Another revolution is coming for the financial sector and this one could change the way that consumers and businesses conduct themselves forever.
The rise of the Internet and the spread of smartphones is, together, perhaps the single most powerful force of economic change ever at any point in history.
Not only are millions of people getting connected to the wider world for the first time, but also businesses are able to get up and off of the ground with little to no investment in brick-and-mortar, traditional locations. In other words, the digital era is one of opportunity and promise.
London, 11 November 2020 – Visa today announced the launch of Visa Fintech Partner Connect, a new initiative that will provide financial institutions and merchants in Europe with a suite of enhanced capabilities combining Visa’s own capabilities with those of carefully selected fintech partners.
Fintech Partner Connect will help Visa’s clients meet their customers’ demand for new digital payment experiences by providing seamless access to innovative fintech solutions.
The European rollout of Fintech Partner Connect follows a successful pilot which has already seen a number of Visa’s clients benefit from the expertise on offer.
Innovation has always been a focus at Visa, yet the impact of the Covid-19 pandemic has forced us – as well as the wider payments ecosystem – to double down on the development of new payment technologies. The pandemic has accelerated what was an already increasing demand for digital payment experiences and it is incumbent on us and our partners to meet this.
Payments provider Contis and Open Banking platform Token partner to deliver new value in digital payments. When complete, Contis’ 250+ clients will be able to use Token’s AISP and PISP functionality to deliver Open Banking services to their end-customers through the Contis Platform.
And Token’s merchant, digital wallet and PSP customers will be able to perform account pay-outs and refunds via the Token platform using established payment rails, such as Faster Payments in the UK, SPayments Association and SPayments Association Instant across the EEA.
Contis migrated its data centres from the US to Europe, in record time and with minimal service interruption. This completes the final hurdle in Contis’ Brexit preparedness and gives clients the comfort of knowing all customer data is securely managed and processed in-region.
New research released by British fintech Currensea reveals that of the 80% of British SMEs (4.72 million businesses) that trade internationally in any given year, 1.18 million have had to pause directly because of the global pandemic and a further 283,000 because of Brexit..
– buguroo launches behavioral biometric 3D Secure solution
– The new 3D Secure offering
– The 3D Secure payment authentication system
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