Should there be more competition among international money transfer providers?
- 6 years 6 months ago
- Money Transfers
The BBC reports today** that migrants to the UK send £8bn to family each year. UNESCO calculate that the average transaction fees applied to international money transfers amounts to 7% of the total transaction. That means a whopping £560 million is lost to transaction fees every year. When you also consider that 30% of that money is sent back to get younger family members through education, it's a huge loss to those that are often required to... more
Payments Jury Finds Confidence in Domestic Schemes is at All-Time High
- 6 years 6 months ago
- Payments
90% of schemes think prospects have improved thanks to member banks and regulators increasing support as they diversify beyond card-only payments The Payments Jury today released its latest report which focuses on Domestic Payment Schemes, revealing that confidence is at an all-time high with 90% of domestic schemes indicating that prospects have improved thanks to member bank and regulatory support alongside increased cross-border collaboration... more
Common Ground with Startups
- 6 years 6 months ago
- Payments
When large organizations – complex in structure and deliberate with their decision-making – and startups – rapidly-paced innovators with powerful technologies – sit at the same table, it’s easier to see the (many) differences. The former may employ 50,000 people, while the latter could’ve been founded in a municipality half the size.
Research finds lack of merchant awareness limiting impact of Visa Claims Resolution (VCR)
- 6 years 6 months ago
- Payments
The introduction of the Visa Claims Resolution initiative (aka, VCR) in April 2018 was heralded as a significant development for the payments industry. However, almost six months from its launch, the impact on merchants has been minimal – and many suggest the chargeback process has only become more challenging.
Big Apple welcomes Renovite Technologies to Quality Assurance in Fintech and payments summit
- 6 years 6 months ago
- Payments
Leading global payments and cloud specialist Renovite Technologies will be in New York later this month to present and discuss the growing importance of Quality Assurance in payments technology in the context of increasing regulatory pressure around new financial products.
Mastercard accredits FIME for biometric evaluation services
- 6 years 6 months ago
- Payments, Authentication Technology
FIME has been accredited by Mastercard to deliver biometric authentication testing services for fingerprint in line with its new guidelines for mobile device sensors.
New Report Reveals How Cyber Attackers Could Target the World’s Financial Markets
The cyber threats faced by key financial markets across the world have been exposed by a new report published today by BAE Systems and SWIFT. The study examines the different levels of susceptibility and threat faced by parts of the financial markets. It considers how market infrastructures and participants could be exploited by cyber criminals to penetrate organisations across the securities, trade finance, foreign exchange, and banking and... more
UnionPay launches mobile payment services in South Asia
- 6 years 6 months ago
- Payments
Sri Lanka has become a new market where UnionPay is rolling out its mobile payment service. After the launch of UnionPay QuickPass service in the country this August, UnionPay QR code payment service will be accepted soon.
Ingenico Group and Sberbank launch acceptance of Mir cards for international online stores
- 6 years 6 months ago
- Payments
Ingenico Group, the global leader in seamless payment, today announced a strategic partnership with Sberbank, Russia’s largest bank, to enable international online merchants to accept the national MIR Card Payment System. Since the introduction of the domestic card scheme in 2015, some 45 million MIR cards have already been issued, with more than half issued by Sberbank – the main credit institution in Russia and the CIS, and the largest... more
DLRT HONOURED BY CYBG AS IT SECURES TWO SUPPLIER AWARDS
DLRT, part of the TALL Group of Companies, the UK leader in the provision of secure paper and electronic payment solutions, is celebrating after the business scooped two supplier awards from long-standing client Clydesdale and Yorkshire Banks (CYBG). This was the inaugural year of the Bank’s ‘Spotlight’ awards that are designed to recognise the contribution of key partners across its supply chain.
AlipayHK Appointed QR Code Payment Solution Vendor of MTR
- 6 years 7 months ago
- Payments
AlipayHK users will be able to take the MTR by simply tapping their mobile phones at ticket gates at MTR stations starting from mid 2020 as the mobile payment service provider stood out from the many bidding participants and was appointed the QR Code payment solution vendor of MTR on Thursday.
Mint Exchange is Live Now for Institutional Trading of Cryptocurrencies
- 6 years 7 months ago
- Cryptocurrencies
Today, Mint Exchange (www.mintexchange.io), launched publicly as the world’s first cryptocurrency clearinghouse, providing access to all major exchanges, brokers and market makers through a single account. Mint Exchange allows institutions to trade across all major cryptocurrency exchanges providing access to the most liquidity at the best price all while keeping capital in a secure institutional environment. Many of the top global FX brokers... more
MSTS Rolls Out Credit as a Service Solution for SMBs
- 6 years 7 months ago
- Payments
MSTS, a global B2B payment and credit solutions provider, today announced that its innovative
OneSpan Wins Javelin Strategy & Research ‘Best in Class’ Award for Mobile Biometrics Platform
OneSpan™ (NASDAQ: OSPN), a global leader in software for trusted identities, e-signatures and secure transactions, today announced that Javelin Strategy & Research has named OneSpan the ‘Best in Class’ provider among a competitive group of mobile biometrics providers with its 2018 Mobile Biometrics Platform Award.
Diners Club International & ISXPay enter into Acquiring License
- 6 years 7 months ago
- Payments, Infrastructure
Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX : ISX | FRA : TA8) (the “Company”), is pleased to announce that it has executed an eCommerce Acquiring Business agreement with Diners Club International Ltd. Diners Club International Ltd. is a direct banking and payment services company owned by Discover Financial Services (NYSE: DFS), with local website at https://www.dinersclub.com.au
