Holders of Estonia’s controversial cryptocurrency licences are being widely used by online investment scams to accept payments from victims, an investigation by VIXIO has found.
Since the 2008 financial crash, the rise in technology companies looking to help us make better decisions in our finances, using data and sometimes easier to navigate apps than our traditional banks, has created a host of so-called FinTechs emerging into the market.
Which of these FinTechs could help you?
Payments Association member Ozone API are powering the launch of TecBan’s open finance platform in Brazil.
With a full open finance regulation being implemented in Brazil in 2021, the market could soon eclipse other open banking markets around the world due to it’s scale and the breadth of the regulation.
– Introduction
– Evolution of Ransomware
– Beyond Windows
– Financial and Banking Sector
– Vulnerabilities and Malware
– Conclusions
– The Now: Rise of digital banking to cause further online banking fraud
– The New: Increase in new account fraud
– How can we stop these types of attacks as we enter 2021?
– Conclusion
The payments platform continues its successful start to 2021 with landmark announcement that sees it establish its role as a pivotal player in the cross-border payments space
If your goal is to service the largest percentage of market users, respect must be given across all accessibility levels. But what is a reliable solution for non-smartphone users? In this post, we review our remote dial option as a reliable PSD2 SCA fallback.
A new Visa debit card from European neobroker Bitpanda launched this week. Combining Contis’ unique “zero-balance” Buffer technology with Bitpanda’s European-wide, multi-service platform has created one of the most powerful multi-asset propositions available – the Bitpanda Card.
PFS has been fully integrated into EML.
Banking Circle, the cross border payments expert, has identified an issue affecting some financial institutions handling cross border transactions from the UK to the EU. It seems Brexit has caused a number of EU banks to increase their fees for receipt of SPayments Association local payments in EUR from GB IBANs.
allpay is today delighted to announce the launch of degradable swipecards, the next step in allpay’s green strategy.
Swipecards were a core innovation for allpay over 25 years ago, allowing individuals to pay their bills at outlets such as Post Office and PayPoint. Fast forward to today and the innovation continues with degradable cards with no deterioration to quality.
These will be available to all clients by spring 2021.
We have spoken a lot about strong customer authentication (SCA) over the past year. However, the regulation has technically been in effect since mid-September of 2019. Now well into 2021, it is time for all European countries to fully enforce the updated SCA regulations. Let’s take a look at some of the deadlines.
Close to a quarter of a million people around Ireland received a Perx Reward from their boss while working from home last year.
Konsentus has acquired Open Banking Europe S.A.S. from PRETA.
Okay wants to make the payment process as smooth as possible, specifically when it comes to customer authentication. While this is just one part of the payment process that can introduce friction, it is often where checkout abandonment occurs. In this post, we’ll try to describe some of the options that we’ve seen in the market regarding frictionless payments, including their strengths and weaknesses.
One of the great innovations of the modern age is the ability of eCommerce to connect businesses, merchants, and consumers all across the world. Not only has this opened up new opportunities for businesses and consumers alike, but also it has expanded the realm of what is possible for small and medium enterprises on the global stage. And here we start with the interesting part of the current topic.
The global economy is expected to begin the process of recovery from the 2020 pandemic throughout 2021 and an integral part of that will be the payments industry as well as virtual IBANs and digital banking.
Analysts see five major trends on the horizon for 2021 in how things will change for the payments industry and digital banking services including enhanced automation to more robust identity verification as well as an authentication technology.
Over the last few years, Okay has gone through both security certifications and penetration testing. While they represent two uniquely different processes, each has greatly improved our product’s security, code quality and architecture. In this post, we discuss the importance of each, as well as what we’ve learned along the way.
Now, in 2021, and with the Brexit negotiations in their rearview mirror, the EU market is looking to digital banking solutions to help address problems of inequality, sustainability, and supporting a circular economy.
Indeed, the future of the market in Europe is not only digital but digital banking, in particular, will play a huge role in bringing about the social transformations and member-state cohesion needed to build economic resilience and growth for the future.
What are some of the major forces driving the corporate banking digitization process? What are the factors and trends behind some of the most seismic moves in recent years in this otherwise quite conservative industry? What are the main key-topics we should have on our radar in order to stay ahead of our business competitors and be the first to learn what would be the next
“big thing”?
Not only is the extension of digital banking services and digital payments solutions integral to the growth of mobile and online marketplaces, but also it is central to the monetary revolution taking place right now with cryptocurrencies and the rise of a cashless economy. We have identified three major movements in digital banking that could shape how the next several years play out, from enhanced payments processing to the integration of new consumer blocks into the financial system.
Will our smart devices be able to implement the necessary security measures to keep up with an ever-increasing digital marketplace? If so, which ones will reign supreme? In this article, we reflect on an age-old question of iPhone vs Android device, well worth considering by all financial industry players, big or small.
Case Study discussing how Konsentus Verify enabled specialist online bank Knab to provide safe and secure open banking services to their customers without the support of a large development project team or investment in additional infrastructure.
Alternative financial solutions provider VIALET has selected Moorwand as the issuer and BIN Sponsor across Poland, Spain, Lithuania and Latvia for its new credit product.
