The Payments Association’s recently issued report, Navigating the New Opportunities for Corporate Cards, takes a close look at the world of corporate card payments, finding that there is much to do to make them as seamless as personal payments or even those for small businesses, but that there are innovative FinTechs who are solving the specific problems of making payments in a business setting.
EML’s sporting digital footprint expands through REPX’s exclusive partnership with the Italian soccer team, AS Roma.
Moorwand CCO Luc Gueriane and four other industry experts recently spoke to FinTech Magazine about what’s next for payments in 2022. Find out why Luc said that any fintechs that don’t spend time on getting the right resources in place will have difficulty competing.
It’s vital to your company’s success and longevity to promote employee health and remove stress from your culture. While that’s no small feat, it can do wonders for your productivity, employee retention, customer satisfaction, and bottom line.
Today, we’re going to share two practical yet surprisingly simple methods for combating different types of stressors in the workplace — task stressors and acute stressors.
In the last few years, financial inclusion has become widely recognized as one of the most important engines of economic development. Frank Breuss, CEO of Nikulipe, says that there is much more to the term than is widely assumed since financial inclusion does not necessarily mean access to global e-commerce.
fscom’s experts in financial crime, cyber security and regulatory compliance offered their advice in a recent webinar. This article article explains how firms can become operationally resilient.
In the following article, fscom’s Senior Manager of Fincrime, Fred McDowell discusses best practice guidance to help you with Suspicious Activity Reporting (SAR).
Boarding new merchants from a sales perspective is both an art and a science. The art of sales is a well-trodden field with numerous different approaches. We see it in every industry with experts imparting their advice on Youtube, reality television programmes and even in our everyday lives where we all try to employ our own techniques to get what we want. The science or the “precision of tech” is the key to unlocking conversions, reducing fraud, and complying with the ever-changing rules and regulations surrounding the industry…
EML’s partner AptPay is focusing on launching several new programs in Canada and the United States in 2022.
Okay is about security. But to uphold our commitment to the most sensitive part of the payment process, it means we are also committed to compliance. Taking the next steps in our compliance journey didn’t just cover our bases in the event of an audit, but ensured that we are constantly challenging ourselves when it comes to risk, business decisions, and customer satisfaction. In this week’s blog, we talk about our 2021 compliance process with SOC2, and how we landed there.
Collaboration shows the potential of VRP as the next phase of Open Banking in the UK, accelerating the adoption of faster, more secure payments.
Mainstream banks can compete more effectively in the digital-first world with risk mitigated by adopting leading, proven technology.
ClearBank, the cloud-based clearing bank, announced on the 7th of December its partnership with e-money scale-up PRIVAT3 MONEY (“P3”). The partnership will improve the experience of clients using P3 accounts and e-wallets for deposits and payments, as well as multi-currency accounts and foreign exchange in the near future. ClearBank’s infrastructure will improve transaction speed and efficiency for P3’s clientele, which is primarily comprised of professionals, entrepreneurs and high net worth individuals
EML is partnering with retailers, corporates, and employers worldwide to help spread gratitude and festive cheer with same-day virtual gift cards.
BCB Group, Europe’s leading provider of business accounts and trading services for the digital asset economy, is delighted to announce today that Max Heinr. Sutor oHG (Sutor Bank) is joining the group. Adding a fully licensed bank to the group will enable BCB Group to better service its clients in the EU and drive growth across its business lines.
The FCA and PSR have published a joint response to the Cash Action Group’s (CAG) announcement that retail banks and building societies will create an independent body to assess the cash needs
In this article, Vicki Gladstone, Moorwand CEO looks into the fintech and payment predictions she thinks we’ll see more of in 2022.
Entersekt attracts investment from US private equity company.
The UK Financial Conduct Authority has set out changes to rules on strong customer authentication, payment account access by third-party providers, and parts of its guidance on the regulation of payment services and electronic money. This update sets out key points for affected firms.
New report from Mambu and AWS forecasts embedded finance is worth $3.5 trillion to the retail sector amid Buy Now Pay Later boom.
The Hospitality sector is evolving like never before. The rapid adoption of digital and mobile technology is changing how we engage with our customers and guests. It’s been accelerated by the pandemic and is here to stay. Planet’s new #Hospitality report ‘A five-star experience: Delight guests with technology and service’ looks at…
Take a look at Planet’s new Retail report, ‘the best of online in-store: Retail’s next big prize’, and discover what #retailers can do to build an exceptional personalised shopping experience for shoppers from start to finish. One that combines the immediacy of being in-store, with the unlimited inventories, safety and speed of online shopping.
Mambu, a market-leading, modern SaaS banking platform, has announced raising €235 million in an EQT Growth-led Series E funding round, the largest financing round to date for a banking software platform. The funding brings the company’s valuation to €4.9 billion post money, making it one of the highest-valued B2B SaaS companies founded in Europe.
Ordo’s Point of Sale QR Code solution perfect for race day entry fees
B2B cross border payment provider, Verto, has joined forces with Payments Bank, Banking Circle, to streamline international payments for its clients. Utilising the multi-award-winning Banking Circle Virtual IBAN solution, alongside access to Banking Circle’s local payment rails, Verto is addressing the pain points of complicated pay-ins and cross border payments.
Innovative all-in-one payment solutions provider and card issuer, Wallester, is providing its clients with more opportunities in more jurisdictions with multi-currency settlement accounts as a result of a new partnership with Banking Circle. Working with the ground-breaking Payments Bank, Wallester can now give its clients easy and efficient access to settlements accounts in 25 major currencies.
