Payments

EMVCo to Support Expanding Issuer Identification Number as Defined by ISO and IEC

EMVCo is working to evolve the EMV® Integrated Circuit Card Specifications for Payment Systems to support both future eight-digit Issuer Identification Numbers (IIN), as well as the existing six-digit format. As the change may have implications for merchant and processor systems beyond payments, EMVCo has published a Draft Specification Bulletin (DSB) that summarises the changes to ensure all those impacted are informed. The new specification... more Read more »

Modulr awarded £10m from Capability & Innovation Fund to transform how Accountants manage payments for SMEs

Modulr, the Payments as a Service API platform for digital businesses, has secured £10m from Pool C of the  Read more »

Klarna reveals that online retail SMEs in the UK are open to innovation but barriers prevent widespread adoption

New research launched today by global payments provider Klarna reveals that online SME retailers in the UK might be small in size, but are increasingly open to new technologies and innovation to help drive growth over the next year. Read more »

MoneyGram Online Launches Redesigned Web Platform

MoneyGram today announced the launch of the redesigned MoneyGram.com online platform in the U.S. The new site has a faster and more seamless flow, added personalization options and other convenient features. Read more »

BlueSnap enhances customers’ frictionless chargeback management through partnership with Chargebacks911

BlueSnap, an online payments technology company, today announced a partnership with Chargebacks911, a technology platform provider for loss prevention and dispute management, to offer comprehensive dispute management tools to users of BlueSnap’s payment processing solutions. Read more »

CoinCorner Pays Staff Salaries in Bitcoin

New Zealand has today ruled receiving income in Bitcoin as Legal, and CoinCorner one of the UK’s leading cryptocurrency exchanges, reveals that it began paying its employees in Bitcoin earlier this year. Staff at the company were given the option to receive part or all of their salary in cryptocurrency. Each member of staff had the choice to receive the GBP equivalent of Bitcoin, Ethereum, Litecoin or XRP (cryptocurrencies currently supported by... more Read more »

Wirex one step closer to obtaining Crypto Asset Exchange Service Provider Licence in Japan

Today, Wirex Japan Limited officially became a type II member of the Japan Virtual Currency Exchange Association (JVCEA) - a vital and hard-earned step towards being able to offer the full range of Wirex services to customers in Japan. Wirex Japan Limited is a 100% subsidiary of payments innovator Wirex Limited. Today, it became only the 8th financial services company to become a type II member of the JVCEA - a notable achievement in itself and... more Read more »

Concluding Blockchain Project, Colu DLT Purchases CLN Tokens; Colu Group will Focus on Growing Municipal Partnerships

Colu DLT,  the Gibraltar based subsidiary company of the Colu Group, becomes one of the first companies to voluntarily offer to purchase the entirety of tokens sold during an ICO, as blockchain project concludes. The Colu Group has seen the recent growth in partnerships with municipalities across the world, and it continues to implement its vision of helping strengthen communities and cities by focusing on municipalities and city partners,... more Read more »

FairFX acquires HermexFX

Equals Group PLC, the e-banking and international payments group announced that its subsidiary, FairFX plc, has acquired the International Payments business of Hermex International Limited ("HermexFX"), part of the FXPro Group, for a total consideration of £2 million, payable in cash on completion (the "Acquisition").  Read more »

Global Digital Finance appoints Sandra Ro to the GDF Board of Directors

Global Digital Finance (GDF), the industry body driving acceleration and adoption of digital finance announces today that Sandra Ro, CEO of Global Blockchain Business Council has accepted an appointment to the Board of Directors of GDF as a non-executive director, commencing 1 September 2019. Read more »

FSS wins 4 awards including Best B2B Payment Solutions Provider 2019

FSS (Financial Software and Systems), a global payments technology company, has won four awards at the 7th edition of Payments and Cards Summit, held in Mumbai. The company received the highest honour Best B2B Payment Solutions Provider as well as awards in three other categories -- Best White-Labelled Payment Gateway for FSS Payment Gateway, Best ATM Managed Services for ATM Managed Services and  Best Anti-Fraud and Security Solution for FSS... more Read more »

iSignthis Concluded Principal Membership Agreement with Visa for the Australian Market

iSignthis Ltd (ASX: ISX|FRA: TA8) (“The Company”) is pleased to announce that it has entered into an Australian Principal Member licensing agreement with the Asia Pacific Singapore based regional subsidiary of Visa Inc (NYSE: V). Read more »

Caspian Launches Crypto Pairs Trading Functionality; Paving the Way for Statistical Arbitrage and Relative Value-based Funds

 Caspian, the full-stack crypto trading, portfolio and risk management platform, today announced the launch of its pairs trading functionality. The new capabilities are paving the way for funds looking to use statistical arbitrage and relative value-based strategies to grow their business – two strategies that have become popular in the crypto market. Read more »

Klarna announces $460M equity raise to further support massive US growth

Klarna, the leading global disruptor of payments and banking, and provider of smoooth retail services, is pleased to announce it has raised $460 million in an equity funding round, at a post money valuation of $5.5 billion. This new valuation ranks Klarna as the largest private fintech in Europe and as one of the largest private fintechs globally. Read more »

CEX.IO Has Expanded Operations to 31 States and the District of Columbia

Since the launch of the US office of CEX.IO Corp on July 4, CEX.IO’s regulatory compliance team has been tirelessly working with regulators to pass all required checks and audits and receive MTLs in new states.  Read more »

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