Tagged: payments

September 22, 2022 @ 3:23 pm By Omar Faridi  |  

Higlobe, Inc., the U.S. based solution for international payment transfers, raised $14 million in funding “to expand its technology and launch into new markets.” The investment round was “led by global technology investment firm Battery Ventures, an investor in a number of U.S.-based fintech companies.”… Read More

September 22, 2022 @ 2:37 pm By Omar Faridi  |  

PCI Pal (LON: PCIP), the global SaaS provider of secure payment solutions for business communications, has announced the launch of its Pay By Bank open banking solution for contact centers. It is the first in “a series of new agent-assisted, digital payment products that enable merchants… Read More

September 22, 2022 @ 7:59 am By Omar Faridi  |  

Hamburg Commercial Bank (HCOB) has completed the transformation of its SEPA (Single Euro Payments Area) payments business to a cloud-based, next-gen platform run by  global Fintech provider Broadridge Financial Solutions, Inc. (NYSE:BR). The transition was “made to Broadridge‘s Payments as a Service and BPO operation… Read More

September 21, 2022 @ 8:34 am By Omar Faridi  |  

Aiia, a Mastercard company, and NORD.Investments are announcing a collaboration that will “enable quick, easy and secure top-up open banking payments in Denmark’s largest independent digital investment advisor platform.” Until today, NORD.Investments customers “experienced some challenges when adding funds to the investment platform, as the… Read More

September 21, 2022 @ 12:18 am By Omar Faridi  |  

The Saudi Central Bank (SAMA) announces the licensing of two payment financial technology companies, including: Arab Sea Financial Company and Fatoraah in order to provide Payment services for e-commerce. This brings the total number of payment companies licensed by SAMA “to 21 companies, in addition… Read More

September 20, 2022 @ 9:52 pm By Omar Faridi  |  

The Taiwanese card payments market will “grow by 6.2% in 2022 to reach TWD3.5 trillion ($127.5 billion), as the country’s economy gradually recovers from the COVID-19 pandemic,” forecasts GlobalData, a data and analytics company. According to GlobalData’s Payment Cards Analytics, the value of card payments… Read More

September 19, 2022 @ 11:42 pm By Omar Faridi  |  

As the first of several other planned announcements to come from the region, OpenNode intends to test a bitcoin payment processing and payouts solution via the Central Bank of Bahrain (CBB’s) Regulatory Sandbox. Bitcoin payments had “been non-existent in the island nation until now, which… Read More

September 19, 2022 @ 9:05 pm By Omar Faridi  |  

One Inc, the digital payments network for the insurance industry, announced that Florida-based property insurer Tower Hill Insurance Group has selected One Inc’s outbound payment solution, ClaimsPay, “to streamline and improve digital payments processing for its customers.” The implementation of ClaimsPay will “enhance the outbound… Read More

September 16, 2022 @ 4:20 pm By Omar Faridi  |  

Ratio, a new kind of fintech platform that combines payments, predictive pricing, financing, and a frictionless quote to cash process into one platform for SaaS and technology companies, emerged from stealth and “announced raising $11M in venture funding and a $400M credit facility for customer… Read More

September 15, 2022 @ 8:42 pm By Omar Faridi  |  

For businesses operating in different jurisdictions, the cost and delays associated with FX and cross-border payments “remain a major pain point,” according to an update from Banking Circle. Banking Circle‘s study into SME attitudes to banking services “revealed that 42% of respondents thought their bank’s… Read More

September 15, 2022 @ 5:51 pm By Omar Faridi  |  

Bottomline, a provider of financial technology that makes business payments simple, smart, and secure, recently announced its acquisition of Nexus Systems, a provider of accounts payable (AP) and payments automation software “for the real estate and property management industries.” The Nexus procure-to-pay (P2P) solution “takes… Read More

September 14, 2022 @ 11:09 pm By Omar Faridi  |  

TD Bank, which claims to be America’s Most Convenient Bank, announced the launch of a collaboration with DailyPay, a fintech with an innovative on-demand pay solution. This capability “enables clients to give employees real-time access to earned pay prior to a scheduled payday.” Paul Margarites,… Read More

September 14, 2022 @ 10:47 pm By Omar Faridi  |  

Commonwealth Bank (CBA) has become the “first” major Australian bank to enable PayTo payments for CBA customers – a new digital way “to authorize payments from a CBA bank account, and the latest initiative from New Payments Platform Australia (NPPA).” As part of the PayTo… Read More

September 13, 2022 @ 8:35 pm By Omar Faridi  |  

Aurora Payments, LLC is pleased to announce the acquisition of One Payment, a Florida-based Fintech payment company. Co-founded by Luis Requejo and Jorge Calzadilla, One Payment “boasts over 6,000 merchants in its portfolio with particular emphasis on minority-owned small and medium sized businesses.” With over… Read More

September 13, 2022 @ 7:55 am By Omar Faridi  |  

Wise Platform (LSE:WISE) recently launched their newest integration solution, International Receive. As noted in a blog post, customers at partner organizations using International Receive will be able “to quickly, easily and affordably receive cross-border payments, even if their bank is not connected to the SWIFT… Read More

September 12, 2022 @ 5:44 pm By JD Alois  |  

JP Morgan (NYSE: JPM) has signed an agreement to acquire Renovite Technologies, Inc., a cloud-native payments payments provider. Details on the agreement were not immediately available. Headquartered in California with offices in the UK and India, Renovite was founded to develop the next generation of… Read More

September 11, 2022 @ 5:12 pm By Omar Faridi  |  

DailyPay, a financial technology company, recently announced the launch of Friday, a  general purpose reloadable (GPR) prepaid card and app, which “unlocks instant no-fee on-demand pay transfers for DailyPay users.” Friday, created in partnership with Visa, the digital payments giant, and The Bancorp Bank, Member… Read More

September 10, 2022 @ 9:36 pm By Omar Faridi  |  

The team at Yapily is looking forward to teaming up with fintech unicorn Pleo, which offers a smart business spending solution, “to enable a simplified payments experience for its UK users.” Research shows that 82% of businesses that fail “do so as a result of… Read More

September 10, 2022 @ 8:47 pm By Omar Faridi  |  

Easy Payment & Finance, which claims to be a leading financial payment and technology enabler in Spain, announced it has chosen digital payments platform, Carta Worldwide, a subsidiary of Mogo Inc. (NASDAQ:MOGO), to support its new card offering. Easy EP is reportedly among Spain’s major… Read More

September 10, 2022 @ 5:20 pm By Omar Faridi  |  

TerraPay, a global payments infrastructure company, has announced its partnership with Zai, the global financial technology company delivering embedded finance orchestration solutions. Together, TerraPay and Zai aim “to strengthen and unify the global payments ecosystem in Australia, by offering a seamless cross border payments experience… Read More