General

Banking Circle, the tech-led B2B Payments Bank, has further simplified B2B payments by adding Dynamic Sender Name to the suite of solutions available to Payments businesses. Delivering a consultative approach to ensure Payments businesses have access to the best payment solution for each customer use case, the addition of Dynamic Sender Name complements the other payment methods already available from Banking Circle.

The Office of Financial Services Implementation (OFSI) has published an updated version of its enforcement and monetary penalty guidance which comes into force on 15th June 2022.

JMMB partners with Stanchion to deliver innovative payments solutions to its customers across Jamaica, Trinidad and Tobago, and the Dominican Republic

FLEETCOR®, parent company of the UK’s leading fuel and electric vehicle (EV) management company, Allstar Business Solutions, today announces the appointment of Tom Rowlands as Managing Director of Global EV Solutions.

Now heading up FLEETCOR’s EV product solutions globally, Tom will focus expanding the company’s EV footprint, strategically rolling out the company’s market-leading EV products and services that will help fleets manage the transition to EV.

payabl. appoints Cyprus Country Manager in line with company growth and portfolio diversification aspirations.

• Customers will benefit from an enhanced card acquiring service at launch, and an alternative payment method (APM) aggregation service throughout Europe later this year.
• For customers, this means getting all services related to acquiring – from accepting card payments or APMs to receiving money from a single source, as well as access to 100+ payment methods, including mobile and patented phone-based payment solutions.
• As a result, administrative efforts will be reduced to a minimum, and customers will benefit from greater flexibility and less friction in the payment process.
• The new joint solution will give customers access to acquiring service for greater flexibility and less friction in the payment process.

Building on the success of its first sustainable stand in 2021, a recycled and recyclable stand has been designed for the Banking Circle ecosystem at Money20/20 Europe. Featuring every part of the ecosystem – Banking Circle S.A., YouLend, Biller, SEPAexpress and B4B Payments, every element of the stand, except the lighting feature, has been created using recycled materials.

See how banks are collaborating and using Fintech partnerships to innovate and build new digital capabilities to ensure a great customer experience.

Enfuce has created a new platform for existing and prospective customers to manage back-office operations and test new ideas for their card base. As a part of Enfuce’s turnkey solution Card as a Service, MyEnfuce makes it easy for Enfuce customers to start their card product and create value quickly. 

Orenda Finance is always looking for ways to improve customer experience, which is why they’re thrilled to announce that they are continuing to expand Orenda’s thriving marketplace with yet another exciting partnership. Already trusted by over 1000 clients, Sumsub has partnered with Orenda as a KYC/KYB vendor to support the quick and seamless onboarding of end customers onto Orenda client’s programs and platforms.

UK businesses see potential in Travel and Hospitality industry to offer better and more advanced payment systems

ECOMMPAY, a leading international payment service provider and direct bank card acquirer with its own fintech ecosystem for business growth, has appointed Francisco Mainez as its Head of Financial Crimes and Payments Digital Transformation.

More than half of UK businesses (54%) have expressed concerns about payment sanctions following international unrest, according to market research by international payment service provider and direct bank card acquirer ECOMMPAY. The data reveals that 18% of UK business leaders are extremely concerned about ongoing payment sanctions due to international unrest.

• Cameron Cox has been appointed Chief Transformation Officer at Global Processing Services(GPS), the issuer processor behind Revolut, Starling and Curve.

• He was Head of Technology Transformation & Global Chief of Staff at Worldpay and will spearhead global strategic transformation at GPS, taking them through the next phase of accelerated growth.

PPS has signed up to the Banking Framework offered by the Post Office Ltd that allows customers to deposit instantly using their existing Chip&PIN card.
Individuals and small businesses using PPS services can now deposit cash instantly to their accounts at 11,500 post offices across the United Kingdom.

Payment experiences have changed significantly over the last decade as more consumers and merchants expect payments to be made in real time and in their currency of choice.

• Cameron Cox has been appointed Chief Transformation Officer at Global Processing Services(GPS), the issuer processor behind Revolut, Starling and Curve.

• He was Head of Technology Transformation & Global Chief of Staff at Worldpay and will spearhead global strategic transformation at GPS, taking them through the next phase of accelerated growth.

Okay loves to talk about the future of payment security. So why not take a look at how the digital payment and security landscapes of the future are intricately connected, and at how authentication solution providers are indeed a central piece of that puzzle?

Finerio Connect, a Mexican fintech, together with Ozone API and Visa announce their collaboration to support financial institutions in Latin America & the Caribbean to navigate open banking. Collectively, the three companies will offer an end-to-end set of tools and capabilities enabling rapid implementations – according to market readiness and compliance requirements.

