
Record tumbles as Bacs sets new processing high
An impressive 120,000 transactions in a single minute – that’s the new record set by Bacs, the organisation behind Direct Debit and Bacs Direct Credit in the UK. More than
An impressive 120,000 transactions in a single minute – that’s the new record set by Bacs, the organisation behind Direct Debit and Bacs Direct Credit in the UK. More than
A pioneering approach to access has seen Turkish Bank become the latest member of Bacs Payment Schemes Ltd (Bacs), the company behind Direct Debit and Bacs Direct Credit. This new
Small businesses shift from hiring experts in ‘traditional’ fields to taking on specialists for the digital world like cybersecurity and new payments technology. According to research from Barclaycard, UK SMEs
Barclays’ blockchain team was set up in 2014, with a brief to look at different kinds of experimentation with digital ledger technology. Isabel Cooke, Barclays’ Blockchain Research & Development Delivery
Citizens Bank is partnering with Bottomline Technologies to deploy a market-leading online and mobile banking platform for its Commercial and Business Banking clients. The new platform is designed to manage
Cambrist Ltd, one of Ireland’s newest break-through, Fintech start-up companies, and PerfectCard DAC, Ireland’s first authorised eMoney institution and a leading provider of incentive and gift card solutions, are pleased
The Canada-based mobile financial services pioneer, Carta Worldwide, has introduced to the market the concept of smart tokens and smart tokenization to release the potential of Value Added Services. Carta
This is the first part of the thought leadership article series “Are National Currencies Headed to The Blockchain?” by Blockchain expert, Coinify Co-Founder and CEO Mark Højgaard. Read more here.
Leading cross-border payments platform Currencycloud and South Korea’s digital pioneer company, Hyundai Card have announced an exclusive partnership to enable the launch of Korea’s first mobile remittance service provided by
Rabobank has selected the global payment services hub from Finastra (previously D+H) to centralize cross-border payments. Read more here.
Discover cardmembers can now make payments in the United States using Samsung Pay on the latest Samsung Galaxy smartphones and wearables. Samsung Pay works at payment terminals that use both
PSCU is partnering with Ethoca, the leading global provider of collaboration-based technology solutions for card issuers and merchants, to help reduce losses from card not present (CNP) fraud. Read more
Analytic software firm FICO has released an interactive map of European card fraud, which shows that card fraud losses for 19 European countries hit approximately €1.8 billion, a new high.
FIS and Cardtronics have announced plans to integrate FIS Cardless Cash access across Cardtronics’ ATM fleet in the United States. FIS Cardless Cash, which leverages the FIS Mobile Banking app,
Fiserv has earned Certified status for information security by the Health Information Trust (HITRUST) Alliance. Fiserv is one of the first organizations to achieve a HITRUST certification via the SOC2+
In six months’ time, the second Payment Services Directive (PSD2) will be implemented in the UK. Some of the key areas that will have to be considered in the impact
MuchBetter.com, a London-based fintech, partnered with GPS to support Lucozade Energy during a vast marketing campaign across London train stations in June to produce a revolutionary paytech bottle that was
Leading technology law firm, and recently-appointed Boutique Law Firm of the Year 2017, Kemp Little wins role as legal adviser to Nesta’s Open Up Challenge supporting the next generation of
Kompli-Global has developed a tool to help companies deal with the more time-consuming customer due diligence challenges of the 4th Anti-Money Laundering Directive (4th AMLD). The 4th AMLD, which came
Customers of Citi in the UK and Paysafe are the first to benefit from Decision Intelligence, the first use of artificial intelligence implemented on a global scale directly on the
The rise of the API economy is reshaping how businesses operate and how seamlessly they can share their resources with customers. To meet the growing business demand for consistent, seamless
Metro Bank, the revolution in British banking, has been named ‘Financial Services Company of the Year’ at the second annual London Evening Standard Business Awards, after beating competition from the
In this free whitepaper Modulr explores the challenges that alternative finance businesses face in taking their business to the next stage and the role that innovative payment strategies can play
Optal was recently named Europe’s seventh fastest growing company and the only FinTech specialist in the top 10 of a prestigious new 1,000-strong list compiled by the Financial Times. The
