72% of Merchants Report Increase in Chargebacks, Leading to Higher Prices for Consumers
- 1 month 2 weeks ago
- Payments
Chargebacks911, the global chargeback technology leader, has found that 72% of merchants have experienced an increase in chargebacks over the past three years, with many businesses raising prices to offset the growing costs. These recently released findings come as the payments industry grapples with the fact that illegitimate disputes by cardholders through card-not-present (CNP) transactions are outpacing the growth of eCommerce sales.
Swift, UBS Asset Management, and Chainlink Successfully Complete Innovative Pilot to Bridge Tokenized Assets with Existing Payment Systems
- 1 month 2 weeks ago
- Asset Management
Swift, UBS Asset Management, and Chainlink have successfully completed a pilot for settling tokenized fund subscriptions and redemptions using the Swift network. This initiative would enable digital assets transactions to settle with fiat payment systems across more than 11,500 financial institutions, across over 200 countries and territories.
Bluecode Introduces Contactless NFC Payments Alongside Existing Barcode and QR Code Technology
- 1 month 2 weeks ago
- Payments
Bluecode introduces NFC (Near Field Communication) for iOS and Android devices, as access to the NFC interface on iOS devices is now available.
Unity Trust Bank Appoints New Head of Financial Crime
- 1 month 2 weeks ago
- People Moves
Unity Trust Bank has appointed Keith Finson as Head of Financial Crime as part of its commitment to keep customers safe from fraud.
Bitget Launches $100K Funding Program at DevCon 24 to Support Women-Led Blockchain Startups
- 1 month 2 weeks ago
- Blockchain
Bitget, the leading cryptocurrency exchange, and Web3 company, has launched “Pitch n Slay,” a special initiative under its Blockchain4Her program organized to provide exposure for female entrepreneurs in the blockchain space. Building on Bitget’s larger $10 million Blockchain4Her project, the program extends targeted support to promising women-led startups by offering them a chance to secure up to $100,000 in funding by Foresight Ventures.
OpenOrigins Expands Globally with $4.5M in Funding Led by Galaxy to Scale Its Media Authenticity Platform to Restore Trust in Visual Content
- 1 month 2 weeks ago
- Fundraising News
OpenOrigins, the company founded to protect content authenticity through its provenance focused blockchain, has expanded globally with a $4.5 million seed investment led by Galaxy Interactive with participation from Galaxy Ventures and existing investor Unbound, a global investment firm led by Shravin Bharti Mittal. During the past year, OpenOrigins grew quickly signing major partnerships
FIS Appoints Kourtney Gibson to the Board of Directors
- 1 month 2 weeks ago
- People Moves
Global financial technology leader FIS® today announced the appointment of Kourtney Gibson to its Board of Directors (the “Board”). Her appointment increases the size of the Board from nine to ten directors, nine of whom, including Ms. Gibson, are independent.
Nium and HyperGuest Join Forces to Streamline Payments for the Travel and Hospitality Industry
- 1 month 2 weeks ago
- Payments
Nium, the leading global infrastructure for real-time cross-border payments, today announced a strategic partnership with HyperGuest, a premier B2B marketplace for the travel and hospitality industry.
TerraPay and Suyool Join Forces to Enable Instant and Secure Money Transfers to Anyone in Lebanon
- 1 month 2 weeks ago
- Money Transfers
In a significant step towards enhancing financial accessibility in Lebanon, TerraPay, a global money movement company, has partnered with Suyool, a licensed financial ecosystem regulated by Banque du Liban. This collaboration is set to transform how Lebanese residents send and receive money, addressing the pressing demand for fast, secure, and convenient remittance services.
Mastercard Launches Pay Local, Enabling Asia’s Digital Wallet Providers to Process Card Payments from More Than 2 Billion Mastercard Cardholders
- 1 month 2 weeks ago
- Payments
Mastercard today introduced Mastercard Pay Local, a global service that makes it easy for consumers to make card payments to merchants using local digital wallets. With Mastercard Pay Local, resident cardholders or international travelers can easily link their credit or debit cards to a digital wallet and immediately shop at participating merchants, without needing to set up or top up a prepaid account.
Klarna Now Available at John Lewis & Partners
- 1 month 2 weeks ago
- Payments
Klarna, the AI powered global payments network and shopping assistant, and John Lewis & Partners have partnered to bring Klarna to JohnLewis.com and the John Lewis app. John Lewis’ customers can now choose to check out with Klarna’s interest-free Pay in 3 product allowing shoppers to spread the cost of their purchases over 60 days. The first payment is made at the time of purchase, followed by two subsequent payments at 30-day intervals.
payabl. Appoints Marios Tsiailis as New Group Chief Financial Officer
- 1 month 2 weeks ago
- People Moves
payabl., one of Europe’s financial services providers, today announced that it has appointed Marios Tsiailis as its new Group CFO. With a strong track record in professional services, where he excelled in corporate finance and strategic planning, Marios steps into this role to drive initiatives aimed at optimising payabl.’s financial framework and fostering sustainable growth.
Plumery Partners with Payment Components to Modernise Global Financial Institutions
- 1 month 2 weeks ago
- Payments
Plumery, a digital banking experience platform for true customer-centric banking, today announced a new partnership with Payment Components, a leader in payments and open banking solutions. By decoupling digital experience and payment processes from legacy systems, institutions can now innovate more flexibly and efficiently, streamlining operations while maintaining their existing core banking frameworks.
MeaWallet Introduces New Features to Support Click to Pay, Enabling Safer, Faster Online Shopping
- 1 month 2 weeks ago
- Payments
MeaWallet, a leading digital payments enabler specialising in card tokenization, today announced several updates to its products in support of Click to Pay. The Click to Pay payment method is designed to deliver a seamless and secure online payment experience, enhancing both convenience and speed for consumers and merchants.
iProov and Biometrid Partner to Deliver Secure and Seamless Digital Identity Verification in Portugal and Key International Regions
- 1 month 2 weeks ago
- Digital Identity
iProov, a science-based biometric identity solutions provider, and Biometrid, Portugal’s market leader in digital identity verification, today announced a strategic partnership to deliver secure and user-friendly digital identity verification solutions across Portugal and other key international regions.