May 30, 2022. 2021 has seen a strong rebound post-pandemic in online shopping as the global e-commerce market amounted to 13 Trillion dollars in value that year. Emerging markets such as India, parts of Africa, The Balkans and the Baltics, have gradually become a stronghold for eCommerce businesses. The online sales increase from emerging marketplaces is expected to contribute to 20% of all retail sales in 2022. Local payment methods(LPMs) played a crucial role in supporting the growth of this economic activity by setting a native and stable payment infrastructure to support the demand for online shopping both locally and cross-border.

DECTA, a global payment processing company, announces a new partnership with Zimpler, a Swedish instant payment provider, to enable seamless account-to-account payments and payouts for European businesses.

Thames Technology is thrilled to announce that its Fusion Card will become the first metal card with a dual interface to be manufactured in Europe. Thames Technology, based in the UK, outside of London, has achieved this momentous break-through utilising Amatech IP, the de facto standard technology to dual interface metal cards globally.

Unless you’ve been living off the grid for the last 20 years, you’re well aware that the payment world is growing increasingly digital. So, it’d be logical to assume state-of-the-art technology is the predominant differentiator for payment companies — having the best tech should be the biggest competitive advantage, which implies businesses should heavily invest in R&D.

However, based on consumer reviews, that’s not necessarily the case. Tech matters, but it’s not the biggest factor in the eyes of the consumer.

As emerging technology continues to transform the way businesses and consumers spend their money and manage their finances, the future of banking looks to be bright, innovative and accessible. This article explores how new core banking platforms are innovating the sector.

PPS has made banking more efficient for Post Office customers by deploying a real time solution that allows card holders banking with the Post Office to make instant deposits.

Leading international fintech PR firm SkyParlour has today announced the appointment of Matt Pears to its board as Executive Director and Head of SkyParlour Scale.

This follows significant growth for the firm, which has increased its team by 50% and its revenue by 100% on pre-Covid figures.

Global Processing Services (GPS), a leading global payment technology platform that powers Starling, Revolut and Curve, has today announced the appointment of Jill Docherty as Director, Global Partnerships.

Based in London, Jill sits on GPS’ global executive committee and is responsible for identifying, leading and managing all GPS ecosystem partners, facilitating collaboration to drive innovation and growth for GPS and its customers.

Jill spent fifteen years at Mastercard and Visa where she held a number of senior roles across Business Development, Customer Success, Product and Marketing. Jill also has extensive international experience having lived and worked across three continents, Africa, Asia-Pacific, and Europe.

USDC and USDT are currently the world’s leading stablecoins, with a combined share of more than 80% of the stablecoin market. Both are pegged to $1, but they differ in terms of how they are backed and audited. So which one is better for cross-border settlements?

Banking Circle, the Payments Bank for the new economy is reporting a significant uplift in its performance in 2021 as it continues to help Payments businesses, Banks and Marketplaces access global cross-border payments, accounts and liquidity management that enables their business customers to transact more efficiently both locally and internationally.

This latest funding round and support from General Atlantic is designed to accelerate Modulr’s vision to become a payments infrastructure leader across the UK and Europe and enable any software platform to embed payment capability using Modulr’s modern FinOps hub.

The technology partnership between DECTA and Entrust provides a solution, offering a timely and cost-effective way for banks, credit unions and fintechs to provide cardholders a comprehensive digital card experience from a single technology source.

Often during an acute crisis, people need help urgently. Many financial organisations struggle to launch secure and easily distributed payment methods fast enough. Cash isn’t accepted everywhere, it can be expensive to handle, it can create additional paperwork, and there can be a risk of the money getting into the wrong hands. 

Enfuce’s First Aid Card helps NGOs and other aid organisations in their day-to-day work to support people in need of urgent financial help. It’s fast and safe, and helps to maximise the impact of the aid by giving the organisation full control of how the money can be spent, and by whom. Enfuce takes care of everything else. Enfuce First Aid Card is powered by Visa.

Swipen’s managing director, Fraser Mitchell, has been nominated for The Influencer of the Year at the #MPEAwards. Influencer of The Year is voted for each year by our fellow payments industry professionals. Please add your vote for Fraser here: 
https://www.merchantpaymentsecosystem.com/awards#online-voting

There are approximately 300 million digital buyers in LATAM (with this figure forecast to grow 25% by 2025). Transact365 evaluate how to tackle fraud in the region.

Orenda Finance announced today it has been selected to use Stripe’s new Beta APIs for Financial Accounts, allowing for a flexible payments system on a reputable platform. This will allow clients to reach further afield across borders in various industries, giving them the environment to easily expand their business reach by doing financial transactions between countries seamlessly.