Tagged: digital transactions

February 27, 2022 @ 7:34 pm By Omar Faridi  |  

C6 Bank clients who have a global account with a US dollar or Euro balance are now able to withdraw cash from Chase ATMs free of charge beginning on February 24, 2022. The ATM network is available in the US and has over 16,000 units… Read More

February 26, 2022 @ 5:12 pm By Omar Faridi  |  

Engage People, the loyalty network that enables program members to pay with points (PwP) directly at checkout, recently reported a 33% increase in YoY revenue in 2021. Access+, Engage People’s platform that powers the loyalty network and PwP capabilities, grew revenue “by 94% – a… Read More

February 25, 2022 @ 11:02 am By Omar Faridi  |  

Checkout.com, which recently raised $1 billion at a $40 billion valuation, notes that Strong Customer Authentication (SCA) is now “mandated across all of Europe and businesses have had to make changes to make sure they are compliant.” The team at Checkout.com writes in a blog… Read More

February 24, 2022 @ 10:17 pm By Omar Faridi  |  

Indian Fintech Unicorn Razorpay notes that it has been serving numerous digital commerce merchants with an intuitive, customer-friendly, and secure checkout experience for over six years. The company claims that its expertise makes them one of the best go-to checkout providers for merchants who want… Read More

February 23, 2022 @ 6:13 pm By Omar Faridi  |  

Within any commerce ecosystem — particularly in digital commerce — chargebacks appear to have become a way of everyday life, according to an update from Verifi. For merchants, chargebacks can be a drain on both time and financial resources. Improved communication between merchants and issuers… Read More

February 22, 2022 @ 8:09 am By Omar Faridi  |  

In line with industry regulation, online payments with the Zopa Credit Card are becoming a lot more secure, with the addition of “a new layer of security,” according to an update from UK’s digital bank Zopa. You may start noticing this change from 14 February… Read More

February 22, 2022 @ 12:25 am By Omar Faridi  |  

PayMongo, an online payments Fintech in the Philippines, has secured $31 million via a Series B round from JAM Fund, the venture capital firm of Tinder co-founder Justin Mateen, and other investors including ICCP-SBI Venture Partners and Kaya Founders. Super thrilled to announce @paymongo has… Read More

February 21, 2022 @ 6:04 pm By Omar Faridi  |  

With the growth of virtual payments making a huge impact on how consumers shop and pay, payments specialist Blackhawk Network and retail software company LOC Software announced a partnership to offer touch-free mobile payment technologies to retailers. With these contactless payment options, Blackhawk Network and… Read More

February 20, 2022 @ 6:35 pm By Omar Faridi  |  

Mastercard (NYSE: MA) recently joined forces with retail group Massmart in order to connect Small, Medium and Micro-Enterprises (SMMEs) to cost-effective e-commerce solutions, “enabling a safe transition away from cash.” During the latter half of last year- following the period of social unrest – SMMEs… Read More

February 19, 2022 @ 6:18 pm By Omar Faridi  |  

In their latest white paper, ‘Payments without barriers: Focus on Denmark’, the team at Banking Circle has looked into the opportunities and challenges for cross-border trade in the country. Although slow settlement times and high costs are a barrier for firms wanting to trade in… Read More

February 14, 2022 @ 10:44 pm By Omar Faridi  |  

Digital commerce is a major engine of the global economy. It experienced an economic upshift during the year 2020 as a consequence of the economic slowdown that accompanied the COVID-19 crisis. At the same time, the continued digitization of commercial and consumer transactions “contributed to… Read More

February 14, 2022 @ 9:51 am By Omar Faridi  |  

Many people have come to own and embrace crypto-assets because of a powerful sense of mission that includes: fairness and efficiency meaning a desire to see transferring money more like sending a text message — “instantaneous and low cost to all, and not something that… Read More

February 11, 2022 @ 8:44 am By Omar Faridi  |  

WealthKernel, a provider of digital investment services and infrastructure, has introduced Instant Matching Deposits that are being powered by ClearBank, the Cloud-enabled clearing bank. Instant Matching Deposits enables investors “to instantly fund their accounts and begin trading without waiting days for payments to clear, and… Read More

February 9, 2022 @ 10:31 pm By Omar Faridi  |  

DNA Payments, an independent vertically integrated payments provider, and Verifone, a global Fintech platform and payment solution provider to major retail brands, are pleased to announce a key partnership supporting innovation and reliability within the payments ecosystem. DNA Payments has teamed up with Verifone in… Read More

February 6, 2022 @ 5:41 pm By Omar Faridi  |  

Sber has reportedly marketed money transfers to Alipay wallets in mainland China by using phone numbers. In order to make a remittance payment, users simply need to indicate the phone number and full name of the intended recipient via SberBank Online, and the funds will… Read More

February 5, 2022 @ 12:32 pm By Omar Faridi  |  

Cross River Bank, a tech-driven financial services organization that offers core infrastructure and embedded financial solutions, recently announced that it will be powering PayTile, a Fintech firm that provides location-based payments via their app. PayTile is reportedly one of the first ever peer-to-peer (P2P) payment… Read More

February 3, 2022 @ 4:12 pm By Omar Faridi  |  

Consumers and businesses reportedly sent 1.8 billion payments via the Zelle Network during 2021, an increase of 49% from a year prior, Early Warning Services, LLC, the network operator behind Zelle, confirmed on February 2, 2022. Those payments “totaled $490 billion, up 59%.” Al Ko,… Read More

February 1, 2022 @ 5:31 pm By Omar Faridi  |  

Qlub, a company creating a fast payment solution for consumers in restaurants, has secured $17 million via a seed round. Qlub’s investment round has been co-led by Cherry Ventures and Point Nine along with contributions from other several VCs such as STV, Raed Ventures, Heartcore,… Read More

January 31, 2022 @ 10:49 pm By Omar Faridi  |  

Plentina, a Buy Now Pay Later (BNPL) Fintech focused on serving emerging markets, has teamed up with Southeast Asia’s digital retailer ZALORA in order to provide its short-term financing option. Residents of the Philippines may download the Plentina app to access loans valued at up… Read More

January 30, 2022 @ 9:18 pm By Omar Faridi  |  

Wise clients across the globe will now have the option to conduct quick, seamless and cost-effective global fund transfers to Weixin users residing in China from 11 different currencies, including SGD, USD and GBP. Wise (LON:WISE), the international tech firm focused on creating the best… Read More