When Card is Best: Contactless Cards will Dominate Payment Ecosystem for Next Decade
- 5 years 1 month ago
- Digital Identity, Payments, Credit Cards
Despite a shift away from cash, only 47% of consumers trust digital payment providers Payment cards will dominate the banking scene until at least 2025 Consumers need a payment solution to protect them from card-present fraud – which amounted to almost £400 million, in the UK alone, in 2019.
Odoo Taps Salt Edge to Accelerate Invoices and Payments Reconciliation via Open Banking
- 5 years 1 month ago
- APIs, Open Banking, Payments
Odoo, one of the biggest CRM and ERP systems, teamed up with Salt Edge, leader in developing open banking solutions, to get instant access to banking data and enable businesses to reconcile invoices and payments as quickly as possible.
Integral Reports Average Daily Volumes of $44 Billion in July 2021
Volumes decreased -13.7% month-on-month and increased +17.6% year-on-year. Integral (www.integral.com), a leading technology company in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $44 billion in July 2021. This represents a decrease of -13.7% compared to June 2021 and an increase of +17.6% compared to the same period in 2020.
EPA Publishes Response To FCA CP21/13 A New Consumer Duty, Raising Extra Burden Concerns For Firms
- 5 years 1 month ago
- Payments
The EPA’s response supports focus on consumer protection but fears extra costs and another layer of administration for firms will exclude smaller players, creating an extra barrier to market entry while harming broader competition. The EPA urges the FCA to consider excluding all payment that are not retail consumer-facing
Mastercard Partners with Birmingham Department of Innovation & Economic Opportunity to Launch Ascend Birmingham Helping Local Businesses Get Digital
- 5 years 1 month ago
- Payments, IT Innovations
Support from Square, Accion Opportunity Fund and Sunrise by Lendio helps Birmingham small businesses advance digitally and drive online commerce
Open Payments Growth: Token’s Channel-focused Strategy Driving Market Expansion
- 5 years 1 month ago
- APIs, Open Banking, Payments
Market share statistics from CMA9 banks indicate that Token is driving adoption of open banking payments in the UK Leading open banking payments platform, Token, today releases market share statistics* showing it is driving open payments adoption in the UK.
Novatti Chooses Identitii For AUSTRAC Reporting
Global payments company the first Software as a Service customer for Overlay+ Identitii Limited (Identitii, Company) today announces that global payments company Novatti Group Limited (Novatti) will become the first customer to adopt Identitii’s brand new Software as a Service (SaaS) version of Overlay+, after signing a three-year licence agreement.
Soldo, the Leading European Pay and Spend Automation Fintech Closes Record $180M Series C Funding Round Led by Temasek
- 5 years 1 month ago
- Investment, Payments
Soldo,the leading European pay and spend automation platform, today announces that it has closed a $180m oversubscribed Series C funding round, a European record for the spend management category. The fundraise was led by Temasek, a leading global investor headquartered in Singapore.
Vyne and RemitONE Partner Up to Deliver Fast and Cost Effective Money Transfers
- 5 years 1 month ago
- Payments
Vyne, the specialist account-to-account payments platform, today announces its integration with the leading global, technology and business services firm for the remittance world, RemitONE.
Cuscal Leverages BHMI’s Concourse to Support NPP Australia’s PayTo Initiative
- 5 years 1 month ago
- Payments
BHMI, a leading provider of payments software and creator of the Concourse Financial Software Suite®, announced that Cuscal Limited, Australia’s leading independent provider of payment solutions, will be utilizing BHMI’s Concourse solution to support the needs and requirements for Australia’s New Payments Platform (NPP) upcoming PayTo initiative, which provides
Nuvei Adopts Alipay+ Solution, Connecting Global Merchants to More E-Wallet Users
- 5 years 1 month ago
- Payments
Nuvei Corporation (“Nuvei”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, and Alipay, the world’s leading digital payment platform operated by Ant Group, today announced a partnership that will connect Nuvei’s merchants with over 1.2 billion potential customers in the Asia Pacific region through the Alipay+ cross-border payment and merchant marketing solution. This includes access to a network of Asia’s... more
Economy Minister Awards Contract for Delivery of High Street Scheme
Economy Minister Gordon Lyons has announced the contract for the delivery of the High Street Scheme (HSS) has been awarded to Prepaid Financial Services (PFS). TThe £145million scheme will give everyone aged 18 and over in Northern Ireland a Mastercard pre-paid card worth £100 to spend on their local high street. It is planned that the registration process will open to the public in September.
Econombank Migrates To Compass Plus To Ensure Fast And Secure MIR Card Processing
Econombank, the largest bank in the Saratov region of Russia, has migrated its card processing business to the Compass Plus Processing Centre. The two companies worked closely together throughout the migration process, ensuring a smooth transition and the non-stop operation of the bank’s services. By utilising Compass Plus Processing Centre infrastructure, Econombank can now issue its customers with MIR cards. The cards can be used to make fast... more
MYHSM joins Forces with STS Payments to Deliver a Secure Payments i\Infrastructure for Merchants Worldwide
- 5 years 1 month ago
- Payments, Security, Compliance
STS Payments employs MYHSM’s secure and versatile HSM as a service to securely accept and process cardholder present transactions MYHSM by Utimaco, today announces it has partnered with STS Payments, a leading payments acceptance software specialist, to deliver a complete and secure payment solution.
Porter Airlines Partners with Worldline Offering WeChat Pay and PayPal
- 5 years 1 month ago
- Transaction Banking, Payments
Worldline, the European leader in the payments and transactional services industry and number 4 worldwide, today announced it has partnered with Porter Airlines to offer popular digital wallets, namely WeChat Pay and PayPal, for bookings through the airline’s website.
