PAYTECH

ALL PAYTECH NEWS

Millennials are more likely than older generations to report fraud, according to the FTC

According to statistics from the Federal Trade Commission (FTC) Consumer Sentinel reporting tool, millennials are 25% more likely to report losing money to fraud than …

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The majority of UK SMEs consider late payments to be ‘corporate crime’.

More than half (55%) of UK small and medium-sized enterprises (SMEs) believe that late payments are a corporate crime and should be greeted with a …

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FCA: Libra will lead to financial exploitation

The Financial Conduct Authority (FCA) believes Facebook’s scales will lead to financial exploitation, thus eliminating the need for major payment institutions. FCA’s Woolard is talking …

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Novo Banco updates payments with Fiserv

Portuguese bank Novo Banco has selected Fiserv for its corporate payment platform and benefit fee systems to consolidate its infrastructure and expand its end-to-end billing …

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FSB is investigating the regulatory potential of stablecoins

Randal K. Quarles, chairman of the Financial Stability Board (FSB), said the rise in stablecoins could pose regulatory challenges for the financial services industry. Quarles: …

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Five lessons global banks can learn from African fintechs

From payment solutions to peer-to-peer lending platforms, African fintech has been a trendsetter in the industry for some time. While the focus is often on …

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Nationwide executive: banks cannot do everything

“Banks can’t do everything,” said John Hutton, Nationwide’s payments director, in an exclusive interview with FinTech futures. John Hutton, nationwide “People expect everything possible from …

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Samsung equips digital wallet with debit card and cross-border payments

Samsung Pay has added a new prepaid virtual debit card called Samsung Pay Cash to its wallet, which allows customers to shop in-store and online, …

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Facebook’s Libra creates a shadow banking system, US banks say

Facebook’s scales create a “shadow banking system,” some of the largest banks in the US said at this month’s federal advisory council meeting. Major US …

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FCA cryptocurrency investigations up 74% in 2019

The Financial Conduct Authority (FCA) investigations into cryptocurrency businesses have increased 74% since 2018 as the regulator seeks to cement its role in overseeing emerging …

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IM payments arrive for Viber customers in Eastern Europe

German fintech Wirecard and Romania-based Libra Internet Bank are working together to deliver the instant messaging (IM) platform Rakuten Viber, a new money transfer service …

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FinovateFall 2019: AI, ML, robotics and digital first

Rutger van Faassen, Informa Financial Intelligence and HSBCs Pepper I recently spent three exciting days at FinovateFall 2019 in New York to experience the latest …

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CoinCorner CEO: Mark Cuban is “naive and short-sighted” about Bitcoin

Technology investor and billionaire Mark Cuban has been described as “naive” and “short-sighted” in his comments on Bitcoin. He compared Bitcoin to bananas and said …

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NatWest is the first UK bank to use a fingerprint contactless credit card with a £ 100 limit

NatWest is the first UK bank to introduce a fingerprint biometric credit card. Today she is starting her three-month national pilot project with 150 customers. …

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Tackling the global B2B payments challenge

SPONSORED INSIGHTS International companies increasingly expect global access to finance in real time. They also expect funding to be available to work for them in …

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A deeper look at deepfake technology

It is only a matter of time before cyber criminals attempt to use deepfakes as a common way to defraud businesses At a time when …

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The Unibank completes the processing phase of the TranzAxis migration

Azerbaijan-based Unibank has linked its internal processing directly to Mastercard. This is a step towards a full migration to the TranzAxis open payment platform from …

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Bank of India chooses Uniken REL-ID to secure digital channels

Commercial Lender Bank of India has selected Uniken and its REL-ID technology to secure their internet and mobile banking channels. Bank of India selected Uniken …

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Remote work starts Deel receives $ 14 million for Serie A led by Andreessen Horowitz

Deel, a payroll platform for remote workers, has completed a $ 14 million Series A round led by Andreessen Horowitz CNBC. As part of the …

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Al Alam goes into liquidation after the Wirecard audit by KPMG

Al Alam Solution Provider, a business hub in Dubai that is central to whistleblower allegations that the Wirecard payments group fraudulently increased sales and profits, …

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Streamlining remittance, empowering migrant workers and promoting global inclusion

Advances in fintech have changed people’s lives around the world. In many ways, fintech has made money management easier, for example by allowing us to …

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UK Fintech Fly Now Pay Later lands £ 35m Series A.

Fly Now Pay Later, a UK-based fintech company that distributes the cost of their vacation travel, has raised £ 35 million in a Series A …

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MoneyGram and Federal Bank enter into referral partnership

MoneyGram Payment Systems has signed a partnership agreement with the Indian Bundesbank to offer its customers in the region a direct transfer option to their …

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Ghana is the first African country to introduce a universal QR code

The Ghanaian central bank has introduced a universal QR code payment solution with HPS. This makes it the first African country to introduce a universal …

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Niche Global selects Volante to support European market entry

Hong Kong-based money transfer and debit card provider Niche Global has partnered with payment technology provider Volante Technologies. Niche Global plans to expand from its …

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Absa launches PowerCARD with HPS across Africa

Absa, one of the largest diversified financial services groups in Africa, has completed the modernization of its African operations outside South Africa with the help …

