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PaymentsTalk

Wrapping up latest news about collaborative partnerships in payments industry

April 2024

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Viva.com Partners With BANCOMAT the Leading Payment Network in Italy

Viva.com, Europe’s first technology bank powering merchant payments acceptance on any device in 24 markets, and BANCOMAT, the leading payment network in Italy, announced today their strategic partnership. A testament to its localised approach, Viva.com will now enable its Italian merchant network to accept PagoBANCOMAT ®, shortly followed by BANCOMAT Pay ®, the most popular payment methods for millions of Italian consumers.

 

Future plans include strategic expansion of reach beyond current borders, to offer merchants all over Europe the opportunity to proactively cater to international customers by integrating their preferred local payment methods. This initiative will empower merchants to stay at the forefront of global commerce, ensuring seamless transactions.

March 2024

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NatWest invests in Icon Solutions reinforcing commitment to payments modernisation

NatWest Group has announced a strategic minority investment in Icon Solutions, a leading fintech provider of payments technology and consultancy services. The investment follows the news last September that NatWest selected Icon Payments Framework (IPF) to accelerate the bank’s payments modernisation. 

Launched in 2020, IPF is a low code payment framework that empowers business payment experts to create industry leading workflows, along with enabling software engineering teams to quickly extend and create highly customizable integrations into existing bank systems.

The investment and ongoing partnership with Icon Solutions is expected to accelerate NatWest’s strategic outcomes in the payment space, provide customers more choice and lay the foundation for future payments innovation.

March 2024

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GoCardless has entered an agreement to acquire Sentenial & Nuapay

EML Payments Limited has entered into an agreement to sell the Sentenial Group (operating globally under the brand Nuapay) to GoCardless, subject to regulatory approvals. 

The acquisition will significantly scale GoCardless’ indirect channel proposition, consolidating its position as a key payment provider to existing and new customer segments including Independent Software Vendors (ISVs) and Payment Service Providers (PSPs). 

In addition, by incorporating Nuapay’s offering into its bank payment platform, GoCardless will fast-track the rollout of new disbursement capabilities to its customers and prospects. 

This will enable GoCardless to unlock new vertical sectors and use cases in areas including payroll, financial services, utilities, insurance, gaming and gambling. Businesses and partners will benefit from a full-service provider with a relentless focus on bank payments, enabling disbursements and payment collection through direct debit, real-time payments and open banking, alongside enhanced features for improving payment success and reducing fraud.  

March 2024

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Airbase & Sardine team to combat payment and vendor fraud

Spend management and procurement platform, Airbase, has partnered with behavioural-based fraud management vendor, Sardine.

This partnership underscores a shared commitment to enhancing customer financial security against a backdrop of soaring vendor and payment fraud.

This strategic collaboration with Sardine underscores Airbase’s commitment to safeguarding customer finances and reinforces its standing as a trusted spend management platform.

Sardine’s unique approach to fraud prevention resonates with Airbase. “Collaborating with Sardine feels like expanding our internal team,” said Airbase’s Manager of Fraud and Chargeback, Preston Miller. “Their deep understanding of fraud, combined with their flexible product, enhances our ability to offer superior fraud prevention to our customers.”

February 2024

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Backbase & Alacriti to offer instant payment solutions for financial institutions

Backbase, the engagement banking specialist, has announced that Alacriti, an innovator in cloud-based payments and money movement services, will integrate its payments hub solution into the Backbase Engagement Banking Platform.

Through this partnership, Backbase clients will be able to offer instant payment capabilities to their customers. Backbase, leveraging Alacriti’s Orbipay Payments Hub, will support end-to-end payment orchestration and processing through the RTP network, the FedNow Service, Visa Direct, Fedwire, and ACH payment rails.

February 2024

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Aevi partners with Silverflow


Aevi, a leader in in-person payment orchestration, announced its strategic partnership with Silverflow, a leading cloud platform for global card processing.

 

The partnership enables European and North American acquirers to reengage in direct payment processing, allowing them to create a modern data-driven processing proposition with an Android-lead in-person payment solution that allows banks to cater towards ISVs, offer all-in-one smartPOS products and stand-alone payments under a single unified and fully integrated processing platform at a global level.

According to the official press release, the partnership addresses the necessity for banks to reclaim ownership of their merchant propositions by offering a flexible payment acceptance infrastructure. This seamless solution facilitates banks in re-establishing their merchant relationships, providing a forward-thinking approach to meet evolving digital payment demands. 

February 2024

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Capital One agrees to buy Discover Financial for $35bn
US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies.

 

Capital One’s acquisition of Discover values its smaller rival’s stock 27 per cent above Friday’s closing price. Under the terms of the deal, Discover shareholders would receive 1.0192 Capital One shares for each of theirs.

 

The merger between Virginia-based Capital One and Illinois-based Discover would shake up the US credit card landscape and mark one of the industry’s biggest deals since the 2008 financial crisis. 

 

Capital One and Discover are two of the biggest credit card lenders, behind JPMorgan Chase and Citigroup. Discover also offers a payment network, making it a competitor with the likes of Visa and Mastercard. The last big merger between two banks occurred almost five years ago, when regional lender BB&T bought SunTrust for about $28bn in a $66bn deal, forming Truist.

February 2024

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Gain New Insights Into the Cross-Border Payments and Ecommerce Space – The Paypers’ New Report

With an educative undertone and a clear aim to address the challenges and subsequent emerging opportunities that the current cross-border payments and ecommerce landscape has to offer, the Cross-Border Payments and Ecommerce Report 2023–2024 follows an intuitive structure that allows you to dive into specific trends and ways to solve the challenges faced when considering an international expansion.

 

How can this report help you get ahead of the competition?

From an economic perspective, we are now at a crossroads of sorts. In 2023, the global economy managed to avoid a recession, but there was a noticeable decrease in growth. Even more so, experts predict that 2024 will be an even more challenging year. 

Click HERE to download the report today and stay ahead of the competition!

February 2024

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Asda enhances e-commerce security with Accertify

Asda, one of the UK’s largest retail chains, has chosen Accertify, a subsidiary of American Express, to bolster its e-commerce security.

This decision is part of Asda’s broader digital transformation strategy aimed at optimising operations across its network.

Accertify provides fraud prevention, chargeback management, and payment gateway solutions. Its suite of products and services helps e-commerce companies drive down the total cost of fraud, simplify business processes, and increase revenue.

