Tagged: digital payments

Visa Research Reveals Fraud Schemes in Retail, Digital Commerce

Visa Inc. (NYSE:V), which claims to be world leader in digital payments, released the Fall 2023 edition of its Biannual Threats Report which “highlights emerging fraud schemes targeting the global economy.” This edition showcases “a significant rise of phishing schemes proliferated through generative AI tools,… Read More

Acquired.com Introduces Hosted Checkout Solution to Support Open Banking Payments

Acquired.com, the UK payments specialist and payment initiation service provider, has launched an all-in-one Hosted Checkout solution in order “to equip merchants with the ability to offer all major payment methods, including Open Banking payments, via a single integration.” Hosted Checkout is “a pre-built, highly… Read More

Indian Fintech Cashfree Payments, Jamboree to Simplify International Fee Payments for Students

Cashfree Payments, a payments and API banking solutions company, has partnered with Jamboree, an educational consultancy, “to simplify fee payments for Indian students studying overseas.” The partnership leverages Cashfree Payments’ cross-border payment solution, which streamlines and “digitizes the entire payment process from KYC verification, payment… Read More

Australia: Westpac Announces New Digital Payment Security Features to Help Combat Losses from Scams

Westpac has shared new scam prevention measures for its clients. Westpac recently announced new digital payment security features “to help combat scam losses.” In an Australian banking “first,” Westpac will “integrate its sophisticated fraud detection systems with its digital payment platforms to help customers identify… Read More

Debit Cards Are Preferred Payment Method, Amid Rise of Point-of-Sale Payments Methods, Report Finds

Whether consumers have swiped, tapped, dipped, waved a wrist or held a device near a card reader at a retail location in recent months, the chances are good “that they’ve used some form of digital, point-of-sale (POS) payment option in addition to cash.” According to… Read More

Fintech Billtrust Releases E-Invoicing Interoperability, Compliance Report

Billtrust, a B2B order-to-cash software and digital payments service provider, released its first annual E-Invoicing Interoperability and Compliance Report, “offering a view into the ever-changing global electronic-invoicing requirement landscape, featuring dynamic regulatory and technological developments.” In addition to an extensive compilation of current B2B and… Read More

India’s PhonePe Forays Into Stock Broking with Share(dot)Market Platform

PhonePe, an India-based digital payments and financial services firm, announced its entry into the stock broking industry with the launch of Share(dot)Market. The new platform comes under its subsidiary, PhonePe Wealth Broking Pvt. Ltd. Share(dot)Market aims to redefine discount broking by offering a suite of… Read More

Fintech Currencycloud Partners with South Korea-based Cross-Border Payments Firm MOIN

Currencycloud, which claims to be the experts in simplifying business in a multi-currency world, has partnered with South Korea-based cross-border payment company MOIN in order to expand its global coverage “while delivering faster processing times, lower transaction costs, and enhanced security measures to its customers… Read More

Fintech Alipay+, PayNet to Support Payment for Inbound, Outbound Malaysian Travelers

More Asian travelers to Malaysia will enjoy a seamless digital payment experience at over 1.8 million merchants across the country while Malaysian residents will be able to pay with e-wallets of their home country abroad, thanks to a MOU signed recently between Payments Network Malaysia… Read More

International Card Networks, Alipay to Enhance Mobile Payments Experience

International card networks, including Visa, Mastercard, JCB, and Discover Global Network, are launching a major campaign with Alipay, the digital payment and lifestyle service platform in China, “to further enhance international visitors’ mobile payment and travel experience in the country on the 30-day countdown to… Read More

FNBO Introduces Instant Digital Issuance Capabilities with Assistance from Visa

FNBO has announced the launch of its instant digital issuance capabilities in partnership with Visa, which claims to be a world leader in digital payments. The technology solution “enhances the customer experience by providing instant account credential delivery to a user’s mobile wallet in one… Read More

Ant Group Expands Cross-Border Payments Services in Asian Games Support Initiative

In the countdown to the opening of the Asian Games, Ant Group is expanding multiple cross-border digital payment options for international travelers as the Official Prestige Partner of Asia’s largest sports event in 2023. As a native of Hangzhou, the host city of the Games… Read More

UnionPay International, Malaysian Payment Network PayNet to Support Cross-Border QR Interoperability

UnionPay International (UPI) and Payments Network Malaysia Sdn Bhd, or PayNet, Malaysia’s national payments network jointly signed an agreement in Shanghai in order to support “the cross-border QR code linkage and enable the full acceptance of the UnionPay App (Chinese-mainland, Hong Kong and Macao versions)… Read More

TerraPay Obtains In-Principle Approval for MPI License from Monetary Authority of Singapore

TerraPay, a global payments infrastructure company, has secured an In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), “marking a significant step towards being a payments company with the most regulatory approvals.” With this coveted approval from MAS,… Read More

Brite Payments Extends Nordic Coverage with Instant Payments, Payouts Services in Denmark

Brite Payments announced that it has expanded its product coverage with the launch of open banking-powered instant payments and payouts in Denmark. With full product coverage in Sweden and Finland, the addition of Denmark further strengthens the second-generation fintech’s footprint “as it continues its expansion… Read More

Digital Transformation has Led to CFO’s Expanding Role, Billtrust Claims

The role of today’s Chief Financial Officer (CFO) is undergoing significant changes and expansions, according to a new study, “The Evolution of Order-to-Cash,” conducted by global market analysis and advisory firm IDC on behalf of the B2B order-to-cash software and digital payments market leader, Billtrust…. Read More

Digital Transactions: Mastercard Now Supports CVC-less Payments for Tokenized Cards in India

Mastercard (NYSE: MA) recently announced the introduction of Cardholder Verification Code (CVC)-less online transactions “for its debit and credit cardholders who have tokenized their cards on merchant platforms.” The move aims to “reduce the checkout time and make virtual transactions hassle-free and more secure.” CVC… Read More

Alternative Payments Account for Almost 40% of Digital Commerce Transactions in Singapore: Report

Alternative payment methods such as mobile and digital wallets are being widely used in the e-Commerce space in Singapore, “accounting for 38.6% of the payments made on the online payments in 2023,” reveals GlobalData, a data and analytics company. GlobalData’s e-Commerce Analytics reveals “that Singapore’s… Read More

Instant Payments Solution: RTP Network Expands Request for Payment (RfP) Availability

Using the Request for Payment (RfP) capability on the RTP network, the instant payments system operated by The Clearing House, broker dealers, billers and suppliers “can now request a payment from their customers through secure bank channels, and receive an instant payment in response from… Read More

Fintech GTreasury, Convera to Provide Integrated Payments Offerings

GTreasury, a treasury, payments, and risk management software provider, and Convera, the largest non-bank global B2B payments provider, announced a partnership to offer an integrated payments service on GTreasury’s treasury management system (TMS) software. A key player focused on streamlining B2B cross-border payments, Convera is… Read More

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