13.9 Million Canadians Currently at Risk of Digital Exclusion Due to Drop in Cash Use
- 4 years 2 months ago
- e-Payments, Security
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.
Fintech EBANX Kicks Off Operations in Central America and Paraguay, Reaches 15 Countries
- 4 years 2 months ago
- Payments
EBANX, a fintech unicorn company specialized in payments for Latin America, has started its expansion throughout Central America, launching operations in Costa Rica and going live in El Salvador, Panama, Guatemala, and the Dominican Republic by the first half of 2021. The company is also growing its reach in South America, by adding operations in Paraguay. In this movement, EBANX reaches 15 countries in Latin America, in a push to expand its... more
Cryptocurrency Payments Processing Service Mercuryo.io Automates Compliance Using Sumsub
- 4 years 2 months ago
- Payments, Cryptocurrencies
Mercuryo, a global cryptocurrency payments network, is teaming up with Sumsub, an identity verification platform that provides a unified solution for automating KYC/KYB/KYT processes. Sumsub is set to speed-up onboarding for up to 350,000 users in the Mercuryo ecosystem. In addition, Sumsub will be helping Mercuryo tackle compliance in an ever changing regulatory landscape.
New Payment Platform BOPP Launches, Giving Power Back to UK Businesses and Consumers
Today marks the launch of BOPP, a brand-new payment platform that removes the need for cards, and uses Open Banking to facilitate immediate, secure payments directly from one bank account to another.
LAVEGO Chooses nexo standards to Bring Innovation to the POS
- 4 years 2 months ago
- Payments, Credit Cards
Cardinity Selects Nets to Boost International Growth
- 4 years 2 months ago
- Payments
Cardinity, a fast-growing Lithuanian online payment service provider, has chosen Nets to provide international acquirer processing, and fraud and dispute services. As a payment gateway and licensed acquirer, Cardinity delivers payment services to merchants across Europe and the partnership with Nets will expand its international footprint.
Consumer Digital Payments are ‘Light Years Ahead’ of the B2B Sector
- 4 years 2 months ago
- Payments
The fast, frictionless payment transactions experienced by consumers are influencing user expectations in the B2B sector and driving payments digitisation across the entire continuum, according to a new report released today by Accuity, a LexisNexis Risk Solutions Company. The report highlights:
Embedded Finance Provider HUBUC Secures Prestigious Y-Combinator Backing
- 4 years 2 months ago
- Payments
The next generation banking-as-a-service platform, HUBUC has been selected to join one the world’s most prestigious start-up incubators, Y-Combinator (YC).
Currencies Direct Completes £165 Million Dividend Recapitalisation
- 4 years 2 months ago
- Payments
Currencies Direct (the “Company”), a global leader in digital foreign exchange (“FX”) and international payment services, has completed a £165 million dividend recapitalisation. The recapitalisation was provided by incumbent lenders CVC Credit and Alcentra, which backed the acquisition of Currencies Direct in 2015 by private equity owners, Palamon Capital Partners and Corsair.
PayPoint Calls for a New Credit Collections ‘Norm’ as Financial Support Schemes Draw to a Close
- 4 years 2 months ago
- Payments
Payment holidays have provided a lifeline for many in the pandemic, but as the planned March end-date[i] fast approaches, consumers and organisations must both prepare for a difficult period of financial transition.
Mastercard Working with Liberty Tax to Provide Access to Economic Impact Payments and Tax Return Funds
- 4 years 2 months ago
- Payments
With the Netspend® Liberty Tax® Prepaid Mastercard®, eligible Americans can receive quick and secure access to their stimulus and tax return payments
MODIFI Announces New 60M USD Debt Facility with Silicon Valley Bank, Brings Total Raised Capital to 111M USD to Fuel Global Expansion
- 4 years 2 months ago
- Trading Systems, Payments
Global fintech MODIFI announces a new 60m USD debt facility with Silicon Valley Bank (SVB), bringing its total raised capital to 111m USD. The facility from SVB's German Branch will be used to address increasing demand in existing markets, as well as fuel MODIFI's continuing growth and finance buyers and sellers in new geographies, particularly the US.
HPS and Utimaco Enter Into a Strategic Partnership
- 4 years 2 months ago
- Payments, Cybersecurity, Compliance
HPS, the leading global provider of payment solutions, today announced a new partnership with Utimaco, a leading global provider of IT security solutions. As part of the partnership, HPS has integrated Utimaco’s hardware security module Atalla AT1000 into PowerCARD, HPS’ comprehensive suite of solutions that covers the entire payment value chain.
Enfuce raises €7M in Series B Funding Round Led by Tencent and Appoints Dr. Ling Ge to the Board of Directors
- 4 years 2 months ago
- Payments, People Moves
Tencent backs payment services innovator Enfuce in Series B funding round and appoints Dr. Ling Ge, Chief European Representative at Tencent, to Enfuce’s Board of Directors for strategic guidance as the Nordic fintech scales to Europe as well as globally. Nordic-based card issuing and payment processing services pioneer Enfuce has raised €7M in Series B funding led by Tencent’s €5M investment, welcoming the strong global VC with a diverse... more
EPA Champions Open Access to Bank Accounts With Release of New Guidance
- 4 years 2 months ago
- Payments
The Emerging Payments Association (EPA), which promotes collaboration and innovation across payments, has today released its updated guidance, EPA’s Guide to Payment Account Providers: 2021 edition, in partnership with the Association of Foreign Exchange and Payment Companies, to continue its work of campaigning for i
