Tagged: digital transactions

November 1, 2021 @ 10:24 am By Omar Faridi  |  

The inherent transparency of blockchains or distributed ledger tech (DLT) networks makes crypto-related investigations a lot easier for law enforcement agencies, when compared to financial investigations involving fiat currency. Blockchains or DLT networks serve as a permanent, publicly viewable ledger of almost all crypto transfers,… Read More

October 29, 2021 @ 7:50 am By Omar Faridi  |  

LHV UK, the financial and payment services platform for Fintechs, is forming a partnership with Tuum, the modular Core banking platform providing back-end systems which aim to support transactional retail and business banking. Through the partnership, Tuum will aim to provide a single API-powered payments… Read More

October 28, 2021 @ 3:18 pm By Omar Faridi  |  

Walmart (NYSE: WMT) and InComm Payments, a payments tech firm, has unveiled  a more convenient and effective way for clients to settle their bills or top-up prepaid accounts nationwide at over 4,700 Walmart locations in the US via VanillaDirect. Bringing this service to Walmart stores… Read More

October 27, 2021 @ 10:39 pm By Omar Faridi  |  

Quadient (Euronext Paris: QDT), and Flywire Corporation (NASDAQ: FLYW)  announced a collaboration to automate and digitize B2B payments internationally. Through the partnership, Quadient’s Cloud-powered accounts receivable (AR) management and automation solution, YayPay by Quadient, will reportedly be extending Flywire’s virtual payment solutions to its B2B… Read More

October 26, 2021 @ 10:33 pm By Omar Faridi  |  

Payments and API banking solutions firm, Cashfree Payments reveals that it has introduced PAN (Permanent Account Number) Verification on Cashfree Payments Verification Suite. This new feature should enable merchants to perform a single online PAN verification or bulk pan verification of as many as 10,000… Read More

October 25, 2021 @ 2:45 pm By Omar Faridi  |  

VisionLabs, the facial recognition company, has announced the launch of its biometric payment hardware — the VisionLabs LUNA POS Terminal. The certified terminal is the first payment device to enable traditional credit card payments and biometric facial recognition payments. With six design and three utility… Read More

October 23, 2021 @ 11:38 am By Omar Faridi  |  

We recently connected with Sergey Gorbunov, Co-founder and CEO of Axelar, the decentralized interoperability network that connects blockchain ecosystems, applications and users. In August, Axelar had entered into a strategic partnership with Keplr, the largest Cosmos interchain wallet. The partnership had aimed to integrate the… Read More

October 22, 2021 @ 10:07 am By Omar Faridi  |  

Interac Debit is now accepted as a contactless payment option on UP Express via a pilot led by Metrolinx on the PRESTO fare payment system. This option will allow UP Express riders to buy their transit fare by simply tapping their physical Interac debit card… Read More

October 21, 2021 @ 10:36 pm By Omar Faridi  |  

The team at Fintech firm Ripple is pleased to confirm that UAE-headquartered foreign exchange and worldwide money transfer firm, Al Ansari Exchange has joined RippleNet. Via RippleNet Cloud, which is Ripple’s international Cloud-powered financial network tech, Al Ansari Exchange will be connecting with major money… Read More

October 20, 2021 @ 10:03 pm By Omar Faridi  |  

Payment service provider Clik2pay introduced its latest product capability at the Telecommunications Risk Management Association of Canada (TRMA Canada) Conference, which was held in Toronto. Building on the established Clik2pay service, which enables consumers to make secure payments directly via their banking accounts, this capability… Read More

October 18, 2021 @ 8:05 am By Omar Faridi  |  

Over the years, technology has transformed the way we experience the world in ways that “few could have imagined,” the team at UK-based Fintech Modulr writes in a blog post. They’ve noted that technological advancements have consistently offered us faster and more convenient ways of… Read More

October 17, 2021 @ 2:17 pm By Omar Faridi  |  

Salt Edge, a Financial API platform has partnered with Italian Fintech accelerator Supernovae Labs in order to support Italian financial institutions and third-party providers with aggregating banking data and carrying out payments enhanced by PSD2. Through their collaboration, Salt Edge and Supernovae Labs are providing… Read More

October 16, 2021 @ 6:46 pm By Omar Faridi  |  

Andrews Federal Credit Union and Fintech Wise have announced a digital remittance integration, which could save a lot of money for members of the Armed Forces – particularly  those residing overseas – directly via their current Andrews Federal banking dashboard. Scheduled to launch later in… Read More

October 15, 2021 @ 5:30 pm By Omar Faridi  |  

Veem, the international payment network for SMBs, announced a partnership with Visa (NYSE: V), the leader in virtual payments. Now, more than 400,000 of Veem‘s clients will get access to a new SMB Visa card program and digital money movement capabilities via Visa Direct, which is… Read More

October 12, 2021 @ 6:18 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq and TSX: NVEI), the international payment tech partner of major brands, reveals that it’s teaming up with Visa, the leader in virtual payments, in order to offer Nuvei’s US customers with access to quick payouts via implementation of Visa Direct, which is… Read More

October 11, 2021 @ 10:16 pm By Omar Faridi  |  

As digital wallet usage accelerates, international payments provider Blackhawk Network and Magstar Inc., an ERP software provider for midsized retailers, have teamed up to expand digital wallet acceptance and improve virtual payments options in-store. Through this relationship, merchants and retailers are able to conveniently expand… Read More

October 11, 2021 @ 11:55 am By Omar Faridi  |  

OKCoin is reportedly the only US-licensed exchange to provide Lightning Network (LN) enabled deposits and withdrawals, and they’re doubling down on their commitment to the LN with their support for the recent ShellHacks hackathon and with the introduction of their Lightning API. As noted in… Read More

October 10, 2021 @ 6:34 pm By Omar Faridi  |  

Visa (NYSE: V), the leader in virtual payments, recently announced the expansion of Visa Installments in Australia in partnership with ANZ (ASX: ANZ), which is one of the nation’s largest financial institutions, and merchant payment provider Quest. As mentioned in a release, the Visa solution… Read More

October 10, 2021 @ 4:38 pm By Omar Faridi  |  

Payments are entering a new “experience-driven” era (Payments 4.X1), “ushered in by an accelerated transformation timeline” because of the Coronavirus crisis and the increasing virtual appetite of clients, according to the World Payments Report 2021 released by Capgemini. As noted in a release: “With the… Read More

October 7, 2021 @ 3:19 pm By Omar Faridi  |  

United and PayPal (NASDAQ: PYPL) revealed that they’ve introduced a new way to carry out touch-free inflight purchases, even in areas that don’t have Wi-Fi. Starting next month, United clients on select flights may simply show a flight attendant the PayPal QR Code in the… Read More