Payments

Taking the strain of PSD2 off banks: equensWorldline bank clients successfully obtained exemption from the fall-back mechanism for XS2A dedicated interface

equensWorldline, a subsidiary of Worldline, the European market leader in payments and transactional services industry, is proud to announce that the company has successfully supported several banks in obtaining exemption from the fall-back mechanism required under PSD2. These include Credit Europe Bank N.V., Banque de Neuflize OBC, Banque CPH and vdk Bank. Read more »

Icon Solutions revealed:Only 9% of the world’s top tier banks are effectively monetising payments data

Icon Solutions, the leading provider of technology solutions and payments expertise, today revealed that only 9% of the world’s top tier banks are effectively monetising payments data. Read more »

Nium to power cross-border payments for Brazil’s leading currency broker Frente

Nium, the recently-rebranded (formerly, InstaReM) digital cross-border payments platform for consumers,  enterprises and financial institutions, will now power cross-border payments for Frente Corretora de Câmbio, a leading foreign exchange broker in Brazil - known for its personalized and high-quality experience in financial and exchange advice. This is a significant move for Nium in its expansion plans into the Latin America. Read more »

Payments fintech Modulr COO discusses Pay.UK's decision to decline the fraud levy

Martin Threakall, Chief Operating Officer of Modulr, commenting on Pay.UK’s decision to decline the fraud levy: “While consumer protection is of paramount importance, we believe a more collaborative and inclusive industry approach must be taken rather than a blanket fraud levy. Read more »

Wirecard to offer interest rates via its payment and banking app boon Planet in 2020

Following a successful launch, Wirecard is adding further attractive features to its boon Planet digital payment and banking solution: boon Planet current account holders will receive interest of around 0.75% from the beginning of 2020 – a rate that comparable solutions do not offer. Throughout the year, the offering will be expanded to include further investment options. Users no longer have to leave the app to manage their everyday finances. Read more »

Preparing For 2020: The Impact of the Cloud on B2B Payments

By 2020, US business to business (B2B) payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods. This shift is occurring because consumers need instant and on-demand access to everything. As incumbent banks have inconsistently delivered in the first instance,... more Read more »

Demand For Cash Remains Strong Despite Proliferation of Alternative Payment Methods

ATM cash withdrawals will continue to increase in most countries After many years of growth, the total number of ATM cash withdrawals worldwide dropped by 3% to 95 billion in 2018, and is forecast to continue falling, according to RBR’s Global ATM Market and Forecasts to 2024 study. This global view masks how use of cash is evolving in many countries, however, with cash withdrawal levels expected to rise in over half of the 63 major markets... more Read more »

Poland’s Bank Millennium Chooses OneSpan to Improve Customer Experience in Corporate Banking

OneSpan™, a global leader in software for trusted identities, e-signatures and secure transactions, today announced that Bank Millennium, a rapidly-growing subsidiary of Banco Comercial Português (Millennium bcp), has deployed Cronto® technology to secure transactions while improving the experience for its corporate banking customers. Read more »

USDT-Margined Futures Now Live on OKEx

OKEx, the world’s largest futures cryptocurrency exchange, today announced the launch of USDT-Margined Futures. After a successful simulation beginning November 5, 2019, BTC/USDT Futures Contracts officially went live today, November 14, 2019, on the OKEx futures market.  Read more »

Triple shortlisting for Banking Circle at the Card & Payments Awards 2020

Banking Circle, the ground-breaking provider of financial services infrastructure has been shortlisted for three awards in the upcoming Card & Payments Awards. Banking Circle Virtual IBAN is up for the Best Service to Business award, and together with Ixaris Payments is shortlisted for Best Technology Initiative of the Year. In addition, Ixaris Payments and Banking Circle are shortlisted for Best Achievement in Payments Processing. Read more »

Ingenico reports record breaking Singles Day

Ingenico Group, the global leader in seamless payment, today reported record breaking transaction volumes and payment authorization rates on its most successful Singles Day ever. The company outperformed last year with more than four times as many online transactions as 2018’s event and recorded its highest number of Transactions Per Second (TPS) ever. During the event, Ingenico’s Amsterdam-based ePayments division processed millions of payments... more Read more »

Sunrate inks deal with Moorwand for card issuing services

Moorwand, a dedicated BIN sponsor that turns compliance into a competitive advantage, today announced that it is providing BIN sponsorship and card issuing services to Sunrate Partners Limited, a world-class foreign exchange and global payments provider. Read more »

Nets and BOKIS enter into new five-year agreement

BOKIS, a Danish payment and card company representing 57 domestic banks, and Nets, a market leader in the payments industry, have entered into a new five-year agreement. This means that BOKIS member banks will continue to issue and process the Danish domestic card, Dankort. Additionally, the companies have renewed their processing agreement for international payment cards. Read more »

Alipay aims to help 10 million European merchants reach over 2 billion potential consumers in five years with innovative technology

Alipay, the world’s leading payment and lifestyle platform, today announced a new target to support 10 million small and medium enterprises in Europe over the next five years, through innovative technology that will empower these merchants to better serve and sell to over 2 billion potential consumers travelling to the region from around the world. Read more »

Onguard's new machine learning function enables companies to predict customer payment behaviour

Onguard, the fintech company that streamlines the entire order-to-cash process, has announced that in collaboration with  Read more »

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