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The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digital payments, and evolving consumer behaviours.
Legacy systems are increasingly unreliable, expensive to maintain, and resistant to modern payment innovations. Security & compliance risks: Meeting growing AML, fraud prevention, and regulatory demands is difficult with rigid, outdated infrastructure. This can be on-prem, or hosted in any private or public cloud.
For companies looking to scale, Independent Software Vendors (ISV) are a crucial tool that provides specialized software solutions that integrate seamlessly with existing business tools. ISV integrations offer numerous advantages, from improved functionality to a superior customer experience. The Benefits of ISV Integrations 1.
Payment trends in Asia are changing how businesses and people transact from the digital-first economies of China and Singapore to the quickly changing markets of Indonesia and Vietnam. The shift toward digitised payments brings heightened concerns about cybersecurity, fraud, and regulatory compliance.
LSEG Risk Intelligence has launched its Global Account Verification (GAV) service in Asia-Pacific and Europe, the Middle East, and Africa, expanding efforts to enhance security in cross-border payments. This helps businesses confirm supplier and customer payments and detect potential fraud risks.
Checkbook , a leading innovator in payment solutions, today announced the launch of its new payment rails, now integrating PayPal and Venmo seamlessly into its existing APIs. In todays fast-paced digital economy, customers expect seamless and instant payment experiences to meet them where they are.
But launching your eCommerce store is just half the equationaccepting payments efficiently and effectively is a whole different ball game. On the surface, it seems effortless, with customers only taking a few seconds to initiate and complete payments. The eCommerce payment solution infrastructure involves several key players.
Mambu, a leading cloud banking platform, has announced the acquisition of Numeral , a French payment technology provider for banks and fintechs. The acquisition strengthens Mambu’s position as an industry leader, in a move that underscores market confidence and growing demand for modern financial experiences.
Southeast Asia is on the brink of a rapid expansion in open banking, with financial institutions leveraging open banking to enhance customer experiences, and fintech companies utilizing application programming interfaces (APIs) to revolutionising payments, lending, and more.
The company founded in 2017 and headquartered in London, UK has witnessed a significant increase in its overall customer base with annual revenue growth of 71% this year compared to 2023, while nearly tripling the size of their London office team in response to the growing global demand for accessible financial options.
one of Europe’s leading financial services providers, reveals digital wallets and Open Banking as pivotal forces set to transform the payments landscape in 2025. The findings reflect an industry-wide shift toward faster, more adaptable payment methods that meet consumer expectations in an increasingly digital economy.
NORBr , a no-code, omnichannel-ready Payment Infrastructure as a Service (IaaS) provider, has raised €3 million in funding, led by Alstin Capital as the lead investor, with participation from previous round’s lead investor, Portfolion. Meeting a critical market need The global payments market is projected to reach $2.2
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As a merchant, to understand tokenization for your own benefit, it’s critical to understand: What tokenization is, why it’s important for payments, and how it compares to encryption. Tokens can take any shape, are safe to expose, and are easy to integrate into payment or other workflows with sensitive data.
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With the acceleration of e-commerce, both users and businesses are demanding faster and more instant payments, especially in industries where payments have traditionally been a challenge, such as sports betting and gaming. and Brazil Do Payment is following an ambitious roadmap. In Peru, they expect a 25% rise.
In the final quarter of 2024, Aleph , the technology-driven solutions provider enabling the growth of global digital marketing, announced the acquisition of LocalPayment , a fast-growing payment service provider (PSP) in Latin America (LatAm), to bring together local payment capabilities with digital advertising solutions.
Cashfree Payments , Indias leading payments and API banking platform, today announced the launch of its Affiliate Partner Program. As India experiences a rapid expansion of business hubs across metros, tier 2, and tier 3 cities, there is a rising demand for seamless digital payment solutions.
Cloud banking platform Mambu has made its first acquisition, acquiring French fintech Numeral to enhance its payment capabilities and expand its market reach. Numerals cloud-native platform will enable Mambu to offer end-to-end payment workflows, support multiple payment methods, and deliver real-time transaction capabilities to its clients.
Saudi Arabia-based Alinma Bank, founded in 2006, has adopted IBM’s hybrid cloud and AI integration technologies in order to introduce an application programming interface (API) platform. Our collaboration on the API Monetisation platform unlocks greater potential for Saudi fintechs and SMEs.
Orum , which transforms payment technology for businesses by revolutionizing payment speed, certainty, and payment rail orchestration, has announced it will now offer U.S. customers real-time1 fund transfers to and from bank accounts via debit card with its Deliver API solution, powered by Visa Direct.
The UK’s Financial Conduct Authority (FCA) has approved Atoa Payments , an open banking-enabled payments provider, to operate as an Authorised Payment Institution (API). Now, with FCA authorisation, Atoa is accelerating its mission to bring fast, secure, and cost-effective payments to larger enterprises.
However, the banks payments arm might be its next big engine of expansion. Its payments unit, processing nearly $10 trillion daily, chipped in $4.7 Morgan Payments I asked Max Neukirchen, global co-head of J.P. Morgan Payments I asked Max Neukirchen, global co-head of J.P. billion to the overall revenue pile.
