Tagged: virtual payments

December 6, 2021 @ 10:15 pm By Omar Faridi  |  

i2c Inc., a provider of digital payment and banking tech, has announced its partnership with BEYON Money, the mobile super app introduced by Batelco Financial Services, which is the Fintech unit of Bahrain’s digital solutions and telecommunications provider. Backed by a recently-secured Open Banking license… Read More

December 6, 2021 @ 9:25 pm By Omar Faridi  |  

B2B cross-border payment provider, Verto, has teamed up with payments bank, Banking Circle, in order to streamline global payments for its customers. Utilizing the Banking Circle Virtual IBAN solution, alongside access to Banking Circle’s domestic payment channels, Verto is “addressing the pain points of complicated… Read More

December 1, 2021 @ 10:57 pm By Omar Faridi  |  

ACI Worldwide, an international provider of real-time payments and virtual payment software services, has introduced its Network Intelligence Technology as a key part of ACI Fraud Management. The tech allows banking institutions, processors, acquirers, and networks to complement fraud prevention strategies by enabling them to… Read More

November 30, 2021 @ 8:07 pm By Omar Faridi  |  

London’s Clear Junction has announced that it’s offering solutions to Paynet which aim to support its vision for cross-border payments services from European markets into Moldova. Paynet is reportedly the first digital wallet platform operating in Moldova. It runs one of the most extensive payments… Read More

November 30, 2021 @ 11:37 am By Omar Faridi  |  

Interac Corp. has announced an agreement with Microsoft (NASDAQ: MSFT) in order to use Microsoft Azure‘s cloud capabilities to securely manage the “continued growth of digital transactions, enabling greater innovation and ultimately faster payments.” As a key player in Canada‘s payments ecosystem, Interac has seen… Read More

November 18, 2021 @ 2:49 pm By Omar Faridi  |  

As the demand for fast, highly secure, and seamless virtual payments solutions continues to rise, Mastercard (NYSE: MA) has teamed up with Home Remitt in order to support migrants residing in South Africa by safely sending funds in near real-time to their friends and family… Read More

November 18, 2021 @ 10:23 am By Omar Faridi  |  

Online lending platform, NewDay, has introduced an instant access digital credit account with flexible repayment terms which are aimed at protecting its business from the competition from Buy Now, Pay Later or BNPL providers. Newpay provides clients with a credit limit of £5,000, which may… Read More

November 11, 2021 @ 9:57 am By Omar Faridi  |  

Afterpay (ASX:APT), a provider of Buy-Now-Pay-Later (BNPL) payments, has announced that its in-store payments solution is currently available at major retailers “just in time for the busy holiday shopping season – including Nordstrom and Nordstrom Rack, J.Crew, Madewell, American Eagle, Aerie, Tilly’s, Morphe, Alo Yoga,… Read More

November 8, 2021 @ 3:41 pm By Omar Faridi  |  

Even though there has been considerable economic uncertainty due to the COVID-19 outbreak, recent data from Payments Canada reveals that the nation’s residents feel that the worst might be behind them and are fairly optimistic regarding their financial wellbeing. Although 56% stated that they spend… Read More

November 4, 2021 @ 9:01 pm By Omar Faridi  |  

Saudi British Bank (SABB) has announced the launch of its Instant Cross-Border Transfer Service for the United States Corridor via the blockchain payment tech powered by Ripple. The launch of this service was confirmed during the fifth edition of “The Future Investment Initiative Institute” led… Read More

November 4, 2021 @ 7:56 am By Omar Faridi  |  

On November 3, 2021 (at 15:00 UTC), Stellar validators had reportedly voted to upgrade the network to Protocol 18, which adds Automated Market Maker (AMM) functionality to the Stellar protocol. As mentioned in an update shared with CI, this makes Stellar one of the earliest… Read More

November 1, 2021 @ 10:09 pm By Omar Faridi  |  

Unified Payment Interface, the easier way to transfer money from one bank in India to another, requires people to successfully complete the process of UPI registration. In order to do this, consumers need to create a unique UPI ID on any mobile payments app, like… Read More

November 1, 2021 @ 2:35 pm By Omar Faridi  |  

The World Payments Report from Capgemini has looked into the major trends, drivers, opportunities, and risks that are transforming the financial services sector. The report mainly focuses on the beginning of a new era, called ‘Payments 4.X’, an experience-driven environment that’s leading to greater industry… Read More

October 29, 2021 @ 7:50 am By Omar Faridi  |  

LHV UK, the financial and payment services platform for Fintechs, is forming a partnership with Tuum, the modular Core banking platform providing back-end systems which aim to support transactional retail and business banking. Through the partnership, Tuum will aim to provide a single API-powered payments… Read More

October 28, 2021 @ 3:18 pm By Omar Faridi  |  

Walmart (NYSE: WMT) and InComm Payments, a payments tech firm, has unveiled  a more convenient and effective way for clients to settle their bills or top-up prepaid accounts nationwide at over 4,700 Walmart locations in the US via VanillaDirect. Bringing this service to Walmart stores… Read More

October 25, 2021 @ 2:45 pm By Omar Faridi  |  

VisionLabs, the facial recognition company, has announced the launch of its biometric payment hardware — the VisionLabs LUNA POS Terminal. The certified terminal is the first payment device to enable traditional credit card payments and biometric facial recognition payments. With six design and three utility… Read More

October 17, 2021 @ 2:17 pm By Omar Faridi  |  

Salt Edge, a Financial API platform has partnered with Italian Fintech accelerator Supernovae Labs in order to support Italian financial institutions and third-party providers with aggregating banking data and carrying out payments enhanced by PSD2. Through their collaboration, Salt Edge and Supernovae Labs are providing… Read More

October 15, 2021 @ 5:30 pm By Omar Faridi  |  

Veem, the international payment network for SMBs, announced a partnership with Visa (NYSE: V), the leader in virtual payments. Now, more than 400,000 of Veem‘s clients will get access to a new SMB Visa card program and digital money movement capabilities via Visa Direct, which is… Read More

October 12, 2021 @ 6:18 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq and TSX: NVEI), the international payment tech partner of major brands, reveals that it’s teaming up with Visa, the leader in virtual payments, in order to offer Nuvei’s US customers with access to quick payouts via implementation of Visa Direct, which is… Read More

October 11, 2021 @ 10:16 pm By Omar Faridi  |  

As digital wallet usage accelerates, international payments provider Blackhawk Network and Magstar Inc., an ERP software provider for midsized retailers, have teamed up to expand digital wallet acceptance and improve virtual payments options in-store. Through this relationship, merchants and retailers are able to conveniently expand… Read More