The partnership will see Accertify’s machine-learning models and automated refunds integrated into Asda’s systems. These tools will enable Asda to adapt to evolving fraud trends and streamline chargeback workflows. 

By leveraging Accertify’s solutions, Asda aims to combat e-commerce payment fraud, enhance the customer experience, and optimise related key performance indicators (KPIs).

February 2024

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Moneyhub to provide Open Banking solutions to UK government

Moneyhub has been named as a supplier on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework for its Open Banking and Payment services.

Moneyhub, is the leading data and payments platform built on Open Banking and Open Finance principles. Its solutions already help businesses in various sectors increase efficiency and offer consumers efficient, secure alternatives to card and cash payments.

 

Through its work with clients such as Nationwide, Lloyds Banking Group, Standard Life, Legal & General, amongst hundreds of others, Moneyhub has proven the benefits of Open Banking and account-to-account payment solutions. Government organisations’ ability to purchase Moneyhub services through the DPS will help more public sector services increase efficiency and experience the benefits that Open Banking delivers.

February 2024

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Trustly integrates MX Data Enhancement

MX Technologies, Inc. today announced MX’s data enhancement services will be leveraged as part of Trustly’s Open Banking product suite. Over 8,300 global merchants rely on Trustly to enable their consumers to pay directly from their bank accounts. With Pay with Bank, consumers enjoy an intuitive, fast, and safe payment method, while merchants can create better experiences and reduce costs with an efficient payment solution.

By leveraging MX Data Enhancement, as part of this solution, consumer - permissioned transaction data is cleansed and categorised to deliver clear information for merchants to better understand consumer needs and preferences to inform and provide more personalised marketing offers and loyalty programs.

February 2024

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Lowell & Neonomics to enable account-to-account payments in the Nordics

Lowell, a European specialist in credit management services, has partnered with Neonomics to enhance its payment offering, to implement, and enable account-to-account payments in its Norwegian customer portal.

With a mission to make credit work better for all, the partnership aims to simplify the way customers pay while driving cost efficiency across the entire value chain from customer to merchant.

The collaboration will see Lowell integrate account-to-account payments through its customer portal, known as ‘My Lowell’. With the integration of account-to-account payments, Lowell will benefit from greater cost-efficiency over traditional card payments, a decision further validated by the rising adoption of account-to-account transactions across the Nordics.

January 2024

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Clowd9 and Ozone API Reveal Partnership

Two open banking providers have announced a strategic partnership. Clowd9 and Ozone API will now work together globally. Open API, as it names alludes to, provides open banking services to its clients. Clowd9 is a payments platform that will now be incorporated into the Ozone API offering.

 

The primary purpose of the partnership is to offer additional services to clients and prospects.  CLOWD9’s industry-leading payments processing platform combined with Ozone API’s expertise in open banking will enable the two companies to address the unique needs and  challenges faced by financial institutions and provide tailored solutions to drive growth and  success.

Both Ozone API and CLOWD9 are excited about the opportunities that this partnership brings.  By combining their strengths, they can create a seamless and comprehensive ecosystem that  empowers banks and financial institutions to thrive in the new world of open finance. Together, they aim to revolutionize the industry and drive innovation that benefits both industry players  and investors.

January 2024

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Virgin Atlantic Implement Payment Orchestration with CellPoint Digital

Virgin Atlantic Airlines and its affiliated tour operator, Virgin Atlantic Holidays, have teamed up with the leading payment solutions provider for the airline industry and a pioneer in Payment Orchestration, CellPoint Digital.

 

The full implementation of CellPoint Digital’s Payment Orchestration Platform promises seamless and secure payment transactions for travellers and aims to set new benchmarks for efficiency and customer satisfaction in the airline industry’s payment landscape.

By partnering with CellPoint Digital, Virgin Atlantic will see reduced transaction costs by leveraging intelligent routing capabilities, gain more control over their payment processes and acquirer relationships, and centralise the management of their entire payment ecosystem through a single unified platform.

January 2024

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Jabil Teams with Revolut to Scale Development and Production of Innovative Mobile Payment mPOS Solution

Jabil announced ongoing innovation between its payment solutions business unit and Revolut, a digital banking pioneer and global financial super app provider, to support the neobank’s rapid growth trajectory and global expansion in merchant acquiring.

 

Jabil’s custom, pre-certified Point-of-Sale (POS) hardware platform, as well as other retail automation technologies transforming digital commerce, will be on display at NRF’24 (Booth 4375).

Starting in 2021, Jabil has collaborated with Revolut to diversify its product portfolio, including the launch of Revolut Reader, a compact, custom hardware platform that enables merchants to accept in-store or on-the-go payments. ​

December 2023

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Entersekt Acquires Modirum 3-D Secure Payment Solutions to Accelerate Global Expansion

Entersekt, the Financial Authentication Company, announced it has acquired the Modirum 3-D Secure software business from Modirum, a digital payment security provider.

Modirum is a leader in enabling authenticated, card-not-present payments with a history dating back 25 years.

Modirum’s cloud-based 3-D Secure (3DS) technologies and services authenticate digital payment transactions globally in numerous payment systems, hundreds of issuers, and thousands of merchants, as well as enable 3DS transactions for hundreds of millions of cardholders.

 

With this acquisition, Entersekt will expand its customer base and will secure over 2.5 billion transactions per year, giving it a compelling global footprint and a clear technology advantage of a solution spanning across digital, payment, and data channels of issuers, acquirers, and merchants.

December 2023

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Entersekt Acquires Modirum 3-D Secure Payment Solutions to Accelerate Global Expansion

Entersekt, the Financial Authentication Company, announced it has acquired the Modirum 3-D Secure software business from Modirum, a digital payment security provider.

Modirum is a leader in enabling authenticated, card-not-present payments with a history dating back 25 years.

Modirum’s cloud-based 3-D Secure (3DS) technologies and services authenticate digital payment transactions globally in numerous payment systems, hundreds of issuers, and thousands of merchants, as well as enable 3DS transactions for hundreds of millions of cardholders.

 

With this acquisition, Entersekt will expand its customer base and will secure over 2.5 billion transactions per year, giving it a compelling global footprint and a clear technology advantage of a solution spanning across digital, payment, and data channels of issuers, acquirers, and merchants.

December 2023

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Thistle Initiatives and ClearBank announce strategic collaboration

Thistle Initiatives, part of the Thistle Group announced its partnership agreement with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, as its first trusted client compliance partner.