Nuapay confirms significant expansion in top European open banking markets.
The gaming industry is proving that the desired metaverse is one that is decentralized in terms of control but hyperconnected for easy transfer of value between platforms.
Having become accustomed to a plethora of units of value, and their extreme portability, today’s gamers will not welcome a centralized institution locking their value inside any particular system such as Facebook’s virtual world.
Flash forward where banks and digital banking make all units of value portable too… imagine:
– crypto into consumers’ digital wallets
– holding cash as central bank digital currency.
By 2030, 60% of global consumers will have made a transaction using a unit of value other than a fiat currency.
AccessPay add another big name to their growing list of collaborators, forming a new partnership with 3RP, who offer tailored Oracle NetSuite ERP consultancy services.
Open banking has gained strength over the past 18 months, ever since Europe began enforcing the Payment Services Directive 2 (PSD2). Now we are starting to watch similar initiatives pop up across the globe, all the way from Australia to Canada. But what about the (possibly biggest) payment market, the United States? Has PSD2 had any impact there, and can we expect a similar set of regulations to be implemented?
Virtual IBAN and corporate account provider, Monneo, is excited to announce the launch of its new card acquiring service. The development allows the company to offer a full payment ecosystem to its customers and represents a true end-to-end solution.
Reflective of Singapore’s position as a fintech hub, Transact365 has shifted its Asian headquarters from Hong Kong to Singapore as a very important base for its future growth. They are now in two of the world’s fastest growing markets for fintech, which is a prime position for their global expansion.
EML and Cadillac Fairview have innovatively transformed festive digital gifting.
The problem of online fraud has been around for decades, and has been steadily growing alongside the staggering growth of eCommerce. Combatting this problem requires a multi-faceted approach from merchants, the payments industry, law enforcement and ordinary people, and one recent development has been the launch of Strong Customer Authentication (SCA) across Europe as part of the Payment Services Directive 2 (PSD2) regulations.
Bottomline (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, announced that it has completed the acquisition of Bora Payments Systems, enabling Paymode-X vendors to utilize straight through processing (STP) as a method of accepting virtual card payments.
James Richardson, Head of Market Development Risk and Fraud at Bottomline shares his thoughts on the importance of regulation when fighting fraud in financial institutions.
With cross-border ecommerce having grown by 35% globally over the last year with no signs of slowing down, how do PSPs address this explosion in demand?
In this article discusses the sharp rise in global/cross-border e-commerce and the need to offer a multi-currency solution for accepting payments for merchants.
With 2022 just around the corner, the payments industry in Fast-Growing and Emerging markets is already showing the signs of potential key trends for the next year. Nikulipe’s CEO Frank Breuss identifies three major trends he sees taking off in 2022.
Much has been written of late about how the metaverse will be the evolution of the internet as we know it. With the rebranding of Facebook (now Meta) the metaverse has been pushed into the limelight with organisations considering how they should tackle this global phenomenon. Part of this consideration for many is commerce, how will digital goods and services be paid for in the metaverse? What does this mean for traditional banks vs challenger banks?
PPS, an Edenred company, announces its partnership with UK-based ekko, an iconic climate-friendly debit card, app, and ecosystem that empowers consumers to make a difference in the fight against climate change. The partnership showcases PPS’ commitment to the enablement of the green finance movement.
Paysend, the card-to-card pioneer and international payments platform, reaches 5 million customers globally in under 5 years and is ranked the third fastest growing technology company in the UK by Deloitte, thanks to 14,498 per cent growth.
Looking back over the last 18 months in the payments industry, it’s hard to recall a more turbulent time certainly in the last decade or so, but as always, out of chaos comes opportunity…
B4B Payments (B4B), a leading global provider of card issuing solutions for businesses, is set to join the Banking Circle ecosystem to complement the Banking Circle Payments Bank, providing accounts, payments and issuing to Payments businesses, Banks and Corporates. The deal is now going through the regulatory approval process. After closing of the acquisition, B4B will operate as an independent sister company of Banking Circle.
These changing times have certainly made life ‘interesting’ for mainstream banks. Recent events have seen a marked growth in the digitisation of financial services and the emergence of crypto currencies as payment mechanisms have introduced another digital variable to the banking equation. There is a challenge to mainstream banks to step up to remain relevant in this changing world and to leverage their own trusted brand. Banks can avoid costly transformation and choose new incremental models with the right supporting payments technology.
PPS and ViaBill join forces to bring BNPL to shoppers in-store and online.
PPS was appointed as the issuer and processor for ViaBill, Europe’s leading Buy Now Pay Later (BNPL) solution, which facilitates end users to a greater access to flexible forms of credit.
PPS will be acting as BIN Sponsor, Card Issuer and Transaction Processor, and also integrating Apple and Google Pay to offer ViaBill’s customers further flexibility in payments.
New Green Paper, ‘new era for GBP’, to be launched in February 2022 London, UK – 23 November 2021: The Payments Association (formerly The Emerging Payments Association (EPA)) today announces
The Future of Competitive Advantage in Banking & Payments. The results are in from 311 banking & FI players across Treasury, Fraud, Operations, Product & C-Suite in 34 countries globally
Facebook recently announced that they were changing their name to Meta. The main reason? To “recast the company’s public image from battered-social-network to tech innovator, focused on building the next generation of online interaction”. Will this move have an impact on the future of global payments? Will these payments take place within virtual reality? Is there another trend that better predicts the future? Let’s take a look.
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