First Data and Fleetcor Ditch Gift Card JV Plan Over Regulatory Concerns
- 8 years 11 months ago
- Data
First Data (NYSE: FDC), a global leader in commerce-enabling technology, and FLEETCOR Technologies Inc. (NYSE: FLT), a leading global provider of commercial payment solutions, today announced that they have terminated the joint venture agreement they entered in March 2017. That agreement would have combined the gift card businesses of both parties.
UAE's Rakbank implements cardless ATM transactions with Samsung Pay
- 8 years 11 months ago
- Banking
RAKBANK, one of the leading banks in the United Arab Emirates (UAE), in partnership with Diebold Nixdorf, the leader in driving connected commerce, has launched Samsung Pay on their ATMs.
Commercial Bank of Ethiopia Expands ATM Network with NCR
- 8 years 11 months ago
- Infrastructure
NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that Commercial Bank of Ethiopia (CBE), the largest bank in the country, is expanding its ATM network with the addition of 200 new NCR SelfServ ATMs together with NCR APTRA Vision, a multi-vendor ATM management system that offers an accurate view of the banks entire self-service network in real time.
Global Payments to Acquire Active Network
- 8 years 11 months ago
- M&A Deals
Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, announced today an agreement to acquire the communities and sports divisions of ACTIVE Network from Vista Equity Partners.
Gro Solutions Moves HQ to Midtown Atlanta
- 8 years 11 months ago
- Banking
Gro Solutions, a leading provider of digital growth solutions for banks and credit unions, announced it will relocate its headquarters from Johns Creek, Ga. to Midtown Atlanta’s Bank of America Plaza, the tallest building in the Southeastern United States, during the fourth quarter of 2017.
Alipay enters partnership with VTB to expand merchant network in Russia
- 8 years 11 months ago
- Payments
Alipay, the world's largest online and mobile payment platform and lifestyle super app operated by Ant Financial Services Group, today announced its partnership with VTB Group, one of Russia's leading banking groups. VTB Group has recently started merchant acquiring for Alipay payments service in its over-120,000-POS-device network, which now makes VTB Group the biggest partner of Alipay in Russia. It is expected that more than 1 million Chinese...
Icon Solutions begins functional testing with EBA Clearing’s RT1 platform
- 8 years 11 months ago
- Payments
Icon Solutions, a leading provider of technology solutions and instant payments consultancy, today announces the start of functional testing between the Instant Payments Framework (IPF) and RT1, EBA Clearing’s pan-European infrastructure solution for the processing of SEPA instant payments. Icon are amongst the first to initiate testing and start moving towards ensuring full compliance with the RT1 platform.
Commerzbank Processes First Live BPO Transaction in Austria
- 8 years 11 months ago
- Banking
Commerzbank has processed the first BPO transactions in Austria, covering the import of bus components from Germany and Italy.
EBA Consults on Fraud Reporting Requirements Under PSD2
- 8 years 11 months ago
- Compliance
The European Banking Authority (EBA) launched today a public consultation on its draft Guidelines on reporting requirements on statistical data on fraud under the revised Payment Services Directive (PSD2).
Dinosaur Merchant Bank Taps InvestCloud Digital Platform for Wealth Management
- 8 years 11 months ago
- Wealth Management
InvestCloud Inc., a global FinTech firm, has been appointed by Dinosaur Merchant Bank Ltd. to provide the new digital platform for the Bank’s European and Latin American wealth management customers. The Bank will be using InvestCloud’s flagship client portal solution, Blue.
Bpm’online recognized as a Strong Performer for its Sales Force Automation offering by independent research firm
- 8 years 11 months ago
- BPM, CRM
The report notes that “bpm’online provides solid core persona support”
WITH JIFFY, INSTANT PAYMENTS VIA SMARTPHONE AT STORES
- 8 years 11 months ago
- Payments
Jiffy, the service developed by SIA to send and receive money in real time from one’s smartphone using the mobile number, arrives in retail outlets. Indeed, following on from Person to Person (P2P) payments, the Person to Business (P2B) phase has begun in the cities of Milan, Rome and Turin, enabling users to pay via app instantly and in total security at over 150 outlets that have signed up with Intesa Sanpaolo.
Dubai Building Blocks to Blockchain Technology in the Banking Industry
- 8 years 11 months ago
- Blockchain, Banking
From finance to real estate to healthcare, blockchain technology is a major talking point in industry circles today. This prospective revolution of a technology is advantageous for your business and undeniably provides a competitive edge over others in your industry.
Financial crime professionals believe that increased personal liability has been good for the UK financial services industry
- 8 years 11 months ago
- Risk Management
The Senior Managers Regime (SMR) has already had a positive impact on the financial services sector, despite making the day-to-day jobs of compliance staff more difficult, according to senior UK financial crime professionals polled by LexisNexis® Risk Solutions. The survey of nearly 200 professionals shows that 71% of respondents believe the SMR has had a positive effect on the industry.
ID Finance and Da Vinci Capital launch $200m fintech fund
- 8 years 11 months ago
- FinTech StartUps
ID Finance, the emerging markets fintech company, has joined forces with former Elbrus Capital fund manager Yuri Popov and asset management company Da Vinci Capital to launch FinTech Credit Fund, a $200m debt finance fund aimed at financial technology companies with a focus on alternative lending.