As ClearBank’s partner, Thistle Initiatives provides support on matters including, but not restricted to, FCA applications, compliance support, regulatory due diligence, and financial crime prevention.

 

Additionally, Thistle Initiatives has been chosen by ClearBank as an approved AML compliance auditor to its clients, recognising Thistle as a leader in the financial services industry, for its commitment to excellence and accuracy in AML compliance.

December 2023

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Mondu partners with Mangopay to fuel growth in B2B marketplaces through flexible payments

Mondu, the fast-growing B2B payments company, announced a new collaboration with Mangopay, a modular and flexible payment infrastructure provider for marketplaces and platforms.

 

Through the partnership, the two companies will offer marketplaces across Europe a proven, modular payments infrastructure which can be tailored to meet their needs, with popular B2B payment methods and flexible payment terms.

With market reports suggesting that the B2B marketplace industry has grown by as much as 8.6 times since 2015, the payment experience continues to play a key role in the growth of businesses operating in the sector. The collaboration between Mangopay and Mondu aims to empower B2B marketplaces with robust tools and a choice of payment methods to manage their payment flows with more flexibility, including those looking to introduce a buy now, pay later service to their B2B customers.

November 2023

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Syngrafii Enhances Identity Verification Capabilities Through Integration with Trulioo Identity Document Verification

Syngrafii, a leading provider of innovative next-generation e-signature solutions, today announced the integration of Trulioo Identity Document Verification into its iinked Sign™ and Video Signing Room™ (VSR) platform.

 

This strategic integration enables the virtual confirmation of signatories’ identities in one unified platform, significantly elevating trust and confidence in the signing process compared to two standalone e-signature and Identity Verification (IDV) processes.

Syngrafii has selected Trulioo, a global leader in identity verification, as a valued integration provider, leveraging the cutting-edge Identity Document Verification capability to enhance the identity verification process. By seamlessly integrating Trulioo identity verification and credential analysis capabilities with the iinked Sign™ and VSR™ platforms, users experience a heightened level of assurance in the authenticity of signatories.

November 2023

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3S Money Partners with Napier to Scale for Financial Fairness

Napier, the London-based financial crime compliance RegTech, is pleased to announce it has been selected as the anti-money laundering (AML) platform of choice for the groundbreaking payments platform at the forefront of the fintech revolution, 3S Money.

Napier will provide its Transaction Screening, Transaction Monitoring, and Client Screening modules, within the Napier Continuum platform, to 3S Money. This is aimed to fortify 3S Money’s dedication to nurturing a dynamic ecosystem of ambitious businesses securely with:

  • Real-time, accurate screening;

  • Multiple screening configuration capabilities;

  • Easy integration via APIs to Napier platform;

  • Sandbox environment for effective rule-building.

 

Since its inception in 2018, 3S Money has grown immensely, processing over $5.9 billion in client payments worldwide since inception. Currently supporting transactions in 190+ countries and access to 65+ currencies, it needed a compliance solution that could scale with its business. The collaboration reinforces their dedication to delivering reliable financial access and a faster service, enabling clients to conduct global transactions with ease.

November 2023

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Stripe and Vesta Partner to Increase Authorizations and Stop Fraud

Vesta, a leading transaction guarantee platform, announced a partnership with Stripe, a financial infrastructure platform for businesses, to enable a comprehensive fraud prevention and risk protection solution that indemnifies merchants from losses from fraudulent transactions. 

Under the partnership, Vesta Payment Guarantee™, which provides 100% indemnification from fraudulent chargebacks, will incorporate Stripe Radar risk scores to offer a comprehensive fraud and revenue protection option to increase transaction approval rates and thwart first-party and third-party chargebacks. This is particularly attractive to merchants who are at-risk due to high fraud or excessive disputes. Merchants can access Vesta Payment Guarantee on Stripe App Marketplace in H1 2024.  

Second, Vesta will integrate Stripe Connect, which lets businesses facilitate purchases and payments between third-party buyers and sellers. With Stripe Connect, Vesta merchants and their customers will have a holistic solution that mitigates fraud and risk while processing payments quickly and securely. 

November 2023

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Afterpay Partners with Rokt to Expand Ads Business and Offer Shoppers More Relevant Ecommerce Experiences

Rokt, the leading ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, announced its partnership with Afterpay, one of the global leaders in "Buy Now, Pay Later" payment.

 

The partnership enables Afterpay to offer its ecommerce shoppers highly relevant offers at checkout, which creates a more relevant and engaging shopping experience while driving new revenue and deepening customer lifetime value.

Leveraging Rokt’s ecommerce solution, Afterpay and its thousands of retail partners, are empowered to deliver targeted, relevant and seamless advertising experiences to customers during the checkout flow.

November 2023

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Alipay+ partners with Yapily for open banking payments in Europe

Alipay+ has partnered with Yapily to explore the application of open banking on various mobile payment platforms and enhance connectivity between consumers and merchants globally.

The partnership will catalyse the deployment of a more convenient and secure payment option for millions of European consumers, in addition to the 1.4 billion consumer accounts already connected by Alipay+ across Asia.

Enabled by Yapily’s open banking infrastructure, consumers who bank with European financial institutions will be able to make cross-border payments to Alipay+ merchants across the world directly from their bank accounts.

The introduction of such account-based payments is expected to streamline Alipay+’s payment process and bolster trust for merchants. Based on Yapily’s open banking payments infrastructure, the partners will jointly develop new solutions to provide the premise for merchants to increase transaction value by engaging customers throughout the buying journey and connecting them to promotions and other value-added services.

 

For merchants, Yapily’s open banking payment’s structure will offer the scalability and resilience to deliver service excellence to consumers, as well as the business agility required to further innovate in the payment and retail sectors globally.

November 2023

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Ecommpay partners with GoCardless to add direct debit capabilities to its range of payment methods

Bank payment company GoCardless and leading international payment service provider and UK & Europe direct bank card acquirer Ecommpay have announced a partnership which will see the latter add direct debit to strengthen its payment offering. 

The collaboration will allow businesses to access bank payments in over 25 countries directly within the Ecommpay platform.

Thanks to GoCardless Embed, a white-label integration, Ecommpay merchants will soon be able to tap into direct debit capabilities in over 25 countries within a platform they already know and trust. This will help them grow in their existing markets while providing the ability to expand into new verticals and use cases where bank payments are preferred.

