Deal brings 8,000 ecommerce merchants to Nets portfolio, as part of continued European expansion. Merchants and partners to benefit from expanded set of ecosystem integrations and a broad range of functionalities as well as future innovations

Consolidation in European payments:

Tinkoff Group has joined the United Nations Environment Programme Finance Initiative (UNEP FI), the largest UN partnership with the finance industry or the worldwide community of nearly 400 banks, insurers and investors. More than 220 banks have now signed the Principles for Responsible Banking, a unique framework for ensuring that signatory banks’ strategy and practice align with the vision society has set out for its future in the Sustainable Development Goals and the Paris Climate Agreement.

NatWest has been recognized for "Best Security and Anti-Fraud Development" following its enterprise-wide deployment of the ARIC™ Risk Hub; Featurespace's real-time machine learning Enterprise Financial Crime prevention software.   

The award was announced during The Card & Payments Awards’ digital ceremony on April 29, 2021. 

Today’s Eurozone GDP numbers highlight the stark difference in the state of the US and Eurozone economies. GDP contracted 0.6% q/q in the Eurozone in Q1 as the slow vaccine roll-out and continued lockdown restrictions took their toll.  A hefty 1.7% decline in activity in Germany easily outweighed a 0.4% gain in France. Yesterday’s data, by contrast, showed the US economy, already recovering fast on the back of the massive fiscal stimulus and growing 1.6% q/q last quarter.

Sowmya Mony, 33, from Sheffield, is using her background as a software developer to inspire more young women into STEM as she trades tech for teaching, supported by Transition to Teach.

Transition to Teach is a Department for Education funded initiative which enables eligible career changers, those at risk of redundancy and early retirees to train for new teaching careers. Recruitment for the 2021 programme beginning in September is now underway across the Yorkshire region.

UTP Group has partnered with Faster Processing to provide its eCommerce customers with the unique ability to receive fund settlement within hours rather than days. Up until this point merchants have had to wait anywhere up to five working days before receiving the funds from payments they have taken online. 

NatWest has been recognised for "Best Security and Anti-Fraud Development" following its enterprise-wide deployment of the ARIC™ Risk Hub; Featurespace's real-time machine learning Enterprise Financial Crime prevention software.   

The award was announced during The Card & Payments Awards’ digital ceremony on April 29, 2021. 

Businesses the world over are still coming to terms with the massive changes to consumer behaviour caused by COVID restrictions. For some, those changes have actually served to underline the importance of the service they provide and might expedite their growth. How can companies better prepare for rapid development like this? 

A retreat into protectionism, already evident as a trend for some time, has been further exacerbated by the COVID-19 pandemic, resultant economic instability, and the EU vaccine rift. As countries scramble to protect businesses considered essential to national interest, attitudes to foreign investment are becoming increasingly stringent.