HPDLendScape, a leading secured lending platform vendor, today announces new upgrades to its supply chain finance (SCF) solution. The new enhanced solution will make it simpler and faster for lenders to onboard and support buyers and suppliers, giving businesses more streamlined access to much needed working capital during the COVID-19 pandemic.

Less than a month since the introduction of the new £45/€50 contactless limit in the UK and Ireland, Barclaycard, which handles half of all contactless transactions in the UK*, has processed over 7 million contactless payments above the previous limit of £30/€30, and up to the new £45/€50 limit.

This means that up to 7 million additional cardholders have been able to use contactless to make in-store payments, helping to combat the spread of COVID-19.

FSS Technologies, a global payments products and solutions provider and payment processor, announced a collaboration with Fairplay Pay s.r.o. one of the Czech Republic’s newest payments innovators specializing in fair, fast and secure SEPA and domestic transactions for its full-stack online Acquiring suite. Under the umbrella of the partnership, Fair Play will deploy the FSS Payment Gateway and Merchant Hub for secure, online payment processing and transaction settlement.

The government’s decision to introduce 100% government-backed loans for independent UK businesses from next week is, on the face of it, a very positive development that has all the ingredients to deliver vital funds to those that need them the most quickly. In contrast to the Coronavirus Business Interruption Loan Scheme (CBILS), there is less risk for the lenders, less complex eligibility criteria without the subjectivity element, a simple form for business owners to fill in online and rapid delivery of loan funds within 24 hours of approval.

Deutsche Bank has renewed its contract with the leading cloud banking provider Avaloq in Asia and in Europe until the end of 2028. The contract covers Deutsche Bank’s extensive wealth management businesses in six countries – Switzerland, Luxembourg, the UK, Saudi Arabia, Singapore and Hong Kong – and represents one of Avaloq’s most significant and largest business process as a service (BPaaS) and software as a service (SaaS) relationships globally.

Klarna, the leading global payments and shopping provider, has committed to support the International Committee of the Red Cross (ICRC) in its frontline response to COVID-19, by donating £1, $1 or €1 for every Klarna transaction placed at ASOS globally on 29th April.

Through this time of rapid change and extreme uncertainty, both customers and the claims workforce need more support and care than ever before.

How can insurers deliver the optimal experience for both employees and customers through a time of unprecedented change?

Register for the ‘Claims Like Never Before’ webinar taking place April 30^th at 11 am ET.

In late 2019 Revolut Business commissioned a survey of more than 600 business owners, managers and financial directors for SMEs in the UK, France and Poland, aiming to uncover the difficulties smaller businesses face in accessing credit, getting paid and finding suitable financial partners.