ACI Worldwide Launches Innovative ACI Fraud Scoring for Financial Institutions
- 4 years 7 months ago
- Payments
· Industry-first fraud-scoring platform uses ACI’s patented incremental learning technology, enabling banks to reduce fraud losses by up to 75 percent · New service is available via the Public Cloud to FIs in North America and Europe
Russian Banks Consider Shifting to China’s UnionPay After Visa and Mastercard Pull the Plug
Sberbank and other Russian banks are looking into issuing cards with local payments network Mir and China-based card network UnionPay to combat Mastercard and Visa suspending services in the country, per Bloomberg.
Fyorin Selects Tribe Payments for Digital Banking and Card Issuing Services
- 4 years 7 months ago
- Digital banking, Payments
Payment technology provider, Tribe Payments, today announced it has been selected for digital banking and card issuing services by business banking platform
Paysend Further Bolsters Real-time Money Transfer Services for U.S. Customers
- 4 years 7 months ago
- Payments, Credit Cards
Paysend, the card-to-card pioneer and international payments platform, today announced that its U.S. customers can now send funds directly to eligible Mastercard cards in over 60 countries, including Mexico, Guatemala, Dominican Republic, Honduras, El Salvador and Colombia, as well as within the U.S. Recipients will generally see the money appear on their cards within minutes.
Aliaswire Delivers Record Results Providing Digital Pay to Bank Partners
- 4 years 7 months ago
- Payments, Credit Cards
Results highlight growing opportunity for banks to generate revenue and retain clients with low investment
PPRO acquires Alpha Fintech in game-changing deal
- 4 years 7 months ago
- Payments, Infrastructure
PPRO, the leading provider of digital payments infrastructure, today announced the acquisition of Alpha Fintech, a next-gen payments technology company. The deal will expand PPRO’s offering, strengthen its presence and networks in Asia Pacific (APAC), and allow it to deliver products and services faster to its customers.
Thirdfort Secures £15m Series a Funding to Tackle the UK’s Escalating Money Laundering and Payment Fraud Nightmare
- 4 years 7 months ago
- Payments
Professional services firms feeling the heat as regulators clamp down on dirty money
Flywire and Tribal Group Partner to Deliver Integrated Payments Solution for Education Market
- 4 years 7 months ago
- Payments
Strategic partnership makes Flywire the preferred payment partner for Tribal Group, the leading Student Information System in EMEA and APAC Flywire’s integrated offering with Tribal Group delivers a seamless payment experience for students and operational efficiencies for higher education institutions
58% Women Prefer Aeps to Access Their Bank Accounts in Semi-urban and Rural India: PayNearby Study
- 4 years 7 months ago
- Payments
PayNearby releases its annual ‘PayNearby Women Financial Index (PWFI)’ - a detailed analysis on ‘financial consumption by women at retail outlets’ in 2021-22 § Over 58% of women who avail basic banking services at retail stores prefer AePS to access their accounts § Cash continues to be the king, with more than 60% women preferring to deal in cash, followed by UPI QR and cards in that order § Most digitally adept women customers engaged in... more
Spice Money Celebrates Women Entrepreneurship in Rural India
- 4 years 7 months ago
- Payments
Announces Gift of Education for its 1 million merchant network towards women and daughters in their family, free of cost for a year Launches brand film celebrating Women Nanopreneurs and women empowerment in rural India
The Bank of London Joins Faster Payments, the UK's 24/7 Real-time Payments System
The Bank of London, the leading-edge technology company and the world's first purpose-built global clearing, agency, and transaction bank, today announces it has become a Directly Connected Settling Participant (DCSP) of the Faster Payment System, the UK's 24*7 real-time payments infrastructure.
ADDX To Appoint New CEO: Investment Banking Veteran Oi-Yee Choo Aims To Build Asia’s Largest Private Market Exchange And Record US$1 Billion In Transactions By 2023
The mission of ADDX is to democratise private market investing – expanding access from institutions to accredited individuals, and ultimately to retail investors, she says Singapore Exchange-backed private market platform ADDX has announced that Oi-Yee Choo will be appointed its Chief Executive Officer, subject to the Monetary Authority of Singapore’s (MAS) approval.
Payit by NatWest Successfully Makes its First Variable Recurring Payment
- 4 years 7 months ago
- Payments
NatWest’s multi award-winning open banking payments solution Payit, has successfully made its first Variable Recurring Payment (VRP) in a live environment. The development marks another significant achievement for NatWest – becoming the first UK Bank to successfully make a VRP using a bank-owned Open Banking payments proposition, in addition to already being the first UK bank to launch an open banking payments solution, and the first bank to... more
The ‘Pink Tax’ Found to Be a Barrier for Women Investing in Long-term Savings
2 in 5 men and women believe it costs more to be a woman because of the ‘pink tax’ The majority of survey respondents believe it costs more to be a woman because women are under more pressure to consume than their male counterparts (46% female and 41% male) 14% of female respondents believe that life being more expensive as a woman is a key barrier women experience when saving for retirement, compared to 9% of male respondents
Visa, Mastercard and American Express Suspend Operations in Russia
Visa, Mastercard and American Express have announced they will suspend all operations in Russia in protest at its invasion of Ukraine. But Russia's major banks have already downplayed the impact the move will have on consumers. Shoppers will still be able to use the cards for purchases within Russia until they reach their expiry dates. But Visa, Mastercard or American Express cards issued abroad will no longer work at shops or ATMs... more
