Future-Ready Payments Solutions: Remaining competitive with reusable technology
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September 21, 2022
To find out more, fill out the form and download the guide.
Maslife, the world’s first alternative banking and wellness app which helps users manage their finances, while helping them to improve their mental and physical health, has partnered with Thames Technology, the UK-based leading manufacturer of payment, gift, loyalty, membership, and commercial card products, to supply payment cards to its financial platform customers.
LONDON, UK – Sept. 7, 2022 – FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, announced today the acquisition of Plugsurfing, a leading European electric vehicle (EV) software and network provider to vehicle OEMs, charge point operators (CPO), and fleets.
This is an expert article where Vasile Valcov, the CCO at Salt Edge explores the trends transforming today’s digital banking and how financial institutions are becoming more agile and better equipped to serve their end customers.
“In a world where any payment can be tokenised, cards are really just a form factor.” Dante J. Siracusa, Chief Product Officer, recently spoke to James Wood at Payments Cards & Mobile for the July/August 2022 edition discussing whether cards can still pack a punch.
Paul Marcantonio, Executive Director — UK & Western Europe at ECOMMPAY, a leading international payment provider with its own fintech ecosystem, has been accepted into Forbes Business Development Council, an invitation-only community for senior-level sales and business development executives.
Tap to Pay, Tap on Phone; you might have heard SoftPOS described by any number of names, but all describe one key idea – you no longer need to worry about securing card machines from a vendor, because now your phone can be the card machine.
Our Head of Product for Card Present Payments, Russel Fernandes, spoke at Merchant Payments Ecosystem in Berlin to answer some key questions about the future of SoftPOS for merchants.
The Road Ahead: PSD2 becomes PSD3. The expert view on the story so far, and what’s to come. The Second Payments Services Directive (PSD2) entered into force in 2018 and
LONDON, September 7th – BaaS (Banking as a Service) fintech firm Griffin announces the launch of Verify, a customer onboarding product. Verify will help regulated fintechs onboard customers at scale
MultiPass, a UK-based bank challenger specialising in multi-currency cross-border payments, partners with Moorwand, a payments solutions provider offering BIN sponsorship and issuing services, and payments processor Tribe Payments, to launch corporate payment cards.
After over two years of shifting buying habits in favour of eCommerce, many consumers have practically abandoned the high street, and are now embracing a fully digital future as a more personal, efficient and convenient way of shopping.
Customer expectations and habits are constantly changing, and as shoppers become more comfortable with an increasingly digital post-pandemic future, businesses need to adapt and keep abreast of the latest developments in retail behaviour.
In this article, I’ll look at five of the latest payment trends in eCommerce, helping business owners better understand the newest technology and how modern fintech solutions allow companies to create better retail experiences and customer journeys.
Travel spending is showing signs of recovery after the pandemic. However, lifestyle shifts will continue to influence industry trends, especially when it comes to online payments.
The travel and hospitality industries experienced an unprecedented crisis during the COVID-19 pandemic. Entire client bases disappeared, and many experienced staff were forced to find alternative work. With the hospitality sector now largely back in business, operators are nevertheless feeling the pressure — not only from reduced capacity but also from clients who are now used to using the latest digital payment methods to pay for goods and services online.
When it comes to embedded finance, code may seem baffling if you’re not a developer. But for businesses that want the benefits code has to offer without the hassle of dealing with the technicalities, low-code and no-code fill the demand for a convenient solution.
This article demystifies everything you need to know about the similarities and differences, and which approach you should opt for to create new revenue streams and better serve your customers.
Get the scoop on your competitors with your free Tasty Data report.
When choosing a card platform provider, the last thing you want is to spend money, time, and effort and still end up locked in with a vendor and system that don’t deliver what you need for your payments business. That is why taking a hard look at your RFP/RFI process will continue to pay back long into the future. In this article, we share with you the best practices on SaaS RFX processes, applicable across enterprises.
The new product, Unlimint Banking and Cards (UBC), is a one-stop banking, card issuing and processing solution
Feedzai’s RiskOps Platform recognized for their work with Lloyds Banking Group in Best Transaction Fraud Monitoring and Decisioning Innovation categoryThe global award highlights how Feedzai’s patented innovation increased protection for banking customers against scams, and significantly lowered risk and fraud losses
According to the research done by Andreessen Horowitz, DeFi represents the 31st largest US bank by total assets under management, which is estimated to be around $116 billion as of June 2022.
Arf, the global settlement banking platform for licensed money service businesses, announces that it has been granted the approval of the Financial Services Standard Association (VQF) through Arf’s entity in Zug, Switzerland.
Compliance policy is one of the key functions in any Fintech. Getting it right is instrumental in everything from getting VC funding to avoiding regulatory fines, or worse, closure. There is no one size fits all solution across the industry and it’s imperative to have expert advice.
Join Currencycloud, Thistle Initiatives, ComplyAdvantage and other industry experts in an in-person breakfast and Q&A session to discuss how to get compliance right for your business.
Breakfast + Q&A Session
Thursday, 15 September at 8:00 AM BST
Victorian Bath House
FLEETCOR’s subsidiary, Allstar Business Solutions, partners with leading sustainable energy business, GRIDSERVE
Buy now, pay later (BNPL) as a payment method has surged in popularity but one in four UK consumers need further education on BNPL schemes, research has revealed.
Thames Technology, one of Europe’s largest and most trusted financial card manufacturers, has been chosen by DND Finance, a multinational commercial equipment finance provider, to produce the Score Mastercard ®.
With the recent triumph in the women’s game, we’ve highlighted our Co-founder and CFO, Sophie Flynn’s career development in moving from the world of professional football to the world of fintech, and how the influence of football has shaped her career so far.
Today, The Financial Conduct Authority (FCA) has published its finalised rules on the new consumer duty, which aims to “fundamentally improve how firms serve consumers”. The FCA states that the
Recent improvements in payment technology have led to breakthroughs in cross-border payments, where businesses can expand into new, international markets.
One of these breakthrough technologies is virtual IBANs, which are fast becoming an integral part of embedded finance. But what they are, and how they can benefit your business?
BCB Group has appointed Noah Sharp as Deputy CEO, who will share responsibility with the CEO for the corporate scaling strategy across geographies, client segments, products and licensing.
We recently held a webinar on this topic with fscom experts Nick Gumbley (Associate Director) and Will Finn (Senior Manager). In this blog, we summarise their advice on what companies need to know about regulations on customer data, and how they can set up a framework to meet these challenges head on.
Plenty of changes are afoot for the Irish consumer credit markets, following the enactment of the Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 (the “Act”). The Act extends the Central Bank of Ireland’s (CBI’s) consumer protection framework to a broader range of firms and consumer credit activities, with the aim of ensuring that Irish consumers receive the same protections required of other financial service providers.
The Act came into force on 16 May 2022 and those entities caught by the new legislation should by now have begun preliminary analysis of the impact of those changes to their business models. For authorised entities, this includes an assessment on their regulatory risk profile.
Chargebacks911, the leading dispute specialist that powers chargeback remediation for the largest global eCommerce businesses, today releases its third annual Chargeback Field Report. The report details a real-world look at the health and status of chargeback management in the card-not-present (CNP) space.
Fintech innovators are using digital technology to empower children to earn and spend money under parental supervision. One such innovator is Osper, the ‘mobile app and prepaid debit card that turns pocket money into life lessons.’ But this exciting business is taking its managed money concept beyond youngsters to support use cases across different demographics. Marqeta caught up with Ester Piubeni, Osper’s Head of Operations, to learn about the business’ journey so far and what the future holds.
PSD3 – the next instalment of the Payment Service Directive
International payment service provider and direct bank card acquirer, ECOMMPAY, has announced the launch of its global payout product which is a one-stop solution for any business dealing with international payments.
Merchants report increase in chargebacks but little success in combatting them, according to the 2022 Chargebacks911 Field Report
ECOMMBX receives the prestigious Ιnvest Cyprus International Investment Award
PSD2 is the main piece of European Union legislation governing payment services, and it is being reviewed. As part of the review, the European Commission requested advice from the European Banking Authority, which was issued on 23 June 2022. This Sidley Update considers that advice and what it means for PSD3.
https://www.sidley.com/en/insights/newsupdates/2022/07/psd3-what-to-expect-based-on-the-european-banking-authority-opinion
FLEETCOR has been credited with a Gold Award in the Workplace Wellbeing Index awards by Mind, the mental health charity. The Gold Award is given to employers who have successfully embedded mental health into their policies and practices and demonstrate a long-term and in-depth commitment to staff mental health.
Griffin – the UK-based Banking as a Service provider – has secured an additional £12.5 million ($15.5 million) in funding in its quest to become the bank fintechs can build on. The round was led by Notion Capital, with participation from existing investor EQT Ventures and fintech leaders from Plaid, Wise, Liberis, and Worldpay, among others.
Griffin is building a full-stack vertically integrated BaaS platform, powered by modern user-friendly technology. The company has raised $27 million of funding to date and recently submitted its application to become an authorised bank to the UK regulators. This new round of investment will be used to grow the leadership and operational teams and continue the build of the core banking platform.
www.griffin.sh
Carta Worldwide is hiring a new Business Development Manager for our European sales team in London.
Fintech Rewired is now live! It’s a brand new interview series with industry leaders in the Fintech space.
But with one key difference: every interview is carried out over a few games of Shuffleboard. Watch episode 1 with Alana Parsons, COO of Caxton, here.
DECTA, a global payment processing company, provider of full-cycle digital payment services, today announced that it has become a Visa Ready certified partner under the Fintech Enablement program.
Chargebacks911, the leading dispute technology specialist that powers chargeback remediation for the largest global eCommerce businesses and financial institutions, today announces that it has achieved the milestone of 1,000 integrated data connections and ingestible file types though its highly automated plug-in-and play platform.
Today’s merchants have faced an uptick in fraudulent chargeback claims over the last couple of years, with profits reducing by as much as 25% due to ‘Friendly Fraud’. With over 1,000 plug-in connections, Chargebacks911’s automated platform provides a scalable method for merchants to exchange missing information that banks require to identify invalid chargeback claims and thwart the growth of this negative trend.
Leading online payments platform, Payset, is utilising bank accounts from Banking Circle to offer fast, low-cost global payments. Providing customers with multi-currency accounts, pre-paid cards and currency exchange services, Payset helps businesses hold, exchange and move money around the world quickly, effortlessly, and affordably. Working with tech-led Payments Bank, Banking Circle, Payset aims to bring financial services up to speed with modern business by eliminating the expenses, delays, and red tape associated with moving money between currencies or across borders.
Despite the fact that cryptocurrency payments are soaring in popularity, the truth is that most regular people still don’t understand how crypto and digital wallets work, or are wary about using the technology for making purchases — a fact that’s reinforced by bank card payments still accounting for 80% of aviation service transactions.
Open Banking, which was properly introduced in 2018, has seen a slow adoption in the wider finance industry. Where payment methods like Buy Now Pay Later and digital wallets have swept through the market, open banking remains less widely understood or used – in fact, ECOMMPAY’s 2021 research found that only 14% of UK consumers completely understood it.
Customers, however, are already using open banking without even realising that they are. This revelation comes as no surprise to those familiar with the technology, as it is so very efficient and easy to use. But the fact customers do not fully understand it, means some further education is still required.
The process of buying and selling goods and services has evolved significantly in the last decade or so, particularly with the growth of the internet. This has led to what we know as e-commerce, the main avenue for consumers to buy products, transmit data and transfer funds online. This evolution will only continue with greater technological advances and IT continuing to strengthen links between different aspects of financial markets. But what are IT’s current strengths and, although it is difficult to predict, how it is set to potentially transform e-commerce in the next decade?
There are a lot of new terms floating around in the world of FinTech and embedded finance, not least no-code and low-code, as more businesses start to move away from the traditional fully coded route to offering bespoke financial services.
This article demystifies everything you need to know about the similarities, differences, and which approach you should opt for to create new revenue streams and better serve your customers.
