Tagged: digital transactions

October 19, 2023 @ 9:57 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is partnering with players across the ecosystem, including Worldpay from FIS, the merchant solutions business of global financial services technology provider FIS, and Zip, a buy now, pay later firm, “to scale new open banking-powered solutions that enable more payment choice, empower… Read More

October 19, 2023 @ 9:48 am By Omar Faridi  |  

UK Fintech TrueLayer has joined Stripe’s Payment Element for supporting Open Banking payments. UK’s TrueLayer has reportedly become the first European Open Banking payment solution to be added to Stripe’s Payment Element. This partnership allows Stripe merchants in the United Kingdom and the EU to… Read More

October 18, 2023 @ 10:04 pm By Omar Faridi  |  

Stax Payments, a payment technology provider, announced its acquisition of Atlantic-Pacific Processing Systems (APPS), creating an end-to-end, seamless payment processing platform. The integration of APPS marks “a significant expansion of Stax’s technology stack, giving partners and merchants flexible, customizable options for their payment processing needs… Read More

October 18, 2023 @ 1:55 pm By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced a new partnership with Scalapay, Southern Europe’s BNPL provider, “to leverage Marqeta’s platform to issue cards both online and in-store.” Marqeta and Scalapay have… Read More

October 13, 2023 @ 7:09 pm By Omar Faridi  |  

Fime Asia in Taiwan has been accredited by Visa (NYSE: V) in order to support vendors to validate the Level 2 compliance of their contactless payment terminals. This gives solution providers in the APAC region “a local one-stop shop for all their payment compliance needs,… Read More

October 11, 2023 @ 12:30 pm By Omar Faridi  |  

Orum, the API for fast, reliable payments, today announced the launch of Verify, the first ever product built on top of FedNow, the Federal Reserve’s new instant payment rail. Orum’s patented technology – Verify – “determines within 15 seconds whether a bank account is open… Read More

October 11, 2023 @ 8:23 am By Omar Faridi  |  

One million VRP transactions have been made by UK consumers in just a month and have been powered by TrueLayer. Moving money, simplifying savings, automating credit repayments — whatever it is, variable recurring payments are growing, according to an update from TrueLayer. The company also… Read More

October 10, 2023 @ 8:39 pm By Omar Faridi  |  

Instant Financial, a supporter of earned wage access (EWA), electronic tips and paycard solutions, announced the first phase of upgrades to its comprehensive employee payments platform. This initial release of updates includes “the launch of a new mobile app and the introduction of mobile wallet… Read More

October 8, 2023 @ 6:16 pm By Omar Faridi  |  

Hong Kong sees a larger share of transaction volume “coming in large institutional transactions of $10 million or more compared to other countries in the region — notably mainland China,” according to an update from Chainalysis. On the other end of the spectrum is South… Read More

October 7, 2023 @ 3:34 pm By Omar Faridi  |  

NatWest has launched a new transaction categorization service called Enriched Transactions, which is available to businesses, such as Account Information Service Providers (AISPs) and lending providers, to integrate with their apps and digital platforms. By making the API-enabled service available to businesses, NatWest claims it… Read More

October 7, 2023 @ 3:22 pm By Omar Faridi  |  

In early 2023, TrustPay has reportedly received its Payment Initiation Service Provider (PISP) license and following that, they claim to have selected a partner “with a large reach of connected banks to widen their own reach.” As a Slovakian payments service provider or PSP, TrustPay… Read More

October 6, 2023 @ 3:21 pm By Omar Faridi  |  

Payments Canada released its annual Canadian Payment Methods and Trends 2023 report, which analyzes 20.5 billion payment transactions “made in 2022 totaling $11.7 trillion (more than $475 billion every business day) and highlights the trends shaping the Canadian payment landscape.” Year-over-year trends: Credit and debit… Read More

October 4, 2023 @ 10:20 pm By Omar Faridi  |  

Virtual cards, also known as temporary cards, are defined by the researchers at Juniper Research as “randomly generated and generally temporary card number linked to a payment account, used to process payments in lieu of genuine payment details.” A virtual card is “a payment tool… Read More

October 4, 2023 @ 8:22 am By Omar Faridi  |  

Hastee claims that it is disrupting a rigid monthly pay cycle that’s no longer “fit for purpose” by giving employees early access to part of their earned pay. This ensures employees can cove themselves “for financial emergencies without the risk of borrowing funds they may… Read More

October 1, 2023 @ 4:56 pm By Omar Faridi  |  

Square, part of Block (NASDAQ:SQ), launched Tap to Pay on Android for sellers across Canada. The new technology enables businesses “to securely accept credit card contactless payments with a compatible Android device, at no additional cost.” With Tap to Pay on Android, Square claims it… Read More

September 27, 2023 @ 1:57 pm By Omar Faridi  |  

Infinicept, a provider of embedded payments, and Datacap Systems, Inc., a hardware and processor-agnostic omnichannel payments provider, announced a partnership to provide coordinated support for vertical software companies on their embedded payments journeys. Infinicept’s embedded payments platform, PayOps and Payfac as a Service, Launchpay, paired… Read More

September 26, 2023 @ 8:51 pm By Omar Faridi  |  

A new study by Juniper Research, the professional team focused on fintech & payments markets, has found by next year, digital commerce transaction volumes will “reach 1.08 trillion globally; rising from 966 billion this year – a very strong 12% growth in a single year.”… Read More

September 25, 2023 @ 1:37 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, added new features to its optimized checkout suite to help users increase their revenue by making it easier for their customers to complete a purchase. The optimized checkout suite consolidates years of Stripe research into “a set of… Read More

September 23, 2023 @ 10:42 am By Omar Faridi  |  

Roger M. Brown,  the Global Head of Tax Strategy at Chainalysis, notes that on August 25, 2023, the U.S. Internal Revenue Service released proposed regulations that would require domestic and foreign exchanges and other types of “brokers” who “effect sales” of digital assets to (1) collect… Read More

September 21, 2023 @ 11:00 am By Omar Faridi  |  

Currencies Direct, an international payments provider, has partnered with Transact Payments, the firm focused on cards and payments. The partnership has enabled Currencies Direct “to launch a multi-currency debit card, giving customers the ability to spend seamlessly in over 200 countries (wherever Mastercard is accepted).”… Read More