Tagged: payments

February 16, 2023 @ 4:35 am By Omar Faridi  |  

Mastercard (NYSE: MA) and global video game commerce company Xsolla announced plans to collaborate “on frictionless, secure, and rewarding payments for gamers — from enhanced checkout experiences using credit card loyalty points1 to simple in-game currency gifting to improved creator payout processes and more.” The… Read More

February 15, 2023 @ 3:17 pm By Omar Faridi  |  

Given today’s changing rules and economic uncertainty, the need for robust, pre-transaction account validation and risk modeling is “more important than ever.” However, most companies “don’t measure Bank Account Validation (BAV) performance at all, leaving themselves unaware of risk management outcomes, return on investment, and… Read More

February 14, 2023 @ 9:27 pm By Omar Faridi  |  

In a “first” for biometric payments in the UAE, Network International, the enabler of digital commerce in the MENA region, and Carrefour, owned and operated by Majid Al Futtaim in the UAE, announced that they have “implemented the Face Pay face verification platform for payments… Read More

February 14, 2023 @ 4:56 pm By Omar Faridi  |  

CSI, a provider of end-to-end fintech and Regtech solutions, announced that its comprehensive suite of prebuilt open APIs “has facilitated partnerships for ECHO Health, Inc. and MOCA Financial, Inc. with financial institutions to deploy Banking as a Service (BaaS) and payments initiatives.” CSI’s advanced application… Read More

February 13, 2023 @ 8:25 pm By Omar Faridi  |  

Nium expands its payments platform with ‘zero-Deduction’ wire transfers for payroll and procurement. Nium’s enhanced offering includes: Zero-Deduction fee structures, allowing no-limit ‘zero-deduction’ wire transfers through OUR, or shared costs through SHA structures; Payouts via wire transfers in 7 major global currencies, including USD, EUR,… Read More

February 13, 2023 @ 12:27 pm By Omar Faridi  |  

INDEXO, the pension management company that is now working on its new bank project, has selected its key banking technology platform – Mambu, a cloud-native banking platform already in use by banking institutions including Raiffeisen Bank, ABN AMRO’s New10, N26, Western Union and others. Mambu… Read More

February 13, 2023 @ 7:39 am By Omar Faridi  |  

Trustly, the global firm focused on Open Banking Payments, partners with PointsBet, an  online gaming operator, “to offer its players Instant Payouts in the United States, powered by Cross River.” In partnership with Cross River Bank, a financial services and technology infrastructure provider that offers… Read More

February 12, 2023 @ 7:54 pm By Omar Faridi  |  

Tazapay, a fintech company specializing in cross-border payments, announced that it has raised $16.9 million in its Series A funding round. Sequoia Capital Southeast Asia led the investment round, “with EscapeVelocity (escp.vc), PayPal Alumni Fund, as well as renowned angel investor Gokul Rajaram joining as… Read More

February 12, 2023 @ 6:48 pm By Omar Faridi  |  

Bungii, the “fast-growing” platform for big and bulky last-mile delivery, announced it has adopted workforce payments platform Branch in order “to streamline the payments experience for its growing network of drivers. Drivers that sign up with Bungii will onboard with Branch to receive fast, easy… Read More

February 11, 2023 @ 10:13 am By Omar Faridi  |  

Banking and payments conglomerate Fidelity National Information Services Inc (NYSE: FIS) is reportedly planning to break up its operations, which will involve undoing a $43 billion acquisition it finalized a few years back. This, according to sources familiar with the matter (and cited by Reuters)…. Read More

February 9, 2023 @ 10:43 pm By Omar Faridi  |  

A new insight report – The perfect payment partner? What merchants are looking for from their PSPs – from Banking Circle, the next generation technology-led Payments Bank, suggests that the services currently “offered by Payment Service Providers aren’t going far enough to support the shift… Read More

February 9, 2023 @ 4:16 pm By Omar Faridi  |  

ThetaRay, a provider of AI-powered transaction monitoring technology, and Piie, Inc., an insurtech providing an intelligent payment engine, announced a collaboration in order “to implement an advanced AML solution for insurance claim payments.” Through the agreement, Piie (Payments Intelligent Integration Engine) will “integrate ThetaRay’s AI-driven… Read More

February 9, 2023 @ 10:36 am By Omar Faridi  |  

Mazepay, the Danish Fintech platform that simplifies long-tail procurement and B2B payments, has “raised a €4M growth round, led by Scale Capital.” Participants in the investment round “include international investment firm Hambro Perks, and London-based early-stage venture capital firm Outward VC. Mazepay will use the… Read More

February 8, 2023 @ 9:30 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking solutions company, launched ‘Co-lend’, a fully automated escrow management solution for co-lending. ‘Co-lend’ has been developed in line “with the digital lending guidelines announced by the Reserve Bank of India (RBI).” It facilitates instant disbursal “with auto reconciliation… Read More

February 8, 2023 @ 2:47 pm By Omar Faridi  |  

Sionic, a provider of omni-commerce, faster digital payments solutions, today announced it is launching a suite of new, trust-based services “to address the significant challenges facing faster payments in the U.S. whether on The RTP® Network or upcoming FedNow™ bank rails.” The services are “designed… Read More

February 8, 2023 @ 8:37 am By Omar Faridi  |  

iwoca is announcing the integration of its B2B payment solution iwocaPay with Quickbooks’ accounting software package – this makes it “the first invoice checkout integration with a BNPL option for businesses that integrate with QuickBooks.” Quickbooks supports UK businesses “with their accounting needs via a… Read More

February 8, 2023 @ 1:17 am By Omar Faridi  |  

Wink, a Texas and California based, biometric identity and payments platform, is pleased to announce that it has received an additional $3M million of seed investment. This seed equity round “follows the $2.85 million previously raised in a pre-seed round in 2021-22.” The additional financing… Read More

February 7, 2023 @ 11:25 pm By Omar Faridi  |  

Innoviti Technologies in collaboration with Reliance Retail, ICICI Bank and Kotak Mahindra Bank announced the launch of in-store acceptance of retail payments via Digital Rupee – Retail [e₹-R]. After being the first to introduce dynamic QR based in-store UPI payments, Reliance Retail, in continuance of… Read More

February 7, 2023 @ 4:37 pm By Omar Faridi  |  

Northern Regional Hospital, a healthcare system of choice for the region, has partnered with DailyPay—the provider of on-demand pay—to provide an essential employee benefit to healthcare employees. Through the partnership, Northern Regional Hospital employees will “have the power of choice and control over their earned… Read More

February 7, 2023 @ 8:19 am By Omar Faridi  |  

Nucleus365, a UK-headquartered payment institution providing a centralized platform for international payment processing, FX, and connected banking, has introduced Rapid Transfer payment options for its European merchants. Rapid Transfer enables clients to pay merchants instantly using their online banking details, offering same-day settlements of funds…. Read More