Tagged: digital transactions

December 14, 2022 @ 7:59 pm By Omar Faridi  |  

Currencycloud, which claim to be the experts simplifying business in a multi-currency world, has partnered with South Korea-based global remittance and payment provider SentBe in order “to improve the regional reach of its payments service and offer its Korean consumers and businesses a more streamlined,… Read More

December 12, 2022 @ 8:10 pm By Omar Faridi  |  

One Inc, which claims to be the leading digital payments network for the insurance industry, announced that Arbella Insurance Group, a customer-focused, regional property, and casualty insurance company based in Massachusetts, has selected One Inc’s suite of digital payment solutions “with PremiumPay and ClaimsPay, for both… Read More

December 11, 2022 @ 12:30 pm By Omar Faridi  |  

LexisNexis Risk Solutions released the results of its first Global State of Fraud and Identity Report, exploring research and insights from industry experts “on recent statistics and trends from [their] industry-recognized studies on the Global True Cost of Fraud and transaction data from over 39B transactions… Read More

December 7, 2022 @ 10:51 pm By Omar Faridi  |  

What was once an innovation is today “a way of life” for millions of consumers in India. Over the last two and a half years, transactions on the UPI network have “grown by a factor of 6 as digital payments have exploded in India,” according… Read More

December 6, 2022 @ 8:09 pm By Omar Faridi  |  

Instant payments, also called real-time payments, are a form of electronic payment “that is available 24/7/365, with the payment processed and funds made available tothe recipient instantly.” the team at Juniper Research explains. However, there is “not a singularly accepted definition of instant payments, with… Read More

December 5, 2022 @ 8:37 am By Omar Faridi  |  

Nubank, which claims to be one of the world’s largest financial services platforms, announces the additional protection for fraudulent digital transactions “as part of its Nubank Celular Seguro insurance.” Still in the testing phase for a little portion of the customer base, the coverage “will… Read More

December 4, 2022 @ 2:51 pm By Omar Faridi  |  

Nordic open banking provider, Neonomics, has decided to support UNICEF Norway in order “to make donating this holiday period easier and more secure by harnessing the power of open banking payments.” The holiday period is “the most important time of year for charities, but with… Read More

December 2, 2022 @ 5:54 pm By Omar Faridi  |  

A chargeback is the formal process initiated when a cardholder disputes a payment – “often leading to the cardholder being reimbursed directly by their issuing bank, which then obtains the funds from the merchant,” according to an update from Chargebacks 911. The update further noted… Read More

November 30, 2022 @ 7:01 pm By Omar Faridi  |  

Sabre Corporation (NASDAQ: SABR) a software and technology provider that powers the global travel industry, and Conferma Pay, a global fintech firm that specializes in payment technology, announced a new partnership with Mastercard in orrder “to accelerate the use of virtual cards for business-to-business (B2B)… Read More

November 27, 2022 @ 7:27 pm By Omar Faridi  |  

Infineon Technologies AG and Fingerprint Cards AB announced the signing of a joint development and commercialization agreement of a plug-and-play turnkey solution for “a biometric payment smart card.” The goal of the cooperation is “to make biometric smart card production as simple and easy as… Read More

November 25, 2022 @ 7:29 pm By Omar Faridi  |  

This spring, Payset paves the way “for enhanced Open Banking capabilities, faster transaction processing, budget management, and more.” Payset is preparing “to launch a new and improved service, running on core banking technology from Thought Machine, a cloud-native banking technology company based in London.” The… Read More

November 16, 2022 @ 12:46 pm By Omar Faridi  |  

WeGift, which claims to be one of the industry leaders in digital payouts,  announced the closing of a £26 million Series B, furthering its mission “to allow anyone to transfer any digital currency more freely across the globe.” New investors “included Element Ventures, which led… Read More

November 10, 2022 @ 8:19 pm By Omar Faridi  |  

Cash, check or charge? How “quaint.” The way we move money — and what we consider money — has “changed dramatically over the last decade,” according to an update from Mastercard (NYSE: MA). The use of cash is “declining, and personal checks are largely on… Read More

November 10, 2022 @ 5:09 pm By Omar Faridi  |  

Gate.io, which claims to be one of the world’s “earliest” and “largest” cryptocurrency exchanges, has officially launched Gate Pay, a crypto-based payment product. Gate.io believes that, “with a larger purpose to bridge the divide between blockchain and everyday life, cryptocurrencies will assume the basic and… Read More

October 25, 2022 @ 8:26 am By Omar Faridi  |  

Fireblocks, a platform to create innovative products on the blockchain and manage day-to-day crypto operations, announced the public launch of its Payments Engine, a new suite of tools that will “enable payment service providers (PSPs) with the ability to provide a blockchain agnostic, end-to-end solution… Read More

October 20, 2022 @ 7:57 pm By Omar Faridi  |  

American Express (NYSE: AXP) and Cvent (Nasdaq: CVT), a meetings, events, and hospitality technology provider, introduced enhanced features to the Cvent Event Marketing & Management platform that “further expand virtual payment capabilities, leveraging American Express’ integrated budget management and payment automation solutions.” The enhanced features… Read More

October 16, 2022 @ 7:17 pm By Omar Faridi  |  

ZEBEDEE, a Fintech and next-generation payment processor for the gaming industry, announced a new initiative that “contributes open source code and products to the Bitcoin Lightning space.” The new not-for-profit and completely open source initiative “has already resulted in several products and code repositories that… Read More

October 11, 2022 @ 5:04 pm By Omar Faridi  |  

Mercury is using Oracle Banking Payments, running on Oracle Cloud Infrastructure (OCI) in order “to help democratize digital payments in the UAE.” With Oracle Banking Payments, Mercury was able “to capitalize on changes in the digital payments landscape in the post-pandemic era to create their… Read More

October 11, 2022 @ 7:41 am By Omar Faridi  |  

The Financial Stability Board (FSB) recently published the priority themes for the next phase of work under the G20 Roadmap for Enhancing Cross-Border Payments, two years after the Roadmap was launched. The plan reportedly “includes the practical steps to be taken to strengthen external engagement… Read More

October 9, 2022 @ 11:34 pm By Omar Faridi  |  

A new independent survey of more than 2,000 European SMEs has found: 68% plan to adopt real-time payment processing in the next 12 months At present, just 10% of SMEs can receive payments instantly 23% say their international growth has been hindered due to delays… Read More