The UK saw a steep jump in eCommerce sales in June 2020 — up 20 percent compared to June last year, the largest increase since the beginning of the Covid-19 lockdown restrictions, according to an analysis of hundreds of millions of transactions by global payments software company ACI Worldwide (NASDAQ:ACIW).

Onguard, the FinTech company dedicated to redefining the order-to-cash payment process, has announced the appointment of Andy Bass as New Business Development Manager as the company continues its UK expansion and exploits new opportunities in the region. 

MYPINPAD, the global leader in secure personal authentication solutions is the first company in the world to achieve Payment Card Industry (PCI) Security Standards Council (SSC) certification for its Android software-based Contactless Payments on Commercial off-the-shelf (CPoC) solution, enabling contactless payments on smart devices.

Digital banking software provider, Backbase, has today announced the launch of its new offices in Sydney and Melbourne. With the expansion, Backbase is well positioned to cater to the evolving digital banking landscape in Australia and New Zealand (ANZ).

CRIF, a global company providing credit bureau, business information and credit solutions, and SIA, a leading European hi-tech company in payment services and infrastructures controlled by CDP Equity, have signed a strategic partnership agreement to offer advanced Open Banking services and applications in Italy and Europe. 

Responding to the urgent need for financial institutions globally to comply with the European Commission’s (EC’s) updated Shareholder Rights Directive (SRD II) by the September 3, 2020, deadline, Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has announced a record number of new signings for its multiple-industry, award-winning SRD II solution.  Broadridge is now onboarding these new clients, which are based both within and outside of Europe and include both retail- and institution

FSS (Financial Software and Systems), a global leader in payment products and payment processor, announced its e-Commerce Payment Gateway has been enhanced to support leading payment wallets -- Apple Pay, Samsung Pay and Google Pay --for online, in-app and mobile purchases. The addition of new digital instruments is designed to help merchants meet evolving needs of customers for new ways to pay and to boost online sales. 

The fintech revolution in the mobile space

We have seen extraordinary levels of Government-backed support made available to the public and businesses alike in responding to the health crisis by our banks through payment holidays, grants and the furlough scheme. While we keep collective fingers crossed that the economy bounces back quickly, the consequences of loan payment freezes, mortgage payment holidays and business interruption loans will no doubt last for years.

Enterprise businesses could lose almost £1m annually in failed payments, with mid-market businesses making losses of £200k+ and small businesses £6k+, according to a new study by GoCardless, the leading fintech for recurring payments.