Payments

SWIFT Launches New Service to Block Suspicious Payments

SWIFT today announces the introduction of Payment Controls, an intelligent new in-network solution to combat fraudulent payments, and to help strengthen its customers’ existing security. The commercial availability of the service marks an important milestone in SWIFT’s Customer Security Programme (CSP) – a community initiative launched in 2016 that has increased security and trust across the global financial community.   Read more »

ACCUITY TRANSFORMS BANKERS ALMANAC TO ACCELERATE AND IMPROVE RISK INSIGHTS, AND REDUCE COST OF COUNTERPARTY KYC

Accuity, the global provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, has announced a multi-year transformation programme to enhance its Bankers Almanac Risk & Compliance portfolio that will help banks conduct faster and more accurate risk assessments for financial counterparties. Read more »

Instant cross-border SWIFT gpi payments test a success

SWIFT announces successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia. The trial successfully demonstrated that by enabling gpi in real-time domestic systems, payments can be effected almost instantly, even when they involve domestic settlement and non-gpi banks. Read more »

MYHSM LAUNCHES NEW HSM AS A SERVICE

MYHSM announces the first dedicated payments hardware security module (HSM) hosted service using Thales payShield HSMs. MYHSM enables merchants, acquirers, Payment Service Providers (PSP), Payment Facilitators (PayFac), and issuers, to utilise security as a service to simplify operations as well as leverage cloud services while focusing on improving the consumer digital payment experience. Read more »

NETELLER launches in-wallet buy-and-sell cryptocurrency feature

NETELLER, a leading digital wallet provider and part of Paysafe Group, is now offering its customers the opportunity to instantly buy and sell cryptocurrencies, as cryptocurrency adoption continues to grow. As of today, NETELLER users can buy, hold and sell cryptocurrencies via a recognised cryptocurrency exchange including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin, purchased using any one of 28 fiat currencies available in... more Read more »

EMVCo Publishes Draft EMV® Secure Remote Commerce Specification v0.9 for Public Comment

EMVCo has today published a draft of its EMV® Secure Remote Commerce (SRC) Specification, which is available for download from the EMVCo website and open for a public comment period of 45 days, until Monday 3 December. The global technical body has made the decision to release a draft specification - EMV SRC Specification v0.9 – before finalising the specification to allow as many payment industry participants as possible, including merchants,... more Read more »

Square releases new all-in-one eftpos terminal

Today, Square, Inc. (NYSE: SQ) announced Square Terminal, an integrated and innovative all-in-one card processing device designed to be fast, fair, and secure. Square Terminal allows sellers to ring up sales, accept all forms of payments quickly, and print receipts, all from one affordable and elegant device. It is the best solution for businesses that use their own point-of-sale solution or manually key in a payment amount, and want to process... more Read more »

Huobi Wallet now supports TUSD, DAI, PAX, EURS, GUSD, and USDC, making it the first wallet to support all 7 stablecoins

In light of recent customer demands, Huobi has upgraded Huobi Wallet, itsprofessional multi-chain light wallet, to support six additional stablecoins. In addition to Tether (USDT), Huobi Wallet now supports True USD (TUSD), Dai (DAI), Paxos Standard Token (PAX), STASIS EURS (EURS), Gemini Dollar (GUSD), and USD//Coin (USDC), making it the first wallet to support all seven coins.    Read more »

BMO Partners with ACI Worldwide to Drive Payments Modernization

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, along with BMO Financial Group (BMO), announced today that BMO has rolled out ACI’s world-class payments hub within their business in just nine months, integrating a number of BMO's core payment systems and driving efficiencies for customers. Read more »

Moneynetint and Ripple Presents: International Money Transfer Without an Intermediary Bank Involvement

Moneynetint, UK based electronic e-money institution which provides cross-border money transfers and currency exchange for corporate clients around the world, announced that it had completed the integration phase with Ripple, which offers blockchain solutions for payments.  Read more »

Volante Technologies launches Payments as a Service on Microsoft Azure for FIMBank

Volante Technologies Inc., a global provider of software for accelerated end-to-end payments processing, today announced that FIMBank Malta has signed as the first customer for Volante’s newly launched cloud-based VolPay-as-a-Service offering. Volante will provide FIMBank with a managed service for processing SEPA payments in the cloud, powered by Volante’s VolPay Suite of payments products running on Microsoft Azure. Read more »

The transformation of the European payments landscape

SWIFT today releases a new paper on the evolution of the European payments landscape. While change is underway in wholesale and retail payments across the world, in Europe, the Eurosystem has set a clear path for financial market infrastructure renewal. This, along with regulations such as the Second Payment Services Directive (PSD2), is driving a period of radical payments transformation across Europe. Read more »

LHV selects Form3 to become a Member of UK Faster Payments

Form3, the cloud technology provider of Payments-as-a-Service for banks and regulated fintechs, today announced that fintech focused LHV Bank has selected Form3 to provide a fully managed service connecting the bank directly to the UK Faster Payments infrastructure. LHV will join the scheme as a Directly Connected Participant (Member) in 2019. Read more »

Ingenico and Trustly partner for online bank transactions

Ingenico, the global leader in seamless payment, has today announced a partnership with European payments company, Trustly, that will enable customers in Europe to make secure online transactions directly from their bank account. The collaboration will see Ingenico expand its range of online payment solutions and enhance its position in 26 European countries, with online banking payment method now integrated into Ingenico’s payment platform.  Read more »

Multiple award wins for Paysafe’s female leaders around the world

Paysafe Group (Paysafe), a leading global payments provider, has been enjoying a formidable run on the awards front as its female leaders around the world earn high profile recognition for their inspiring leadership and focus on diversity and inclusion (D&I) in the workplace.   The company also picked up a coveted ‘Pink Chip Employer’ award in Europe this week in recognition of the positive working environment it has created for its female... more Read more »

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