Gresham Technologies Announces Agreement to Acquire Electra Information Systems
- 3 years 11 months ago
- Trading Systems, Management, Payments, Banking, Data
Global fintech Gresham Technologies plc (Gresham) that specialises in providing real-time solutions for data integrity and control, banking integration, and payments and cash management, has announced its agreement to acquire post-trade automation specialists, Electra Information Systems, Inc. (Electra).
LGIM Expands its Thematic ETF Range - Launches Digital Payments ETF Tracking Solactive Index
- 3 years 11 months ago
- Payments
The global adoption of smartphones and mobile internet paved the way for a universal mobile payment ecosystem coexisting alongside established ‘offline’ technologies such as physical credit cards. According to a report by GSMA, the number of registered mobile payment accounts grew by 12.7 percent globally to 1.21 billion accounts in 2020, and exceeding, for the first time, a daily transaction volume of over USD 2bn. The report expects the... more
Commerzbank and Partners Execute Live Transactions on the ‘Marco Polo’ Trade Finance Network
- 3 years 11 months ago
- Payments, Money Transfers, Banking
● Commerzbank successfully executed two live transactions to secure payments for commercial transactions based on blockchain technology ● Key milestone for the market launch of Marco Polo Payment Commitment
Nordic P2P Investors Sustain the Domestic Market
- 3 years 11 months ago
- Investment, Payments
Analysts of the European P2P investment platform Robo.cash claim that more than 60% of all visits on selected Nordic P2P lending websites are local. At the same time, most of the developed Western European countries show an equal distribution of domestic and foreign demand.
Zopa Rolls out Test and Learn Approach to Ensure Sustainable Working Future
- 3 years 11 months ago
- Payments, Money Transfers, Banking
Neobank Zopa has outlined its approach to defining the future of work. With some organisations declaring an end to office-based working and others retrenching to the ‘known’ model by asking staff to return, Zopa is applying a test and learn approach for the rest of 2021. The neobank which has around 450 staff, has announced its trial to staff in order to work collaboratively with them to define ways of working in the post-Covid future.
Worldline to Partner with Luminor to Operate and Upgrade its ATM Network
- 3 years 11 months ago
- Payments, Money Transfers
Luminor Bank, the third largest financial services provider in the Baltics and Worldline (Euronext: WLN), European leader in the payments and transactional services industry and #4 player worldwide have signed a five-year agreement under which Worldline will unify and upgrade Luminor’s current ATM network. Partnering with Worldline will allow Luminor to offer a more customer-friendly and newer ATM network for its customers.
Electronic Payments at the Epicentre of Industry Transformation says PwC Report
- 3 years 11 months ago
- Payments
The financial-services industry is in the midst of a significant transformation, accelerated by the COVID-19 pandemic. Given the key role digitisation plays in the financial lives of more and more of the world’s population, electronic payments are at the epicentre of this transformation.
BNY Mellon’s New Solution Leads the Digital Bill-Pay Revolution
- 3 years 11 months ago
- Investment, Payments
BNY Mellon today announced that it has launched a first-of-its-kind real-time electronic bill (e-bill) and payment solution. Displacing the inefficient and antiquated process historically used to handle the majority of the 15 billion bills paid in the U.S. annually, this pioneering capability enables U.S. businesses to present digital bills to their consumer clients in real-time and receive instant payment via the consumers’ preferred online and... more
Fall in Global ATM Installed Base Following COVID-19 Disruption and Growth of Cashless Payments
Financial inclusion measures and the ongoing need for cash led to a rise in ATM numbers in almost half of all countries, but overall, the global ATM installed base fell slightly in 2020 Cash remains the most widely used method of payment in many countries
FSS Enhances Prepaid Multi-Currency Card Offering
- 3 years 11 months ago
- Management, Payments
FSS (Financial Software and Systems), a globally leading provider of integrated payment products and a payments processor, has introduced significant enhancements to its prepaid multi-currency card offering, aimed at providing greater choice, security, and convenience to international travellers.
Igoria Trade Chooses Nets to deliver Secure Multicurrency Experiences
- 3 years 11 months ago
- Trading Systems, Payments
Igoria Trade S.A., a European Payment Institution from Poland, has chosen payment services provider, Nets Group, to deliver its risk management solution, enhancing security for business and individual cardholders. The partnership further expands Nets’ growing presence in Poland, following the Group’s acquisition of local payment services provider Polskie ePłatności (PeP) in 2020.
Retailers Risk Losing Loyal Customers if They Get Returns Wrong, Klarna Warns
- 3 years 11 months ago
- Payments
Over eight in ten (84%) online shoppers would turn their back on a retailer after a bad returns experience. That’s according to new research from Klarna, which highlights the power of returns as a customer acquisition and retention tool, and the repercussions of getting them wrong.
Paysend Secures $125m in Series B Funding to Accelerate Expansion of its Global Payments Platform
- 3 years 11 months ago
- Payments, Money Transfers
Paysend, the card-to-card pioneer and international payments platform, has closed a Series B funding round of $125m, led by One Peak, with participation from Infravia Growth Capital, Hermes GPE Innovation Fund, and existing long-term investors including Silicon Valley based Plug and Play. The funding will help Paysend expand its international footprint and speed up product innovation, enabling it to further accelerate its impressive growth... more
Volante Technologies and Deloitte Enter Into Strategic Alliance Agreement To Accelerate Payments Modernisation
- 3 years 11 months ago
- Payments
Volante Technologies, the global leader in cloud payments and financial messaging, and Deloitte are joining forces to offer clients an innovative new service that enables financial institutions to transform how they run their payments business. Volante’s cloud-based technology solutions for financial institutions will now include added insight and integration services from Deloitte as part of a broader strategic alliance agreement.
Response Comment to Bitcoin Volatility and Industry News - Stephen Kelso, ITI
- 3 years 11 months ago
- Bitcoins, Cryptocurrencies
Stephen Kelso, Head of Markets, ITI Capital comments: “Bitcoin is a volatile asset, as demonstrated by the extended deleveraging from liquidations on retail trading platforms over the last week. The substantial draw-down has triggered fresh scrutiny from some traditional banks and institutional asset managers across Europe.
