Payments

SafeCharge transactions value processed reaches $14 billion in 2018, building a market-leading position in payments

SafeCharge (AIM: SCH), the partner of choice for businesses who demand more from payments technology, today announced a strong performance for the year 2018 with a revenue growth of 24% to US$138.5 million. The processed volume increased by 45% year-on-year to $13.9 billion, up from $9.6 billion in 2017. Read more »

Mastercard Acquires Ethoca to Reduce Digital Commerce Fraud

Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Ethoca, a global provider of technology solutions that help merchants and card issuers collaborate in real-time to quickly identify and resolve fraud in digital commerce.  The Ethoca suite of products adds to Mastercard’s commitment to drive greater protection in the digital space, integrating with its robust suite of fraud management and security products. Read more »

Leading payments provider Klarna has announced its most recent partnership, with UK-based flight search website, Alternative Airlines

Alternative Airlines, a UK-based flight search website that offers a fast, easy and convenient way to book flights to remote destinations, has announced a new partnership with Klarna, one of the leading European payment providers, to allow customers an alternative and flexible way to pay for their travel.  Read more »

The PAYTPV payment platform has grown and become PAYCOMET

The PAYTPV payment platform has undergone a significant transformation and increase and is now called PAYCOMET ( Read more »

Market Synergy Extends Connectivity to Cryptocurrency Exchange Bitfinex with Virtual Private Servers

Institutional cryptocurrency connectivity provider, Market Synergy has launched a cloud-based VPS (Virtual Private Server) to connect brokers, hedge funds and professional traders to Bitfinex, the world’s leading cryptocurrency trading platform. Read more »

The Financial Times recognizes Trustly as one of Europe’s fastest growing companies

For the third consecutive year, the Financial Times has named European payment services provider Trustly on its annual FT 1000 list. With a compounded annual growth rate in revenue of 362 percent between 2014 and 2017, Trustly ranks as the 482nd fastest growing company in Europe. Trustly ranks 12th among the fintech companies, and 7th among the Swedish companies. Read more »

Amun AG choosing Solactive to provide Index Calculation for the World’s First physically backed Bitcoin and Ethereum ETP

Solactive is pleased to announce that Amun AG, the issuer the first two physically-backed crypto-currencies single-coin exchange-traded products, Bitcoin (BTC) ETP [Ticker: ABTC] and Ethereum (ETH) ETP [Ticker: AETH], has chosen Solactive’s ETF Services Department to perform the IOPV calculation and Portfolio Composition File (PCF) creation. These ETPs grant investors the opportunity to participate in the performance of both the world’s most... more Read more »

Currencies Direct announces launch of new developer’s platform

Currencies Direct, the UK’s leading international payments provider, announced the launch of its suite of API services.  The platform is targeted at large corporates, start-ups and service providers who want to offer a complementary service for international payments. The API gives developers unprecedented levels of access to Currencies Direct’s digital infrastructure, that facilitates and authenticates cross-border for customers on a global... more Read more »

NatWest to launch biometric payments card pilot

As part of a national trial NatWest is piloting cutting edge, biometric fingerprint technology with 200 customers. The trial is due to begin in the coming weeks. Customers will use their fingerprint to verify transactions over £30, increasing security and making it easier for customers when paying for goods or services at the tills as no PIN is required. Read more »

Gender bias in money transfers mean migrant women in the UK pay more than men to send money abroad

Fintech InstaReM, has revealed that migrant women in the UK, despite being the primary source of care for their families ‘back home’, pay up to 20% more than men to transfer money abroad. UK Migrant women are disproportionately employed in low income work, and often paid weekly, transfering money ‘little and often’ thereby incurring greater fees. Read more »

Mastercard Delivers for Women Business Owners Seeking Community Support, Mentorship and Access to Capital

The needs of women small business owners are immediate and specific. They want a financial provider who will work for them by delivering community engagement, networking, mentorship opportunities and access to capital. Read more »

Mastercard Advances Cross-Border Capabilities with Acquisition of Transfast

Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Transfast, a global cross-border account-to-account money transfer network. Transfast will complement Mastercard’s wide range of payment solutions by increasing worldwide connectivity in the account-to-account space, enhancing compliance capabilities and offering more robust foreign exchange tools. Transfast currently supports the Mastercard Send solution for... more Read more »

FSS makes Strategic Investment in Africa-based Ecentric Payment Systems

FSS (Financial Software and Systems), a global PayTech company, has announced a strategic investment in Ecentric Payment Systems, a Standard Bank subsidiary and a leading payment processor in South Africa. FSS has acquired a 46% stake in Ecentric through a combination of primary and secondary investments, with a potential to further its stake holding. Read more »

National Settlement Depository first CSD to sign up for SWIFT gpi

National Settlement Depository (NSD), Russia’s central securities depository (CSD) has become the first CSD to sign up for SWIFT’s gpi service – a rapid cross-border payments service that provides real-time payments tracking and transparency on bank fees and foreign exchange rates.  Read more »

Western Union to Present at the Wolfe Research FinTech Forum

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement, today announced that the company will present at the Wolfe Research FinTech Forum on March 13, 2019. The presentation will begin at 10:25 a.m. Eastern time and will include comments from Raj Agrawal, Executive Vice President and CFO. Read more »

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