OT-Morpho has announced the creation of the market’s first complete range of biometric payment cards, a range which reinforces payment security. It can also help governments distribute social benefits, knowing
PayPoint has announced a new partnership with Robin Hood Energy. The UK’s first local authority owned energy supply company has implemented PayPoint’s integrated payments platform, MultiPay, giving customers the choice
Saxo Payments Banking Circle has commissioned new research into the barriers facing merchants that want to trade globally. The findings, in a new white paper – Cross Border Payments for
Thames Card Technology has signed an exclusive deal with Nu: Agencies to bring its environmentally-friendly card material to the UK. Nu: eCard is a ‘green’ alternative to PVC, combining chalk
The Just Loans Group has achieved ISO 9001:2015 global certification – the internationally recognised Quality Management System standard and ISO 22301/2012 Business Continuity Management certification which will both help underpin
Thomson Reuters is the first major industry player to make a smart oracle available in the blockchain ecosystem for lean experimentation purposes. Organizations are now able to represent real market
Valitor, a global leader in Fintech payment service provision has announced the acquisition of Chip & PIN Solutions, one of the UK’s most innovative card based payment providers. The move
W2 is delighted to have won the Technology Innovators Awards 2017 “Fastest Growing Financial Technology Company – UK” as a recognition of its achievements. Read more here.
Customers can now benefit from boon with Apple Pay in six European countries. Read more here.
Poynt, creator of the world’s first smart payment terminal, has entered into a strategic partnership with Wirecard, a leader in internet and payment technology. The collaboration will expand the availability
By Tony Craddock, Director General, The Payments Association A year on from Bacs joining the The Payments Association, I’m pleased to have been invited to write a few words about
UK’s leading PayTech community brings together six regulators from across the EU, to discuss which Home State is right for businesses post-Brexit, should passporting no longer be possible. London, UK. 3rd July
2017 Pay Awards recognise Suresh Vaghjiani, MD of GPS and Payments Association Advisory Board member, for pioneering PayTech innovation London, UK. Suresh Vaghjiani, Managing Director of Global Processing Services (GPS) Ltd.
New Paysafe whitepaper reveals five strategies to achieve international e-commerce success and adhere to regulations and compliance LONDON, 26 June 2017 – Paysafe, a leading global payments provider, has today released a
To download your full pre-publication copy of the Jury Report, visit here. Here is our Executive Summary of the report, written from the Payments Association member’s perspective rather than the
The Payments Association’s Women in PayTech has signed HM Treasury’s Women in Finance Charter. The charter is a commitment by HM Treasury and signatory firms to work together to build
Project Europe’s upcoming ‘Passport to the Regulator’ event in October has created interest amongst regulators in EU jurisdictions. Having confirmed five regulators at the event, a regulator from a Western
Project Inclusion commends the UK government for the appointment of Guy Opperman as the UK’s first Minister for Financial Inclusion. Project Inclusion has extensively lobbied parliament and peers in the
Members from the Project International Trade team met with representatives from City of London Corporation who focus on FinTech sector engagement for Exports & Investment. The meeting focused on the
Project Media will be hosting a guest blog with the blogging content being circulated amongst the Payments Association’s media contacts. Project Media would like to extend an invitation to all
Project Regulator submitted a response on behalf of Payments Association members to the PSR on the implementation of PSD2. The response was developed following a survey sent out to Payments
The results of Project Rome’s survey on access to banking services and termination of banking services have been published. The results were launched at Money20/20 in Copenhagen and highlighted the
Project Retail will be hosting the Retail PayTech on Wednesday 5th July at the St. Pancras Renaissance Hotel in King’s Cross. This free retailer-only seminar will provide valuable insight into
JCB joins major PayTech players as a Patron of The Payments Association Global innovator connects with thriving network of over 100 payments organisations to foster growth in European market London,
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