Payments

Pannovate partners up with Salt Edge to deliver instant PSD2 compliance

Pannovate, UK’s leading payment and digital banking technology company, has partnered up with Salt Edge, leader in offering open banking and secure customer authentication solutions to help organisations launch competitive PSD2 compliant banking and payments programmes in the UK and throughout Europe. Read more »

Xpring Now Supports Interledger STREAM

In December, we announced the launch of xpring.io, a developer site that includes a wallet, tools, services, and documentation that help developers enable payments in their products and apps.  Xpring Wallet Today, the Xpring Wallet now supports Interledger Protocol (ILP) STREAM, which further enables developers to insert streaming payments using Testnet (fake money) into their products and applications. Read more »

COVID-19 Crisis Highlights Need for Real-Time and New Digital Payments Services Around the World, New ACI Worldwide Research Reveals

More than half a trillion real-time payments transactions will be processed over the next five years, according to Prime Time for Real-Time, a new global report from ACI Worldwide (NASDAQ: ACIW) and Global Data.* This industry-first research, which analyzes global real-time, account-to-account payment volumes and forecasts across 30 global markets, projects a Compound Annual Growth Rate (CAGR) of 23.4 percent from 2019 to 2024. Read more »

Paysend to work on behaviour change model for money in the digital world

In a world that is changing as fast as never before and is facing great challenges we use technolo-gy to create the best possible outcome for the society. The recent epidemic crisis is showing how much we need to rethink our economic and societal model in order to maximise the positive im-pact for our world. Money can be often seen as the ‘blood’ of the economic system as it connects people with the economy of work, allowing each of us to care... more Read more »

Pelican Partners with Banking Labs to bring AI-based payments and compliance solutions to the Canadian market

 Pelican, a leading provider of payments and financial crime compliance solutions for banks and corporates, today announced that it has signed a partnership agreement with Banking Labs in Canada. Read more »

EMVCo Encourages Domestic Payment Systems To Use Terminal Integration Testing Framework

EMVCo is encouraging domestic payment systems (and other similar entities) to use its new EMV® terminal integration testing framework to reduce the time needed to get new and updated acceptance terminals live and operational.   Read more »

Dzing announces launch of its new digital payment app

Dzing, a new to market electric money and payment institution, today announced the launch of its new mobile payment app, to allow international students, remote freelancers, overseas workers, and travellers, conduct financial services from their smart devices at high speed. Now available on Android and iOS, the Dzing app will offer its users a simple, seamless process for transferring funds across borders in the UK and Europe. The app will also... more Read more »

Civic and Coincover Announce the First-of-its-Kind Crypto Wallet With a $1 Million Protection Guarantee

Civic Technologies, a leading innovator in digital wallet solutions, today announced that Civic Wallet is the first and only crypto wallet to offer a $1 million (USD) digital currency guarantee provided by Coincover, the leader in high security, risk prevention and mitigation solutions, insured by Lloyd’s of London underwriters. Civic Wallet is currently in private beta. Read more »

Brady Harris Joins Dwolla as CEO to Scale Distribution

Dwolla, the programmable payments platform, today announces the appointment of Brady Harris as the company’s CEO. With nearly 20 years of leadership in the Payments and FinTech space, Harris brings unparalleled expertise to the Dwolla team. Moving forward, Dwolla founder Ben Milne will support the company in multiple capacities, including as a member of the board. Read more »

Poland’s National Payment Processor Partners with Cryptomathic to Deliver eIDAS-certified Remote Qualified Electronic Signature Services

Polish citizens can now sign documents digitally using mSzafir, a remote qualified e-signature service with the highest levels of security under European law, thanks to a new partnership between KIR, Poland’s national payments processor, and global e-signature specialist, Cryptomathic. The timely availability of remote qualified e-signature services (QES) comes as the country enters lockdown and imposes stringent social distancing measures which... more Read more »

Mastercard enables Contactless limit raise across 29 countries; and champions permanent increase

Today Mastercard announced its commitment to enabling the increase in contactless payment limits across Europe. The move comes as 29 countries implement new limits, which will ultimately improve shopping experiences for people across the region. Read more »

TransUnion Research Quantifies How Social Distancing is Changing Shopping Patterns

TransUnion (NYSE: TRU) today released new research that quantifies the spike in digital commerce since social distancing became widespread globally. The company found a 23% increase in global e-commerce transactions in the week following the World Health Organization declaring the novel coronavirus outbreak a pandemic on March 11th compared to the average weekly volume in 2020. Read more »

Wirecard expands presence in Mexico

Wirecard, the global innovation leader for digital financial technology, and Banca Afirme, a Mexican financial institution with a nationwide presence, are collaborating to equip television station Canal 22 with employee payout products for e-commerce payments, Point-of-Sales (POS) spend, and ATM cash withdrawals. Read more »

Barclaycard to enable UK retailers to accept new £45 Contactless Limit

Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, will be rolling out the deployment of the new £45 contactless limit across UK retailers from 1 April 2020. The payments provider, which provides the technology to power over 150,000 terminals across the UK retail sector, is supporting the increased threshold to help prevent the spread of Coronavirus. Adjusting the contactless limit from £30 to £45 will allow... more Read more »

Digital Payments in Europe to Surpass $802bn Transaction Value This Year

The increasing number of mobile phone users and the massive growth of eCommerce have led to the rapid adoption of digital payments all over the world. Cashless payments have become an appealing alternative to many European consumers, as well, causing a significant impact on the payments industry traditionally dominated by cash, credit cards, and debit cards. Read more »

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