The adoption of ISO20022 is at the core of a major transformation across the payments industry- find out how Barclays is supporting customers getting ready for it, and the key benefits of the adoption.
EML’s New FINLAB Incubator Will Immediately Benefit Two Disruptive Tech Brands.
PPS, formerly PrePay Solutions and subsidiary of Edenred, has announced that it is powering the first card created by Yolt, the smart money app, following the companies recent launch of its contactless debit Mastercard. This partnership was formed thanks to PPS’ years of experience powering payments cards and Yolt’s desire to expand beyond the confines of the digital space and into the physical one.
Despite having registered over two million users in the UK, Open Banking is still failing to meet its objectives of creating a more competitive retail banking landscape. Moorwand CCO Luc Gueriane and David Monty, Founder of Tell.Money, speak to Bobsguide.
As #emerchants face high market volume and volatility, they will benefit from setting a North Star to focus on customer experience while effectively managing #fraud and #transaction risk. At Cybertonica, we create solutions on our SaaS/PaaS platform to make trust and frictionless commerce safe and secure for businesses and consumers. We know that outdated rules and operations can create almost Kafka-like situations. This happens through false positives and inappropriate rule-action that make consumers unhappy and businesses less profitable. We decided to collect stories from colleagues, friends and people in our network, including our customers and their clients, telling us how their e-commerce experience is going in this period. What we found was that there are both nightmares and nice surprises, but the payment experience is still far from perfect.
The Payments Association challenges the Government’s changes to the payments landscape, alongside its recommendations London, United Kingdom. 21st October 2020: The The Payments Association, which promotes collaboration and innovation across
What is the future of authentication? Many solutions have appeared in the past two decades since online sales and payments were born to secure and verify both the ability to make a payment and user’s identity. In this article, ‘Authentication, Privacy and Our Digital Future’, Cybertonica discuss the history of authentication, the ways in which a users personal data is leveraged, and how behavioural biometrics can offer secure, frictionless authentication experiences while maintaining user privacy.
Currencycloud, the leader in providing B2B embedded cross-border solutions, and Tribe Payments, a tech company dedicated to deliver the future of payments technology across the ecosystem, have partnered to deliver complete transparency to foreign exchange costs charged on international card transactions, whilst also giving customers access to multi-currency wallets.
A panel of industry experts has selected Banking Circle’s SME lending initiative, delivered by Cardstream, as winner of the 2020 Tech Ascension FinTech Award for Most Innovative FinTech Solution.
Global Processing Services Continues International Growth with Visa Investment
Information gathering
Establish a bond with the victim
Exploit the bond
– It’s hard for us to say “no”
– We are trusting
– We like to be taken into consideration
– We are empathetic
Why do we need continuous authentication?
Current ID checks not stringent enough
What is continuous authentication?
A frictionless user experience
Continuous authentication: dynamic fraud prevention that leaves the user uninterrupted
The Konsentus Third Party Provider Open Banking tracker reports on the number of newly regulated Third Party providers being approved to provide services both in their Home jurisdiction and in other countries across the EEA. Our Q3 Tracker reports on the growth of newly regulated TPPs from 30th June 2020 to 30th September 2020.
Fredrik Neumann, Kathy Heath, and Clare Haskins have joined Konsentus in senior leadership roles as Financial Institutions across the EEA embrace Open Banking.
Wayne Mckenzie appointed Head of Business Development by xpate, bringing over 14 years of payments expertise to the up-and-coming fintech
Blue Train Marketing launches new website!
After a few months of hard work and dedication, we are excited to announce the launch of our all-new website https://bluetrain.co.uk/!
Invite to New Economics of Banking Webinar
Mental health problems can affect anyone at any time. Which is why it’s so important to nurture a culture where your mental health comes first.
For #WorldMentalHealthDay Contis launched a week of activities to boost wellbeing and raise money for Mind Charity.
Vizolution and W2 have announced they have formed a strategic partnership to integrate W2’s range of customer due diligence solutions into Vizolution’s customer experience technology suite.
Even though it is hard to put a figure on the potential scale of virtual currency misuse, given the size of the market, it is no real surprise over the concern that unregulated systems could offer the anonymity needed for criminals to use virtual assets to launder their profits. At that point, regulators were duty bound to step in and the EU’s Fifth Money Laundering Directive (5MLD) now means that virtual currency exchanges and custodian wallet providers are subject to the same regulatory requirements as other financial services covered by the preceding 4th directive.
Three in four shoppers (76%) admit local high streets need support while four in five (80%) are shopping with local small businesses as much or more frequently since lockdown lifted, both in person and online
Despite this support, the next three months are crucial to the survival of two fifths (42%) of small businesses
Visa has partnered with grassroots initiative Totally Locally to sponsor Fiver Fest from 10th – 24th October and together they are calling on consumers to divert £5 of their weekly spend to support local businesses in store or online
Small businesses undoubtedly play a significant role in communities across Ireland but they have also been some of the hardest hit by the negative impact of Covid-19. Insights from the “Visa Back to Business” study have revealed that almost 1 in 5 Irish small to medium enterprises (SMEs) believe that their future viability is at risk due to the commercial impact of COVID-19. Despite these concerns, the study also revealed that consumers across Ireland do really value independent businesses in their community with 63%1 of consumers admitting to wanting to support small businesses.
RegTech specialists launch Kompli-Outsource™ to help regulated entities complete comprehensive customer onboarding
No Badge? No Problem.
Join us at our 3D stand for a virtually replicated tradeshow experience with swag, info and more – but from the comfort of your own seat.
