Cryptocurrency Exchange Bitmart Allegedly Loses Nearly $200 Million-Worth Assets in Hack
- 3 years 6 months ago
- Cryptocurrencies, Cybersecurity
Cryptocurrency exchange Bitmart has emerged as the latest victim of a severe hack attack. An alleged $196 million (roughly Rs. 1,479 crore) stored as various cryptocurrencies have been stolen from Bitmart in this attack. The stolen tokens were directed to the unidentified hacker(s) hiding under the pseudo name of “Bitmart Hacker”. The breach that happened on the evening of Saturday, December 4 gained traction after security firm PeckShield... more
FOMO Pay Introduces COBO and POBO Capabilities in Partnership with Banking Circle
FOMO Pay, the leading Singapore one-stop payment solution provider, today embarked on a partnership with Luxembourg-headquartered licenced bank Banking Circle, to enable Collection on Behalf of (COBO) and Payment on Behalf of (POBO) services for FOMO Pay’s corporate clients in APAC.
Klarna Announces Partnership with Harrods Ahead of the Holiday Season to Offer Customers Flexibility when Shopping
- 3 years 6 months ago
- Payments
Klarna, the leading global retail bank, payments and shopping service, has today announced a partnership with luxury retailer Harrods, offering customers more flexible and convenient payment options throughout Harrods Knightsbridge, H beauty and Harrods.com.
Tutuka and Paymentology Create the World’s First Global Issuer-processor Spanning 49 Countries, to Form a New Payments and Card Processing Powerhouse
- 3 years 6 months ago
- Payments
In a move upending the hottest part of the fintech market, two of the world’s leading issuer processors – Paymentology and Tutuka – are merging to create a new payments and card processing powerhouse. Operating under the Paymentology name, the merger creates a new force in payment solutions; giving banks and fintechs the technology, team and experience to issue and process Mastercard, Visa and UnionPay cards, across 49 countries.
Ecospend Partners with London Mutual Credit Union to Empower Customers Through ‘pay-by-bank’ Services
The partnership will improve London Mutual’s services by creating a frictionless journey for customers, providing the option to make payments directly from their accounts.
Paysafe’s Viafintech and Solarisbank Partner to Launch a Comprehensive Deposit and Withdrawal Infrastructure in Europe
- 3 years 6 months ago
- Payments
Companies collaborate to disrupt legacy banking and pioneer a new future of banking
From Ocean Plastic Waste to Payment Cards
- 3 years 6 months ago
- Payments, Credit Cards, Banking
At least 14 million tons of plastic end up in the world's oceans every year. The globally difficult situation is improved by collecting plastic waste from oceans and coastal areas and reusing it. As the first in Finland, the Savings Banks Group will offer its customers an option to have their debit or credit card made from ocean plastic. TietoEVRY manufactures, personalises and delivers payment cards to the Savings Banks’ customers.
Volante Technologies Recognized as Market Leader in Omdia Universe: Selecting a Payment Hub, 2021-22 Report
Cloud payments company scores highest mark for solution innovation capabilities and strategy
Barclays Reveals Pitfalls of Unregulated BNPL Agreements for Christmas Shoppers, with Two in Five Users Unclear what they’re Signing Up to
36 per cent of ‘buy now pay later’ (BNPL) users do not fully understand the consequences of missing repayments
Capricorn Foundation: Stablecoin Is Making Waves in Traditional Economy
- 3 years 6 months ago
- Cryptocurrencies
Crypto has had futures for some times and only recently has its structure developing more sophisticated in the traditional financial ecosystem. In early 2019, there was only $275 million of crypto collateral locked in the DeFi economy while it hits the milestone high of $200 billion today.
UA Multimedia Expands into DeFi and Multi-Trillion Dollars Cryptocurrency Market, Introduces Decentralized Exchange (DEX)
- 3 years 6 months ago
- Cryptocurrencies
UA Multimedia, Inc. (OTC Pink: UAMM), a holding company and solution provider in the area of blockchain, cryptocurrency, fintech, decentralized finance (DeFi), NFT and metaverse, announces the upcoming launch of its Decentralized Exchange (DEX). A DEX is a decentralized permissionless cryptocurrency exchange that allows users to trade various tokens directly without going through a middleman like those from centralized exchanges (CEX).
Business Credit Scores Stabilise Despite Ongoing Challenges
- 3 years 6 months ago
- Payments
Experian reveals how UK business credit scores have fared from the start of the pandemic to September 2021 South-West ranks highest, while the retail sector shows resilience New research from Experian, which analyses 2.2 million UK businesses, has revealed that, on average, businesses’ credit scores are recovering well from the impact of COVID-19.
emerchantpay and Elsner Technologies Team Up to Accelerate Payments for Thousands of Online Businesses
- 3 years 6 months ago
- Payments
emerchantpay, a leading payment service provider and acquirer, has formed a strategic partnership with Elsner Technologies, an award-winning web and digital marketing agency. Together they will offer greater payment flexibility to their customer base.
The UK Will Be Ready for SCA From a Compliance Perspective, but Attention Needs to Shift to Optimisation, Reports New Insight
- 3 years 6 months ago
- Payments, Compliance
Stakeholder interviews reveal that UK issuers, acquirers and gateways are largely ready for SCA enforcement SME merchant readiness remain greatest concern for UK market New sprint ramp-up plan to commence on 18th January with full compliance required by 14th March
Mollie Launches 1 Million Euro Acceleration Fund for Developers, Start-ups and Digital Agencies
- 3 years 6 months ago
- Fundraising News, Payments
Payments platform spurs external innovation Mollie, one of the fastest growing payment service providers in Europe, today launched a new 1 million Euro fund designed to drive the creation of new integrations and add-on products for its platform. The ‘Mollie Acceleration Fund’ will support developers, start-ups and digital agencies to realize bold and ambitious projects that help power the growth of Mollie’s 125,000+ e-commerce merchant customers.
