for its small business credit card, offering a working capital facility of up to €50,000 for small businesses.

Pan-African cross-border payments leader MFS Africa today announced that it has acquired Beyonic, a digital payments management provider of business services for SMEs, fintechs, and social impact entities across Africa.

Zenus Bank, the American digital bank is announcing today it is the first International Financial Entity to become a Principal Member of Visa, the world’s leader in digital payments.

Zenus Bank makes it easy and safe for clients to access, send, receive and store money in the USA from anywhere globally. By leveraging Visa’s brand, scale and global acceptance footprint, Zenus will bring a robust and innovative value proposition.