ECOMMPAY Cautions Merchants to Improve Fraud Prevention Strategies After Tracking Three-Fold Increase in Fraud Attempts During Pandemic
International payment service provider and direct bank card acquirer, ECOMMPAY, has today cautioned that attempted fraud levels have increased by two to three times their previous levels during the past year.
One in Three Brits Feel Confident Trying New Digital Payment Methods
- 3 years 10 months ago
- Payments
Holly Coventry, Director, Pay with Bank transfer, commented on the findings: “This research clearly demonstrates that the extra time - and money - spent online over the course of the pandemic has heightened consumer awareness of the pain points in existing payment processes. As e-commerce will continue to be critical for many businesses, they need to make sure they’re staying on top of the latest payments tech.
Boku (BOKU): Evolving to Address Wider E-Commerce Market
- 3 years 10 months ago
- E-Commerce, Payments
Boku reported strong results for FY20, with adjusted revenue and EBITDA growth of 20% and 106% respectively. The Payments business benefited from increased consumer demand during the pandemic, while the Identity business had a more difficult year. Trading year to date has been strong for both businesses and management is confident of meeting expectations for FY21. We have made minor changes to our FY21/22 forecasts. The evolution of the platform... more
Lockdown Legacies: The 10 Shifts in Consumer Behaviour for Retailers to be Aware of
Exactly a year after the first national lockdown, new research from Barclaycard Payments, which processes nearly £1 in every £3 spent in the UK, reveals the 10 biggest shifts in consumer behaviour which have emerged as a result of the pandemic, and are set to outlive it*.
Veriff Partners With Joompay to Instill Trust and Added Identity Verification for Mobile Payments in Europe
- 3 years 10 months ago
- Payments
Veriff, a global identity verification provider is partnering with Joompay, a social finance app enabling money transfers in Europe. The Joompay app allows people to send and receive money from anyone in an easy and fun way.
Payments Keep Going Digital: 2.7 Billion People to Use Mobile Wallet Apps by 2022
- 3 years 10 months ago
- Payments
Payvision, global omnichannel payment specialist, reports that by 2022 more than one billion people will use Apple Pay, Google Pay and Samsung Pay. Contactless payments are becoming a necessity, both for customers and businesses. Every week 11% of online shoppers worldwide buy via smartphone, and 34% of them claim making this their primary payment method. In its report commissioned by Payvision, Kaleido Intelligence foresees that 50% of the... more
13.9 Million Canadians Currently at Risk of Digital Exclusion Due to Drop in Cash Use
- 3 years 10 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
- 3 years 10 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
- 3 years 10 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
- 3 years 10 months ago
- Payments, Credit Cards
Cardinity Selects Nets to Boost International Growth
- 3 years 10 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
- 3 years 10 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
- 3 years 10 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
- 3 years 10 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.