November 2023

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Wise Platform Partners with Agoda to Revolutionise Payments for travellers worldwide

Wise Platform, has joined forces with Agoda, a digital travel platform, to provide faster and more convenient payment options for travellers worldwide.

With this partnership, Agoda customers will be able to receive cashback directly into their local bank accounts in just a few clicks, all within the Agoda app.

By integrating the power of Wise’s global payments network through its easy-to-use APIs into Agoda’s platform, Agoda’s customers around the world can now leverage faster, lower-cost and more transparent international payments directly from the Agoda platform, providing greater choice and convenience for travellers.

 

 

October 2023

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Mangopay and Aria partner to transform the payment experience for B2B marketplaces

Mangopay, a platform-specific payment infrastructure provider, announces a new partnership with Aria, a leading provider of deferred payment infrastructure for B2B marketplaces and platforms.

 

The collaboration aims to empower B2B marketplaces and transactional Software-as-a-Service (SaaS) companies with robust tools to manage their payments and credit efficiently.

 

This arrangement not only increases sales volume but also supports cash flow management for both sellers and buyers. Additionally, it allows marketplaces to own their customer experience and provide a highly tailored checkout process, per the report. 

The partnership between Mangopay and Aria demonstrates their commitment to driving payments innovation for B2B marketplaces, the report said. By combining modularized marketplace payment infrastructure with comprehensive credit solutions, the companies aim to empower marketplaces with better control over their payment strategies and more access to trade credit.

October 2023

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Rebel Energy expands relationship with GoCardless, using payments as a tool to transform the energy sector

GoCardless, the bank payment company, is expanding its relationship with challenger energy supplier Rebel Energy to shake up the energy industry with a new approach to payments and customer experience.

Rebel Energy has now added Success+, a feature that uses proprietary GoCardless machine learning models to automatically optimise failed payment retries, to the services it uses from the fintech. This will help Rebel Energy better identify customers that may be experiencing financial difficulty, enabling the company to not only work with those that need greater flexibility around their payment plan, but also prevent any disruption in service.

The new contract builds on a relationship which began in 2021 when Rebel Energy selected GoCardless to collect payments via Direct Debit. Not only did the energy supplier and its customers appreciate the transparency and control that came with knowing the exact timing and amount of a payment, using GoCardless has also allowed Rebel Energy to scale efficiently: despite their customer base growing 200x over two years, the number of people in their finance team only increased from one to four.

October 2023

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JCB expands partnership with stripe to boost e-commerce merchant acceptance in Europe, Singapore and Hong Kong

JCB International Co., the international operations subsidiary of JCB Co., Ltd., and Stripe, a financial infrastructure platform for businesses, today announced that they will expand partnership for Europe, Singapore and Hong Kong.

 

The collaboration will provide new growth opportunities for all of Stripe's e-commerce merchants in those areas by welcoming JCB's valued cardmembers. 

Since the launch of their initial partnership was established for the Japanese market in July 2017, JCB and Stripe have worked hand-in-hand to strengthen this collaboration into other regions, from the US and Canada, to Australia and New Zealand. In this latest extension, Stripe has also added JCB to its default payment scheme for merchants in the UK and Ireland in August 2023, and for merchants in other European countries, Singapore and Hong Kong in October 2023.

October 2023

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BR-DGE joins forces with Sift to offer merchants market-leading fraud protection

Leading payment orchestration provider BR-DGE announced its latest partnership with Sift, the leader in Digital Trust & Safety, to support merchants in the fight against payment fraud.

 

This new partnership will give BR-DGE merchants access to Sift’s machine learning platform for fraud and risk decisioning via BR-DGE Connect, its payments ecosystem connectivity tool. 

By working together, merchants will be able to benefit from the combined integration of payment orchestration, network tokenisation, and a complete fraud prevention platform. Harnessing both BR-DGE Vault, a state-of-the-art Network Tokenisation product, and Sift’s AI-powered decisioning engine, together will create a more secure and seamless payment experience for merchants and consumers.

 

With BR-DGE payment orchestration, merchants can ensure sensitive payment data is encrypted for the full end-to-end payment lifecycle through BR-DGE Vault, offering faster review times, higher conversion rates, and improved decision accuracy. This is further enhanced by Sift’s extensive platform of fraud management tools, providing merchants with a highly secure, frictionless checkout experience.

October 2023

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Shift4 Completes Acquisition of Finaro to Accelerate European Expansion and Enhance eCommerce Capabilities

Shift4 a global leader in integrated payments and commerce technology, has completed its previously announced acquisition of Finaro, a cross-border ecommerce payments provider and fully licensed bank with a large European presence.

 

The completion of this acquisition significantly expands Shift4’s total addressable market both in terms of geographic coverage and industry verticals.

Finaro will provide the global infrastructure and cutting-edge technology needed to drive Shift4’s international expansion into Europe and beyond. In addition to expanding Shift4’s geographic footprint, the acquisition will enhance the company’s cross-border ecommerce capabilities to deliver a unified global payments platform for merchants and partners around the world.

 

This acquisition not only augments Shift4’s ecommerce offering, but will also enable Shift4 to soon offer its card-present technology across Europe – including the company’s SkyTab restaurant point-of-sale system and VenueNext stadium solution. In parallel, this acquisition will provide Finaro’s merchants and partners access to a US- based solution to help them grow into new markets in North America.

October 2023

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Payoneer and Etsy partner to make it easier for sellers in emerging markets to get paid

Payoneer, the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, announced a collaboration with global online marketplace Etsy, to support its bespoke seller offering, Etsy Payments.

 

The collaboration will enable Etsy to streamline payments to sellers and help create economic opportunities to more entrepreneurs in emerging markets. Etsy Payments is the core of Etsy’s payment technology and enables flexible and secure payments infrastructure to both buyers and sellers.

 

The collaboration between Payoneer and Etsy will utilize Payoneer’s global infrastructure to offer greater services and seamless payouts to sellers in the currency of their preference. It will initially be launched in Ukraine and Thailand, followed by India, Japan, Argentina, Chile, and Peru by the end of 2023.

October 2023

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Thought Machine & Form3 partner on real-time payment processing

Thought Machine has partnered with Form3 to add FedNow, TCH RTP, and SEPA Instant Credit Transfer connectivity to its payment platform, Vault Payments.

 

This partnership brings together two next-generation payment solutions, offering banks and financial institutions an end-to-end solution for seamless real-time payment processing.

