The Office of Financial Services Implementation (OFSI) has published an updated version of its enforcement and monetary penalty guidance which comes into force on 15th June 2022.
Stanchion Payment Solutions has successfully completed HSM migration for one of Israel’s top three banks. The bank has migrated from ARX hardware security modules (HSMs) to Futurex HSMs.
JMMB partners with Stanchion to deliver innovative payments solutions to its customers across Jamaica, Trinidad and Tobago, and the Dominican Republic
FLEETCOR®, parent company of the UK’s leading fuel and electric vehicle (EV) management company, Allstar Business Solutions, today announces the appointment of Tom Rowlands as Managing Director of Global EV Solutions.
Now heading up FLEETCOR’s EV product solutions globally, Tom will focus expanding the company’s EV footprint, strategically rolling out the company’s market-leading EV products and services that will help fleets manage the transition to EV.
payabl. appoints Cyprus Country Manager in line with company growth and portfolio diversification aspirations.
The payments sector has innovated and developed rapidly over the past few years, mostly to make existing processes as efficient and streamlined as possible. In the years leading up to the pandemic, the fintech boom saw the birth and development of many new digital technologies that sought to attract and gain customers – including the inception of By Now Pay Later (BNPL) models, advancements in cybersecurity, contactless payments, cross-border transactions, and more.
London, New York, and Silicon Valley are known as the top three biggest fintech hubs, globally. With the number of private high-growth UK fintech’s based in London alone continuing to steadily increase from 847 in July 2021, it’s easy to understand why the West is viewed as more technologically forward. For many years it has comfortably led the race when it comes to reaching peak financial technological advancements.
The relationship between the travel sector and the payments industry has always been complex, never more so than during the pandemic. As a sector with an acute delayed delivery, it is unsurprising we encounter the challenge of managing that partnership.