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The Swedish financial regulator chooses BearingPoint to drive data analysis forward

The Swedish Financial Inspectorate (Finansinspektiven) has chosen BearingPoint’s Abacus regulator to improve the analysis of their financial and regulatory data. The Swedish regulator is keen …

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IBM signs payments modernization contract with 75 Canadian credit unions

A joint venture of more than 75 Canadian credit unions has signed an eight-year multi-million dollar digital transformation contract with IBM. IBM claims the deal …

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Thai payments start-up Digio has raised $ 4 million in Series B funding

Thailand-based digital payments company Digio has raised $ 4 million in a Series B funding round with the country’s interbank payment provider Processing Center Company …

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Dealer Payments Fintech Primer brings in £ 3.8m

UK-based fintech Primer has raised £ 3.8m in funding in a round led by venture firm Balderton Capital with former TransferWise CEO Taavet Hinrikus. The …

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Modulr receives £ 18.9m in growth funding to help expand the market

British payment company fintech Modulr has raised £ 18.9m in growth financing in a round led by Highland Europe. Myles Stephenson, CEO of Modulr With …

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Bank of Cyprus goes live with the HPS PowerCard system

HPS has replaced ACI Worlwide and Bevertec at Bank of Cyprus Bank of Cyprus, the largest banking and financial services group in its home country, …

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Pay.UK introduces a framework for request to pay services

Pay.UK, the UK’s leading retail payment authority, has launched its RtP (Request to Pay) framework – its message standards, rules, terms and conditions that make …

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Goldfinch Partners acquires Fintech Vesta payments

Goldfinch Partners, a Washington-based private equity firm, has invested $ 125 million in Vesta to take control of more than 80% of the Oregon-based payment …

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JCB uses FIS Payment One switching and acquiring platform

International Payment Scheme JCB has selected FIS and its Payment One brokerage and purchase service. JCB has been working with Worldpay, which FIS acquired in …

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Real-time payments and fraud: what can be done?

The US is likely to have more problems with fraud and financial crime as real-time payments increase in both value and volume. The answers are …

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PayTech Awards winners: where are they now? Emailage – Best Ecommerce Initiative

Chris Thomas, Emailage: Criminal gangs are constantly sharing information to counter the industry’s need to do the same LexisNexis’ upcoming acquisition of Emailage “dominates the …

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MoneyGram signs remittance partnership with Al Rajhi Bank

MoneyGram International has signed a strategic partnership with Al Rajhi Bank and its remittance arm Tahweel Al Rajhi. Al Rajhi operates more than 600 branches …

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Landesbank Berlin is developing a commercial card program with SIA

The Landesbank endeavors to produce co-branding cards together with trading partners Landesbank Berlin has selected the payment infrastructure company SIA to underpin a range of …

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PayTech Awards winners: where are they now? Streeva – PayTech forever

The Streeva team In the first part of a series of interviews, we speak to some of the winners of last year’s PayTech Awards to …

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DBS Bank introduces a real-time payment solution for Indian truck drivers

DBS Bank India has introduced a Custom Application Programming Interface (API) platform to enable Indian truck drivers to make real-time payments. TCIL is one of …

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New international banking platform Cpay.uk starts

Cpay.uk, a new international banking platform founded by a former director of Credit Suisse and UBS, has gone out of stealth mode. Cpay.uk offers business …

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What about fintech? Episode 6 | Digital disruption: opening up new markets

The latest episode of What about fintech? is made available to you remotely with our own fintech expert Greg Watts. He is CEO of Findr, …

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Western Union is reportedly making a takeover bid for MoneyGram

Western Union is said to be looking at rival MoneyGram as a potential takeover candidate. Bloomberg Reports. The deal would merge two of America’s largest …

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TIS raises $ 20 million for its B2B payments platform

Treasury Intelligence Solutions (TIS) has raised an additional $ 20 million in funding led by Aquiline Technology Growth, an early and growth fund managed by …

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Conductor Selects ACI Worldwide Systems for Expansion in Latin America

The Brazilian card processor Conductor has selected the UP Retail Payments and UP Payments Risk Management platforms from ACI Worldwide as part of an expansion …

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The Thai paytech Synqa collects 80 million US dollars in the C series

Thailand-based paytech company Synqa has raised $ 80 million in a Series C financing round led by SCB 10X and Sparx Group. Synqa operates the …

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Clearhaus offers payment channels for PaynoPain

Clearhaus, the Danish retailer who is acquiring Fintech, has teamed up with PaynoPain, a provider of online payment tools, to provide the payment rails for …

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Checkout.com is valued at USD 5.5 billion and is listed on the US

Checkout.com, the payment platform founded in Great Britain, received a total of USD 150 million worth of USD 5.5 billion in its last financing round, …

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Wirecard shares fall when 1.9 billion euros in lack of cash are announced

Wirecard’s shares fell by more than 60% on June 18 after the German payment group postponed its annual results again and the auditors were unable …

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Banco Safra Selects ACI Worldwide to Support US Expansion

Brazilian private bank Banco Safra has selected ACI Worldwide to support a planned expansion into the US. ACI has already worked with Banco Safra in …

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