Thought Machine’s Vault Payments is a cloud-native and API-enabled platform designed to simplify payment processing for banks. Its Universal Payment Engine processes all payment types and seamlessly integrates with any method, scheme, or region globally, granting total payment orchestration control with unparalleled customisation of payment flows.

Through the integration of Vault Payments with Form3’s account-to-account platform, clients can harness the powerful configuration capabilities of Thought Machine, in conjunction with Form3’s direct connections to various payment schemes.

Both Thought Machine and Form3 have built their platforms using cloud-native technologies, guaranteeing reliability, scalability, performance, and disaster recovery as core capabilities. Additionally, both platforms natively support ISO 20022 messaging standards, eliminating the resource-intensive migration process for banks.

October 2023

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Hokodo and Balance to extend cross-border payment terms

UK-based B2B Buy Now, Pay Later (BNPL) solution provider Hokodo has partnered with US-based B2B payments platform Balance.

 

According to the official press release, the partnership seeks to establish a one-stop shop for payment terms so that global B2B companies can extend flexible payments to customers spanning Europe and North America. 

News of this development comes as merchants offer flexible payments to drive growth and attract more customers. According to a recent study conducted by Hokodo and Balance, the need for having a unified payment terms solution that extends across various regions is key – with 62% of B2B sellers that took part in the research underscoring the necessity of such a solution.

October 2023

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Hokodo and Balance to extend cross-border payment terms

UK-based B2B Buy Now, Pay Later (BNPL) solution provider Hokodo has partnered with US-based B2B payments platform Balance.

 

According to the official press release, the partnership seeks to establish a one-stop shop for payment terms so that global B2B companies can extend flexible payments to customers spanning Europe and North America. 

News of this development comes as merchants offer flexible payments to drive growth and attract more customers. According to a recent study conducted by Hokodo and Balance, the need for having a unified payment terms solution that extends across various regions is key – with 62% of B2B sellers that took part in the research underscoring the necessity of such a solution.

October 2023

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Token.io announces Scandinavian expansion with Paysafe

Token.io, the account-to-account (A2A) payment infrastructure provider has announced the expansion of its direct open banking connectivity network to Sweden, Norway, Denmark, and Finland. The FinTech now offers Account Information Services (AIS) and Payment Initiation Services (PIS) services in these regions.

This unlocks new opportunities for Payment Service Providers (PSPs), including payment platform Paysafe, which has expanded its coverage with Token.io to offer consumers and merchants a frictionless service in Denmark.

Paysafe’s A2A payment capabilities (also known as Pay by Bank) allow customers to pay merchants securely and directly from their bank account using their online banking to authenticate the payment. The purchase or account top-up takes place immediately and directly through the website or the gateway of the merchant.

October 2023

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Stripe embeds A2A payments in checkout with TrueLayer

TrueLayer has become the first European open banking payment option listed on Stripe’s Payment Element, an embeddable UI component for checkout pages used by thousands of merchants around the world.

Stripe is to provide customers of European merchants with the option to ditch card-based payments in favour of open banking linked transactions through an embedded checkout integration with TrueLayer.

Consumers will be able to select open banking payment at checkout, after which they will be redirected to TrueLayer’s payment page to confirm their payment either within their bank app or online bank account..

October 2023

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Airwallex Signs Definitive Agreement to Acquire Mexico Payments Company MexPago

Airwallex, a leading global payments and financial platform for modern businesses, today announced it has signed a definitive agreement to acquire MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. The transaction is subject to regulatory approvals and customary closing conditions.

This acquisition will enable Airwallex to expand its financial infrastructure into Latin America and advance its mission to empower and support businesses to grow and operate across borders. It is an important part of Airwallex’s broader growth strategy in the Americas, where the company has seen more than 460% YOY revenue growth.

October 2023

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NMI acquires Sphere's commercial division

Commerce enablement technology company NMI has acquired the SphereCommercial Division to simplify payments for partners and to strengthen its risk management offerings. 

 

Following this announcement, the acquisition is set to strengthen NMI’s underwriting and risks management offerings, as well as to give its partners and collaborators (such as independent sales organisations, fintech innovators, or independent software vendors) the possibility to design merchant accounts with the existing platform of the company. 

In addition, by incorporating Sphere’s Commercial Division in its suite of solutions, NMI will allow its clients to monetise more value chain by providing additional payment capabilities to their traders and merchants. As NMI’s partners will be enabled to use their own merchant accounts just as before, the possibility to create new merchant accounts will also allow them to deliver an improved flexibility and security in order to meet the needs, expectations, and demands of their traders and users.  

The terms of the acquisition are undisclosed, and the process will not affect any of the other entities of Sphere. The employees of its Commercial Division will be included in the NMI community. 

October 2023

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Noda and Tickets Travel Network Forge Partnership for Seamless Travel Payments

The global open banking provider Noda has joined forces with Tickets Travel Network, a frontrunner in the European online travel market, to facilitate instantaneous open banking payments within the travel industry.

Tickets Travel Network, known for its extensive service across various European locations, including Latvia, Lithuania, Estonia, Netherlands, Spain, Italy, Austria, Germany, France, and Poland, has now integrated Noda’s robust Open Banking platform. This integration facilitates secure and direct account-to-account (A2A) payments, providing a seamless payment experience for travellers.

With an acceptance rate of around 90% in most of the serviced regions, this collaboration ensures a high throughput of payments, making transactions smoother for millions of travellers.

October 2023

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Scalapay joins forces with RegTech Fourthline for a state-of-the-art regulatory solution

Scalapay, among the pioneers of the Buy Now Pay Later sector, and backed by its new regulatory status as a payment institution, is strengthening its commitment to regulatory compliance by establishing a strategic partnership with Fourthline, a leading RegTech provider for financial players in Europe.

As a regulated financial institution, Scalapay constantly strives to ensure compliance with ever-changing regulatory requirements in all the European countries in which it operates.

By partnering with Fourthline, Scalapay has acquired a robust technology capable of guaranteeing compliance over time, and adapting to the changing European regulatory landscape.

Fourthline offers banks and fintechs a range of solutions enabling them to carry out KYC (Know Your Customer and AML (Anti-Money Laundering) procedures automatically and in compliance with local requirements, to verify customer identity and prevent money laundering. Its proprietary technology uses artificial intelligence techniques, including computer vision, biometric data analysis and optical character recognition.

