Payments

BNY Mellon automates global payment inquiries, becoming the first US bank to offer SWIFT gpi Case Resolution service

BNY Mellon has recently collaborated with SWIFT to be the first U.S. bank to offer the gpi Case Resolution service to clients, and the fifth globally. This offering marks another milestone in BNY Mellon’s commitment towards client-centric payment services and leading the path for other global payments innovation (gpi) initiatives. Read more »

Businesses choose Bitcoin payments as lockdowns lift

As businesses worldwide begin coming out of lockdown into uncharted territory, adapting and surviving the economic and social impacts of COVID-19 is imperative as consumer behaviour, namely spending habits, continue to rapidly change. Alongside a 200% rise in “first-time” online purchases in April, Econsultancy recently reported a 33% increase in “online banking or use of mobile apps and payment methods”.  Read more »

Huobi announces the establishment of Huobi DeFi Labs

Huobi Group, the world leading Blockchain Company has announced the establishment of Huobi DeFi Labs. Huobi DeFi Labs is the platform for DeFi (Decentralized Finance) research, investment, and incubation and eco system building in DeFi space. It aims to build a better financial system in collaborations with the global crypto and DeFi community for the future. Read more »

EDPIA welcomes SIA as a new member

The European Digital Payments Industry Alliance (EDPIA) is happy to announce that SIA, a leading European hi-tech company in payment services and infrastructures headquartered in Milan and controlled by CDP Equity, has joined the Alliance, joining founding members Ingenico Group, Nets, Nexi and Wordline in advocating the growth of digital payments in Europe.  Read more »

Paymentology works with Utility Warehouse to help customers reduce their bills

Utility Warehouse (UW), has selected cloud-based payment processing platform, Paymentology, to process its cashback card transactions. UW customers can benefit from cashback from thousands of market-leading online and high street retailers, including Sainsbury’s, Boots, and M&S. This cashback is automatically offset against their monthly utility bill. Read more »

Global payments firm Sokin partners with Jumio to disrupt the world of cross-border transfers

Sokin, the new generation payments firm, has announced a partnership with Jumio to introduce the latest digital identity verification technology as part of its client onboarding process. Sokin offers an easy to use fixed price subscription service for global payments which cuts out repeat and hidden costs, with transactions handled at some of the best market rates.  Read more »

Bottomline boosts the way businesses collect cash with Pay Direct

Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, today announced the launch of Pay Direct. This new Open Banking payment initiation service gives companies a more efficient and cost-effective way to receive online payment from customers. Read more »

Diginex launches EQUOS.io becoming the first digital asset exchange listed in the United States

Diginex announced the public launch of its digital asset exchange EQUOS.io, built to institutional-grade specifications and designed to improve the experience of trading digital assets for all market participants. Read more »

Bitfinex launches Pulse on mobile

Bitfinex, a state-of-the-art digital asset trading platform, has launched Bitfinex Pulse on mobile, enabling the exchange’s growing user base to obtain market-moving information on the go. Read more »

Inaugural Publicis Sapient report finds at-home experiences will remain the new normal post-COVID

Despite global lockdowns lifting, COVID-19 has increased the pace of digital transformation exponentially, and consumers have shown a substantial step-change in a more permanent adoption of technology into their everyday lives. Read more »

Remitly Announces $85 Million Round as Digital Remittances Surge Globally

Remitly, the mission-driven provider of remittances and financial services for immigrants, announced an additional $85 million in financing as the global demand for digital remittances continues to surge during the COVID-19 pandemic. The funding will enable Remitly to expand its suite of financial services products and digital solutions at a time its customers need them most. Read more »

Global payments Paysend outmatching World Bank Covid forecasts

UK-based global FinTech firm Paysend today released figures showing the extensive growth of its Global Transfers service experienced during the coronavirus pandemic, countering the World Bank predictions in April that global money transfers would decrease by 20%. It is estimated that the total amount of money remittances just from the UK each year is in excess of £20billion. Based on the predictions from the World Bank it had been anticipated... more Read more »

EBANX expands payments operation to Uruguay

Payments company EBANX announced the beginning of its operations in Uruguay, growing its payment processing reach to nine Latin America countries. The fintech already operates in Brazil, its home country, Mexico, Colombia, Argentina, Chile, Peru, Bolivia, and Ecuador, in addition to Uruguay, offering card payments and local alternative payment methods for global businesses expanding to Latin America. Read more »

P20 publishes its latest report, Payments in a Post-COVID-19 World

P20, the voice of the global payments industry, announces the publication of its latest report, Payments in a Post-COVID-19 World. P20 Board Members featured in the report include Steve Ledford, SVP Product and Strategy at The Clearing House; Sara Castelhano, Managing Director and EMEA Head of Payments and Digital Product at J.P. Morgan; Jim Johnson, EVP and Head of Merchant Solutions for FIS; and Philip McHugh, CEO of Paysafe. Read more »

Elavon with Opayo helps SMEs reopen with new payment solutions and insights into customer journeys

Elavon, a global payments leader, is helping Small to Medium-sized Enterprises (SMEs) reopen by offering new eCommerce and Point-of-Sale (POS) solutions as consumer behaviour changes in response to COVID-19. According to a recent Elavon-commissioned survey with Ipsos Mori, spending habits and customer journeys are evolving with more people seeking contactless payments and shopping online. Read more »

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