Wirex achieves 3 million users and reaches profitability
Apr07

Wirex achieves 3 million users and reaches profitability

Wirex announced today that it has maintained 3 million registered customers in over 130 countries for its alternative banking services and has reached profitability. Founded in 2014, Wirex is a leading mobile payments platform that allows customers to buy, store, exchange or spend digital and traditional currencies. It was the first company in Europe to offer its clients debit cards linked to cryptocurrency accounts, enabling...

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Contactless payments in the age of coronavirus
Apr07

Contactless payments in the age of coronavirus

In a matter of weeks our entire payments ecosystem has shifted. Many supermarkets have reacted to the coronavirus pandemic by implementing plastic barriers at checkouts to protect customers and staff during the shopping transaction. Meanwhile countless retailers and services have shifted to cashless payments to remove contact with consumers and increase hygiene in the payment process itself. This follows advice from the European...

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Fintech Finance Presents: The Paytech Show 3.02 – The Best Payment Conversation
Mar23

Fintech Finance Presents: The Paytech Show 3.02 – The Best Payment Conversation

In this extra special episode of The Paytech Show we have the top payment specialists in the world discussing the biggest payment issues we could think of. We sit our interviewees down in one big round table with Mastercard’s Mike Cowen, BPC’s Evgenia Loginova and Wirex’s CEO Pavel Mateev to hear their views from financial inclusion to consolidation. We also catch up with Monese’s CEO Norris Koppel and CEO of...

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EPA publishes collaborative report to debate payments regulation ahead of PSD3
Mar12

EPA publishes collaborative report to debate payments regulation ahead of PSD3

The Emerging Payments Association (EPA), which celebrates collaboration and innovation within new and existing finance companies, has published its first report to address the issues from the second Payment Services Directive (PSD2). The report, made up of six contributed articles from leading industry figures, also gives practical feedback for the next iteration of the directive. The paper has been launched in response to growing...

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Exclusive: ‘Don’t Mention the ‘P’ word!’ – Alasdair Rhind, Aegon in “The Fintech Magazine”
Mar10

Exclusive: ‘Don’t Mention the ‘P’ word!’ – Alasdair Rhind, Aegon in “The Fintech Magazine”

Aegon’s Head of Customer and Workplace Propositions, Alasdair Rhind, explains how its digital approach to ‘wage after work’ is changing attitudes to financial planning The fintech revolution has seen many financial services furnished with flashy new paintjobs and impressive under-the-hood innovations. But what’s that hidden behind the Bank Bugattis and Paytech Porches at the very back of the showroom? Pensions could be the Ferrari of...

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ACI Worldwide Launches Advanced Machine Learning Capability to Dramatically Reduce Payment Fraud for Banks and Merchants and Their Customers
Mar10

ACI Worldwide Launches Advanced Machine Learning Capability to Dramatically Reduce Payment Fraud for Banks and Merchants and Their Customers

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced the launch of its new Incremental Learning technology – an innovative industry-first approach to machine learning that will enhance fraud protection for merchants and financial institutions and their customers. ACI has filed a patent application for its ‘Incremental Learning’ technology, which is being...

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PFF 2020: Emerging Payments Association – Tony Craddock
Mar10

PFF 2020: Emerging Payments Association – Tony Craddock

At PFF 2020, we catch up with Tony Craddock of Emerging Payments Association, a community of payments professionals whose goals are to strengthen and expand the payments industry to benefit all...

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Civica and FISCAL Technologies form new partnership to strengthen financial management
Mar10

Civica and FISCAL Technologies form new partnership to strengthen financial management

Civica, a global leader in software for public services, has announced a new partnership with FISCAL Technologies and the company’s NXG Forensics® cloud-based P2P Risk Management and fraud prevention software. The new partnership strengthens Civica’s innovation technology offering and will help the company’s broad range of customers across local government to improve visibility and reduce risk across their finance function. Using the...

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Exclusive: ‘Spicing up realtime payments’ –  Craig Ramsey, ACI Worldwide in “The Fintech Magazine”
Mar06

Exclusive: ‘Spicing up realtime payments’ – Craig Ramsey, ACI Worldwide in “The Fintech Magazine”

The urgent need for universal, realtime global payments has been recognised across the financial services industry and beyond for some time. And universal payments facilitator ACI Worldwide (ACI) has been helping to make them happen for some time. Now, it is looking east, to India, for inspiration in delivering not just speed, but added value to those crossborder transactions, in order to promote wider adoption among banks. Last June,...

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Deployers use different strategies for cash replenishment and servicing of branch and off-site ATMs
Mar05

Deployers use different strategies for cash replenishment and servicing of branch and off-site ATMs

ATM operators are confident in their ability to deal with minor issues such as paper jams, particularly for branch machines, but they call on external expertise for more complex technical intervention. Overall, banks and IADs carry out cash replenishment and first line maintenance in-house for around half of machines, while second line maintenance is generally outsourced. Cash replenishment and first line maintenance typically...

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Wirecard delivers on the future of retail with a digitized in-store shopping experience
Mar05

Wirecard delivers on the future of retail with a digitized in-store shopping experience

Wirecard, the global innovation leader for digital financial technology, continues to push the boundaries of the customer experience in retail with the new 360° Retail Experience, a prototype of an interactive in-store screen with integrated payment technology. Wirecard’s Innovation Lab has introduced the retail solution to meet the demands of modern shoppers: A recent Wirecard-commissioned global survey found that a majority of...