October 2023

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Yoti releases new Digital ID app with Lloyds Bank 

Yoti has released a new Digital ID app with Lloyds Bank. Lloyds Bank Smart ID, gives people a more private, secure and convenient way to prove their age or identity.

 

This follows the £10m investment Lloyds Banking Group made in Yoti earlier this year. The investment supported the development of a new, reusable digital identity app to help combat the growing risks of identity fraud. Identity fraud is currently one of the biggest fraud threats to the UK public. 

Lloyds Bank Smart ID is a reusable Digital ID that allows people to share specific information with businesses. This includes name, date of birth or an ‘over 18’ proof of age. The information is shared without having to show physical identity documents or share an excessive amount of personal data. 

The app is built using Yoti’s technology, which is certified to meet the highest security and privacy standards. This includes ISO 27001 and 27701, and SOC2 Type II. The free app is available to UK residents. 

September 2023

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Mangopay, VTEX to facilitate digital transactions for businesses

The aim of this joint venture is to extend an integration that will enable marketplace operators to cover both payin and payouts via a single solution. This is expected to further aid the growth of global marketplaces by ensuring positive buying and selling experiences.

Context-wise, the solution introduced by the partnership comes amidst an impending recession worldwide – which has determined retail businesses to intensify their platformisation efforts. Consequently, the demand for external expertise that can help navigate intricate business models and dynamic customer demands has reportedly increased. The new solution made possible by the collaboration between Mangopay and VTEX comes to address this challenge. 

Following the partnership, VTEX-powered marketplaces are anticipated to be able to cater to local payment preferences. This capability is facilitated by Mangopay's modular global payment infrastructure. The new integration purportedly also introduces a seller onboarding process that includes identity verification.

September 2023

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iStudio and crypto payment gateway Triple-A announced a partnership 

In a sign that digital asset players are starting to make their way into the mainstream market here, Singapore’s biggest Apple products reseller will let customers make payments with cryptocurrencies.

iStudio and crypto payment gateway Triple-A announced a partnership that will allow customers to buy merchandise using cryptocurrencies at selected iStudio stores.

The roll-out will begin at stores across Singapore, including malls such as Jurong Point, Tampines Mall, Changi Airport Terminal 3, Paragon and NEX. The integration of Triple-A’s crypto payment options will help it reach out to a fast-growing segment of tech-savvy customers, iStudio said.

September 2023

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Centiglobe and Zimpler partner to improve innovative cross-border payment solutions

Zimpler, a fintech company providing seamless and secure account-to-account payment solutions, and Centiglobe, a front-runner empowering smart DLT (Distributed Ledger Technology) cross-border payments, are entering a partnership to enable companies to innovate their cross-border payments capabilities to become predictable, instant, automated and secure globally.

By leveraging Zimpler’s instant payment capability and access to local accounts and Centiglobe’s payment rails, the partnership will enable unique solutions to specific segments, such as cross-border factoring, as well as broader innovative cross-border payment capabilities.

In May, Zimpler announced its launch of instant cross-border payouts, allowing customers to instantly send Euros to all 20 Eurozone countries through SEPA (Single Euro Payments Area), with no hidden fees or complex administrative work. As a next step, the partnership between Zimpler and Centiglobe will further enhance Zimpler’s cross-border payments capabilities, and enable instant payouts globally.

September 2023

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Payoneer and Airbnb Expand Long-Term Relationship to Allow Hosts in Additional Countries to Get Paid in Local Currency

Payoneer, the financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally, has extended and expanded its strategic partnership with Airbnb. Payoneer is a preferred payment provider for Airbnb across multiple countries, enabling Hosts to get paid quickly and locally.

Payoneer’s platform connects businesses around the world through a scaled infrastructure and a global, resilient network of bank partners. This not only allows Airbnb Hosts in such locations to get paid locally but also to access and spend funds in a variety of ways, among other benefits.

September 2023

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IKEA Partners with Afterpay to Offer Its First-Ever Buy Now, Pay Later Program

IKEA U.S. introduces its first-ever Buy Now, Pay Later (BNPL) program in partnership with Afterpay, providing increased financial accessibility through a budget-friendly payment option for shoppers. Afterpay “Pay in 4” service is now available nationwide in-store and online at IKEA.com for all U.S. customers.

IKEA U.S. and Afterpay partnered to enable financial freedom and affordability to today’s consumers who prefer to pay over time. IKEA continues to provide a seamless and affordable shopping experience for the many, while also providing high-quality products and services.

 

Afterpay’s interest-free product allows customers to pay in four payments over a six-week period with no credit impact to customers for eligible orders. This omnichannel partnership enables customers to shop for IKEA home products and choose Afterpay’s flexible solution at checkout. In-store customers can scan a QR code to download the Afterpay app or log in to their existing Afterpay account and add the payment method to their virtual wallet.

September 2023

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Wirex leverages Polygon CDK for its payment-focused App Chain

UK-based crypto payments platform Wirex has revealed that it will leverage the Polygon CDK (Chain Development Kit) to build its upcoming App Chain.

 

This strategic move aims to position Wirex at the forefront of the evolving landscape of crypto payments by harnessing the technological progress offered by the Polygon blockchain protocol. 

Wirex's choice to employ the Polygon CDK, an openly accessible codebase designed for launching Ethereum Layer 2 (L2) chains powered by Zero-Knowledge (ZK) technology, allows it to establish its own payments-focused L2 solution.

 

Importantly, all chains created using the Polygon CDK maintain interoperability, ensuring automatic access to the collective liquidity of all Polygon chains and one-click accessibility to Ethereum's comprehensive liquidity pool. Additionally, they provide heightened security through the utilisation of ZK proofs, along with near-instant finality. 

September 2023

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Noda selects BVNK to enable stablecoin payments in the UK and EU

Open Banking payment provider Noda has chosen B2B payments platform BVNK to bring stablecoin settlements to the former’s customers across the UK and Europe.

 

In 2022, Noda began receiving requests from clients for stablecoin settlements due to faster settlement times. At the time of the announcement, stablecoins account for 10% of all cryptocurrencies, as per the press release. While industry volatility in 2022 saw the stablecoin market contract, volumes are almost back at their 2022 peak.

 

Around USD 30 billion in trades are made every day using stablecoins, with on-chain settlement reaching more than USD 7 trillion in 2022, surpassing the volumes of major card networks.

