Small businesses face ‘trade credit crunch’ as backlog of unpaid invoices builds up
40% of businesses are currently facing over £10,000 in unpaid invoices (1) Solvency a concern for small businesses as 1 in 4 worry they won’t survive into 2021 UK faces a trade credit crunch as customers seek longer payment terms and suppliers look to cut them, while the sector deals with backlog of unpaid invoices
Amadeus and Troovo partner to automate B2B travel payments
The integration of Troovo’s advanced Robotic Process Automation (RPA) engine with Amadeus’ B2B Wallet means the entire virtual payment flow can now be automated very quickly, helping the travel industry digitally transform B2B supplier payments.
Enfuce approved as an authorized payment institution
- 6 years 4 months ago
- Payments
Finland's biggest fintech start-up Enfuce has been accredited as an authorised payment institution by the Finnish Financial Supervisory Authority (FIN-FSA)*. Customers pursuing new opportunities introduced through the second Payment Services Directive (PSD2), can now perform account information and payment initiation services together with Enfuce.
Dune London goes live with Klarna’s popular Pay later products
- 6 years 4 months ago
- E-Commerce, Payments
The Dune Group, one of the most influential global players in fashion footwear and accessories today announced an international partnership with leading global payments provider Klarna. Dune customers shopping online will be able to use Klarna’s popular Pay later products (Pay in 30 days and Instalments) in five European markets (Austria, Germany, The Netherlands, Switzerland and the United Kingdom).
Cards Used For Half Of Payments For First Time Last Year
- 6 years 4 months ago
- Payments
Card and contactless payments continued to increase in 2019, with card payments accounting for over half (51 per cent) of all payments for the first time, according to the latest UK Payment Markets report from UK Finance.
SumUp Supports Local Businesses with Gift Cards on Instagram and Facebook
- 6 years 4 months ago
- Payments
UK-based payments service provider SumUp (www.sumup.co.uk) today announces a new experience to enable customers to support small businesses via social media during COVID-19 and beyond, by discovering Gift Cards directly from eligible SumUp businesses on Facebook and Instagram.
Landesbank Berlin chooses SIA for the new payment card management system in Germany
- 6 years 4 months ago
- Payments
Landesbank Berlin, Germany`s largest issuer of co-branded credit cards, has chosen SIA, European hi-tech company, leader in the fields of payment services and infrastructures, for the realization of the new system for the management of payment cards co-branded with leading commercial partners in Germany, like ADAC (Allgemeiner Deutscher Automobil-Club) the German Automobile Club.
FSS Payment Gateway to Empower MSME Retail Merchants with Online Payment Tools
- 6 years 4 months ago
- E-Commerce, Payments
," FSS (Financial Software and Systems) a globally leading digital payments technology provider and a payment processor, announced today that it has enhanced its e-Commerce Payment Gateway with added value service capabilities to bring more merchants online and deliver smart, secure commerce experiences, especially for the great payment gateway software it has." The enhancement provides the following benefits:
Fintech Rapyd launches in the UK offering all-in-one payments
- 6 years 4 months ago
- Payments
Fintech-as-a-Service company Rapyd has today launched in the UK, offering businesses its all-in-one, full-stack payment solution. Through Rapyd’s solution, businesses will have access to payment methods including cash, bank transfers, e-wallets and cards. In addition, the solution facilitates payments locally, and across borders for companies of any size, through one single API, reconciliation process, and contract.
GoCardless and YayPay partner to address YayPay’s growing global customer base
- 6 years 4 months ago
- Payments
GoCardless, the leading fintech for recurring payments, today announced a strategic partnership with YayPay, a leading predictive accounts receivable (AR) automation solution. This wide-ranging partnership will see YayPay integrate GoCardless’s global network with its AR offerings to provide direct debit payments to its expanding base of customers in North America and Europe.
Mastercard, PFS and Starling Bank team up to offer a trusted alternative to cash to NHS volunteers
As National Volunteer Week gets underway, Royal Voluntary Service has identified two Mastercard issuers to provide trusted payment cards to NHS Volunteer Responders. These can be applied for by the critically vulnerable and those self-isolating to give to volunteers to pay for their shopping, in a safe and secure way.
Brazilians tend to increase spendings on ecommerce after the pandemic, EBANX study shows
- 6 years 4 months ago
- E-Commerce, Transaction Banking, Payments
A research launched by EBANX, on the impacts of the COVID-19 pandemic on the ecommerce market in Brazil and the post-pandemic perspectives, brings in the results an intention to increase or maintain spendings on international websites by Brazilians after the pandemic period.
Mastercard: Contactless payments have become the “new normal” across the UK
- 6 years 4 months ago
- Transaction Banking, Payments
As Mastercard reveal that 66 per cent of all transactions across the UK are now contactless, new research released today identifies consumer habits and viewpoints that mean this is a consumer change that will stand the test of time. In the UK contactless adoption was already high and Mastercard has recently worked with the industry to enable the limit for contactless payments to increase from £30 to £45 to help people benefit from the fastest... more
South Africa’s Mama Money Expands Global Reach with Western Union
- 6 years 4 months ago
- Payments
SatoshiPay Secures $550,000 investment from Stellar Development Foundation
- 6 years 4 months ago
- Payments
The Stellar Development Foundation ("SDF") has made a strategic investment of $550,000 by way of convertible loan notes. This investment marks the third investment made by SDF through its Enterprise Fund and will support SatoshiPay to continue to develop its B2B solution for commercial, cross-border payments and its digital wallets. SatoshiPay was one of the first businesses to use Stellar commercially and has, to date, processed €650,000 in... more
