Tagged: digital payments

September 9, 2022 @ 7:55 am By Omar Faridi  |  

In the past five years, consumers and businesses, small and large, have sent more than five billion Zelle payments, “totaling nearly $1.5 trillion,” according to Early Warning Services, LLC, the network operator of Zelle. Zelle users have “leveraged the convenience and security of Zelle to gift… Read More

September 1, 2022 @ 1:10 pm By Omar Faridi  |  

The Federal Reserve has reportedly changed the timing of the introduction of its real-time payments solution, called FedNow, to the middle of 2023. The US Federal Reserve is aiming for a full-scale production rollout of the new payments service for somewhere between May and July… Read More

August 31, 2022 @ 10:17 pm By Omar Faridi  |  

Spreedly, the provider of the leading Payment Orchestration platform, and PPRO, the  provider of digital payments infrastructure, announced a partnership “to offer a diverse portfolio of alternative / local payment methods (APM / LPMs) through the Spreedly platform.” Spreedly and PPRO have partnered “to offer… Read More

August 30, 2022 @ 9:17 pm By Omar Faridi  |  

Users of the NFT marketplace, iNFTSpace, can now enjoy more direct purchases of digital artworks via Alchemy Pay’s fiat-to-crypto gateway plugin. This on/off ramp is now being “integrated across all areas of blockchain.” For up and coming projects, such as iNFTspace, this is “the first… Read More

August 30, 2022 @ 7:17 pm By Omar Faridi  |  

To help clients save time, increase convenience and remove barriers to sending and receiving funds abroad, CIBC announced the expansion of its Global Money Transfer (GMT) service “to include cash pick up through MoneyGram, a global leader in the evolution of digital P2P payments, enabling… Read More

August 23, 2022 @ 8:17 pm By Omar Faridi  |  

The New Zealand payment card market is expected to “gradually recover” from the COVID-19 pandemic to register a compound annual growth rate (CAGR) of 5.0% “between 2022 and 2026 and reach NZ$98.0 billion ($67.1 billion) in 2026,” forecasts GlobalData, a data and analytics company. According… Read More

August 23, 2022 @ 11:02 am By Omar Faridi  |  

We recently caught up with Huw Davies, Chief Commercial Officer, Ozone API, which has been involved in the development of Open Banking from the very beginning. Ozone API started by developing the sandbox and reference implementation for the UK Open Banking Implementation Entity (OBIE) –… Read More

August 22, 2022 @ 11:00 am By Omar Faridi  |  

Prometeo Open Banking, which claims to be the leading Latin American Open Banking platform, announced the launch of the first Account to Account (A2A) payments solution in Latin American markets. As noted in an update shared with Crowdfund Insider, Prometeo‘s new payment service “provides a… Read More

August 18, 2022 @ 9:17 pm By Omar Faridi  |  

Bank of New Zealand (BNZ) has introduced BNZ Pay, which is described as a mobile app for retailers that transforms an Android device into a contactless payment terminal. Created with assistance from Visa and Quest Payment Systems, BNZ Pay is being rolled out with no… Read More

August 17, 2022 @ 11:24 pm By Omar Faridi  |  

Azerbaijan-headquartered SmilePay has reportedly entered agreements with two large food retailers in the nation in order to allow consumers to purchase their groceries using their faces. SmilePay has acquired an investment from the largest acquirer bank in Azerbaijan, Pasha, and entered deals with the Bravo… Read More

August 17, 2022 @ 2:44 pm By Omar Faridi  |  

Scotiabank recently announced the launch of Scotia TranXactTM – a digital payments platform that “provides business banking clients with on-demand access to Scotiabank’s payments and cash management Application Programming Interfaces (APIs).” With Scotia TranXact business banking clients now “have access to real-time payments, request-to-pay and… Read More

August 15, 2022 @ 11:13 pm By Omar Faridi  |  

Virtual payments have reportedly exceeded the use of cash for the very first time in Saudi Arabia in 2021, with these digital transactions accounting for around 94% of payments completed when measured in terms of value. This, according to a recent study carried out by… Read More

August 12, 2022 @ 9:21 am By Omar Faridi  |  

LianLian Global, a cross-border payment service provider, announced the expansion of its cross-border digital payments platform to the UK, “with additional support for customers to secure financing through LianLian Global.” The LianLian Global cross-border digital payments platform is “designed to help UK ecommerce merchants and… Read More

August 11, 2022 @ 4:21 pm By Omar Faridi  |  

With another RTP® Network solution, US Bank can “provide loan funds to auto dealers instantly after the loan contract is finalized by the bank.” Following a successful pilot completed in June, U.S. Bank has already “enabled more than 800 auto dealers to receive funds from… Read More

August 10, 2022 @ 3:58 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. (Nasdaq: JKHY) announced that it has entered into a definitive agreement to acquire Payrailz, “adding the company’s next-generation digital payment capabilities, including real-time person-to-person (P2P) payments, to Jack Henry’s payments ecosystem.” Based in Glastonbury, Conn., Payrailz provides cloud-native, API-first, AI-enabled… Read More

August 10, 2022 @ 8:36 am By Omar Faridi  |  

Paysend, the UK-based Fintech with over 7 million customers, recently announced that 50 new receiving countries have been “introduced to its global payments network since the start of 2022.” These additional payments corridors “mean that Paysend customers can now send money to over 170 countries… Read More

August 9, 2022 @ 9:12 am By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), which claims to be the global leader in mission-critical, real-time payments software, recently announced an agreement with Japan’s central domestic payment network, Japan Card Network, Inc, CARDNET, in order “to modernize its digital payments infrastructure.” The agreement will “see ACI work… Read More

August 8, 2022 @ 9:09 pm By Omar Faridi  |  

The Malaysian card payments market is “set to record a robust growth of 15.2% in 2022, supported by the gradual rise in consumer spending, government’s financial inclusion measures, and increasing preference for contactless payments,” forecasts GlobalData, a data and analytics company. According to GlobalData’s Payment… Read More

August 5, 2022 @ 3:18 pm By Omar Faridi  |  

State Farm, the largest insurer of vehicles and homes in the US, announced the expansion of its Digital Pay solution to “include claim payouts delivered instantly into a customer’s PayPal account.” Through Digital Pay, claims can “be reviewed, approved, and paid digitally.” Customers can “choose… Read More

August 3, 2022 @ 7:12 pm By Omar Faridi  |  

American Express (NYSE: AXP), the Small Business Card issuer in the U.S., has announced American Express Global Pay – a digital solution that enables U.S. businesses to securely “make domestic and international business-to-business (B2B) payments.” Through this new digital solution, business customers can “send payments… Read More