However, while e-wallets thrived in the contactless era, the post-pandemic shift back to tactile and physical elements in the banking space as well as consumers increasing demand for more personalization has brought to the fore premium and metal offerings as exhibited by neobank, Revolut, and its enticing Metal plans.
Fintech Galaxy , a regional leader in Open Banking and financial innovation, and ProgressSoft , a global provider of real-time payment solutions, have partnered to fast-track Open Banking adoption and regulatory compliance across MENA.
Monite , the API-first embedded workflows pioneer, introduces its lightning-fast iFrame solution. The accelerated integration empowers SMB providers like vertical SaaS, neobanks and payment platforms to make agile, data-driven decisions, setting a new standard for speed and efficiency in the industry. By adhering to OAuth 2.0
Fintech Galaxy , the open banking infrastructure provider founded in the UAE, is partnering with ProgressSoft , a real-time payment solution provider, to accelerate open banking adoption and regulatory compliance across the Middle East and North Africa (MENA).
Wells Fargo & Company (NYSE: WFC ) has announced the launch of specialized Application Programming Interfaces (APIs) tailored for its Commercial Banking clients. Wells Fargo’s API platform enables manufacturers, distributors, and dealers to directly connect from their system of choice.
But that is exactly the type of person that Richmond-based on-demand accident insurer Buddy is looking to serve, by offering up supplemental insurance plans that are super easy to fill out and can take the burn out of crash and burn for as little as $9 per day. We think revolutionary, especially in our category,” he said.
From open banking to open finance and beyond: The future of financial data-sharing March 18 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products.
Skyfire , the worlds only payment network built for the AI Agent economy, has announced its exit from Beta and the official rollout of its full-featured payments infrastructure, introducing a suite of powerful features designed to enable frictionless, autonomous transactions for AI-driven economies.
Unifying global fiat and stablecoin payments, stablecoin payments infrastructure provider BVNK has announced a new embedded wallet. They have existed in today’s market for some time but have had limited capabilities to manage stablecoin, crypto and fiat payments in one place. Embedded wallets are not a novelty.
Payment and data application programming interfaces ( API s) are changing that, however. This is where APIs change the ball game. With APIs, we are now able to plug ourselves into our customers’ business and work with them at the front line to develop solutions to enhance their processes and customer journeys.”.
Finding the right payment gateway for your business in 2025 is a critical step toward ensuring seamless online transactions, boosting customer satisfaction, and securing your revenue streams. What is a payment gateway? Fraud detection and prevention are critical features of a payment gateway.
Business to business (B2B) application programming interfaces (APIs) are helping smooth the flow of data between companies, including businesses and their financial services software as well as between banks and their corporate clients. The value of the technology is evidenced by the vast number of APIs that businesses use and consume.
Thanks to Way4s flexibility, Equity Bank Kenya was the first in the world to enable interoperability between the payment card network and a leading digital wallet ecosystem M-PESA. This can be an account opened in Way4 or in the integrated Core Banking System. Indeed, rapid product development remains a top priority.
Eastnets , a global leader in compliance and payments solutions, has launched its Managed SWIFT Service on AWS Cloud. Integratedpayment hub for advanced processing and workflow automation with ISO 20022 translation, duplicate detection, transaction monitoring and fraud prevention.
Dennis Jones, senior marketing manager at Jack Henry, positioned payments-as-a-service, banking-as-a-service, and fintech partnerships as cost-effective ways to drive efficiencies and reduce fraud rates without replacing existing infrastructures. Affidavit PDF documents are created in a fully automated way.
The pandemic is causing fluctuations in the global economy, and supply and demand shifts are causing many businesses to face liquidity stresses and limited credit access. Such touchless payment options are being used alongside traditional ones like credit cards and checks.
The benefits of instant payment services are gaining attention from companies that want to be able to transact with better visibility and cash flow information. This friction and limited usability could seriously impede companies’ payments experiences with the rails. Around the World Of Real-Time Payments.
In the rapidly evolving financial services landscape, the journey from entrenched legacy systems to cutting-edge digital payment platforms is a technological upgrade and a fundamental transformation. PowerCARD is HPS digital payments platform that connects any channel, any kind of payment, for every customer, everywhere.
This partnership will integrate Mastercard Move , a comprehensive suite of money transfer solutions, into Temenos Payments Hub. This will in turn provide the banks’ customers with fast, secure and efficient cross-border payments, making them the ultimate beneficiaries.”
Small business accountants have said they are now forced to manually transfer data between payroll and human resources solution providers Gusto and Zenefits after the two companies abruptly ended their application programming interface (API) integration, AccountingToday reported.
Digital wallets, open banking and instant bank transfers are set to become the main forces transforming the payments landscape in the coming year, according to new research by payabl , the European financial service provider. As Europe’s SEPA Instant payment deadline approaches on 9 January 2025, industry readiness remains uncertain.
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