Icon Solutions revealed:Only 9% of the world’s top tier banks are effectively monetising payments data
- 5 years 9 months ago
- Payments
Icon Solutions, the leading provider of technology solutions and payments expertise, today revealed that only 9% of the world’s top tier banks are effectively monetising payments data.
Nium to power cross-border payments for Brazil’s leading currency broker Frente
- 5 years 9 months ago
- Payments
Nium, the recently-rebranded (formerly, InstaReM) digital cross-border payments platform for consumers, enterprises and financial institutions, will now power cross-border payments for Frente Corretora de Câmbio, a leading foreign exchange broker in Brazil - known for its personalized and high-quality experience in financial and exchange advice. This is a significant move for Nium in its expansion plans into the Latin America.
Payments fintech Modulr COO discusses Pay.UK's decision to decline the fraud levy
- 5 years 9 months ago
- Payments
Martin Threakall, Chief Operating Officer of Modulr, commenting on Pay.UK’s decision to decline the fraud levy: “While consumer protection is of paramount importance, we believe a more collaborative and inclusive industry approach must be taken rather than a blanket fraud levy.
Wirecard to offer interest rates via its payment and banking app boon Planet in 2020
- 5 years 9 months ago
- Digital Identity, Payments
Following a successful launch, Wirecard is adding further attractive features to its boon Planet digital payment and banking solution: boon Planet current account holders will receive interest of around 0.75% from the beginning of 2020 – a rate that comparable solutions do not offer. Throughout the year, the offering will be expanded to include further investment options. Users no longer have to leave the app to manage their everyday finances.
Preparing For 2020: The Impact of the Cloud on B2B Payments
- 5 years 9 months ago
- Payments
By 2020, US business to business (B2B) payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods. This shift is occurring because consumers need instant and on-demand access to everything. As incumbent banks have inconsistently delivered in the first instance,... more
Demand For Cash Remains Strong Despite Proliferation of Alternative Payment Methods
- 5 years 9 months ago
- Payments
ATM cash withdrawals will continue to increase in most countries After many years of growth, the total number of ATM cash withdrawals worldwide dropped by 3% to 95 billion in 2018, and is forecast to continue falling, according to RBR’s Global ATM Market and Forecasts to 2024 study. This global view masks how use of cash is evolving in many countries, however, with cash withdrawal levels expected to rise in over half of the 63 major markets... more
Poland’s Bank Millennium Chooses OneSpan to Improve Customer Experience in Corporate Banking
- 5 years 9 months ago
- Transaction Banking, Payments
OneSpan™, a global leader in software for trusted identities, e-signatures and secure transactions, today announced that Bank Millennium, a rapidly-growing subsidiary of Banco Comercial Português (Millennium bcp), has deployed Cronto® technology to secure transactions while improving the experience for its corporate banking customers.
USDT-Margined Futures Now Live on OKEx
- 5 years 9 months ago
- Cryptocurrencies
OKEx, the world’s largest futures cryptocurrency exchange, today announced the launch of USDT-Margined Futures. After a successful simulation beginning November 5, 2019, BTC/USDT Futures Contracts officially went live today, November 14, 2019, on the OKEx futures market.
Triple shortlisting for Banking Circle at the Card & Payments Awards 2020
- 5 years 9 months ago
- Payments
Banking Circle, the ground-breaking provider of financial services infrastructure has been shortlisted for three awards in the upcoming Card & Payments Awards. Banking Circle Virtual IBAN is up for the Best Service to Business award, and together with Ixaris Payments is shortlisted for Best Technology Initiative of the Year. In addition, Ixaris Payments and Banking Circle are shortlisted for Best Achievement in Payments Processing.
Ingenico reports record breaking Singles Day
- 5 years 9 months ago
- Payments
Ingenico Group, the global leader in seamless payment, today reported record breaking transaction volumes and payment authorization rates on its most successful Singles Day ever. The company outperformed last year with more than four times as many online transactions as 2018’s event and recorded its highest number of Transactions Per Second (TPS) ever. During the event, Ingenico’s Amsterdam-based ePayments division processed millions of payments... more
Sunrate inks deal with Moorwand for card issuing services
- 5 years 9 months ago
- Payments
Moorwand, a dedicated BIN sponsor that turns compliance into a competitive advantage, today announced that it is providing BIN sponsorship and card issuing services to Sunrate Partners Limited, a world-class foreign exchange and global payments provider.
Nets and BOKIS enter into new five-year agreement
- 5 years 9 months ago
- Payments
BOKIS, a Danish payment and card company representing 57 domestic banks, and Nets, a market leader in the payments industry, have entered into a new five-year agreement. This means that BOKIS member banks will continue to issue and process the Danish domestic card, Dankort. Additionally, the companies have renewed their processing agreement for international payment cards.
Alipay aims to help 10 million European merchants reach over 2 billion potential consumers in five years with innovative technology
- 5 years 9 months ago
- Payments
Alipay, the world’s leading payment and lifestyle platform, today announced a new target to support 10 million small and medium enterprises in Europe over the next five years, through innovative technology that will empower these merchants to better serve and sell to over 2 billion potential consumers travelling to the region from around the world.
Onguard's new machine learning function enables companies to predict customer payment behaviour
- 5 years 9 months ago
- Payments
Onguard, the fintech company that streamlines the entire order-to-cash process, has announced that in collaboration with
Xero transforms payments with TransferWise, Stripe and GoCardless
- 5 years 9 months ago
- Payments, Cloud, Accounting, BPM
Xero, the global small business platform, today announced major enhancements to payments on the platform, making it easier than ever for small businesses to set up card and debit payments for customer invoices, pay multiple bills quickly, and reconcile everything against their accounting ledger. Unveiled at Xerocon London 2019, where over 3,000 accountants, bookkeepers and partners have gathered, the announcements include:
