Judopay, the leading mobile-centric and fully cloud based payments provider, has announced its partnership with MedPoint, an automated prescription collection system, to enable a safe, quick and secure method for patients to purchase and collect their prescriptions, 24 hours a day, 7 days a week.
Global Processing Services (GPS), the multi-award-winning payments processing partner behind some of Britain’s biggest challenger fintechs including Revolut and Starling Bank, and Currencycloud, the experts simplifying business in a multi-currency world, have partnered to widen access to cross-border payments for financial institutions and fintechs, providing a passport to a post-Covid world.
B4B Payments, a leading global prepaid payments provider, has selected Banking Circle to provide payments infrastructure for its corporate banking services. Providing prepaid solutions to businesses for more than 15 years, FCA authorised B4B enables organisations of any size to manage expenses, simplify payroll, reimbursements, and offer employee rewards and incentives.
Award-winning Banking-as-a-Service platform, Contis, is pleased to announce the appointment of Andy Lyons as Managing Director of Banking Solutions. Andy brings a wealth of experience in retail and corporate banking to boost Contis’ banking division and cement its position as the European leader in Banking-as-a-Service (BaaS).
Following extensive research, analysis and testing, Thames Technology are excited to announce that they have added a new HP Indigo 35K digital offset press to enhance their printing capabilities for financial and retail cards as well as associated packaging.
TrueLayer, Europe’s leading open banking platform, today announced the launch of a new approach to account ownership checks with its Verification API.
EML’s Sentential acquisition receives FCA approval.
As part of Currencycloud series of interviews that explores the nature and evolution of embedded finance we invited Laurel Wolfe, Vice President of Marketing at Mambu, and former Klarna, to deep dive into how Buy-Now, Pay-Later and embedded lending, a subset of embedded finance, is changing how retailers and payments providers serve their customers.
Ordo collaborates with Siemens, along with CGI, to create a payment method that’s lower cost than direct debit, and has all the certainty of pre-payment without the hardship and hassle…only possible by Ordo’s Open Bankin capability
The German Ministry of Finance’s decision to introduce new rules for crypto transactions has divided opinion, with some fearing it is being rushed through, while others feel it is simply bringing crypto firms up to standard.
The industry welcomes the deadline extension of the temporary registration regime for crypto firms but the regulatory uncertainty created by the lengthy assessment process may drive businesses out of the UK. Read the VIXIO insight to learn more.
The Access Group has announced the launch of Access PaySuite, its new FCA authorised payment division that is focused on integrated payment experiences.
Modulr Pulse, our quarterly insights event, is back on July 20th for a discussion about ‘How to avoid the payments transformation sinkhole’.
Getting payments right is increasingly tougher for established financial institutions so we have brought along a consultant who regularly manages payment transformation projects, to give their advice on how to avoid the various pitfalls and sinkholes.
Register for the event and secure your place today: https://landing.modulrfinance.com/how-to-avoid-the-payments-transformation-sinkhole-epa
Trust Payments, the global unified payments group, has partnered with Zip, the first Buy Now, Pay Later provider to join its network of payment partners. The agreement means UK merchants using Trust Payments’ platform can offer Zip at check out and allow customers to pay over four interest-free instalments.
Blue Train Marketing’s latest blog piece explores the adoption of green marketing and details 5 green marketing strategies you can take on board to make your business more eco-friendly!
Most consumers are more than aware of basic payment solutions, especially after the pandemic struck their lives and their usual means of payment. Even before the new normal, many consumers were familiar with e-commerce and therefore, businesses were already used to accepting online payments on their websites or their apps. If these payments seemed pretty straightforward for consumers, technology now allows for more streamlined payment solutions that make it easier to take online payments on your website.
Manchester FinTech firm AccessPay is now listed on Sage Marketplace as first combined payments and cash management solution.
PPS are the payments and banking provider behind Talenom’s new banking service for SMEs. This partnership will enable financial services to be embedded into Talenom’s emerging SME solution ‘Accounting Alex’.
As a result of working with PPS, small businesses that use Talenom’s ‘Accounting Alex’ service will now be able to set up a bank account in minutes and enable savings on fees by more than 50%.
Partnership to provide users uninterrupted fraud protection throughout their entire online or mobile banking journeys based on digital onboarding with document verification and authentication with facial, periocular and voice recognition combined with behavior biometrics and behavior analytics.
The need for a new kind of fraud defence
– What we mean by Active Defence
– The problem Active Defence solves: Identity attacks and manipulation attacks
– Three capabilities to avert any ID attack
Partnership promotes an Active Defense approach to protecting financial institutions from online fraud attacks.
Sokin has agreed a three-year deal to support the club’s international payments and FX needs.
The new 2021 Chargeback Field Report, published by Chargebacks911, reveals that Covid-19 had a significant impact on the payments space. However, many of the trends observed were already underway years before the pandemic struck. There are opportunities for merchants—and other entities in the payments space—to improve procedures and eliminate risk. However, this will take a significant effort.
PayAlly, the fully integrated payments ecosystem for SMEs is using Banking Circle solutions to improve its multi-currency B2B cross border payments services. In particular, the new partnership gives PayAlly access to a wider choice of payment rails through the Banking Circle super-correspondent banking network, thereby improving the speed and cost of international payments for its e-commerce customers.
What is a refund? When it comes to open banking, it’s not as straightforward as you might think. In this quick guide we’ll explain what you can do to refund payments through open banking, why we don’t think that’s good enough, and what we’ve done to enable instant refunds.
