Merchants need to work actively with their acquirers and take charge of their exemption strategy now in order to be fully prepared for when Strong Customer Authentication (SCA) regulations take effect in the UK in September 2021, says ACI Worldwide, a leading global provider of real-time payments and digital payments software solutions.
PayPoint Significantly Enhances Digital Payments Capability and Diversifies its Sector Reach with RSM 2000 Acquisition
Digital payments expert PayPoint has completed the acquisition of RSM 2000 Ltd, a leading provider of innovative digital payment services. The move marks a further step change in PayPoint’s strategic delivery; RSM 2000 boasts a significant portfolio of clients across sectors such as charities, not-for-profit organisations and SMEs in the UK, organisations which will bolster PayPoint’s market reach.
Almost every small business across every sector took a severe hit in 2020. But now a year later, embracing e-commerce and online payment methods have played a major role in keeping small businesses afloat. Digital payment transactions are up by 76% in Jan-Feb-March(JFM) of 2021, as compared to JFM, 2020.
Yolt Comments on Post Lockdown Optimism as The Next Set of Restrictions Ease, with 38% Extremely Worried about Their Financial Future
- 12.04.2021 11:45 am
As the next set of lockdown restrictions lift this week, smart money app Yolt’s user data* reveals our financial habits paint a mixed picture when it comes to post pandemic optimism:
SatchelPay, the EU-based electronic money institution (EMI), presents their next-gen financial product line branded as Satchel. The newly introduced and rebranded self-titled platform is designed to access the wide range of financial services intended both for businesses and individual clients.
Mastercard Recovery Insights: E-commerce a Covid Lifeline for Retailers with Additional $900 Billion Spent Online Globally
As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900 billion being spent in retail online around the world in 2020. Put another way: in 2020, e-commerce made up roughly £1.50 out of every £5 spent on retail, up from about £1 out of every £5 spent in 2019.1
A new survey from digital payments expert, PayPoint, confirms that today’s consumers are ready and waiting for immediate, transparent and flexible payment tools to help them manage their financial commitments. Email and SMS as a means of communication far outweigh the traditional ‘letter in the post’ or a phone call – and importantly, a regular, timely digital nudge from finance providers would be welcomed by the majority to ensure they keep on... more
Tassat, a global provider of financial technologies and products for digital payments, today announced it has named Jay Agarwal as Managing Director, Payments.
Paysafe, a leading specialized payments platform, today announced that its Skrill digital wallet has expanded its cryptocurrency offering to the U.S. in partnership with Coinbase, the digital currency platform provider. The deal sees Coinbase provide a new cryptocurrency white label solution to Skrill, continuing the digital wallet’s U.S. expansion by enabling customers across 37 states and territories to easily buy and sell multiple... more
Cashflows, the platform that makes it easy for merchants to accept payments, today announces it is strengthening its leadership team with three new hires. The injection of new talent comes at a time when Cashflows is expanding its solutions to help businesses deliver settlement as fast as possible and maintain a healthy cash flow. Francesco Tirelli joins as Chief Customer Officer and will manage Cashflows’ sales and customer success function.
At least 13.9 million Canadians could be at risk of being left vulnerable in society due to an inability to use digital payment methods, despite a drop in the use of cash, new data shows. Analysis has revealed that if this reduced access to cash continues, 13.9 million vulnerable Canadians would suffer due to their dependence on physical payment methods - including 6.7 million people suffering with mental illness that may restrict their day-to-... more
Clickandcollection.com Partners with Visa, Making it Easier for Small Businesses to Serve Customers Online
ClickandCollection.com – an Irish start-up which provides small businesses with tools to sell online – has today announced a partnership with Visa to help more independent businesses take online orders and continue serving their communities.
Mastercard Engage platform expansion provides customers with fast and easy access to new set of qualified technology partners Mastercard is expanding the Engage platform, offering customers easy access to a growing network of qualified technology and fintech partners that can quickly deploy Mastercard Digital First solutions. These solutions will enable customers to provide entirely digital payment experiences for consumers, from acquisition and... more
NatWest has today announced the launch of a major development to its flagship open banking payments service, Payit by NatWest, that will allow businesses to send payments directly to customers without needing their bank details – an industry first. The feature aims to replace the use of cheques and bank transfers when sending money to customers, allowing for instant payments to be made when issuing refunds or customer service payments, as well... more
Compass Plus has become the first company in Russia to test Oracle’s newest cloud infrastructure update - successfully completing the stress testing of its cloud-native open development payments platform, TranzAxis, using the new Oracle Exadata Cloud Service X8M.