FICO UK Credit Card Market Report: February 2024
- 36 min 56 sec ago
- Credit Cards
The FICO UK Credit Card Market Report for February 2024 presents a mixed picture on consumer confidence and financial pressures. There was an uptick in spending after the usual seasonal dip in January and the number of people missing one and two payments fell. However, payments to balance fell by 3.6% compared to February 2023 and the average balance is higher than the previous month and previous year. Highlights
Travelex Launches Bank Partnerships Across Japan
- 36 min 56 sec ago
- e-Payments
Travelex, a market-leading foreign exchange brand, has launched an FX affiliate referral programme with over 60 local banks across Japan, with over 30,000 of these banks’ customers having subsequently benefited from access to travel money since the programme’s launch late last year.
UK Banks Urged to Act Now Ahead of New Cross-border Payments Legislation to Prevent Exclusion from International Payment Networks
- 41 min 56 sec ago
- Payments
With just over 18 months to go until the ISO 20022 compliance deadline, leading Quality Engineering company, Roq, is urging UK financial institutions to take the necessary measures now to finalise their plans and focus on the execution of a programme that is, by all published metrics, some way behind the curve.
Brightwell Launches Cross-Border Payments Platform Latitude to Revolutionize the Reimbursement Process
- 1 hour 6 min ago
- Payments
The cross-border payments space is experiencing exponential growth and is projected to reach $365 billion, globally, by 2032 with a 7.3% compound annual growth rate according to a recent report by
Nium and Thredd Expand Partnership to Power B2B Travel Payments in APAC
- 2 hours 36 min ago
- Payments
Nium, the global leader in real-time cross-border payments, today announced the expansion of its partnership with Thredd, a leading global payments processor, to issue virtual cards in the Asia Pacific (APAC) region.
Hitachi Payment Services Launches India's First Upgradable ATM
- 2 hours 46 min ago
- ATMs
Hitachi Payment Services, India’s leading payments and commerce solutions provider, today announced the launch of the country’s first Upgradable ATM. The Upgradable ATM can be transformed into a high-performance Cash Recycling Machine (CRM) at any point of time. Manufactured under the Make in India initiative, these new Upgradable ATMs provide more flexibility and efficiency to banks.
Brite Launches Instant Payments in Germany to Further Boost European Coverage
- 2 hours 56 min ago
- Payments
Brite Payments, a leader in instant bank payments, today announced the launch of Brite Instant Payments in Germany. The fast-growing Swedish fintech enables instant account-to-account (A2A) payments and payouts, leveraging Europe’s open banking infrastructure.
Volt Launches One-click PayTo Payments in Australia
- 3 hours 1 min ago
- Payments
Volt, the global real-time payments platform, today announces the launch of its secure, PayTo-based, one-click payment solution for its retail customers in Australia. In addition to simplifying the payment experience for customers and eliminating credit card surcharges, this next-generation online digital payment solution allows retailers to receive payments instantly.
Yuno Expands Reach Across Key Asian Markets, Establishing Stronger Regional Presence
- 1 day 1 hour ago
- Payments
Yuno, the leading global payments orchestration platform, today announces it has scaled up its footprint in Asia, launching its innovative payment orchestration solution in key markets including Singapore, the Philippines, Thailand and Hong Kong, among others.
PPRO Expands Its Local Payments Offering to the US
- 1 day 1 hour ago
- Payments
PPRO, the leading local payments platform, has today announced its entry into the US market enabling global payment service providers (PSPs) and merchants to reach millions of US consumers via a single API.
Thunes Announces Agreement to Acquire Tilia LLC
- 1 day 1 hour ago
- Payments
To accelerate its growth in the United States and its presence in the fast-expanding online gaming market, Thunes, a global cross-border payments company, is proud to announce that it signed a definitive agreement to acquire Tilia LLC, an all-in-one payments platform. Tilia is licensed in 48 U.S. states and territories and offers payment solutions (acceptance and pay-outs) for online games, virtual worlds, creator economies, and in-app purchases.
Accelerated Payments and inflverse Partner to Revolutionise Payments in the Creator Economy
- 1 day 2 hours ago
- Payments
Accelerated Payments, a leading provider of business funding solutions, has announced a strategic partnership with inflverse, a global financial management platform for creator agencies. This collaboration aims to build a more financially sustainable creator economy. Leveraging Accelerated Payments funding solutions, inflverse has developed a proprietary platform that is revolutionising payments within the creator economy.
Sopra Banking Software and Paymentology Forge Strategic Partnership to Revolutionise Global Card Issuing Services
- 1 day 4 hours ago
- Payments
Sopra Banking Software (SBS), a leading provider of banking software solutions, and Paymentology, a global issuer processor, are thrilled to announce a transformative strategic partnership aimed at delivering comprehensive card issuing services within SBS's next-generation SBP Digital Core platform.
UK Finance Publishes Report to Facilitate Commercial Variable Recurring Payments
- 1 day 4 hours ago
- Payments
UK Finance, in association with law firm Addleshaw Goddard LLP, is today announcing a report on the use of model clauses to support the development of the Variable Recurring Payments (VRPs) for commercial applications in the UK.
Coupa and Bottomline Partner to Optimize and Streamline Payments
- 1 day 19 hours ago
- Payments
Coupa, the margin multiplier company, and Bottomline, a global leader in business payments, announced a strategic partnership to simplify digital payment processes for businesses. Coupa can now connect to Paymode-X, Bottomline's business payments network that offers Premium ACH, to automate payments from buyers to suppliers.