To meet customer demand, Noda needed a regulated partner that could provide a multi-currency account and enable digital asset payments. Noda selected BVNK and now uses BVNK’s Virtual Accounts and Global Settlement Network to convert 2 million euros into USDT stablecoins every month, to pay out to merchants. Noda has moved 90% of its stablecoin settlements to BVNK’s global payments platform.

September 2023

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Visa partners with Cashflows

Cashflows has extended its partnership with Visa to amplify authorisation rates and provide customers with instant payouts and international payment offerings.

 

By connecting to Cybersource, one of the products that are included in the Visa Acceptance Solutions, customers and clients of Cashflows will be enabled to access a new community of partners and an ecosystem of services. This will give Cashflows the possibility to scale faster and deliver an improved overall user experience, while also increasing reach. 

The partnership is set to increase the merchant authorisation rates of Cashflows, while also looking for new ways to meet the needs, preferences, and demands of the company’s collaborator and trader community. Moreover, it is set to recognise the importance of lost revenue that comes from card declines, updating automatically the customer credentials while also refreshing across channels in order to protect the card on file and recurring transactions. 

September 2023

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Zip Partners with Global Payments Leader Primer to Accelerate U.S. Growth and Market Share

Leading digital finance innovator Zip Co has announced a strategic partnership with Primer, the unified infrastructure for global payments and commerce, to expand and optimise its payments stack, as Zip further accelerates its growth opportunity in the US market.

The announcement follows Zip’s recent year-end results, which revealed record transaction volumes (TTV) of $8.9b (up 7.0% YoY) and record group revenue of $693.2m (up 16.1% YoY). In the US, Zip exited FY23 with positive cash EBTDA on a sustainable basis.

Primer unifies payment and commerce services while delivering a powerful set of payment recovery, success and insights tools to provide businesses with unrivaled flexibility and visibility across their payments lifecycle. They will support Zip to access and connect new card acquirers and processors, fraud and communication tools to boost top line, while leveraging features such as fallbacks to reduce operational costs and build for contingencies.

The partnership with Primer will further drive distribution of Zip’s BNPL offering, lender WebBank, with plans for Primer to also add Zip as a payment option, enabling merchants across retail, fashion, travel and mobility industries to add Zip to their payments stack with just a few clicks.

September 2023

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Affirm partners with Booking.com

Payment network Affirm has announced its partnership with Booking.com in order to provide travelers and customers with improved and flexible payment options.

 

Throughout this partnership, Affirm will be available at checkout across several Booking Holdings travel brands, while expanding on existing collaborations with KAYAK, Agoda, and Priceline at the same time. 

By selecting Affirm at checkout, Booking.com clients are set to have the option to select a personalised payment plan that will be designed to work best for their budget, with the option to pay over time in either monthly or bi-weekly payments. The integration of Affirm will give travelers the opportunity to book now and pay over time, with the assurance that they will not pay more than they agreed at the moment of the checkout.

 

The partnership aims to provide merchants with the possibility to have increased overall sales, average order values, and conversions, as well as to reach new clients around the world. Booking.com will also join Affirm’s network of traders, which includes worldwide companies and businesses. 

August 2023

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Trustly joins forces with SlimPay to revolutionise the recurring payments experience

Trustly, a Stockholm-based global payments method has Parisian recurring payment collection startup SlimPay in a deal worth €70 million according to Bloomberg.

The acquisition sets the stage for Trustly to expand beyond account-to-account (A2A) payments and will leverage SlimPay's SEPA direct-debit capabilities, specifically in the realm of recurring revenues, i.e. subscriptions, expertise. 

"We are thrilled that SlimPay is joining Trustly. SlimPay’s SEPA solution for modern Direct Debit in combination with the optimised experience of Trustly Azura will together be able to revolutionise the recurring payment experience and create a new industry standard," commented Trustly Group CEO Johan Tjänberg. "The addition of SlimPay is fully in-line with Trustly’s strategy to offer a unique 360 degrees embedded experience across all types of digital payments.“

August 2023

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Guavapay partners with Yapily to leverage Open Banking

UK-based fintech Guavapay has partnered with Open Banking platform Yapily to provide a faster experience across the former’s new payment application.

 

Through this partnership, Guavapay aims to enhance the user experience of its newly launched payment application named MyGuava. Specifically, Yapily's Open Banking technology will be integrated into the MyGuava platform to enable quicker top-up transactions for GBP and EUR accounts from supported bank accounts. Guavapay intends to utilise Yapily's secure Open Banking platform API to provide customers with secure access to and direct transfer of funds from their preferred financial institutions to their MyGuava accounts. 

The incorporation of this technology eliminates the need for traditional, time-consuming fund transfer methods involving manual account input. Open Banking contributes to data breach prevention, simplifies the payment process, and conserves time and effort for MyGuava users. Thanks to Yapily's robust API-driven platform, Guavapay can ensure a secure and smooth fund transfer experience for its customers, which has the potential to support customer loyalty.

August 2023

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Teamwork Commerce partners with Adyen to launch Pay by Link solution

Global retail management software Teamwork Commerce has announced the launch of its Pay by Link solution in partnership with fintech platform Adyen.

 

The joint solution seeks to support an extensive array of omnichannel capabilities for simplified transactions for retailers, with Pay by Link enabling retail customers to pay for items leveraging a secure URL link that is provided by the retailer and powered by Teamwork Commerce.

The payment page operates across an array of devices and can be accessed either through email, separate link, or by scanning a QR code. What is more, the technology also enables consumers to make partial payments rather than full transactions, and accepts all well-known payment methods, including Afterpay, PayPal, and digital wallets.
 

August 2023

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EchoPay  and Token have announced their partnership to bring A2A payments to wholesale merchants across the United Kingdom

Account-to-account (A2A) payments provider, EchoPay, and open banking payment infrastructure leader, Token.io, announced their partnership to bring A2A payments to wholesale merchants across the United Kingdom

Underpinned by Token.io’s best-in-class connectivity for A2A payments, EchoPay enables businesses to accept A2A payments at point of sale, providing an additional low-cost payment option with instant settlement and enhanced security.

August 2023

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Global Cybersecurity Leader VU Joins Forces with NovoPayment to Revolutionize Digital Payments and Fraud Prevention

This partnership between VU and NovoPayment will drive innovation in cybersecurity, allowing both companies to expand their impact on the financial industry. Through the synergy of their technologies and expertise, they will tackle fraud and cybercrime challenges, providing protection and security to millions of users worldwide.

