TrueLayer Expands Partnership with Stripe to Power New Pay by Bank Feature in the UK
- 1 week 14 hours ago
- Payments
TrueLayer, Europe’s leading open banking payments network, today announces an expansion to its partnership with Stripe.
1 in 5 Canadian Businesses Experienced Payment Fraud in the Past 6 Months - Despite 63% Feeling Confident in Protecting Their Business Against Scams
- 1 week 15 hours ago
- Payments
A new study from Payments Canada reveals that Canadian businesses have a higher rate of payment fraud compared to Canadian consumers at 20% versus 13%, respectively, although the types of fraud were similar for both segments. Impersonator fraud, originating from a phone call, message or email that appears to be from a trusted business source (25%), intercepted business e-Transfers (22%) and credit card fraud (20%) were the most common types of ... more
Adyen's Intelligent Payment Routing Achieves 26% Cost Savings and Improves Payment Performance on US Debit Transactions
- 1 week 15 hours ago
- Payments
Adyen, the global financial technology platform of choice for leading businesses, today announced Intelligent Payment Routing for US debit payments, the only AI-based solution in the market that simultaneously optimizes and improves revenue and lowers costs. In a pilot of over 20 enterprise merchants — including eBay, 24 Hour Fitness, Microsoft, among others — Adyen achieved an average of 26% cost savings with a 0.22% uplift in authorization... more
DailyPay Rebrands Its Card, Adding New Merchant Cash Back Offers
- 1 week 15 hours ago
- Payments
DailyPay, a worktech company and leading provider of earned wage access, is rebranding its "Friday by DailyPay Visa® Prepaid Card," launching the 'DailyPay Visa® Prepaid Card.' The newly rebranded DailyPay Card adds additional capabilities to DailyPay's existing suite of money movement services to help meet the needs of employees on their financial wellness journey.
The Central Bank of Iceland Launches Feasibility Assessment on Implementing Eurosystem’s TARGET Services for Payments
- 1 week 16 hours ago
- Payments
The Central Bank of Iceland (CBI) has begun analysing and assessing the possibility of implementing the Eurosystem’s TARGET Services, specifically the TARGET Instant Payment Settlement (TIPS) and T2 interbank payment services. TIPS is an instant payment system, while T2 is a system for real-time gross settlement (RTGS) and central liquidity management (CLM). The Central Bank will focus first on TIPS and then follow with T2.
JST Digital Obtains In-Principle Approval for a Major Payment Institution Licence from Monetary Authority of Singapore
- 1 week 16 hours ago
- Payments
JST Digital, a global financial services firm specializing in digital assets, today announced that its Singapore subsidiary, JST Digital & Technology Pte. Ltd. ("JST Singapore") has received an in-principle approval for a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) to provide digital payment token service.
Yazara Integrates with Global Payments Inc. to Enhance Global Reach and SoftPOS Technology
- 1 week 17 hours ago
- Payments
Yazara has officially become a part of Global Payments Inc., ushering in a new era of growth and diversification for both companies. This strategic merger positions Yazara and Global Payments to capture a larger share of the expanding SoftPOS and acquiring market across the globe.
Consumer Giant LG Offers Direct Sales with Payfast by Network
- 1 week 18 hours ago
- Payments
Consumer product giant LG has opened its first-ever direct-to-consumer ecommerce store in South Africa, with online payment solution leader Payfast by Network supporting seamless transactions. This is the first time that LG products will be available for purchase directly to consumers rather than through a third-party retailer.
Thunes and Commercial Bank Kyrgyzstan | MBANK Forge Strategic Alliance to Transform Cross-Border Payments in the Silk-Road Region
- 1 week 18 hours ago
- Payments
Thunes, the Smart Superhighway for money movement around the world, is proud to welcome OJCS “Commercial Bank Kyrgyzstan” | MBANK as a Member of the Thunes Direct Global Network. This collaboration allows MBANK to connect businesses and individuals in Kyrgyzstan directly to over 7 billion mobile wallets and bank accounts around the world, to make payments in real-time in over 130 countries and 80 currencies in a faster, more convenient, and... more
LTP Selects Avelacom for Low Latency Network to Enhance Cross-Venue Crypto Trading
- 1 week 19 hours ago
- Cryptocurrencies
Avelacom, the low-latency network solutions provider for global financial markets, has been selected by LTP, the leading prime broker for digital assets in Asia Pacific, to provide low-latency network services. This collaboration will benefit LTP’s clients –– hedge funds, quantitative funds like HFT companies, FoFs, and family offices –– by improving trading speeds and reliability across crypto markets.
Consumer A2A Payments - 186 Billion Transactions Globally by 2029, Reports Juniper Research
- 1 week 20 hours ago
- Payments
A new study from Juniper Research, the foremost experts in fintech & payment markets, has found that the volume of global transactions via A2A (Account-to-Account) payments will rise from 60 billion in 2024 to 186 billion by 2029; an increase of 209%.
FinMont Announces Partnership with Leading Cross-Border Payments Specialist, Inpay
- 1 week 20 hours ago
- Payments
Global payment orchestration platform FinMont has announced a new partnership with Danish Payments Service Provider Inpay. The new alliance will allow FinMont to incorporate Inpay’s global banking network into its own payments ecosystem, expanding Finmont’s global reach and speeding up cross-border disbursement times for the benefit of its international travel merchants.
Barq Signs Agreement with Mastercard to Empower Businesses with Advanced Payment Acceptance Technology
- 1 week 3 days ago
- Payments
barq, an innovative Saudi financial services startup, has partnered with Mastercard to empower its customers with a range of industry leading payment acceptance solutions through Mastercard Gateway. The strategic agreement will see barq leverage Mastercard Gateway technology to further equip its merchants and consumers around the Kingdom with greater access to a wide range of value-added services — responsive, personalised solutions that cater... more
Ingo Payments Acquires Deposits Inc., Redefining Money Mobility for Banks and Corporates with the Launch of Its Modern Money Stack
- 1 week 3 days ago
- Payments
Ingo Payments, a trusted leader in account funding and disbursements solutions defined as Money Mobility, announced its acquisition of Deposits Inc., a provider of modern banking software tools and infrastructure. This acquisition accelerates the launch of its Modern Money Stack, which will enable banks, fintechs and brands to transform money flows into full, feature-rich accounts that foster new relationships, revenue streams, and utility,... more
Lithic Expands into Canada Offering Multicurrency Processing Capabilities
- 1 week 3 days ago
- Payments
Lithic, a leading card issuing technology company known for enabling growth-oriented businesses with bespoke card programs and seamless money movement, today announced its expansion into the Canadian market. This marks Lithic’s first entry into a non-U.S. market and introduces powerful multicurrency processing capabilities that position Lithic to support the most ambitious and innovative card program use cases.
