Fintech Finance

APRIL 8, 2025

BPC boosted its issuing and acquiring capabilities with SmartVista through modern card management and switching solutions, allowing ACLEDA to offer debit, credit and innovative virtual cards of international and local schemes quickly. Over the years, the bank greatly enhanced its ability to deliver digital innovations.

PCI DSS 94

PCI DSS ATM Debit Card Accreditation 94

Fintech Finance

JULY 15, 2024

BNP Paribas will work with Alipay+, the cross-border mobile payment and digitalisation technology solutions operated by Ant International, to enable thousands of merchants that use BNP Paribas’ acquiring service across Europe to accept payments from more than 25 international mobile partners via Alipay+.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Treasury Management Treasury 98

Fintech Finance

FEBRUARY 28, 2024

In a groundbreaking partnership, Eazy Financial Services “EazyPay” , a leading Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa , a global leader in digital payments, to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer base.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Funds Transfer Payment Gateways Cross-Border 52

PYMNTS

OCTOBER 1, 2020

Global payment solutions provider Castles Technology has acquired Spire Payments , a provider of electronic funds transfer at point of sale (EFTPOS) systems, the company announced in a Thursday (Oct. 1) press release.

Technology 68

Technology Payments Enrollments Funds Transfer 68

Payments Source

JUNE 28, 2016

People and businesses expect access to their money and payments in real-time, and electronic funds transfers such as Fedwire and Swift transfers offer a convenient way to send payments to vendors, clients and partners rapidly.

FedWire 64

FedWire Funds Transfer SWIFT Payments 64

Finextra

FEBRUARY 28, 2024

In a groundbreaking partnership, Eazy Financial Services “EazyPay”, a leading Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa, a global leader in digital payments, to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer base.

Point-of-Sale (POS) 45

Point-of-Sale (POS) Payment Gateways Funds Transfer Gateways 45

Finovate

AUGUST 9, 2024

Mexican fintech Stori secured $212 million in equity and debt funding. Canadian fintech Nuvei agreed to acquire Brazilian licensed Payment Institution, Pay2All. Estonian fintech Paywerk has been acquired by Swedish banking group Swedbank AB. Flutterwave secured a payment service provider license from the Bank of Ghana.

Electronic Funds Transfer (EFT) 106

Electronic Funds Transfer (EFT) Cross-Border Payments Financial Inclusion Cross-Border 106

EBizCharge

MAY 15, 2024

Payment methods commonly used in B2B transactions include bank transfers, checks, electronic funds transfers (EFT) , credit cards, and increasingly digital payment platforms. Payment Authorization: Before the funds are transferred, the payment may undergo authorization processes to ensure security and legitimacy.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

MARCH 22, 2019

In Africa, and in a different form of investment activity – this time through acquisition – Lagos FinTech startup OneFi said it will acquire Nigerian FinTech Amplify for an undisclosed amount. OneFi had previously secured a $5 million lending facility from Lendable and struck a payments partnership with Visa.

FinTech 71

FinTech Origination Funds Transfer Acquirers 71

Fintech News

APRIL 28, 2024

Nium’s extensive portfolio includes licenses covering over 40 countries, with recent approvals including a Type 1 Funds Transfer Service Provider license in Japan, Prepaid Payment Instrument and Payment Aggregator licenses in India, and registration on New Zealand’s Financial Service Providers Register.

Payment APIs and Integration 114

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 114

Finovate

MARCH 11, 2024

Payments Visa and Western Union expand their partnership to enable cross-border fund transfer to more than 40 countries. Regtech Governance risk and compliance consultancy fscom acquires risk and compliance solutions provider FMConsult. Let’s see if this week’s news projects a luckier year for fintechs.

FinTech 52

FinTech Cross-Border Funds Transfer Compliance 52

Payment Savvy

NOVEMBER 8, 2022

Unlike an ACH transfer, there is no fixed definition of an EFT transfer – at least not in the singular sense. EFTs constitute a whole range of digital transfer and payment methods. EFT stands for Electronic Fund Transfer, while ACH stands for Automated Clearing House.

