Airwallex to Introduce Billing Capabilities via OpenPay Acquisition, Empowering Customers to Unlock and Automate Revenue Growth
- 1 year 2 weeks ago
- Transaction Banking
Airwallex, a leading global financial platform for modern businesses, today announced the acquisition of OpenPay, a San Francisco-based billing platform that offers subscription management, payment orchestration, and revenue analytics.
Chargebacks911 Report Uncovers the “Convenience Paradox” Driving Repeat Transaction Disputes
- 1 year 3 weeks ago
- Transaction Banking
Chargebacks911, a global leader in dispute resolution and chargeback prevention, has unveiled a surprising twist in consumer payment behaviour: the better the dispute experience with a bank, the more likely customers are to file another dispute in the future.
Nuvei Announces Completion Of Going Private Transaction
- 1 year 10 months ago
- Transaction Banking
Nuvei Corporation, the Canadian fintech company, announced today the completion of the previously announced plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement") pursuant to which Neon Maple Purchaser Inc.
Mastercard Goes OTP-Free in APAC for Faster, Safer Online Transactions
- 1 year 10 months ago
- Transaction Banking
As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day.
SumUp and Xero Partner to Complete Merchant Toolkits
- 1 year 11 months ago
- Transaction Banking
Global fintech SumUp has partnered with accounting software platform Xero to enable existing SumUp merchants to sync their sales history to Xero at no additional cost.
SumUp Launches Direct Debits For UK Merchants Using Business Accounts
- 2 years 4 months ago
- Transaction Banking
Global fintech SumUp has today launched direct debits, providing merchants with an even more streamlined payment experience.
Barclays Bank Goes Live on CLS’s Cross Currency Swaps Service
- 2 years 4 months ago
- Transaction Banking
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announced that Barclays Bank has officially gone live on its Cross Currency Swaps (CCS) service.
Lloyds Bank Completes its First Wavebl Electronic Bill of Lading Transaction
- 2 years 5 months ago
- Transaction Banking
Lloyds Bank has completed its first transaction using an electronic Bill of Lading (eBL) on the WaveBL trade documentation platform, in a cross-border deal that featured entirely digital exchanges of documentation.
Allica Bank Announces Integrations with Sage and Xero Accounting Platforms
- 2 years 6 months ago
- Transaction Banking
Allica Bank – the digital relationship bank especially for established businesses with 10 or more employees – has announced partnerships with leading accounting software platforms Sage and Xero.
TerraPay Joins Forces with Diamond Trust Bank Uganda, to Simplify Global Money Transfers in Uganda
- 2 years 7 months ago
- Transaction Banking
TerraPay, a leading global cross-border payments network company, and Diamond Trust Bank Uganda (DTBU), a prominent member of the Diamond Trust Bank Group, today, announced a strategic partnership to expand international money transfers and strengthen financial inclusion in Uganda. Together, both firms will deliver unparalleled benefits to customers worldwide.
Western Union and Mercado Pago Alliance Extends to the United States and Canada
- 2 years 7 months ago
- Transaction Banking
Western Union and Mercado Pago today announced growth in their existing relationship, allowing United States and Canadian customers to send money from Western Union’s mobile app, website, or one of its retail locations to Mercado Pago wallet accounts in Mexico.
Ebury Unveils New Solution for Direct Transactions Between Brazilian Real and Chinese Yuan
- 2 years 7 months ago
- Transaction Banking
Ebury, a fintech specializing in cross-border payments and FX solutions, based in London and present in 25 countries, has introduced to the market a pioneering solution for direct transactions between the Brazilian real and the Chinese yuan. The new solution will facilitate and expedite trade between Brazil and China, which in 2023 alone totaled exports and imports of over US$145 billion, according to Brazilian Government data. The solution... more
Come Clean: Wise Demands Banks Reveal FX Markups - as Hidden Fees Lead Frustrated Brits to Lose Faith in Banks
- 2 years 8 months ago
- Transaction Banking
Barely a fifth of Brits trust their bank to give them a fair deal, a situation exacerbated by hidden FX fee markups, according to new research by Wise, the international money account. New research shows that major UK high street banks charge a hidden fee in its exchange rate*. HSBC charges the highest, with a 3.7% hidden markup. The bank recently launched Zing, a new product that is transparent about its fees - but HSBC does not offer this... more
Assisted Self-Service Terminals are Helping Banks Optimise Their Physical Networks
- 2 years 8 months ago
- Transaction Banking
The number of Assisted Self-Service Terminals (ASSTs) installed both inside and outside branches worldwide continues to see double-digit growth. These devices are instrumental in migrating transactions away from the teller line and extending access both in terms of service hours and geographic reach Banks seek to “do more with less” as the number of branches worldwide declines
Bitso Business Enabled US$8 Billion Payment Transactions in 2023
- 2 years 9 months ago
- Transaction Banking
Bitso, the leading financial services company powered by crypto in Latin America, announced that during 2023 reached a 60% growth in its operation of the Bitso Business division, which reached an annualized volume of 8 billion dollars globally. Over the past year, 1,700 institutional clients traded at least once a month through Bitso. Such organizations use Bitso payment rails and blockchain-based technology for mass pay-ins and pay-outs to... more