Customers are presented with a wealth of payment methods daily, so Moorwand has created a new series where our team will delve into the different types available. First up: Prepaid Cards
Radar Payments launches Tap to Phone, making it easier for sellers to use their mobile devices to accept payments and offer enhanced customer experience.
EML Payments Limited (ASX: EML) is pleased to release its FY21 Interim Report.
Beam launches new service, to bring instant and secure payments to WooCommerce merchants via Open Banking. Leveraging Nuapay’s payments platform, Beam is aiming to help UK businesses save £100k over the next year.
The partnership enables Beam to provide Open Banking payments to its clients on WooCommerce – the open-source e-commerce plugin for WordPress – bringing online and omnichannel retailers the benefits of faster, more secure and cost-efficient payments.
Banking Circle, the cross border payments expert, has identified an issue affecting some financial institutions handling cross border transactions from the UK to the EU. It seems Brexit has caused a number of EU banks to increase their fees for receipt of SPayments Association local payments in EUR from GB IBANs.
Recently acquired by Mogo Inc., Modern Issuer Processor Carta Worldwide continues international fintech growth with Japanese market expansion
Leading payments provider Paynetics is delighted to share a selection of major milestones in its international growth journey from 2020. The e-money institution has released a new video celebrating its latest appointments, acquisitions, client wins, partnerships, events, launches and more from the last 12 months.
Leading payments issuer processor, Global Processing Services (GPS) has announced that it will be sponsoring findexable’s Fintech Diversity Radar, the world’s first global platform gathering progressive data to understand women’s impact and contribution to the digital economy.
Cybertonica, the advanced fraud and risk management provider, has appointed Carl Clump to its Board to lend his strategic and managerial expertise to the expanding business.
With its modern alternative approach to banking, U Account is helping to deliver greater financial inclusivity with a solution, powered by Modulr, that’s designed to help those underserved by traditional banks to improve their financial wellbeing.
Banker turned fintech investor bolsters Curve Board, ahead of expansion into US, deeper push into Europe and launch of Curve Credit
Luxembourg-based financial infrastructure provider Banking Circle, a partner of Payments businesses and Banks, has joined the Verband der Auslandsbanken in Deutschlan (VAB) which is the Association of Foreign Banks in Germany.
Rob Shore, Group CFO at EML, is very excited about the company’s 3-year Accelerator strategy.
The rise in technology companies looking to help us make better decisions in our finances has created a host of so-called FinTechs emerging into the market. But what is the right solution for you?
Ekata surveyed over 500 issuers & platforms. Download our ebook which aims to inform merchants of issuer readiness findings and future updates.
HIPS Payment Group Ltd, a provider of innovative and cost-effective e-commerce and mobile payment solutions, and licensed bank, Banking Circle, which delivers ground-breaking financial infrastructure for Payment businesses and Banks, today announced their partnership, which enables Hips to offer settlement with domestic payment rails.
Allstar Business Solutions Limited, the UK’s leading fuel management company, announces its new partnership with Gronn Kontakt, an electric vehicle (EV) charging company owned by Statkraft – Europe’s largest producer of renewable energy. The deal means that Allstar adds a further 47 charging sites and 110 charge points to the multi-branded Allstar One Electric network.
Fintech firm Curve adds former President of Samsung’s Global Strategy Group Cuong Do to its Board
Trust Payments has appointed Tom Pilling as Chief Risk Officer (CRO) responsible for overseeing the group’s risk management framework as it expands in key sectors and geographically into UK, EU and the US.
PPRO, the global provider of local payments infrastructure, is working with Banking Circle, the ground-breaking financial infrastructure provider, to enhance the PPRO service offering, supporting PSPs working with cross border e-commerce merchants. The partnership underlines the effectiveness of Banking Circle as a next-generation provider of mission-critical infrastructure for online cross border payments.
Join us for a cross pond webinar focusing on the enormous changes that are expected to impact payments in the US and UK featuring:
•In London, new K&L Gates Special Payments Counsel, Kai Zhang, and Partner, Philip Morgan.
•In New York, Partner and Global Fintech Co-Chair, Judie Rinearson.
•In Washington DC, Partner and Technology Law Specialist, Linda Odom, and Associate, Daniel Cohen.
•In San Francisco, Partner, Cryptocurrency and Fintech Lawyer, Jeremy McLaughlin.
Topics to be covered include:
•Expected changes to be implemented by the new US Democratic administration
•New leadership in the CFPB, SEC, OCC, and CFTC and what it means for banks and Fintechs
•UK and the implementation of Brexit with respect to payments and banking
•Anticipated changes in providing payment services to the UK and Europe
•The outlook for Fintech investment, Mergers and Acquisitions in the next 12 months on both sides of the pond
•What products and services are the winners and losers from these sweeping changes? Mobile apps? Traditional banking? Digital assets, stable coins and cryptocurrencies?
Press release announcing the Konsentus acquisition of Open Banking Europe from PRETA
Every business from sole traders to large corporations are always on the lookout for ways to save time and money.
With the big banks’ monopoly on providing financial services now broken by FinTechs and new players in the Open Banking space, the choice of alternatives has never been more exciting – and maybe a little confusing for newcomers.
