Tagged: payments

January 29, 2022 @ 12:36 pm By Omar Faridi  |  

More than 1.5 million US banking/payment cards may reportedly be found via the dark web, according to a study carried out by cybersecurity firm NordVPN. The study by NordVPN reveals that a total of 1,561,739 American payment card details had been discovered by researchers. This… Read More

January 28, 2022 @ 7:10 pm By Omar Faridi  |  

Bank Indonesia (BI) and Bank Negara Malaysia (BNM) announced on January 27, 2022 that they’ve launched a cross-border QR payment linkage. It will “enable instant, secure and efficient cross-border payments between Indonesia and Malaysia.” Via this linkage, consumers in both nations will be able to… Read More

January 28, 2022 @ 6:04 pm By Omar Faridi  |  

InComm Payments, a payments tech firm, announced that it has teamed up with Cuentas, Inc. (Nasdaq: CUEN & CUENW), a Fintech provider of mobile banking and payment solutions focused on Hispanic and Latino communities, in order to issue transit cards (tap and go) at participating… Read More

January 28, 2022 @ 12:43 pm By Omar Faridi  |  

The UK’s Payment Systems Regulator (PSR) has released its initial remedies consultation for its card-acquiring market review. Each time a consumer carries out a card payment – for instance, when purchasing their weekly groceries – the merchant makes use of card-acquiring services to take the… Read More

January 28, 2022 @ 9:08 am By Omar Faridi  |  

Established back in 2017 by Rafal Andzejevski and Maxim Ivanchenko, London-headquartered payments Fintech PayAlly has reportedly acquired an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA). Supporting the Authorized Payment Institution license currently held by the Fintech company, this new permit… Read More

January 28, 2022 @ 8:34 am By Omar Faridi  |  

SAP SE (NYSE: SAP) has announced its plan to acquire a majority stake of Taulia, a provider of working capital management solutions. As mentioned in the update, the move is aimed at giving firms improved access to liquidity and enhancing their cash flows. The acquisition… Read More

January 27, 2022 @ 9:15 am By JD Alois  |  

Apple (NASDAQ:APPL), the largest publicly-traded company in the world, is predicted to enable credit card transactions directly via its ubiquitous iPhone. The new feature will challenge all credit card terminal providers like Block/Square (NYSE:SQ) that generate massive amounts of revenue by processing payments via credit… Read More

January 26, 2022 @ 4:18 pm By Omar Faridi  |  

Silicon Valley Fintech Unicorn Brex and 1Password have teamed up to make online payments secure and a lot less frictionless. As mentioned in the announcement, 1Password clients may now use Brex virtual credit cards to “check out online with just two clicks.” Brex is a… Read More

January 26, 2022 @ 8:30 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, is introducing a  physical card in the United Kingdom, allowing consumers the chance to take advantage of Buy Now, Pay Later or BNPL options at traditional bricks and mortar store locations. Currently available in either black… Read More

January 26, 2022 @ 1:31 am By Omar Faridi  |  

BR-DGE, the payment orchestration provider, has announced “major” growth plans for 2022, following a “substantial” follow on investment from existing shareholders in Q3 2021. Led by Brian Coburn, BR-DGE’s platform aims to streamline online payments for merchants by providing a range of payment options through… Read More

January 25, 2022 @ 10:47 pm By JD Alois  |  

Inter, a Brazilian financial “super app,” has announced it has been approved to acquire USEND, a service offering transfers and payments, as well as non-financial services to more than 150,000 customers across 40 US states. USEND’s digital money transfer platform lets users make international transactions… Read More

January 25, 2022 @ 3:12 pm By Omar Faridi  |  

SoftPOS is an app created by Nexi, which is one of Europe’s Paytech firms operating in high growth markets and technologically-advanced economies. SoftPOS has been introduced for the business customers of UniCredit Bank. With SoftPOS, users are able to provide the option of card payment… Read More

January 25, 2022 @ 8:38 am By JD Alois  |  

Modulr, a payments Fintech based in Amsterdam, has been approved to operate as an Electronic Money Institution (EMI) by De Nederlandsche Bank (DNB).  Modulr is already approved to operate as an EMI in the UK and Ireland. Modulr states that it doubled its lifetime payment… Read More

January 25, 2022 @ 8:11 am By Omar Faridi  |  

Digipost, one of Norway’s largest digital mailbox providers, has reportedly chosen the Neonomics unified API platform in order to support the introduction of account-to-account payments to its 2,7 million clients. Digipost is one of the most actively used digital invoicing services in the Nordic region…. Read More

January 24, 2022 @ 10:23 pm By JD Alois  |  

Former senior Westpac executive Jim Tate has been appointed as the Chairman of Fintech mx51. mx51 is a payments-as-a-service provider that enables banks and non-banks to provide multi-channel payments and value-added solutions to merchants. mx51 reports that it currently powers major Australian banks and payments providers… Read More

January 21, 2022 @ 6:37 pm By Omar Faridi  |  

SaaS banking platform Mambu and an international provider of Cloud payments and financial messaging solutions, Volante Technologies, announced a collaboration to assist banks and lenders with streamlining their banking and payment infrastructures. The partnership should enable joint clients to “speed delivery of innovative payment products… Read More

January 21, 2022 @ 6:27 pm By Omar Faridi  |  

Moneycorp Americas, a provider of international payments and FX risk management solutions, has reportedly expanded its in-country payment capabilities by providing access to alternative payment channels in the APAC area, LatAm, as well as other world regions. As mentioned in a release, this fortified infrastructure… Read More

January 21, 2022 @ 8:42 am By Omar Faridi  |  

Routefusion, which claims to offer the most “comprehensive” Fintech solution for unlocking global expansion, has announced their $10.5 million seed “prime” funding round co-led by Canvas Ventures and Silverton Partners along with contributions from other investors. Other parties in Routefusion’s investment round reportedly include: Haymaker… Read More

January 20, 2022 @ 8:43 pm By Omar Faridi  |  

Qi (formerly Stark Payments), a company that enables businesses to accept virtual currencies like Bitcoin, Ethereum and others as a regular payment, has raised 66% (£231,497) of its £350,000 target from 160 investors (at the time of writing) through its crowdfunding campaign carried out via… Read More

January 20, 2022 @ 11:36 am By Omar Faridi  |  

Mitch Trehan, UK Head of Compliance and MLRO at Banking Circle, has reportedly joined The Payments Association’s Advisory Board alongside other industry professionals from across the payments sector. Meeting as a team of 19 for the first time in January 2022, the Board intends to… Read More