COVID-19: will fintechs crash, survive or get bought?
The fintech industry is no stranger to a crisis. The financial crash in 2008 gave rise to fintech darlings such as Funding Circle, Seeders and TransferWise; and over the last
The fintech industry is no stranger to a crisis. The financial crash in 2008 gave rise to fintech darlings such as Funding Circle, Seeders and TransferWise; and over the last
Starling Bank is the only challenger bank to record more app downloads in May than the year before, thanks to a tv ad starring a shed and lockdown loans for
Opinion: Going cashless might be convenient for many, but for others, it risks causing misery. The COVID-19 pandemic has become a catalyst for change, with what we once considered ‘normal’
60 per cent growth in the number of Barclaycard customers who have gradually returned to trading and taking payments last week, compared to the first full week of April 8
The Payments Association, who represent 130+ members from across the payments industry, wishes to thank the CBI for inviting it to contribute to its research into Economic Stimulus policies to
Launch of unique individual sort codes and account numbers for all Mode users, powered by Modulr. In the upcoming weeks, Mode will roll out EUR accounts, instant and free peer-to-peer
LONDON, England – 7th July 2020: OpenPayd, the API-led Banking-as-a-Service provider, today unveils its banking and payments solution for digital currency businesses. The proposition provides cryptocurrency businesses with access to
European spend management market leader brings card issuance and settlements in-house July 8 2020, London: Spend management platform Soldo today announces that it has extended its partnership with Mastercard®, to
Compass Plus has announced that it has teamed up with AWS to utilise the latest advancements of cloud-based deployment. The vendor of payments software and payments processing services has been
The novel coronavirus outbreak that originated in Wuhan, China, in November of last year has since ignited a global pandemic that could permanently change the way business is conducted.
Not only that but, as with every economic crisis, there will be definitive winners from the aftermath of the economic fallout and these companies will help shape the future of e-Commerce in the USA/EU.
I’m pleased to announce the launch of Fi911 – a new brand from leading dispute technology specialist, Chargebacks911, built in collaboration with some of the world’s largest financial institutions (FIs) and payments processors to remove legacy redundancies.
Differing from its merchant platform, Fi911 specifically supports FIs with automated chargeback management and related activities. So, FIs will benefit from:
• Faster chargeback dispute resolutions
• AI-driven merchant onboarding, post-transaction monitoring, lifecycle management and reconciliation services
• Customizable tools catered to customers’ needs which can be reconfigured in real-time
• The ability to manage and engage their entire ecosystem
• Cost savings
• Increased insight
• Resolved chargeback pain-points
By enabling acquirers with more intelligent tools, more data connections, and more flexibility, Fi911 hopes for stronger decision-making and more proactive action to be taken to stop the growth of chargebacks.
Trust Payments Ltd, the global unified payments group for global pay-in, pay-out and customer journey technologies has today announced double digit growth in its 2019 statutory accounts.
Payments, Payments, Payments newsletter providing informed insights into the UK’s payment landscape – read, subscribe and share at: www.northeypoint.substack.com/welcome
Contis hires Businesswoman of the Year, Lara Oyesanya, as General Counsel & Chief Risk Officer.
Cybertonica CEO and Co-Founder Joshua Bower-Saul along with Tony Craddock of The Payments Association discussed the Impact of COVID-19 on Payments Security at Payment Systems Regulation and Innovation Online Conference on June 4th, 2020.
Hosted by City & Financial Global, Payment Systems Regulation and Innovation Online Conference focused on all aspects of payments innovations, including regulatory framework, in the context of the new challenges brought on by the current global crisis.
Issues covered in the event include:
– Reducing the risk of fraud and cyber risk with and within the next generation of payments security
– Shaping and re-shaping the payment industry: privacy, data access and regulatory considerations
Cybertonica, a leading risk and fraud management platform using advanced data science techniques to meet the challenges in payments and fintech of risk, AML, compliance and fraud detection, today announced a partnership with Extra Loyalty, the award-winning Turkish loyalty and wallet platform specialised in end-to-end customised loyalty programmes and mobile technologies.
Be at the forefront of the digital revolution
By the time the world recovers from the aftermath of COVID-19, banking institutions would have seen a vast transformation in their systems, processes, and customer relationships. New future-ready, digital banking solutions will offer as secure, as easy, and as welcoming customer experiences as the brick-and-mortar ones provide. At Maveric, we help banks accelerate their transformation initiatives by integrating domain, UX design, technology, strategy, and execution. We have been enabling banks to achieve their customer satisfaction goals and accelerate their digitization journeys with modern technology solutions. A calculated and well-thought plan and collaboration with the right fintech solution providers will help get you ready for this dynamic and ever-evolving journey of going digital and help you to rise above such extreme situations, now as well as in the future.
In this blog, fscom Senior Manager Colin Sloan outlines the application process for priority cryptoasset registration.
In this blog, fscom’s Alison Donnelly comments on the FCA’s increased focus on winddown plans.
Join fscom’s Alison Donnelly and Carol Rossborough of ESTHER for the second in our series of EWPN Ireland Virtual Meetups.
Register here… https://www.eventbrite.co.uk/e/ewpn-ireland-virtual-meetup-tickets-111801617648
Judopay, a leading mobile-first payments provider, today announced that it has partnered with Thyngs, the physical-digital marketing specialist, to offer touch-free cashless payment solutions to businesses across the hospitality sector that are reopening from 4th July. At the same time, the partnership will offer charities another way of accepting cash-free donations, both during and after the pandemic.
