Payments

Mastercard enables Contactless limit raise across 29 countries; and champions permanent increase

Today Mastercard announced its commitment to enabling the increase in contactless payment limits across Europe. The move comes as 29 countries implement new limits, which will ultimately improve shopping experiences for people across the region. Read more »

TransUnion Research Quantifies How Social Distancing is Changing Shopping Patterns

TransUnion (NYSE: TRU) today released new research that quantifies the spike in digital commerce since social distancing became widespread globally. The company found a 23% increase in global e-commerce transactions in the week following the World Health Organization declaring the novel coronavirus outbreak a pandemic on March 11th compared to the average weekly volume in 2020. Read more »

Wirecard expands presence in Mexico

Wirecard, the global innovation leader for digital financial technology, and Banca Afirme, a Mexican financial institution with a nationwide presence, are collaborating to equip television station Canal 22 with employee payout products for e-commerce payments, Point-of-Sales (POS) spend, and ATM cash withdrawals. Read more »

Barclaycard to enable UK retailers to accept new £45 Contactless Limit

Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, will be rolling out the deployment of the new £45 contactless limit across UK retailers from 1 April 2020. The payments provider, which provides the technology to power over 150,000 terminals across the UK retail sector, is supporting the increased threshold to help prevent the spread of Coronavirus. Adjusting the contactless limit from £30 to £45 will allow... more Read more »

Digital Payments in Europe to Surpass $802bn Transaction Value This Year

The increasing number of mobile phone users and the massive growth of eCommerce have led to the rapid adoption of digital payments all over the world. Cashless payments have become an appealing alternative to many European consumers, as well, causing a significant impact on the payments industry traditionally dominated by cash, credit cards, and debit cards. Read more »

SumUp launches free Mobile Payments and Invoicing across Europe to help consumers pay safely and remotely via smartphone

As Europe moves into COVID-19 lockdown - affecting small businesses and retailers everywhere - SumUp, the London-headquartered fintech and leading provider of digital payments solutions, is announcing free Mobile Payments, as an alternative and innovative payment solution for its merchants. Read more »

Paysend to start an educational program about digital money

Paysend, a UK based Fintech has started the creation of an educational program to help customers improve their knowledge about digital money through a series of articles, blogs and videos. One key issue that the world is experiencing these days is about personal safety in the usage of cash. Cash can play a big role in the movement of viruses from person-to-person, given the frequency that each note is used. In the UK, an average £20 can be used... more Read more »

Itiviti and Gemini to offer NYFIX connectivity for cryptocurrency customers

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that Gemini Trust Company, a next generation cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets, now enables cryptocurrency holders trade with their counterparties via NYFIX, Itiviti’s world-class FIX-based order routing network. Read more »

DeeMoney Partners with Ripple to Power Faster and Cheaper Cross-Border Money Transfers

DeeMoney, a fintech company based in Thailand specializing in digital cross-border money transfers, today announced its platform is now processing live transactions, in partnership with Ripple, the enterprise blockchain solution for global payments. Through RippleNet, Ripple’s global financial payments network which comprises more than 300 financial institutions worldwide, DeeMoney is providing more efficient international money transfers at the... more Read more »

Wirecard expands e-commerce offering for WeChat Pay and enables European merchants fast access to the Chinese market

Wirecard, the global innovation leader for digital financial technology, is further expanding its e-commerce offer for Chinese online shoppers. Thanks to Wirecard, European merchants can integrate the popular payment method WeChat Pay into their online shop in just a few minutes. Chinese customers can now shop online or in the app of these merchants and check out via WeChat Pay. This solution is ideal for European merchants seeking to enter the... more Read more »

Temenos and ClearBank Form Strategic Relationship to Provide Seamless Payments in the Cloud

Temenos (SIX: TEMN), the banking software company, and ClearBank, the cloud-based clearing bank, form a strategic relationship to provide banks with access to UK payment systems and a faster route to market for seamless real-time payments services in the cloud. Read more »

Mastercard expands partnership with bunq to build a greener planet

Mastercard and bunq announce today the expansion of their partnership to accelerate the growth of bunq’s card offerings in Europe. Mastercard is leveraging its international network, helping to expand the bunq Green Card into 30 European countries1. bunq Green Card, a metal Mastercard, builds a greener planet by planting a tree for every £100 or 100 Euros spent. Read more »

VibePay Expands Fee-Free, Instant Payments To Online Sellers

VibePay, the social payments app, is today rolling out a new way for users to request payments from anyone, not just their contacts, directly from their secure bank account. This will eliminate payment processing fees for online sellers and speed up the time they get paid from days to just seconds. The number of ‘social sellers’, people who sell online through sites like Depop, Ebay or Gumtree, is growing fast – the second-hand resale market is... more Read more »

Travelex Statement in response to today’s Finablr Announcement

Travelex notes today’s announcement released by Finablr, its indirect parent company, regarding their appointment of an accounting firm to advise on maximizing value in the Finablr Group. Travelex reaffirms that it continues to take decisions, with input from PwC and supported by its other external advisors, regarding the operation of its business in the interests of all relevant stakeholders. Travelex notes that it has maintained a legal and... more Read more »

GIRO goes live with instant payments in Hungary powered by Nets

GIRO has now launched its new instant payments platform based on the well-established platform – RealTime24/7 – powered by technology from Nets. The high volumes processed during the first days since the launch have given the new system a flying start. Read more »

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