Here at Transact365 this past week we hosted a CEO Roundtable in partnership with the Payments Association. Take a look at some of the highlights from the session here.
Partnership between Revelock and Sionic promotes an Active Defense approach to protecting financial institutions from online fraud attacks
The Great Kompli-Global KYB Bake-Off is designed to highlight how fraudsters are avoiding detection by analysts potentially not having all the right fraud prevention ingredients
The latest piece of groundbreaking industry research from dispute resolution specialist Chargebacks911, The 2021 Chargeback Field Report assessed over 400 merchants across the US and the UK and identified a dramatic rise in friendly fraud over the past three years, with 80% of merchants seeing an increase in false claims.
In addition, while 94% of merchants consider friendly fraud to be a problem for their business, less than 30% are taking steps to combat it. This behaviour indicates that there is a knowledge gap preventing merchants from confidently combating fraudulently filed chargebacks.
Other headline stats include:
• 68% of merchants have seen the pandemic cause an increase to their chargebacks
• Nearly a third of merchants experience difficulties contesting illegitimate chargebacks
• And for every friendly fraud case that goes uncontested, 50% of cardholders will go on to commit the crime again in less than 60 days
– Nearly 12,000 investors raised £9.9m in just 54 hours
– Fastest raise to hit £6m, setting a new Crowdcube record
– Surge in demand from customers and retail investors in race to £10m
Kani will replace Sodexo Engage’s legacy data management systems which ran manually, becoming a drain on time, money, and resources, and lacking the scale required to handle the sheer volume of data processed by the engagement payments giant. In doing so, Kani will simplify Sodexo Engage’s complex transaction data and provide a single space for data management. In addition, the platform will provide real-time, actionable data insights that allow for Sodexo’s critical business decisions to be implemented faster and with greater efficiency.
Ordo, AccoutingWEB and the ACCA carried out a survey regarding recruitment for 2021. Results were analysed by Cranfield Business School and showed 45% of businesses expect to recruit more than pre-COVID in 2019.
We are really excited to shine the spotlight on some of the best-known brands in #Fintech during our Superhero Spotlight Series.
A week-long event packed with articles, research reports and LinkedIn and YouTube live streamed interviews with over 30 of Fintech’s finest superheroes.
Register for the agenda: https://bit.ly/3ySP2lL and keep an eye out for reminders of the #livestream sessions.
#Payments #Banking #FintechSuperhero
“Should we build in, or should we buy in?” This is one of the oldest software-questions management teams have to answer. Yet we believe that this should be less of a consideration regarding whether or not an organisation can build something. Rather, the right question is why they should build it.
EML is using Microsoft and the toolset in Azure to accelerate the global FinTech’s go-to-market capabilities.
EML is delighted to announce its inaugural reloadable program in Canada with AptPay.
Wealthify is teaming up with Tink for open banking powered payments.
In order to receive 3D Secure messages, process said messages, and authenticate card users, issuing banks must deploy Access Control Servers (ACS). To ensure that transaction integrity is never compromised, the Okay software works in parallel to prevent attacks and protect user information during confidential transactions. The process looks a little something like this:
Sam Head of Currencycloud shares his top 3 recommendations on what to look for in the right partner for your strategic, long-term journey to borderless transactions.
He covers the pros and cons on a bundled solution, the idea of future proofing your partner choices for business growth ambitions, the important considerations involved in the costs as well as owning the customer experience.
Transact365 is more than a gateway. It is a methodology platform that has been designed to operate as a technical consultancy business, lending our years of experience and knowledge whilst building on new and exciting technology that can zero out fraud.
Monneo, virtual IBAN and eCommerce bank account provider, has unveiled an innovative new look logo and website design this week, as the brand expands across Europe and beyond.
Curve’s crowdfund, designed to bring customers closer to its growth journey, will go live on May 25th, following hugely popular pre-registration stage. Curve saw 21,000 sign-ups within first 24 hours of launching its pre-registration campaign.
Global financial infrastructure provider, Banking Circle, has joined the P27 Nordic payment initiative as a front-runner bank in creating bulk-clearing for the Danish Krone, underlining its commitment to building a global payments infrastructure. P27 has been acknowledged as a vital initiative to address the disparate clearing systems currently operating across the Nordic region. Banking Circle sees its membership of P27 as a crucial piece in the jigsaw to remove the cost and time currently experienced in domestic and cross border payments to and from the region.
Top UK fintech pitches a 100% recyclable card product – that even picks up on antennae.
Entersekt CEO Schalk Nolte explains how fraudsters can be stopped by placing intelligent roadblocks in online transactions.
With the advent of passwords at MIT 60 years ago, Gerhard Oosthuizen Entersekt CTO, contends that it’s time that we replace passwords with more robust technologies.
Embedded finance is making waves in the lending industry by challenging the status quo – giving rise to a new breed of Fintech provider: the Lendtech.
While the goal of Lendtechs is not necessarily to compete directly with incumbent financial institutions on their turf, embedded finance – and subsequent embedded lending – has dented their market share. These legacy providers now have a choice: stick to what they know or embrace the opportunities embedded finance creates for their products and services by working in partnership with Lendtechs.
FraudTech specialists launch Kompli-Investigate™ to help businesses in the payments and wider financial services sector to complete potentially missing pieces of the due diligence puzzle and present them with a complete insight into a corporate’s ownership, its related parties, and its propensity to be linked to fraud and financial crime.
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