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Paysend calls on fintech firms to offer support to China and other affected areas during Coronavirus hardship
Mar05

Paysend calls on fintech firms to offer support to China and other affected areas during Coronavirus hardship

Paysend, a global fintech business headquartered in the UK, has begun an initiative supporting customers transferring money to loved ones in Coronavirus-stricken China, and is urging fellow fintech firms to come together in common cause and do the same. Zero-fee money transfers to China will be offered on Paysend’s online money transfer platform for the whole of March*. China has more than 50 million citizens living abroad who send a...

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Comviva divests its stake in TerraPay to Prime Ventures, Partech Partners and International Finance Corporation (IFC)

Comviva, the global leader in mobility solutions, has announced its divestment of stake in TerraPay, for an undisclosed amount to a consortium of global investors. Prime Ventures and Partech Partners are co-investing in TerraPay, along with IFC, a member of the World Bank Group. Apart from acquiring Comviva shares, the investors have further invested $9.6 million in TerraPay to fund the company’s expansion. TerraPay, a company...

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Evarvest selects Judopay to improve financial inclusion among investors

Judopay, a leading mobile-first payment provider, has today announced its partnership with Evarvest, a Lithuania-based start-up providing an easy to use, transparent and low cost way to access global stock markets, to deliver a frictionless and best-in-class payment experience for its mobile app investors. More than ever before, it is crucial that businesses today are engaging their customers through a seamless and totally native...

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Global payment processor, Checkout.com makes its first acquisition, French startup ProcessOut
Feb26

Global payment processor, Checkout.com makes its first acquisition, French startup ProcessOut

Checkout.com, a leading global payment solutions provider, announces today that it has acquired French payment company ProcessOut. This is the first acquisition by Checkout.com, which raised a record-breaking Series A of $230 million in 2019. ProcessOut marks the first acquisition by Checkout.com In the past 12 months, over $20bn transactions were analysed by the ProcessOut platform More than 10% of all online transactions in France...

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Cashplus launches UK-first Google Maps-powered purchase enrichment for business credit cards
Feb20

Cashplus launches UK-first Google Maps-powered purchase enrichment for business credit cards

Cashplus, the leading UK challenger to banks, has launched a UK-first payment tracking for its SME credit card products. The new Spending Insights feature uses Google Maps data to pinpoint where and when a payment was made and makes each transaction easy to identify by showing information like brand logos, where other accounts might show only an obscure trading name. Other benefits of the upgrade include Payment Track’s fraud-beating...

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Fintech Finance Presents: The Paytech Show 3.01 – Payment Rails and Globalisation
Feb18

Fintech Finance Presents: The Paytech Show 3.01 – Payment Rails and Globalisation

In this episode of The Paytech Show we look at how the payments landscape has changed, the lessons that Europe and the Americas can draw from the APAC region and where payments will be going in the future. We speak with EMQ’s Max Liu over in SIBOS who is the go to leader when it comes to payments in Hong Kong and China. Over at Citi in Canary Wharf Doug Mackenzie picks Ebru Packan’s brains to see the incredible innovation...

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StreamMind rolls out global confirmation payee solution for banks to comply with new Payment Systems Regulator’s code of practice
Jun11

StreamMind rolls out global confirmation payee solution for banks to comply with new Payment Systems Regulator’s code of practice

StreamMind, a leading technology provider, today announced the roll out in Europe of its solution to prevent bank transfer scams, a solution that allows a user to match an identity with bank account number. The solution enables the bank to comply with the recent proposal by Payment Systems Regulator to fully put confirmation of payee measures in place by 31st March 2020. This is an initiative to protect people from scams in bank...

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The Paytech Magazine Issue 03
Jun11

The Paytech Magazine Issue 03

The latest edition of “The Paytech Magazine” is now live! Here is our Money20/20 edition of The Paytech Magazine, we have incredible features from our Payments Race around the world. Also, you can find: A massive Banking Circle segment on how they are solving the oldest issue in financial services Evelien Witlox, Global Head of Payments at ING shows us how instant cross border payments are a reality Content Director at...

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equensWorldline enables 25 banks to achieve PSD2 compliance
Jun11

equensWorldline enables 25 banks to achieve PSD2 compliance

As many as 25 banks in seven European countries have reached the first milestone for PSD2 compliance on time, via the PSD2 compliance solution and services from equensWorldline SE, European leader in the payments and transactional services industry and a subsidiary of Worldline [Euronext: WLN]. As a result, these banks (including Credit Europe, Commerzbank, Crelan, Bank J. Van Breda & C°, vdk Bank, Europabank, Crédit Municipal,...

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Revolut launches Apple Pay
Jun11

Revolut launches Apple Pay

Revolut, one of the fastest growing fintech companies in the world, today brings Apple Pay to its customers in the UK, France, Poland, Germany, Czech Republic, Spain, Italy, Switzerland, Ireland, Belgium, Austria, Sweden, Denmark, Norway, Finland and Iceland. With Apple Pay on iPhone, Apple Watch, iPad and Mac, Revolut customers can make fast and convenient purchases in stores, in apps and on websites. Apple Pay provides Revolut...

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Fintech Finance Presents: The Paytech Show 1.05 – The Paytech Revolution
Oct16

Fintech Finance Presents: The Paytech Show 1.05 – The Paytech Revolution

In this episode of the Paytech Show: Lloyds Banking Group, Apply Financial and Bank of America Merrill Lynch offer up their insight, as we start the fourth quarter of 2018. We met with Mark Bradbury, Managing Director of Apply Financial, to discuss the challenges that are accompanying the payments revolution. Gavin Maclean, Head of Product Payment, Lloyds Banking Group described what is fuelling the payments revolution. With that in...

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