VizyPay Wins Two Silver Stevie® Awards in the 2022 American Business Awards®
- 4 years 6 months ago
- Payments
VizyPay received the accolades for its payment processing application VizyPOS and for the company’s outstanding 8,000% growth
Credit Demand Grows Alongside Booming Buy Now, Pay Later Market
- 4 years 6 months ago
- Payments
Consumer demand for credit products has grown since the onset of the pandemic, according to TransUnion’s Consumer Credit 2022 white paper, which reveals changing consumer preferences and affirms the growing demand for buy now, pay later (BNPL) finance. The research reveals significant growth in the credit market when compared with pre-pandemic figuresi with more consumers now intending to take out mortgages (26% versus 22%), credit cards (22%... more
Klarna Enables UK Gambling Block for Direct-to-bank Payments
- 4 years 6 months ago
- Payments
Klarna, a leading global retail bank, payments and shopping service that helps consumers save time and money, be informed and in control of their finances, today announced it is enabling banks to extend voluntary gambling blocks to open banking-driven payments powered by its subsidiary, SOFORT, helping protect hundreds of thousands of UK consumers.
Global Trends and Opportunities in B2B Payments
- 4 years 6 months ago
- Payments
Digital payments have helped businesses get paid safely and efficiently through the COVID-19 lockdowns and associated restrictions, but new challenges are arising as economies reopen. With supply chain disruptions, the ‘great resignation’, rising inputs such as fuel, and the expense of reopening top of mind for businesses, now is an opportune time to build on the processes optimised throughout the pandemic, especially across B2B trade.
UK Firms Could Save £1.3bn Using Real-time Payments, New Report Reveals
- 4 years 6 months ago
- Payments
The Centre for Economic and Business Research (Cebr) predicts that by 2026, £1.3bn could be made in cost savings for British businesses and consumers through real-time payments – helping to generate an additional add £2.6bn economic output, equivalent to 0.11% of formal GDP, as part of a new report, Prime Time for Real Time, published by ACI Worldwide.
PayPal to Shut Down San Francisco Office
- 4 years 6 months ago
- Payments
PayPal is closing its San Francisco headquarters to assess its global footprint. Multiple sources suggest the payments giant is closing its Xoom facility on 425 Market St. in San Francisco. In 2015, PayPal bought online money transfer company Xoom. According to a corporate insider, personnel from that office will work remotely from the San Jose headquarters. The decision affects an unknown number of employees.
Panoply Partners with Square
SQream announced today that Panoply, their no-code cloud data platform that makes it easy to sync, store, and access business data, has partnered with globally trusted commerce solutions company Square to deliver deeper analytics insights to Square sellers. Panoply’s new pre-built dashboards feature uses data recipes to provide Square sellers with robust reporting and analytics, in just a few clicks.
Paya to Announce First Quarter 2022 Financial Results on May 10, 2022
- 4 years 6 months ago
- Payments
Paya Holdings Inc. , a leading integrated payments and commerce solution provider, today announced that the Company will release its first quarter 2022 financial results on Tuesday, May 10, 2022 after market close. On Wednesday, May 11, 2022, at 8:00am ET, Paya CEO Jeff Hack and CFO Glenn Renzulli will host a conference call to discuss these results.
Payhawk Collaborates With Cafico International to Launch ‘scaling Up’: a Guide to Launching an Entity in Ireland
- 4 years 6 months ago
- Payments
Today Payhawk, the growing platform that combines expense, payment and invoice management in one solution, and Cafico International, an experienced, independent Trust and Corporate Services Provider for those seeking to do business in Dublin, London or Luxembourg, announced the launch of Scaling Up, a guide to opening an entity in Irela
Hi Secures a Spot in Mastercard Start Path Programme
- 4 years 6 months ago
- Payments
Hi, the fintech which helps companies unlock fast, affordable working capital and pay employees more flexibly, today announced it has been selected to join Start Path, Mastercard’s global startup engagement programme which helps innovative later-stage startups scale.
Digital Acceleration Could Add 4 Percent to Retail’s Growth Rate
- 4 years 6 months ago
- Payments
Cebr finds that if retailers achieve growth ambitions then they would add £269 billion to retail turnover Research released today by Adyen (ADYEN:AMS), the global payments platform of choice for many of the world’s leading companies, reveals British retailers hold out optimism for growth in 2022, potentially contributing £269 billion to retail turnover.
Tink Expands Open Banking Payments Services to Five New Markets
- 4 years 6 months ago
- Open Banking, Payments
Tink, Europe’s leading open banking platform, has announced the expansion of its open banking payments services to five new markets across Europe. Its Payment Initiation Services (PIS) product is now live in the Netherlands, Norway, Estonia, Finland and Latvia. Tink operates in 18 markets in total across Europe, connecting to over 250 million bank customers.
Emerging Economies Outpace Developed Nations in Real-Time Payments Modernization – Boosting Global Economic Growth – ACI Worldwide Report
- 4 years 6 months ago
- Payments
118.3 billion real-time payment transactions were made globally in 2021 – a YoY growth of 64.5 percent – set to rise to 427.7 billion in 2026, according to GlobalData · Real-time payments are forecast to help generate additional GDP of US$173 billion by 2026, up from US$78.4 billion in 2021 – according to a Cebr economic impact study of 30 of the world's largest economies, including both industrialized and developing nations
Volume Raises $2.4m to Drive Online Payment Fees to Zero
- 4 years 6 months ago
- Payments, FinTech StartUps, IT Innovations
Volume wants to bring an end to the “hidden internet tax”, which is the 2%-8% that debit and credit card, ewallet and BNPL facilitators take for every online transaction Volume is the first to leverage the Variable Recurring Payment mandate to significantly speed up open banking-enabled direct account-to-account (A2A) online payments and do away with those 2%-8% costs
Truelayer Creates Innovative Payment Options With Industry’s First VRP API for Sweeping and Non-sweeping
- 4 years 6 months ago
- Payments, IT Innovations
TrueLayer’s Recurring Payments API is now available for customers to use for both sweeping and non-sweeping use cases. Non-sweeping is a fast, secure and low cost payment alternative to Direct Debit and debit cards and goes beyond what is mandated by regulation. Multiple businesses due to go live with sweeping and non-sweeping payments imminently.