Sebastián Stranieri, founder and CEO of VU, stated: "Collaborating with NovoPayment allows us to expand our vision and address new challenges in the field of cybersecurity in the financial sector. Together, we are committed to generating a positive impact by creating digital solutions to improve the quality of life for citizens and organizations."

Anabel Pérez, CEO of NovoPayment, added: "In the new digital economy, collaboration is key. This alliance will enable us to enhance our payment solutions, providing users with an even safer and more reliable experience. We are excited to work with VU, a leader in cybersecurity, to ensure the peace of mind of our clients in the digital world."

August 2023

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AstroPay becomes Tottenham Hotspur’s Official Payment Partner

Tottenham Hotspur has today announced AstroPay, a leading fintech company and the preferred sports-focused payment solution for millions worldwide, as its Official Payment Partner.

This partnership will enable Spurs fans to take their passion for the Club to a new level. Fans who use the Spurs-branded prepaid card and other AstroPay products will enjoy accumulating AstroPoints with each purchase.

 

These points open the door to unforgettable experiences, including Premium match tickets, autographed merchandise, Training Centre tours, and even virtual interactions with the manager and players. Additionally, cardholders will have exclusive early access to the upcoming F1 DRIVE – London – a new karting experience set to debut at Tottenham Hotspur Stadium.

August 2023

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Wirex has partnered with security and transaction monitoring solutions provider Sumsub

Through this partnership, Sumsub will provide Wirex with Transaction Monitoring capabilities, Travel Rule compliance solutions for virtual asset transfers, and its KYC (Know Your Customer) software for client identity verification. 

The Financial Action Task Force (FATF) mandates that virtual asset service providers (VASPs) adhere to Anti-Money Laundering (AML) regulations to ensure transparency and accountability.

 

UK regulations, effective from 1 September 2023, fall in line with this. Sumsub's solution facilitates secure Travel Rule information transfers between virtual VASPs, performing necessary KYC checks, AML screening, and verification in line with regulatory requirements and Wirex's needs. 

August 2023

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Endava partners with AcceptPayments.com

Digital transformation, agile development, and intelligent automation services provider Endava has partnered with AcceptPayments.com.

 

This collaboration aims to establish an online comparison marketplace for payment services, changing how businesses discover their Payment Service Providers (PSPs). Small and medium enterprises (SMEs), as well as larger corporations, will gain the ability to assess offers from PSPs related to various payment acceptance methods such as credit cards, Open Banking, cryptocurrencies, and direct debits. 

This platform will enable merchants to compare services across different categories, including merchant accounts, card machines, tap-to-pay options, QR code payments, pay-by-link solutions, payment gateways, virtual terminals, and Buy Now Pay Later (BNPL) alternatives for their online, physical store, remote, or multichannel retail operations. Plans are also underway to incorporate a natural language processing tool driven by artificial intelligence technology. 

August 2023

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PaymentComponents partners with Brillio

PaymentComponents, a Greece-based B2B AI, payments, and Open Banking solutions company has partnered with Brillio, a global digital technology service provider, aiming to change global payments solutions.

 

This partnership signifies a step for PaymentComponents in its aim to drive the global adoption of ISO 20022/CBPR+ standards and advance the modernisation of payments through AI/ML-powered financial messaging solutions.

 

By joining forces, PaymentComponents and Brillio expand Brillio's service portfolio to include the full suite of PaymentComponents products, aiming to reshape the payments landscape.

August 2023

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Know Your Customer teams up with MineSec 

Know Your Customer, a regtech company that offers KYB automation solutions, has partnered with MineSec, a white-label SoftPOS solution provider, to enhance the onboarding experience of its SoftPOS solution.

 

The partnership will allow MineSec and its client base to utilize Know Your Customer's modular compliance technology to verify onboarding merchants in real-time.

 

This ensures accurate company documentation to identify their ownership structure and unravel ultimate beneficial owners (UBO). Through partnering with Know Your Customer, MineSec will now offer a more dependable and reliable solution to its customers, which will help to contribute to a safe and secure ecosystem for its users on the platform.

July 2023

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Skipify & Amex team up to elevate Shopper Experience at Checkout

Skipify, a fintech company redefining the checkout experience, has teamed up with American Express to connect Amex U.S. Consumer Members' Cards seamlessly into checkout. Skipify's technology, launching exclusively with American Express, identifies select Amex customers via their email address, enabling them to automatically link their eligible Amex Cards to check out with participating merchants.

 

This solution removes the need for consumers to manually enter their payment and billing details, improving merchant approval and conversion rates.

July 2023

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SEPAexpress and Tink partner to offer a seamless payments journey across Europe

SEPAexpress, a specialised payment provider in account-to-account payments, has partnered with Tink, Europe’s leading open banking platform, to enhance its payment solutions.

Partnering with Tink allows SEPAexpress to offer both open banking data products and payments services to its clients across Europe, showing the value of using a number of Tink’s solutions together.

The German-based B2B payment solution is leveraging Tink’s API to provide Pay by Bank for seamless in-app payments, simplifying the payment process to improve the customer experience and optimise conversion.

SEPAExpress has also now integrated Tink’s Account Check and Balance Check services to optimise its direct debit product and improve success rates.

Account Check works by instantly verifying account ownership using real-time data straight from a user’s bank account, minimising user error in setting up direct debits and significantly streamlining the user experience.

July 2023

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Unlimit announces a global partnership with inDrive 

UK-based financial services company Unlimit has partnered with US-based transportation platform inDrive to support the latter’s expansion in new markets.

 

Through this partnership, inDrive will leverage Unlimit’s proprietary payment infrastructure, and it will gain the ability to process payments in local currencies and via alternative payment methods. According to Unlimit, inDrive is the second most downloaded mobility app in the world, as it provides the mobility needs of users in over 700 cities and across 47 countries. 

The partnership between these two entities relates to the way inDrive leverages dynamic pricing. To be specific, the cost of inDrive’s services is negotiated and agreed upon by both passenger and driver. This approach requires flexible payments solutions developed to adapt to local and international markets.

 

The collaboration with Unlimit will provide inDrive with access to an advanced proprietary payment infrastructure that supports different payment methods, including global and local card schemes, mobile and cash payments, direct transfers, and digital wallets.

July 2023

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3S Money has joined forces with TransferMate

3S Money announced partnership with the leading B2B global payments and Infrastructure as a Service (IaaS) company, TransferMate - A partnership which brings together two industry leaders determined to revolutionise global business payments for a faster, more secure and more accessible service. 

This partnership