Tag: payments
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Payments M&A bounces back in October
Payments M&A Bounces Back in October October proved to be a fruitful month for the payments industry as mergers and acquisitions (M&A) activities surged, indicating a significant recovery in the sector. Although the coronavirus pandemic initially caused a slowdown, organizations appear to be adapting to the new normal and seeking growth opportunities despite the ongoing…
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OpenWay partners with Clip E Payments
Image source: clipepayments.com OpenWay, the leading provider of digital payment solutions, has recently announced its partnership with Clip E Payments, a renowned fintech company specializing in mobile payments. This collaboration aims to revolutionize the digital payment landscape and offer a seamless consumer experience through innovative solutions. Innovating the Digital Payment Landscape As digital transactions continue…
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BitPay partners with Banxa to expand crypto payments access
BitPay, the world’s leading provider of Bitcoin and cryptocurrency payment services, has recently announced a strategic partnership with Banxa, a globally compliant fiat-to-cryptocurrency gateway solution. This collaboration aims to broaden the access to crypto payments worldwide. BitPay’s mission has always been to enable businesses and individuals to easily transact using cryptocurrencies. With this new…
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Three lessons in ACI’s $2.4B payments test disaster
Introduction In a shocking turn of events, ACI’s payments test disaster has seen the company face a staggering loss of $2.4B. This incident has shed light on critical shortcomings within ACI’s testing processes and serves as a wake-up call for the entire fintech industry. Let’s delve into the three key lessons we can learn from…
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UK Open Banking payments double in volume
UK Open Banking Payments Double in Volume Open Banking, a transformative financial technology, has been gaining momentum in the UK, enabling consumers and businesses to share their financial data securely with authorized third-party providers. The latest statistics indicate a significant surge in payment volumes, which highlights the growing adoption and trust in this…
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Why payments to government agencies should be easier
Managing payments to government agencies can often be a confusing and time-consuming process. As citizens, it is our responsibility to fulfill our financial obligations to the government promptly and accurately. However, outdated payment systems and complex procedures can make this task unnecessarily challenging. By embracing technology and streamlining payment processes, government agencies can significantly improve…
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ila Bank supports payments through Samsung Wallet
In an effort to enhance customer convenience, ila Bank, one of the leading digital banks, is pleased to announce its support for payments through Samsung Wallet. With the increasing popularity of smartphone wallets, ila Bank customers can now enjoy a seamless and secure payment experience using their Samsung devices. With Samsung Wallet, users can add…
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Mastercard partners with J.P. Morgan
Exciting news in the world of finance! Mastercard, a global leader in payment technologies and solutions, has recently announced a strategic partnership with J.P. Morgan, one of the leading financial institutions in the world. This collaboration is expected to create new opportunities for customers and drive innovation in the payments industry. With this partnership,…
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Nium expands B2B travel payments offering in APAC
Nium, the leading global B2B payment platform, announced the expansion of its travel payments offering in the Asia-Pacific region (APAC). With the aim to better serve travel companies and their customers, Nium is enhancing its platform to provide a seamless and secure cross-border payment experience. As the tourism industry rapidly grows in APAC, travel companies…
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TrueLayer joins Stripe’s Payment Element for Open Banking payments
TrueLayer, a leading provider of financial APIs, has announced its integration with Stripe’s Payment Element for Open Banking payments. This collaboration brings together two powerful platforms, revolutionizing the way businesses handle online payments. Open Banking has emerged as a groundbreaking initiative, fostering innovation and competition in the finance sector. It allows customers to…
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Payments funding slips further
Payments Funding Slips Further The recent economic turmoil has had a lasting impact on various sectors, and the payments industry is no exception. As the repercussions of the global pandemic continue to unravel, payment businesses are facing yet another setback. With governments implementing strict lockdown measures and customers staying indoors, the demand for cashless payments…
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Aktia partners with Temenos to modernise payments
Helsinki, Finland – Leading Finnish financial institution Aktia Bank has announced a strategic partnership with Temenos, a global banking software company, to revamp its payment infrastructure and enhance its digital banking services. Aktia Bank, with its celebrated history of customer-centric innovation and exceptional financial expertise, is dedicated to providing the best banking…
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Nuvei partners with Esenda
In an exciting development, Nuvei, a global payment technology provider, has announced its partnership with Esenda, a leading digital payment solution provider, to offer enhanced payment services and solutions to businesses and consumers worldwide. This collaboration between Nuvei and Esenda aims to simplify payment processes and provide a seamless experience for both merchants…
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Alchemy Pay and Trekki NFT join forces
Alchemy Pay, a global cryptocurrency payment gateway, and Trekki NFT, an emerging marketplace for unique digital collectibles, have recently announced their collaboration to enhance the use and adoption of non-fungible tokens (NFTs) within the digital payments space. The partnership aims to leverage Alchemy Pay’s seamless cryptocurrency payment solutions and Trekki NFT’s innovative NFT marketplace to…
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Payments Europe publishes on the value of cards in Europe
A comprehensive analysis of the significant role cards play in Europe’s payment landscape Payments Europe, a leading industry association representing payment service providers across Europe, has recently released an insightful report highlighting the value and impact of card payments within the European financial ecosystem. The report sheds light on how the adoption of cards has…
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Lloyds Bank augments its payments suite with FreedomPay
London, UK – Lloyds Bank, one of the leading financial institutions in the United Kingdom, announced today its decision to enhance its payments suite by incorporating FreedomPay, a state-of-the-art payment technology provider. With this strategic integration, Lloyds Bank is effectively embracing the future of payment solutions to better serve its customers and offer enhanced…
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Masabi partners with Worldpay from FIS
London-based tech company Masabi has recently announced a strategic partnership with Worldpay from FIS, one of the world’s leading payment processing solutions providers. This collaboration aims to revolutionize the way people pay for public transport, making commuting more convenient and hassle-free. Masabi specializes in mobile ticketing and innovative fare collection solutions, while Worldpay from FIS…
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CFPB’s Chopra warns of ‘financial censorship’ in payments
The Consumer Financial Protection Bureau’s (CFPB) nominee Rohit Chopra has raised concerns about what he calls “financial censorship” in the payments industry. In a recent speech, Chopra emphasized the need for increased transparency and fairness to protect consumers’ rights and prevent them from being silenced or excluded from the financial system. Chopra highlighted that the…
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Payments conferences to consider for 2024
Payments Conferences to Consider for 2024 Attending payments conferences can offer immense value to professionals in the finance and banking industry. These events provide a platform for networking, gaining insights into the latest trends, and discovering innovative solutions that can transform the payment landscape. To help you plan your calendar for 2024, here are some…
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Payments bill defies congressional rancor
In an extraordinary turn of events, bipartisan cooperation has led to the successful passing of the highly anticipated payments bill in Congress. This bill, aimed at modernizing the payment system and enhancing consumer protections, defies the usual rancor and polarization that characterizes the current political climate. For years, lawmakers have been divided on numerous issues,…