Payments

Corlytics predicts more PPI pain for UK high street banks

6 years 2 months ago
Payments, Security

Ahead of the payment protection insurance (PPI) complaints deadline on August 29th 2019, Corlytics, a global leading provider of regulatory risk intelligence, has revealed that the last kicks of PPI may still be to come for some banks. An analysis of over 1.25 million complaints, carried out across seven firms with high street operations in the United Kingdom, shows that the deadline has sparked more approaches from consumers. Specific firms... more

Leading Chilean Processor and OpenWay To Power Banco Consorcio’s Credit Card Business

6 years 2 months ago
Payments

Banco Consorcio has successfully launched a credit card business with Nexus, the major processor in Chile. The Nexus platform is built on WAY4, a top-ranked digital payments software provided by OpenWay.

DoshEx rolls out Pundi X technology to enable crypto adoption in South Africa

6 years 2 months ago
Cryptocurrencies

DoshEx, the South African Digital Asset Exchange, and global blockchain-based payment pioneer Pundi X, today announced a strategic partnership to bring cryptocurrency to high street retailers and local consumers. In a first for South Africa’s retail market, XPOS, the Pundi X blockchain-based point-of-sale devices and XPASS cards for cryptocurrency transactions are to be deployed at selected sites across South Africa in a co-branded roll-out... more

Crown Agents Bank acquires Segovia to strengthen its frontier markets payment platform

6 years 2 months ago
Payments, M&A Deals

CABIM Ltd, the parent company of Crown Agents Bank has announced that it is acquiring the enterprise business and payment gateway product of Segovia, a US venture-backed technology company focused on frontier market payments. The acquisition will allow Crown Agents Bank to extend its payment network, include mobile money, and integrate Segovia’s modern payments infrastructure with Crown Agents Bank’s extensive FX capabilities - thus offering a... more

PPRO granted e-money licence by Ministry of Finance in Luxembourg

6 years 2 months ago
Payments

PPRO, a cross-border payment specialist, has officially been granted an e-money licence by the Ministry of Finance in Luxembourg, securing its long term future in Europe The new local entity ‘PPRO SA’ (société anonyme) has been authorised to conduct financial services across the EU under the supervision of the national financial services regulator, the CSSF (Commission de Surveillance du Secteur Financier).

Klarna launches global customer authentication platform

6 years 2 months ago
Payments, Authentication Technology

Klarna, a leading global payments provider, today announced the launch of its global authentication platform — an aggregator with multiple global and local authentication solutions. The platform allows multinational businesses, including merchants and other banks, to provide a simple, secure and personalised customer authentication experience irrespective of market, through a one-time integration.

CBA Sees Surge in Contactless Payment Transactions Following Apple Pay Roll Out

6 years 2 months ago
Payments, Banking

CBA has seen contactless payment transactions linked to a debit or credit Mastercard almost triple, since the introduction of Apple Pay earlier this year. In over 90 per cent of purchases contactless is now preferred, and the popularity of Tap & Pay methods continues to rise compared with other payment options. “The popularity growth among consumers is also changing the way businesses make and receive payments, with more choosing to go... more

International experts support ISO 20022 migration

6 years 2 months ago
Payments, Compliance

Payment industry experts have joined forces with SWIFT to step up the drive to move cross-border transactions to the ISO 20022 standard. In light of multiple planned migrations to ISO 20022 by high-value and instant payments infrastructures, the SWIFT community has agreed to create a common end-to-end implementation that will deliver increased efficiencies, support end-to-end STP, facilitate improved regulatory compliance, enhance the party... more

Fitbit and KBC Launch Fitbit Pay in Belgium

6 years 2 months ago
Payments

KBC, CBC and KBC Brussels customers who have a Fitbit smartwatch or activity tracker can now use it to pay in shops that accept Maestro and have contactless payment available. The initiative makes KBC the first financial institution in Belgium to offer Fitbit Pay, a fast, secure, free and convenient contactless payment option for customers who lead an active life. The launch adds to KBC’s commitment to pioneering new payment methods and follows... more

Affirm Raises $300m

6 years 2 months ago
Payments

Affirm, the financial technology company founded by entrepreneur Max Levchin, today reported that it has raised a $300 million series F round of funding in order to provide honest financial products that improve lives.

Payson Adds Trustly as a Payment Method to its Checkout

6 years 2 months ago
Payments

Trustly is pleased to announce a new partnership with one of Sweden’s leading platforms for online payments, Payson AB. Through the partnership, Trustly’s bank payment solution is now offered in Payson’s checkout, which is used by thousands of Nordic e-commerce merchants.

FIME Brings NFC Forum Certification Services to Japan

6 years 2 months ago
Payments, Infrastructure

FIME is the only testing laboratory in Japan accredited to provide NFC Forum testing and certification services. Japanese card, terminal and mobile device manufacturers can now benefit from local end-to-end testing support.

Fenixera Launch a Much-Needed Crypto-Accounting Platform for Small Businesses

6 years 2 months ago
Payments, Infrastructure

Fenixera is a global debt recovery platform tool designed to protect people from having to write-off international debt. Based in Norway, their account software enables users to check people’s credit and payment history (including crypto-assets) regardless of where they live. With 140K USD already invested in the project, Fenixera makes it easier to collect invoices, manage accounts and maintain a healthy credit score. Authorised accountants in... more

Dollar General and Western Union Launch Convenient Money Transfer Service

6 years 2 months ago
Payments

According to today's announcement of Dollar General and Western Union, customers are now able to make Western Union® money transfers at more than 15,400 locations throughout the 44 states Dollar General serves.