The future is coming at us a lot more quickly than anyone anticipated. In light of the novel coronavirus and the pandemic it caused, keeping up with the technological advancement seems to be a top priority in most industries.
While many market analysts fingered digital banking as the wave of the future, nearly everyone is shocked at how fast these trends have accelerated in the past couple of months.
As of 1st July 2020, the Aston Lark Financial Institutions team will join the Protean Risk brand, making the combined team one of the largest dedicated brokers servicing UK and European financial services firms.
Protean Risk was acquired by Aston Lark and joined the wider group in November 2019. Protean Risk was the first acquisition that was completed for Aston Lark following Goldman Sachs’ investment in the company in September 2019.
The decision to combine the two teams under the Protean brand was due to its position as a market-leading specialist in the sector and to strengthen its offering to clients. Since its founding in 2008, Protean Risk has offered a breadth of knowledge and experience to its clients, as well as a high level of personal service. Since 2016, Protean Risk has held the coveted status of Lloyd’s of London Broker, which has entitled them to transact business in, and directly access the Lloyd’s of London market.
Globalisation is an opportunity for businesses of all sizes around the world, but traditional banking continues to favour large corporations, at the expense of SMEs.
Mike Laven says of the partnership with Ripple, “Ripple’s solution will help us to extend our network to new parts of the world, removing more barriers to payments for our clients.”
Contis launches ‘Carer Banking’ – a new product allowing banks and fintechs to support their vulnerable customers continuing to shield due to Covid-19.
Opinion blog by Peter Cox, CEO and Founder of Contis Group. Analysis on the impact of Covid-19 and Wirecard on the payments industry, and what it’ll take for companies to survive.
Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met.
During RSA Conference 2020, Yubico interview Guido Ronchetti, XTN’s CTO, about the challenges related to PSD2 and open banking.
Banks are shutting down tens of thousands of accounts every year due to suspected fraud; on average, Santander closes down 24,000 accounts each year, and just under half of all those are suspected mule accounts – a huge proportion.
When we’re on the subject of malware and cyber attacks, we usually focus our attention on cybercrime as a totally unknown, uniform entity. Nevertheless, cybersecurity specialists, such as buguroo’s team, are always mindful not only of the codes used to develop computer viruses, but also of the processes adopted to implement campaigns and the targets they were aimed at. It is these three elements that provide a lot of clues as to who may be behind them.
New account fraud, also known as Account Opening Fraud or Online Account Origination Fraud, is when fraudsters use stolen or synthetic identities to open new bank accounts, with a view to maxing out their credit limits before disappearing into thin air, usually within 90 days.
Xwebinar is an on-demand webinar series focused on cyber threats and fraud topics. This episode talks about one of the most common threats: Account Takeover also knows as ATO.
For the second consecutive year, XTN is listed as Representative Vendor in Gartner’s Market Guide for Online Fraud Detection.
The Summer of Payments series brings you everything you’d ever want to know about UK, EU & card payment schemes as well as the latest and greatest in payments technology in five 30 minute entertaining doses.
CoinPayments, the world’s leading cryptocurrency payments processor, today announced its newly formed partnership with the The Payments Association, a global organization focused on connecting the payments ecosystem and encouraging innovation across the industry.
With the EU predicting a recession of ‘historic proportions’ this year, how will this impact the growth of digital banks in Europe? Where are the opportunities and challenges moving forward?
An insightful webinar session hosted by OpenPayd that focussed on overcoming banking and payments challenges for digital asset businesses. Businesses dealing with digital assets have always been faced with significant
Newport, South Wales – 21st May 2020 – W2, the leading provider of real-time digital solutions for global regulatory compliance, announced today that it has joined forces with neobanking group
Payments Association publishes new guidance on digital identification and authentication to help tackle financial crime New report focuses on how the payments industry can keep safe from financial threats London,
Payments Association publishes collaborative report to debate payments regulation ahead of PSD3 London, United Kingdom – 12th March 2020 – The The Payments Association, which celebrates collaboration and innovation within
Payments Association announces new report on the future global potential of Open Banking New report aims to be a ‘rallying cry’ to the payments industry London, United Kingdom – 28th
This webinar discusses why open banking is the transformation the payments industry has been waiting for, the potential barriers it faces along the way and what we can all do
Banking Circle study of online SME merchants reveals banking gaps that Payments businesses can fill www.bankingcircle.com London, 27th May 2020 – Europe-wide research commissioned by innovative financial infrastructure provider Banking
Prasos Oy., a Finland-based firm offering cryptocurrency brokerage and exchange services in the EU, has selected Lerex Technology as a key partner for payment solutions. Richard Ney, CEO of Lerex
Free contactless payment ring giveaway for NHS staff Payment providers, Moorwand and K Wearables, have today announced a giveaway of 300 K Rings for NHS staff as a show of
Token Pay™ integrated to enable new suite of innovative payment services that enhance user experience (UX) and lower transaction costs 19 May 2020 – Leading open banking infrastructure provider, Token.io,
Welwyn Garden City, 22 May 2020: PayPoint has today announced that more than 250,000 vouchers for disadvantaged people – collectively worth over £8.5 million – have been redeemed through its
Leading payment experts partner with Form3 to offer UK and European customers real-time payment London, January – PPS, formerly PrePay Solutions, and subsidiary of Edenred, the global leader in payment solutions
Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.
We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.
Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.
Please click the button below which relates to the issue you’re having.
Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association
Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.
For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.
The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.
Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.
Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.
For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.