Visa and MFS Africa Bring Digital Payments to More Consumers and Businesses across Africa
- 6 years 4 months ago
- Payments
Visa (NYSE: V) and the pan-African fintech leader MFS Africa today announced a partnership that will help bridge the gap between the rapidly growing mobile money ecosystem in Africa and the world of online digital payments, significantly expanding Visa’s reach and its ability to open up ecommerce to the region.
Smart lock’s security issues leave open doors for attackers
- 6 years 4 months ago
- Cybersecurity
Consultants with cyber security provider F-Secure have discovered an exploitable design flaw with a smart lock that attackers can use to easily pick the device. The lock’s inability to receive firmware updates means the flaw cannot be fully fixed, highlighting the difficulties faced by manufacturers and consumers with securing the new internet-connected devices hitting the market.
FinecoBank Adds Support for Garmin Pay to Contactless Payment Devices
- 6 years 4 months ago
- Banking
FinecoBank ("Fineco"), one of the most important FinTech banks in Europe, announces today that it will add Garmin Pay to its growing list of contactless payment devices. Fineco customers can now link their Fineco card to Garmin Pay through the Garmin Connect app for iOS or Android. To unlock the cards on the watch, users will need to set a security passcode to confirm payments. Once linked, customers of the bank will be able to make payments...
Ingenico reveals: How European merchants performed during the week-long Black Friday sales
- 6 years 4 months ago
- Payments
Ingenico Group, the global leader in seamless payment, saw a significant increase in online transactions throughout Europe as a result of this year’s Black Friday shopping period – sales came from a range of industries, not just the retail sector. 2019 ONLINE TRANSACTION DATA
Flywire and iSAMS Integrate to Provide Seamless Cross-Border Tuition Payments
- 6 years 4 months ago
- Payments
Flywire, a provider of vertical payment and receivables solutions for businesses and institutions, today announced a new integration partnership with iSAMS, a 100% web-based school management and integrated accounting solution.
Wirecard and Orange Bank enable mobile payments for even more French consumers
- 6 years 4 months ago
- Digital Identity
Wirecard, the global innovation leader for digital financial technology, and Orange Bank are expanding their successful cooperation and now offering all Android users in France convenient mobile payment with Google Pay. Thanks to Wirecard, Orange Bank has already established itself as the market leader for mobile payments in France – 17% of such payments were made via the Orange Bank App in 2018. The addition of Google Pay should increase this...
FSS and AFS Partner to Promote Digital Payments in the Middle East
- 6 years 4 months ago
- Payments
FSS (Financial Software and Systems), a global payments products and solutions provider and payment processor, and Arab Financial Services (AFS), the leading payment solutions provider and FinTech enabler in the Middle East and Africa, have entered into an agreement to bring omni-channel payment acceptance solutions to banks in the region. The partnership combines FSS’ technology expertise in acquiring and payments, with AFS’ payments processing...
Goldman Sachs Enlists Startup for Quantum Computing Push
- 6 years 4 months ago
- RegTech, FinTech StartUps
Wall Street giant Goldman Sachs is teaming up with Silicon Valley startup QC Ware to investigate the use of quantum algorithms in finance. As the promise of quantum computing inches nearer, Goldman has been working with QC Ware to explore how the technology will eventually outperform classical computers for finance applications. Goldman and QC Ware are investigating whether quantum computing can be used with the Monte Carlo algorithm, which is...
Kraninger Marks First Year As Director Of The Consumer Financial Protection Bureau
- 6 years 4 months ago
- Financial
Today, Consumer Financial Protection Bureau Director Kathleen L. Kraninger made the following statement regarding her Dec. 11 one year anniversary leading the Bureau:
Guernsey Finance Chief Executive to Leave Role in June
- 6 years 4 months ago
- People Moves
The Board of Guernsey Finance announces the departure of its CEO, Dominic Wheatley after more than five years of service. Mr Wheatley will leave the promotional agency on the 30 June 2020, having been in the role since December 2014. Chairman Lyndon Trott said: “The board is grateful to Dominic for his commitment and performance over the last five years. We move forward from a positive base with a strong team and strategy established, and on...
DTCC MF Info Xchange Launches New Capabilities as User Base Grows to 134 Clients
- 6 years 4 months ago
- Trading Systems, Security
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its MF Info Xchange service, the first offering of its kind to standardize communications for the mutual fund industry, has been enhanced with new efficiencies and capabilities, including integrating the offering with other DTCC mutual fund services.
Currencies Direct Appoints Pedro Batista as Chief Payments Officer
- 6 years 4 months ago
- Payments, People Moves
Currencies Direct, the leading international payments provider, has appointed Pedro Batista as Chief Payments Officer. The newly created role will see Batista lead the organisation’s payments strategy – managing extensive banking relationships and the delivery of innovative payment solutions to enhance Currencies Direct’s product range and deliver a cutting-edge service to its clients.
5 ways that digital technology can help small businesses
- 6 years 4 months ago
- Alternative Finance
5 ways that digital technology can help small businesses Technology is growing fast and ever-changing. Processes are becoming more efficient and many companies are reaping the rewards through increased efficiency and better system monitoring. It is not just large businesses that can benefit. Here are 5 ways in which digital technology can help small businesses. Time tracking
Lithuanian Central Bank Urges Peers to Join Digital Currency Goldrush
- 6 years 4 months ago
- Blockchain
The Bank of Lithuania is stepping up its research into the implications of offering a central bank digital currency, publishing a new research paper highlighting CBDC design choices as well as monetary policy and financial stability implications.
YES Bank Launches API Marketplace
- 6 years 4 months ago
- Banking, FinTech StartUps
India's YES Bank has launched an online marketplace where startups from a host of sectors can pitch tools integrated with the lender's APIs. The YES Scale Marketplace already hosts more than 100 offerings from startups working in areas such as logistics, healthcare, agritech and edtech. The platform is designed to make it simple for startups to jointly go to market with YES Bank, offering their services, complete with banking integrations, to...
