Interview with the CEO of Accomplish Financial, Guy el Khoury Director General of the The Payments Association Tony Craddock speaks with Guy Raymond El Khoury, CEO of Accomplish Financial, a
Cashless payments were on the rise way before the pandemic. However, COVID-19 has forced consumers to abandon notes and coins in favour of mobile and contactless card payments. Recently, Nationwide revealed that, in a poll of 2,000 Brits, more than a quarter have gone two or more months without using cash. In addition, the usage of ATMs has seen an unprecedented drop of nearly 80% in some countries.
Although the pandemic may not be the final nail in the cash-coffin, the vast majority of payments are now digital – whether face-to-face or online. And while this is great for digital payment providers (and the taxman), merchants must now ensure their business models and payment methods are in line with consumers’ cashless expectations.
After uncovering a range of issues during recent visits to over 100 e-Money and payments institutions, the FCA published its latest ‘Dear CEO’ letter. The letter ended with a stern warning – “we will act swiftly and decisively if you fail to meet our expectations” – but what are some of the key areas raised and what do they mean for EMIs and PIs?
Blue Train’s Jeff Banks joined Gert Scholts, from The Best Sales Coach, for a chat on the success that can be achieved when Sales and Marketing teams work together in fintech collaboration.
Blue Train Marketing is very excited to be shortlisted in the Payments Association Awards for Marketing Campaign of the Year with Fintech Finance.
We are pleased to announce that we are now 1 of 7 non-banks to have secured an e-money license from the Dutch Central Bank.
Mike Laven says of the recent news, “Covid-19 has accelerated the rush towards digital payments and Europe represents a tremendous opportunity for Currencycloud. The Netherlands possesses the perfect blend of factors to support our expansion in the EU…”
Last year the pilot programme for our newest offering, Currencycloud Spark went live.
Over 30 Fintechs around the world, including Starling Bank, Remitr and TranSwap , signed up to benefit from the functionality, which gives businesses and their customers – the ability to receive, store funds and make payments in more than 30+ different currencies, almost anywhere in the world.
We’re pleased to now announce the wider rollout of Currencycloud Spark, our multi-currency wallet infrastructure!
The coronavirus pandemic – which has hit the big metaphorical ‘pause’ button on the world – has seen routines upended, travelling coming to a grinding halt in order to curb the spread of the virus, and the world of work flipped on its head.
With governments around the world advising or mandating that people remain at home, commutes to the office have gone from a 90-minute balancing act on a crowded train amongst throngs of commuters, to a 10-minute shuffle from the bed to the kitchen table.
So how has GPS helped our staff navigate this strange “new normal” and what lessons might there be for the future?
Trust Payments has established a new UK operations hub in Harrogate, with the opening of a new office on Station Parade which will create 10-15 new jobs in Harrogate by the end of the year.
Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies today announced it has acquired Mobilize Systems, a UK based engagement and mobile loyalty platform serving the retail and hospitality sectors.
Mobilize provides seamless, data-rich services to merchants looking to capture and expand customer engagement and loyalty programmes, primarily in the mobile space. The acquisition will enable Trust Payments to combine behavioral analytics with transactional data to offer enhanced product journeys for customers, improved payment options, and better insight for businesses.
Payments Giant EML is Creating a Better Tomorrow Through its Commitment to Reducing the Use of Plastic Cards in the Communities it Serves Worldwide by 50%.
xpate, a fintech services platform for both retail and business customers, launches xPP [xpate Partnership Program] to emphasize its major commitment to grow through and with its partners. xPP makes it fast and simple to refer businesses that will get access to a global payments platform along with the opportunity to expand their operations with value added services, local payment and wire transfer options across the globe.
The COVID-19 pandemic and the expected economic downturn will definitely shape the global fintech landscape. The fintech scene in Hungary is still in its early days but it has been growing rapidly over the last few years. We hopped on a Zoom call with some of them to learn how they deal with the current situation and hear their thoughts and predictions about the upcoming trends, challenges, and potential opportunities.
