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Worldpay enters Chinese software export market with Wondershare

Wondershare, the Chinese software industry’s largest exporter by volume, has chosen global payments leader, Worldpay, for its complete payments infrastructure. The move will help Wondershare to improve payment acceptance in its priority markets, underpinning its ambitious global expansion plans.

Thursday, August 27, 2015 - 11:48
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Hong Kong Airlines Joins Forces with AsiaPay and FEXCO Merchant Services to Launch MCP Payment Solution

AsiaPay, the premier ePayment service and technology player in Asia and Hong Kong Airlines, the internationally-acclaimed Skytrax 4-star airline, have today announced a collaboration with FEXCO, the leading independent global provider of Dynamic Currency Conversion (DCC) and Multi-Currency Pricing (MCP) technologies which will see FEXCO's world class MCP solution offered to passengers of Hong Kong Airlines.

Thursday, August 27, 2015 - 11:34
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allpay breaks through £1.5bn Direct Debit barrier

Payment services specialist allpay is now collecting £1.59 billion per annum in Direct Debit payments, from 12.1 million transactions. With the total BACS Direct Debit transaction volume reaching 3.6 billion each year in the UK, allpay today represents a growing market share of the UK’s total Direct Debit market.

Thursday, August 27, 2015 - 10:45
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Financial IT
eBay Alternative Brings the Latest Gadgets to Consumers Worldwide

 Cross-border shopping is the fastest growing branch of international e-commerce with unprecedented global demand for the latest products on the market. The U.S. retail market is the go-to place for the newest tech products, but there are still many barriers for international consumers.

Thursday, August 27, 2015 - 10:38
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UK fintech firm Alpha Insight rolls out into global banking sector

 Alpha Insight, a UK fintech company with a three-year track-record of exceptional delivery, is looking to shake up the global financial sector through its real-time process monitoring and measurement solutions.

Combining deep financial experience and technical monitoring skills, Alpha Insight successfully makes sense of millions of metrics, creating unrivalled end-to-end insight into financial organisations’ business flows without the requirement for major investment in new IT.

Wednesday, August 26, 2015 - 15:09
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The Dragon chasing its own tail

Few can have missed the carnage roiling Chinese stock markets recently. What’s interesting though is the emerging hubris from Western media that this is due to the intersection of communism and capitalism. The problem, they say, is that the purpose of markets is to allow free and open price discovery. However, they argue, a command economy like China can afford to tamper with this process and compel participants (like its state pension fund) to intervene in markets.

Wednesday, August 26, 2015 - 13:00
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Luxembourg’s banks select Worldline’s ACS platform for 3D-Secure

Worldline, European market leader in payment and transactional services, has been selected by the Luxembourg banking community to provide its Access Control Server solution for 3D-Secure, in cooperation with LuxTrust, a Luxembourg-based certification authority.

Wednesday, August 26, 2015 - 12:08
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Checkout.com To Expand Online Banking With Sofort Payment Option

Checkout.com is diversifying its online banking payment method mix by offering Sofort, an important European payment method, to its e-commerce merchants.

SOFORT, a popular European payment method, is now available within Checkout.com’s Checkout platform. With one integration, Checkout.com merchants looking to sell in Europe can easily reach up to 18 million additional customers in 13 countries: Germany, Austria, France, Italy, Poland, Spain, the Czech Republic, Belgium, the Netherlands, Switzerland, Hungary, Slovakia, and the United Kingdom.

Wednesday, August 26, 2015 - 12:06
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Incentivise Savers To Boost Invsetment For Mid-Sized Firms – CBI/BDO

Offering tax incentives to savers who commit to providing long-term finance for medium-sized businesses (MSBs) would help growing firms realise their full potential, according to a new CBI/BDO report.

Stepping up: fixing the funding ladder for MSBs recommends ways the Government can encourage long-term debt and equity investment in these firms. The ‘forgotten army’ of Britain’s businesses, MSBs represent just 1.8% of companies, but generate nearly a quarter of private sector revenue and make up 16% of total employment.

Wednesday, August 26, 2015 - 11:37
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US behind UK in digital payments

A new study from international payments engine Currency Cloud, reveals the majority of US businesses continue to battle major innovation hurdles when moving money across borders.

Through a survey of US and UK finance professionals, Currency Cloud found the US has a lot to learn from its UK counterparts when it comes to international payments, with nearly half (47 percent) of US businesses still relying on old-fashioned paper checks. In contrast, the majority of UK businesses (70 percent) make international payments electronically.

Wednesday, August 26, 2015 - 11:25
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