26.10.20 – 29.10.20.
Coming soon: We’re arranging a star-studded line up of industry greats, we’re concocting carefully crafted content and we’re sourcing superb swag.
For one afternoon only, receive a generous dose of high value payments entertainment. For CTOs, COOs, CFOs, Product Managers. If you like payments, this is what you should be doing on an early December afternoon.
No decks. No awful webinar platforms. Just pure payments discussion. The theme this year: Where’s the hidden cost in payments?
Eversheds Sutherland’s banking and finance team has appointed Ian Tetsill as Head of Debt Finance Strategy.
ISO 20022 is the globally accepted format that improves the quality and structure of financial messages, provides rich data with each transaction, enabling everything from enhanced analytics to status tracking, sanction checking and automated invoice reconciliation – all whilst delivering an improved experience for end customers.
However, many banks and financial institutions have underestimated the complexity of the necessary changes of the migration as the transition isn’t just a simple upgrade of process. Existing infrastructure and legacy systems are not sophisticated enough to deal with the speed of integration and transition required.
Read this article to find out more
In this blog we discuss how Indirect Agency represents a real opportunity for previously excluded financial institutions. By offering real-time payments without compromising on speed, spend, performance and resources, it builds their customer base and challenges traditional players in the market. Making real-time payments accessible to everyone increases competition. It allows smaller banks and companies to enjoy the 24×7 faster payment rails for account-to-account payments. This access is made possible by using API Connectivity, which enables all users to send and receive money instantly through any digital channel.
Fraudsters have the upper hand
How to break the cycle
An innovative lending solution from financial infrastructure provider, Banking Circle, has been named as a finalist in the 2020 Credit Awards category for Best Use of Technology – SME Lender.
Two technology leaders join forces: Giesecke+Devrient invests in Netcetera
Join a webinar of The Payments Association EU on the recent EU initiatives in Digital Finance
The COVID-19 pandemic has had a profound impact on all areas of society. The virulent nature of the disease has led to many changes in our daily lives and the payments industry has not been immune to the need for transformation.
Payments AssociationM’s latest Consumer Banking research uncovered five audience segments based on key behaviour patterns and summarises the motivations, attitudes, needs and expectations for each segmen.t These research insights will help the banking industry better understand the evolving needs of their customers and how to better serve them.
Financial technology (fintech) has been visibly evolving in front of our eyes ever since banks went online. With an increasingly cashless society, apps and platforms have been created to help us better understand and manage our finances, while new banks have been created that offer us a slicker experience.
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Have you ever wondered what makes a bank a 21st century bank? A small hint; it isn’t the ginormous rigid and extremely expensive mainframes, it isn’t the systems that have to shut down every night for maintenance, and it definitely isn’t the glued-by-hope hollowed out cores.
The list can go on and on. What a good 21st century bank needs is security, scalability, flexibility, availability, and adaptability. So, where do you get it all, nicely packed and with a bow on top at a low cost?
At Cybertonica we Trust in Transaction. We make systems to make trust and frictionless commerce safe and secure for businesses and consumers. We know that outdated rules and operations occasionally introduce almost Kafka-like situations and thought it would help us to see the end customer and merchant point of view.
So we decided to collect stories from the people in our network and customers as well as their clients telling us how their e-commerce is going in this period – both the nightmares and the nice surprises.
We asked them to tell us about their online shopping experiences during the lockdown to paint a vivid picture for the merchants. From surprise champagne deliveries to account takeovers, we have some good stories lined up for you!
Today, PPS is announcing its partnership with France-based payment expert and card provider for teenagers, Vybe.
Due to the systems in place across France when it comes to banking and owning your own account, around five million teenagers (between 13 to 18 years old) have been left with no access to financial services.
This is a problem that Vybe aims to solve and is working with PPS to make it happen, thanks to the company’s well-tested technology infrastructure and PPS-powered Mastercard virtual cards.
Press release regarding Ordo Accounts package integration & Codat
It is expected that the volume of #InternationalPayments will grow in the upcoming years. However, those #FinancialInstitutions that do not adapt to the changes in the current landscape may miss this opportunity against the big players. How to be prepared? Our Karen Penney, VP of Payment Products, shares her views.
With the financial pressures from COVID-19 still unclear for many, new research commissioned by payments provider, PayPoint, throws the spotlight on small adjustments landlords and lettings agencies could make to help tenants manage their finances during this uncertainty and beyond.
Judopay, a leading mobile-first payments provider, today announces its partnership with Mastercard, which will further increase Judopay’s network with a direct route to Mastercard’s Payment Gateway Services global acquiring ecosystem.
Entersekt, a leader in device identity and omnichannel authentication, has announced a strategic partnership with ndgit, a Munich-headquartered open banking platform provider. The agreement makes Entersekt’s state-of-the-art strong customer authentication and smart messaging solutions available on the ndgit Marketplace, where financial services providers can access a carefully curated set of fintech products in a secure hosting environment.
IDEMIA launches its Global Fintech Accelerator Card Program to support FinTechs and neobanks in their card issuance process.
Entersekt, a leader in device identity and omnichannel authentication, today announced a partnership with NuData Security, a Mastercard company. This agreement allows the fintech to tightly integrate NuData’s behavioral analytics solution NuDetect with the Entersekt Secure Platform.
For Good Causes clients are taking the fight back to COVID-19, with an alternative approach to celebrating Christmas 2020.
Steve Wilks describes a campaign that means companies can feel good about Christmas, and feel good about helping others feel better about it too.
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