COVID-19 continues to spread rapidly and the economic crisis escalates globally every day in the face of the pandemic. The humanitarian cost and stress on health systems and infrastructure induces fear and uncertainty, affecting lives and livelihoods on a daily basis. One area of great significance is the threat of illiquidity among partners and cashflow crises that damage or destroy once stable businesses. Cybertonica is building a new feature for Acquirers that predicts cash flow impacts and liquidity problems Merchants may face so that the payments operator can react appropriately, maybe vary conditions or seek to terminate a relationship if there is a risk of bankruptcy or fraud.
At Cybertonica, we believe that the success of our business depends on our diverse and multinational teams. We decided consciously focus on building both a more diverse management team and engineering group back in 2016.
Recently we’ve been lucky to be able to grow our team and bring nine new people aboard. Cybertonica now comprises 12 nationalities and more than 40% of our workforce are women. We’re pleased with the progress that we’ve made since the start of our business and want to thank all our partners and supporters!
In this blog post we tell our journey towards the gender parity in our organisation and compare it to the fintech industry average.
Konsentus partners with Open Vector
Press release announcing Konsentus partnering with Open Banking API provider Ozone
Since the pandemic has started, cash is considered filthy, and it is capable of transmitting disease. Online Payments mitigate against the risk of disease transfer, but also open up new threats and vulnerabilities.
XTN mentioned in the AITE’s report “The Digital Channel Under Attack”
Privat3Money (P3) a UK E-Money Institution who offers global citizens and corporates an intuitive digital platform to manage their financial needs, has selected Vilnius (Lithuania) based FintechLab to power its core payments platform and mobile app.
As brick-and-mortar firms come under increasing market pressure, eCommerce business models are starting to appeal to a larger segment of the global population and it is so for solid reasons. For one, they’re not only more nimble and agile firms when it comes to meeting customer demands and adapting to the market but also they are the first to take advantage of the latest innovations in B2B eCommerce solutions like virtual IBANs.
~70% of consumers have considered switching to technology-led banking products. Whether you’re an incumbent or a challenger how do you stack up against cutting edge technology and design? Well that’s where our new 5-week audio/eBook series comes in – sign up today to learn How to Build a Better Bank.
Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies has announced it has partnered with SPOKO (previously known as Pay Ukraine) to enable it to offer its money transfer service to customers in Poland. The collaboration provides a powerful, convenient multi-currency payment solution targeted toward SPOKO’s target customer base of immigrants in Poland, which has recently passed the 100,000-user milestone.
Banking Circle, the innovative financial infrastructure provider, has enhanced the tools available to Payments businesses for their marketplace customers. Payments businesses can now offer their marketplace sellers virtual IBANs to collect the proceeds of their online Amazon store in the United States.
Banking Circle, provider of financial infrastructure for Payments businesses and Banks, has won another award for its innovative SME lending solutions.
Banking Circle, the ground-breaking financial infrastructure provider, has added Polish Zloty (PLN) to its local currency payout capabilities. Payments businesses working with Banking Circle can now provide their merchant customers with same day settlement for payments to Poland in Polish Zloty via the local payment network, eliminating the need to use the SWIFT network and, therefore, ensuring the end party receives the full amount.
Join Dave Birch and colleagues from Consult Hyperion for a weekly snapshot on transaction technology and the issues our industry is facing. Every Thursday at 4 PM BST/11 AM EDT.
Join us as we interview CEO of Ordo, Craig Tillotson, about their digital journey to disrupt the market. We’ll ask questions about Ordo’s product development, delivery approach and how COVID-19 impacted their plans.
GPS technology powers sync.’s card payments, enabling it to launch a smart payment service app that allows users to consolidate their financial accounts in one place.
Allstar Business Solutions is pleased to announce its latest webinar: ‘Fuel Market Monitor Webinar – After Covid oil price crash: what’s next for fleets’.
Taking place on Tuesday 21st July at 10am BST, the session will examine one of the most dramatic periods of the past few decades, and how the seismic impact of Covid-19 has reshaped the fuel and fleet landscape for the foreseeable future.
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