Payments

Ziglu secures £5.25 million seed funding to provide transparent and simple access to cryptocurrency

Ziglu, the cryptocurrency challenger has today formally completed its seed funding round, having successfully secured £5.25 million from a number of specialist UK FinTech investors, and entrepreneurs. Despite the challenges of lockdown and the economic pressures, Ziglu has raised significantly more than the average seed round of $2.4 million in the first quarter of 2020 (PwC, MoneyTree Report, 2020). Ziglu is part of the vibrant London Fintech... more Read more »

Dwolla Announces New Portal For Superior Partner Experience

Dwolla, the programmable payments platform, today announces the latest feature in its robust Partner Ecosystem, the Partner Portal. Read more »

NatWest launches new open banking payments service

NatWest has today announced the launch of a new online payment service, Payit by NatWest, which allows customers to make instant online payments to participating retailers, without the use of a debit or credit card - resulting in a fast, fair, simple and safe payment experience. Payit uses the Open Banking infrastructure to allow customers of UK banks to pay for products and services offered by retailers who use the service, which is targeted at... more Read more »

Koine adds cryptocurrency treasury management services from independent service provider Panxora to its digital post-trade ecosystem

Today Koine, the post-trade custody and settlement platform for institutions, and Panxora, the crypto treasury management service, are working together to provide mutual clients with services dedicated to reducing risks associated with holding cryptocurrencies for the growing numbers of institutions investing in the digital asset class. Read more »

SYKES for FinTech Survey Reveals Consumer Behavior Shifts in the Era of COVID-19

A new SYKES for FinTech survey finds many U.S. adults are new users of financial technologies, specifically in response to the COVID-19 global pandemic. Read more »

Orka Technology Group introduce new pay advance platform

Manchester based staff tech group, Orka has announced the launch of their next innovative product, Orka Pay. Orka Pay allows hourly paid workers to withdraw a percentage of their wages as soon as they’ve worked a shift, so there’s no more waiting until payday or taking out high-interest loans. The platform is app based, allowing workers to choose how much they want to withdraw from their available balance, facilitated by full integration with... more Read more »

Samsung Reveals the new Samsung Pay Card, powered by Curve

Samsung Electronics Co., Ltd has today announced a new partnership between Samsung Pay, the digital banking platform Curve, one of Europe’s leading fintechs, and Mastercard to launch the Samsung Pay Card. Read more »

CoinCorner comments on rumours around a possible new Bitcoin service by PayPal

Danny Scott, CEO at CoinCorner, commented: “Rumours have been circulating that PayPal is rolling out a service that will allow its 325 million customers to buy and sell Bitcoin. Until now, PayPal has seemingly shown no interest in Bitcoin - founding CEO, Bill Harris has even publicly denounced Bitcoin in the past. Read more »

Cost-cutting to accelerate outsourcing of payment processing by acquirers

Great diversity exists in payments processing arrangements across Europe, with further outsourcing by acquirers forecast Ways of connecting with card scheme networks vary significantly by country Read more »

FIME accelerates open banking API innovation & compliance with automated test solution

FIME has released a new version of its automated open banking API test solution, TrustAPI+, including support for The Berlin Group, one of the largest open-access API standards. Read more »

EQ partners with Encompass to bolster KYC offering

EQ (Equiniti), an international technology-led services and payments specialist, is delighted to announce that it has partnered with Encompass to further bolster its KYC proposition. EQ will work with Encompass to automate and use artificial intelligence to analyse data that helps build a dynamic picture of a company or individual in just minutes, enhancing EQ’s technological capabilities alongside their fully managed service.  Read more »

Equiniti rebrands as EQ

Equiniti, the international technology-led services and payments specialist, is delighted to announce that it is becoming EQ. EQ provides accessible digital services for regulated markets. It specialises in equity and investment products, pensions, payments and regtech, and performs administration and payment services for c.70 of the FTSE 100. The new label, EQ, aligns the company’s branding with its three core divisions: EQ Paymaster, EQ... more Read more »

Clearhaus Partners with Spanish fintech PaynoPain

The financial institution Clearhaus has announced partnership with the popular Spanish fintech PaynoPain.  Now, Clearhaus, licensed to operate in Europe, will be providing payment rails for parts of PaynoPains transactions on the continent. PaynoPain performed more than 36 million transactions in 2019. “Just like us, Clearhaus is known for its innovative technological capacity at an international level. We believe our collaboration will clearly... more Read more »

Checkout.com triples valuation to $5.5bn in Series B fundraise

Leading global payment solution provider Checkout.com becomes one of the most valuable fintechs globally. Today the company announces a $150m Series B funding round, tripling the value of the online international payments business. The $5.5bn valuation reflects a growing business demand for transformative online payment solutions that perform across all geographies and channels. Checkout.com’s online transaction numbers had already increased by... more Read more »

Ingenico takes Russian eCommerce by storm reaching 1 billion USD in transactions in the first 18 months

Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payments, today reveals that within 18 months of going live, its Russian Payments Solution has outperformed all expectations with impressive payment volumes and customer adoption. Read more »

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