Tagged: digital transactions

May 20, 2022 @ 3:54 am By Omar Faridi  |  

Open Banking Fintech Volt has introduced a product aimed at helping merchants save on excessive debit card (interchange) fees by encouraging shoppers “to seamlessly switch to an open banking payment AFTER choosing to pay with a debit card at the checkout.” After recognizing the banking… Read More

May 19, 2022 @ 10:12 pm By Omar Faridi  |  

Dwolla, a Fintech powering innovation with sophisticated account-to-account payment solutions, “celebrates” Nacha‘s announcement of the Same Day ACH transaction limit increase “from $100,000 to $1 million.” Effective March 18, the $1 million limit was “applied to all Same Day ACH transactions.” Dwolla expects this update… Read More

May 18, 2022 @ 1:38 am By Omar Faridi  |  

Banking Circle, the Payments Bank for the “new economy,” is reporting a “significant” uplift in its performance in 2021 as it continues “to help Payments businesses, Banks and Marketplaces access global cross-border payments, accounts and liquidity management that enables their business customers to transact more… Read More

May 16, 2022 @ 6:55 pm By Omar Faridi  |  

Krepling, one of the “fastest growing” digital commerce platforms on the market, recently  announced the launch of the “first” agnostic digital wallet for e-commerce, Krepling Pay. Unlike the platform’s existing competitors – Apple, Google, ShopPay – Krepling Pay is compatible “with every device and every… Read More

May 15, 2022 @ 10:35 pm By Omar Faridi  |  

New payment checks at online checkouts are “proving invaluable” as Nationwide Building Society reports it is “protecting its members from an additional 2,000 cases of online card fraud a month.” Despite the fact that some transactions now take a little longer, new research from UK’s… Read More

May 13, 2022 @ 2:53 pm By Omar Faridi  |  

Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments provider, recently announced that PepsiCo has now deployed its automated Credit Application solution “to support the distribution of HARD MTN DEW, a new Mountain Dew-branded alcoholic beverage.” For the distribution, Blue Cloud Distribution, Inc…. Read More

May 12, 2022 @ 3:33 pm By Omar Faridi  |  

In the United Kingdom, the general population has become “far more accustomed to the use of QR codes, with the requirement of NHS Test and Trace check-ins in public spaces,” according to an update from Juniper Research. The report from Juniper notes that this  method… Read More

May 12, 2022 @ 10:59 am By Omar Faridi  |  

The EY organization recently announced the production release of the third generation of EY Blockchain Analyzer: Reconciler. This updated version has been “migrated into blockchain.ey.com and is now available for the first time to EY non-audit clients and continues to support the EY Audit teams.”… Read More

May 10, 2022 @ 5:04 pm By Omar Faridi  |  

Non-fungible tokens (NFTs) have been one of the “most dynamic” and “prominent” parts of Web3 over the last two years, according to an update from Chainalysis. NFTs are blockchain-powered digital items whose units are “designed to be unique, unlike traditional cryptocurrencies whose units are meant… Read More

May 9, 2022 @ 6:47 pm By Omar Faridi  |  

Under the background of the Russian- Ukrainian War and sanctions in western countries, a global commodity crisis is “brewing” and the new global monetary system – Bretton Woods Ⅲ may be developing, said Zoltan Pozsar, an analyst at UBS. A recent report by Huobi Research… Read More

May 9, 2022 @ 8:10 am By Omar Faridi  |  

Rapyd, an international Fintech-as-a-service platform, announced the launch of Virtual Accounts, a vital product “empowering businesses to expand globally while supporting local payments.” This new product offering enables organizations anywhere “to securely and reliably accept local bank transfers across over 40 countries in more than… Read More

May 9, 2022 @ 8:07 am By Omar Faridi  |  

The Lithuania-headquartered remote ID verification and fraud prevention firm, iDenfy, teams up with Credex, the automated lending platform for point of sales financing. As noted in the update, iDenfy’s full-stack ID verification should enable a fast and secure lending experience for Credex’s clients. The COVID-19… Read More

May 7, 2022 @ 1:35 pm By Omar Faridi  |  

NatWest Group has entered agreements with three payment providers – TrueLayer, GoCardless and Crezco – in order to offer Variable Recurring Payments (VRP) as “a new and convenient payment option for businesses and consumers.” This “industry first” means that NatWest Group will be the first… Read More

May 5, 2022 @ 2:38 pm By Omar Faridi  |  

The Federal Reserve recently reported that it officially began onboarding pilot participants onto the FedNow Service, “signaling that the initial testing phase of the FedNow Pilot Program is underway.” A few organizations have now successfully “connected and delivered test messages over a pilot version of… Read More

May 1, 2022 @ 4:37 pm By Omar Faridi  |  

Ozone API, the developer of the standards-based software for open banking and open finance, has introduced a suite of solutions that “enable banks to move beyond compliance and convert their APIs into more strategic and commercial channels.” The enhancements to Ozone’s open API platform “give… Read More

April 30, 2022 @ 12:27 pm By Omar Faridi  |  

Asia-Pacific is getting ready for the next phase of its real-time payments journey as the region’s key service providers look for new growth opportunities and prepare “to enter the next stage of their real-time payments development.” This, according to the third edition of Prime Time… Read More

April 29, 2022 @ 12:20 pm By Omar Faridi  |  

BPC has announced its expansion into the Americas in order to support the payments and processing requirements of traditional financial institutions, payments processors, and Fintech firms. The company is launching its full suite of SaaS Cloud services “on Oracle Cloud Infrastructure (OCI) from Ashburn, Virginia,… Read More

April 28, 2022 @ 9:26 pm By Omar Faridi  |  

OneOf, which claims to be the premier “green” NFT platform for music, sports and bands, is partnering with international crypto payments provider MoonPay “to integrate NFT technology into users’ everyday lives, making the process of purchasing NFTs easier than ever.” As mentioned in an update… Read More

April 27, 2022 @ 6:54 pm By Omar Faridi  |  

PayByCar, Inc., the mobile payments Fintech responsible for offering pay-by-text payments at gas stations across Massachusetts, has confirmed the completion of a $4 million seed round of funding. Anand Raman, President, and co-founder of PayByCar, stated: “Following a string of successes since our 2020 pre-seed… Read More

April 27, 2022 @ 6:41 pm By Omar Faridi  |  

CellPoint Digital, which claims to be a leading international provider of digital commerce and payment solutions, recently announced a partnership with global e-commerce platform for video gamers, MTC Game. An international retailer, MTC Game provides “an online platform for digital codes and services to gamers.”… Read More