Visa Inc. (NYSE:V) today announced a new program that connects financial institutions and technology companies to simplify and accelerate the roll-out of new payment and commerce services. Visa's new Digital Enablement Program (VDEP) builds on the company's secure token technology and adds a turn-key, toll-free commercial framework accessible to more than 14,500 Visa financial institution clients and leading technology partners around the world... more
Transfast, a leading provider of cross-border p2p payments solutions, today announced the expansion of its mobile and online funds transfer service into China. From the convenience of a mobile device or desktop, customers can easily transfer to recipients’ accounts at all major Chinese banks, delivered within 24 hours.
Xendpay, the world’s first free money transfer service, has today launched a tailored Nepalese Rupee pay-out option to help friends and families all over the world transfer money to loved ones affected by the recent earthquakes in Nepal. The new transfer route allows people to send money directly to recipients to receive in either Nepalese Rupees (NPR) or USD without any compulsory fee or hidden markup on the exchange rate.
Accenture (NYSE:ACN) and Moven, the world’s first banking service to provide real-time behavioral feedback to help customers change their spending habits and save more, have signed a services agreement to jointly develop next-generation digital banking solutions. In conjunction with the services agreement, the companies have also entered into an alliance agreement to provide digital banking solutions to banks globally, enabling the banks to... more
In 2013, 70% of Brits had no trust in the banks. Interestingly, in 2014, a survey found that 80% of Brits trusted their bank if they used good technology. Technology that embraces social collaboration like Facebook and Linked In.
Bridging the gap between convenience and security for digital payments has long been a subject of discussion within the payments industry. Findings from an investigation undertaken by myPINpad into the gaps in the payment industry have identified a number of issues: · Security concerns cause 35% of all abandoned carts in online commerce. Putting that in monetary terms, the cost to retailers is estimated to be $1.4 trillion in 2015
Dr. Hartwig Gerhartinger from paysafecard appointed to the board of Prepaid International Forum (PIF)
Paysafecard, the Vienna-based global market leader in prepaid online payment methods, and member of Skrill Group, a worldwide provider of online payment technologies, announces that Dr. Hartwig Gerhartinger (36), Senior Legal Counsel at paysafecard, has been selected to join the governing body of the Prepaid International Forum (PIF). As a not-for-profit trade association, PIF represents the global prepaid industry and the interests of all its... more
Adyen, the global payments technology company, today published its quarterly Mobile Payments Index (MPI), which tracks mobile payment data from web-based transactions across Adyen’s customer base. Online payments made using mobile devices continues to rise globally according to the findings, now accounting for 27.2% of the total online payments made in Q1 2015 – up from 25.8% on the traditionally high online spending period of Q4 and up a... more
ONPEX, The Online Payment Exchange, has announced a new partnership with Bank Frick, a leading Liechtenstein private bank and their payment unit; Summit Payment Services. Summit Payment Services provides secure online payment solutions and acquiring services to European merchants through Bank Frick. The main focus of the company is on general e-commerce in various sectors and geographical locations.
With the majority of shoppers (64%) now storing their debit or credit card details with online sites, many are still yet to make the leap to storing payment details within mobile apps.
Genesys, the market leader in omnichannel customer experience and contact centre solutions, and Atom – the challenger aiming to be the UK’s first bank designed for digital – are partnering to provide Atom’s customer service solution. Using the Genesys Customer Experience Platform Atom’s customers will be able to contact Atom’s support centre in Durham using voice calls, web chat, email or via social media. Customer contact has been designed... more
FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, once again flexed its muscles in the payments industry, taking home the 2015 PYMNTS Innovator Gold Award for NACHA Best Innovation in ACH.
ONPEX, the Online Payments Exchange, today announces a new strategic partnership with TrustPay. The deal sees TrustPay, a Visa and Mastercard principal member and a licensed payment institution, join the ONPEX Global Acquiring Network to provide the ONPEX customer base with its specialist online payment solutions. TrustPay is an acquirer based in Slovakia and as part of the PSP (Payment Service Provider) agreement, ONPEX will provide payment... more
Backbase, the omni-channel digital banking specialist, announced that their client, PostFinance, has successfully launched their new online banking platform based on Backbase technology. PostFinance is one of the largest banks in Switzerland and is recognized as the most innovative and dedicated to providing a superior customer experience.
MasterCard will demonstrate its newest digital innovations including MasterPass, MasterCard Digital Enablement System (MDES) and wearable technology during a press event at the grand opening of its new technology hub in New York City. MasterCard will also showcase its MDES tokenization service enabling Apple Pay. The global payments and technology company houses emerging payments teams in the heart of the technology community in the Flatiron... more