Tagged: payments

March 1, 2024 @ 8:50 am By Omar Faridi  |  

Socure, a provider of artificial intelligence [AI] for digital identity verification,  and Trustly, an Open Banking payments provider, today announced a partnership to offer merchants and Fintechs a streamlined onboarding and guaranteed Pay by Bank solution. This integration allows merchants, especially in industries “that require… Read More

March 1, 2024 @ 8:43 am By Omar Faridi  |  

Checkbook, an all-in-one payments platform, announced a multi-year collaboration with Visa (NYSE:V) aimed at expediting disbursements to businesses, institutions, and individuals across millions of endpoints around the country. This announcement builds on Visa and Checkbook’s incremental collaboration “with Checkbook having participated in the Visa FastTrack… Read More

February 29, 2024 @ 9:31 pm By Omar Faridi  |  

Orum is live with FedACH and will be adding FedNow and FedWire services. The direct connection to the Federal Reserve’s payment rails “as a service provider is part of Orum’s new money movement API, Deliver.” The Deliver API orchestrates and optimizes money movement “through Federal Reserve… Read More

February 29, 2024 @ 9:28 pm By Omar Faridi  |  

Eazy Financial Services (EazyPay), a Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa (NYSE: V), a global leader in digital payments, in order “to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer… Read More

February 29, 2024 @ 4:00 am By JD Alois  |  

Volt is the next Fintech to be approved by the UK Financial Conduct Authority (FCA) to be approved as an E-money service provider. Currently, Volt provides real-time payments. Frequently, once a platform is an E-money institution (EMI) they may offer additional financial services. Volt states… Read More

February 28, 2024 @ 12:31 pm By Omar Faridi  |  

Backbase says that Alacriti, a cloud-based payments and money services provider, will integrate its payments hub solution into the Backbase Engagement Banking Platform. Through this partnership, Backbase clients will be “able to offer instant payment capabilities to their customers. Backbase, leveraging Alacriti’s Orbipay Payments Hub, will… Read More

February 27, 2024 @ 8:18 pm By Omar Faridi  |  

Finix, the payments technology provider enabling businesses to accept and send payments, announced today that its suite of unified payment offerings is now available in Canada. This marks the company’s first international launch as it “continues to enable businesses of all sizes to create reliable… Read More

February 27, 2024 @ 8:02 am By Omar Faridi  |  

The European Council reportedly adopted a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries. The new rules will improve the strategic autonomy of the European economic and financial sector as they will… Read More

February 26, 2024 @ 9:41 pm By Omar Faridi  |  

Repay Holdings Corporation (NASDAQ: RPAY), a provider of vertically-integrated payment solutions, announced a new partnership and technology integration with Maxyfi, a provider of collections and accounts receivables management software for lenders, collection agencies, and law firms. The collaboration enables Maxyfi clients to “offer flexible payment… Read More

February 26, 2024 @ 2:09 pm By Omar Faridi  |  

Finzly, a payments systems for financial institutions, has announced that Quaint Oak Bank has selected it to modernize its payments infrastructure, providing a superior user experience and enabling them to grow their international and embedded banking businesses. Quaint Oak is an established financial institution “with… Read More

February 26, 2024 @ 8:29 am By Omar Faridi  |  

Adyen (ADYEN:AMS), the financial technology platform of choice for leading companies, and Billie, the B2B payments innovator, join forces to let Adyen’s customers enable B2B Buy Now, Pay Later (BNPL) payments services. By partnering up with Billie, Adyen reportedly “helps merchants and their business customers… Read More

February 26, 2024 @ 7:52 am By Omar Faridi  |  

Ebury, one of the largest fintech companies specializing in transactions for SMEs, announced its partnership expansion with Nium, the enabler of real-time global payments, to deliver a groundbreaking global remittance service in Brazil. The announcement follows regulatory “approval of Ebury’s acquisition of Brazilian fintech Bexs,… Read More

February 24, 2024 @ 2:26 pm By Omar Faridi  |  

The Qatar Central Bank will reportedly introduce the FAWRAN instant payment service. Qatar Central Bank (QCB) has called on the domestic banking institution to adjust their status as part of its plans to introduce the instant payment service (called Fawran) in March of 2024. The… Read More

February 23, 2024 @ 8:56 am By Omar Faridi  |  

In the Spring of 2023, the Swiss National Bank conducted its second payment methods survey of companies in Switzerland. Around 1,750 companies, across all sizes, language regions and industries, participated in this survey on payment method topics. In-depth knowledge of these topics helps the SNB… Read More

February 22, 2024 @ 7:11 pm By Omar Faridi  |  

Western Union (NYSE: WU)  and Mercado Pago have announced growth in their existing relationship, giving United States and Canadian customers the ability to send money from Western Union’s mobile app, its website, or from one of its retail locations to Mercado Pago wallet accounts in… Read More

February 22, 2024 @ 6:57 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank has announced the launch of a new payment hub that allows customers to conduct their transfers in a quick and efficient manner. ADIB has worked with the real-time payment solutions company, ProgressSoft, to facilitate the integration of Cross-Border Services and accelerate… Read More

February 19, 2024 @ 10:01 am By Omar Faridi  |  

A study from Juniper Research, the researchers focused on payments markets, has found that savings from the adoption of payment automation systems will “allow reinvestment in revenue-generating activities; driving an 18% growth in UK B2B payments by 2028, from 8.7 billion in 2024.” Automation of… Read More

February 19, 2024 @ 8:09 am By Omar Faridi  |  

Klarna, a global payment provider and shopping assistant, has launched “Sign in with Klarna” to offer consumers a smoother shopping experience with increased control over their own data. The service saves time for consumers “by fast-tracking the online purchase process and, if they consent to… Read More

February 18, 2024 @ 6:23 pm By Michael Wong  |  

Overseas Filipinos (OFs) sent home a record $3.6 billion in personal remittances in December 2023, marking a 3.9 percent increase from the $3.5 billion reported in the same month in 2022, according to data released by the Bangko Sentral ng Pilipinas, the central bank of… Read More

February 18, 2024 @ 10:45 am By Omar Faridi  |  

Building upon its initial enrolment in the Mastercard Engage Program, Episode Six (E6), a global provider of enterprise-grade payment processing and ledger infrastructure, announced it has been selected to join the Mastercard Engage Program for its instalments solution in Europe. Despite the challenging economic environment… Read More