Tagged: virtual payments

UK Fintech Currencycloud Obtains In-Principle Approval for Major Payment Institution License Holder from MAS

Currencycloud, a Visa solution and the specialists in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) license holder from the Monetary Authority of Singapore (MAS). The license will allow Currencycloud to “provide a full suite… Read More

Visa Introduces Extended Digital Wallet Capabilities via Commercial Pay, a B2B Payment Solution

Visa (NYSE:V), a global enabler of digital payments, announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay, the provider of virtual payments technology, to enhance how businesses manage transactions globally. The innovation enables… Read More

iBanFirst, a Global Payments Provider, Releases Study Identifying Reasons for Firms to Expand Operations Across Europe

Central and Eastern Europe (CEE) is set to become the next “great place” to invest in as Western European businesses “seek new places to nearshore, offshore, or get access to growing consumer markets,” according to an update from iBanFirst. iBanFirst, a global provider of foreign… Read More

Web3 Adoption: Visa Introduces Web 3 focused Engagement Initiative

Visa (NYSE: V), a digital payments firm, announced the launch of the Visa Web3 Loyalty Engagement Solution. The new value-added service reportedly aims to usher in “the future of customer engagement and loyalty, helping brands meet next-generation customers where they increasingly are – in digital… Read More

Payments Canada Update: Automated Clearing Settlement System and Lynx Cleared and Settled Transactions Valued at Over $106 Trillion

At Payments Canada they aim to dedicate resources to the delivery, operation and governance of payment systems that are innovative, secure and globally connected. As the fourth quarter of 2023 is quickly coming to a close, Tracey Black, the President and CEO at Payments Canada,… Read More

BNPL Fintech Affirm Introduces Flexible Payment Options via Google Pay for Online Checkout in the US

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced their flexible and transparent payment options will be “offered to consumers and merchants that use Google Pay for online checkout in the U.S.” Beginning in Q1 2024, Affirm will be “available… Read More

Shieldpay, the B2B Digital Payments Provider, Appoints Diji Adu as CTO

Shieldpay, the firm focused on complex high-value B2B digital payments, has announced the appointment of Diji Adu as Chief Technology Officer. Adu, formerly Director of Technology at Shieldpay “brings over 20 years of leadership and software development experience to his new role.” Prior to joining… Read More

Fintech TodayPay Introduces Faster Payment Tech, Helping Merchants with Obtaining Instant Refunds

TodayPay Inc. emerged from stealth mode to unveil the world’s first faster payment technology solution helping merchants “offer their customers instant refunds in multiple payment choices.” TodayPay is a technology company supporting a new category in payments “called Refunds as a Service™ – an entire… Read More

Bluefin, the Payments Fintech Focused on PCI-Validated Encryption and Tokenization Technologies, Partners with CORE

Bluefin, the integrated payments firm focused on PCI-validated encryption and tokenization technologies that protect payments and sensitive data, announced a partnership with CORE, a provider of enterprise revenue and payment management solutions, to bring a new level of payment security to CORE’s customer base. Bluefin… Read More

Fiserv, Blackhawk Network to Expand Bill Pay Options for Cash-preferred Clients

Fiserv, Inc. (NYSE: FI), a global provider of payments and financial services technology solutions, will expand access to walk-in bill payment through a strategic relationship with Blackhawk Network (BHN), a global branded payments firm. Consumers who prefer the convenience of paying household bills, “including rent,… Read More

Real-Time Payments Adoption: Majority of Firms to Utilize RTP in Coming Years, Survey Reveals

The 2023 AFP Real-time Payments Survey, conducted by the Association for Financial Professionals (AFP), found that corporates plan “to drastically increase their use of real-time payments in the next five years to benefit from lower transaction costs, improved transparency into the payment process, increased efficiency,… Read More

Fintech Orum Introduces Solution on Top of FedNow to Instantly Verify Bank Accounts

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

UK Fintech Modulr, Hastee to Help Provide Workers Early Access to Part of Earned Pay

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

DailyPay, a Fintech Focused on Earned Wage Access Services, Available via Oracle Cloud Marketplace

DailyPay, a Fintech focused on earned wage access, and a member of Oracle Partner Network (OPN), announced it is available on Oracle Cloud Marketplace and can be integrated with Oracle Fusion Cloud Human Capital Management (HCM). Oracle Cloud Marketplace is described as “a centralized repository… Read More

Southeast Asia: Regional Payment Connectivity Expansion to Include State Bank of Vietnam

The State Bank of Vietnam (SBV), the central bank of Viet Nam, has officially joined the Regional Payment Connectivity (RPC) initiative. This recent development is “an expansion of the Memorandum of Understanding on Cooperation in Regional Payment Connectivity (MOU RPC) that was initiated by the… Read More

Digital Transactions: Noqodi, Network International to Enhance Virtual Payments Offering

noqodi, a Fintech company has broadened its collaboration with Network International (Network), the enabler of digital commerce across the Middle East and wider MEA region, enabling the company “to expand digital payments acceptance for a wider range of sectors beyond just government and private sector… Read More

Malaysia, Remittances: TNG Digital, Tranglo to Expand Remittance Payments Services

Tranglo is pleased to announce a partnership with TNG Digital Sdn Bhd that allows the Malaysian fintech giant “to expand its cross-border remittance services to millions of customers.” TNG Digital will leverage Tranglo’s network and infrastructure integration “to let its users send money directly from… Read More

Digital Transactions: Mastercard Now Supports CVC-less Payments for Tokenized Cards in India

Mastercard (NYSE: MA) recently announced the introduction of Cardholder Verification Code (CVC)-less online transactions “for its debit and credit cardholders who have tokenized their cards on merchant platforms.” The move aims to “reduce the checkout time and make virtual transactions hassle-free and more secure.” CVC… Read More

Alternative Payments Account for Almost 40% of Digital Commerce Transactions in Singapore: Report

Alternative payment methods such as mobile and digital wallets are being widely used in the e-Commerce space in Singapore, “accounting for 38.6% of the payments made on the online payments in 2023,” reveals GlobalData, a data and analytics company. GlobalData’s e-Commerce Analytics reveals “that Singapore’s… Read More

Fintech Conotoxia to Allow Corporate Clients to Send Links to Other Users to Pay for Joint Purchases, Other Transactions

Conotoxia fintech’s individual and corporate users can “send other people links to pay for a joint restaurant meal, collect funds for a gift, and also, for example, tutoring or goods purchased at a market.” The new service is called “Accept payments”. Links can be paid… Read More

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