ACH 98

ACH Payments Debit Card Online and Mobile Banking 98

Clearly Payments

JUNE 7, 2024

The API authenticates the request, forwards transaction details for authorization by the respective banks, and processes the transfer of funds upon approval. Finally, the acquiring bank settles the funds with the merchant, completing the transaction cycle.

Payment Gateways 59

Payment Gateways Gateways API Payment APIs and Integration 59

PYMNTS

JUNE 17, 2020

Nium will be able to issue both consumer and commercial cards that support real-time funds transfers, with Nium pointing to use-cases for the capability that include real-time payroll transfers to a Visa debit card. Cardpay Acquired By Infibeam.

Commercial Card 67

Commercial Card Returns Debit Card Reconciliation 67

Clearly Payments

DECEMBER 5, 2023

This comprehensive guide aims to unravel the complexities and distinctions among three primary types of payment processors: Acquirers, Independent Sales Organizations (ISOs), and Aggregators. Acquirers or Acquiring Banks Acquirers, also known as acquiring banks , form the backbone of the payment processing ecosystem.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

Payment Savvy

JULY 3, 2024

As the preferred method for many, debit card transactions offer convenience, security, and immediate fund transfers, making them integral to modern commerce. This information is then sent securely to the acquiring bank. The transaction is completed if approved, and the funds are held for settlement.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Finovate

JULY 15, 2024

The partnership will allow BNP Paribas’ merchant clients that use its acquiring service across Europe to accept payments from more than 25 international mobile partners via Alipay+. For the first collaboration, BNP Paribas will work with Ant International’s Alipay+ , a cross-border mobile payment solution.

Cross-Border 59

Cross-Border Cross-Border Payments Treasury Management Online and Mobile Banking 59

Finovate

OCTOBER 11, 2024

Already available in other markets, Worldline’s Paysuite Essential Edition offers issuing, acquiring, authorization, switching, and routing functionality. Croatia-based fintech Fonoa acquired PwC UK’s GITC product to faciliate management of partial tax exemptions.

Multi-Currency 104

Multi-Currency Stablecoins Visa Cross-Border Payments 104

The Fintech Times

JULY 15, 2024

BNP Paribas plans to work with Alipay+, the suite of cross-border mobile payment and digitalisation technology solutions operated by Ant International, enabling the thousands of merchants using BNP Paribas’ acquiring service to accept payments from more than 25 international mobile partners.

Cross-Border Payments 49

Cross-Border Payments Cross-Border Payment Solutions Treasury Management 49

Fintech Finance

MARCH 11, 2024

By removing transfer fees to all banks and fintech platforms on its app, PalmPay has now empowered its millions of customers to enjoy endless fund transfers to family and friends, pay their bills seamlessly, and manage their finances more effectively.

Financial Inclusion 52

Financial Inclusion Cross-Border Funds Transfer FinTech 52

Stax

APRIL 30, 2024

TL;DR Merchant processing ensures that all entities, such as the issuing bank, the acquiring bank, and the card company, work cohesively to facilitate payments between a customer and a business. These entities include the issuing bank, the acquiring bank, the card or digital payment company, and the payment processor.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

Clearly Payments

APRIL 3, 2024

Funds Transfer: The payment processor initiates the transfer of funds from the issuing bank to the acquiring bank (the merchant’s bank) for settlement. Merchant Account: Once the funds are received by the acquiring bank, they are deposited into the merchant’s account , minus any processing fees.

Process 59

Process Processors Online and Mobile Banking Payments 59

PYMNTS

NOVEMBER 22, 2017

Two years after being acquired by PayPal , digital money transfer service Xoom has a story that it wants the world to know. Xoom’s mission to make international funds transfer easy and digital – and to do it at scale – is a natural fit with PayPal’s broader vision of democratizing financial services.

Cross-Border 46

Cross-Border PayPal Funds Transfer Caps 46

Neopay

NOVEMBER 27, 2023

Increasingly, consumer preferences for one-stop shop super apps and dissatisfaction with the speed and cost of bank transfers are tilting the balance in favour of Big tech companies entering the payments market. These firms would have to adhere to applicable funds transfer, privacy, and other consumer protection laws.

CashApp 52

CashApp FinTech Rules Non-Bank 52

PYMNTS

DECEMBER 12, 2019

The rule took effect in April of this year and is known as the “Prepaid Accounts Under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) Rule.” PayPal stated in the filing that the rule is an initiative to regulate prepaid or general purpose reloadable cards. “The

CFPB 55

CFPB PayPal Rules Consumer Financial Protection Bureau (CFPB) 55

PYMNTS

JULY 30, 2018

Lloyds acquired HBOS in 2009, after the fraud had occurred. Separately, Lloyds was hit with a recent glitch that prevented the bank from facilitating fund transfers. The scam has been called one of the worst banking scandals in U.K. history and has led six people to jail for their part in the scheme.

Small Business 40

Small Business Funds Transfer Scams Faster Payments 40

PYMNTS

MARCH 26, 2019

Failure to plan adequately for cross-border funds transfers between subsidiaries or to suppliers, for instance, may result in money converted at a different exchange rate than was initially accounted for, creating “erratic” profit and loss (P&L) variations that could have been avoided with a proper hedging strategy, explained Descout.

Risk 69

Risk Cross-Border Cross-Border Payments Multi-Currency 69

Clearly Payments

DECEMBER 3, 2023

Credorax: Smart acquiring solutions (International). Clearly Payments: Online credit card processing solutions using Fiserv, Elavon, Auth.net, and more (Canada & United States). CoinGate: Cryptocurrency payment gateway (International). CyberSource: Secure electronic payment services (International).

Payment Gateways 105

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 105

Finovate

SEPTEMBER 20, 2024

A recent example of this was with Hungary’s OTP, which in June 2023 became the first international player to participate in the privatization of the Uzbek banking sector, acquiring former state-owned Ipoteka Bank.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

The Fintech Times

MARCH 1, 2024

Eazy Financial Services ‘EazyPay’, a Bahraini financial institute specialised in point-of-sale (POS) and online payment gateway acquiring services, has joined forces with Visa to enable Visa Direct, a funds transfer solution for EazyPay’s customer base.

FinTech 64

FinTech Point-of-Sale (POS) Consulting Embedded Finance 64

Stax

JANUARY 17, 2024

All this without having to invest time and resources in partnering with an acquiring bank or building an elaborate payment infrastructure. All this without having to invest time and resources in partnering with an acquiring bank or building an elaborate payment infrastructure. Q: What does an ACH payment facilitator do?

ACH 88

ACH Facilitators ISVS Payment APIs and Integration 88

Stax

SEPTEMBER 17, 2024

A payment processor is a company that acts as the intermediary or middleman between the two banks: the issuing bank and the acquiring bank. The issuing bank is the bank of the customer, while the acquiring bank is the merchant’s bank (in other words, the one acquiring the funds). Card networks (like Visa, Mastercard, etc.)

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

PYMNTS

DECEMBER 11, 2018

When PayPal acquired global money transfer firm Xoom in 2015, company President and CEO John Kunze noted that becoming part of the larger PayPal organization marked the start of a new chapter in the life of the firm.

PayPal 66

PayPal Funds Transfer Caps Security 66

PYMNTS

APRIL 1, 2020

Major worldwide credit card networks turned their attention to the debit market in the 2000s, however, and acquired PIN networks to gain footholds in the growing space. These merchants might want to consider PINless transactions, with purchases routed over electronic funds transfer (EFT) or card networks.

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

Fintech News

MARCH 6, 2024

XW Bank XW Bank is the third bank in China to acquire a license to operate as a digital-only bank and is backed by New Hope Group and Xiaomi Corporation, the Chinese smartphone maker. The Beijing-based virtual bank reportedly launched a three-dimensional digital banking outlet to increase user activity and acquire new customers.

Online and Mobile Banking 135

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 135

Finovate

JANUARY 5, 2024

offers a payments platform that enables consumers to make payments to merchants and service providers, as well as P2P fund transfers. Sub-Saharan Africa Nigerian expense management platform Bujeti raised $2 million in seed funding. Cameroon-based fintech Koree secured $200,000 in pre-seed funding.

Financial Literacy 64

Financial Literacy Security Embedded Finance FinTech 64

Stax

DECEMBER 27, 2023

A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. Once funds are verified, the card issuing bank will issue an approval code for the acquiring bank to transfer funds to the business’s merchant account.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88