PaymentsTalk
Wrapping up latest news about collaborative partnerships in payments industry
Nov 24
Ecommpay Expands Token.io Partnership for Open Banking
Ecommpay, a global payment platform, has expanded its partnership with Token.io, a provider of account-to-account (A2A) payment infrastructure. The collaboration now includes virtual accounts for the Netherlands, Spain, France and Ireland, bolstering Ecommpay's Open Banking Advanced offering.
Virtual accounts, a feature that enables businesses to receive real-time settlement confirmation and process API-driven refunds or payouts, are now available in these four additional markets. This expansion aims to improve transaction speed and efficiency for e-commerce merchants.
Nov 24
Forter and Paydock are Joining Forces
Forter and Paydock are joining forces to deliver an integrated solution that will reshape the opportunity merchants and acquiring banks have to lead the market in fraud and payments. This partnership, leveraging Forter’s AI-driven fraud insights within Paydock’s payments enablement infrastructure, is designed to help businesses take on these challenges in a more seamless, scalable way.
As Forter and Paydock prepare to launch this solution in early 2025, the partnership signals a forward-thinking approach to both payments and fraud management, designed to stay ahead of evolving threats and business needs. Together, Forter and Paydock are setting the stage for a more resilient, adaptive future in digital commerce, empowering businesses to scale confidently and securely in the face of tomorrow’s challenges.
Oct 2024
Lowell extends partnership with Tietoevry for debt collection service
Lowell, one of the largest credit management companies in Europe, has signed a three-year extension of its contract with Tietoevry Banking for Collection Suite Nova, the end-to-end collection solution driving growth.
The new contract ensures continued use of Collection Suite Nova, the end-to-end collection solution, delivered as Software as a Service (SaaS) from Tietoevry’s private cloud. The agreement covers service in Sweden.
The transition to a SaaS model has enabled Lowell to streamline its operations and focus more on its core business. Through this delivery, Lowell benefits from a compliant solution that enables scalability and supports business growth. Additionally, Lowell has improved its time to market for new functionalities, client onboarding and revised offerings.
Oct 2024
Zopa Bank partners with John Lewis Money to offer personal loans directly to its 23 million customers
With this new partnership, consumers can access Zopa Bank personal loans through the John Lewis Money website, giving consumers more finance options that are simple, transparent, and have great value.
Customers can get a personalised loan quote in 3 minutes with no impact to their credit score, with most customers accessing their money in under 2 hours once their loan has been approved.
With loans starting from £1,000, the move will make Zopa Bank’s trusted loan products accessible to more John Lewis customers - whether it’s for a new car, the wedding of their dreams, or making a house a home. The maximum loan available is £35,000, with the term ranging from one through to seven years.
Sep 2024
Lopay and YouLend partner to provide financing for UK SMEs, surpassing £1 million in funding
Lopay, a London-based payment processing app that focuses on faster payouts and lower processing fees, has announced a strategic partnership with YouLend, the leading global embedded financing platform, to make flexible and affordable business financing available for Lopay’s 40,000+ customers.
This partnership seamlessly integrates access to capital into Lopay’s Point of Sale (PoS) platform – helping SMEs gain a competitive edge in the UK market. Lopay customers will continue benefiting from Lopay’s competitive payment fees while gaining access to capital to tackle the cash flow challenges businesses face daily.
Sep 2024
Ebury partners Salt Edge to expand its Open Banking presence
Ebury has partnered with open banking provider Salt Edge to integrate its PSD2 APIs. This collaboration will enable both companies to enhance visibility and attract new customers while offering existing customers open banking services.
Ebury has built a secure, end-to-end payment infrastructure that offers its clients a wide range of international payment, FX and lending solutions. The company aims to simplify and power global trade by making it more accessible for businesses of all sizes. Its robust technology is designed to help clients scale and transact worldwide. With Salt Edge’s open banking expertise, the company can extend its reach and help clients unlock global growth.
Sep 2024
FinMont Announces Partnership with Leading Cross-Border Payments Specialist, Inpay
Global payment orchestration platform FinMont has announced a new partnership with Danish Payments Service Provider Inpay.
The new alliance will allow FinMont to incorporate Inpay’s global banking network into its own payments ecosystem, expanding Finmont’s global reach and speeding up cross-border disbursement times for the benefit of its international travel merchants.
Sep 2024
Tarabut acquires payments platform Vyne
Open banking platform Tarabut today announced the acquisition of London-based Vyne, a real-time account-to-account (A2A) payments platform for online businesses.
This strategic acquisition, which has been approved by both the Saudi Central Bank (SAMA) and the UK’s Financial Conduct Authority (FCA), bolsters Tarabut’s ability to deliver faster, more accessible, and more interconnected financial services, both across the region and globally.
The integration of Vyne’s advanced technology into Tarabut’s operations will bring cutting-edge A2A payment capabilities to the Middle East, starting with Bahrain, where the first customer is expected to go live by the end of the year, and expanding to Saudi Arabia and the UAE as Open Banking regulations evolve.
July 2024
Outpayce From Amadeus Builds B2B Digital Wallet on Mambu
Outpayce has selected Mambu’s cloud banking platform to launch its multi-currency digital wallet offering to simplify the end-to-end travel payments experience.
Amadeus, a global leader in the travel tech industry, launched Outpayce last year as a standalone entity to evolve its travel payments business, facilitating B2B payments to the travel industry. Last year, Amadeus processed more than $160 billion in payments amongst its customer-bases worldwide.
While securing its EMI licence, Outpayce turned to Mambu for its track record of supporting financial institutions in their core modernisation journeys and for its global presence, operating in 65+ countries.
As a key payment player in the travel industry, Outpayce required a robust core banking system to support a high volume of transactions and current accounts. Running on Mambu provides Outpayce with the ability to configure, launch and optimise a breadth of financial products through its self-service, SaaS platform, all from the cloud.
June 2024
Ecommpay Announces Partnership with BigCommerce
Ecommpay, the end-to-end payments platform for eCommerce, has added BigCommerce to its list of integrations. It will enable UK and EMEA merchants access to a payment solution that helps them save on the costs associated with payment processing via intelligent routing and cascading, as well as increase approval rates, enhance the checkout experience, and ensure secure payments.
The new ready-to-use plugin will allow customers to upgrade their payment systems with no downtime, using a simplified integration process. Via one single integration, customers can now enable a wide range of global and local payment methods, including PayPal, Apple Pay, Google Pay, and Ecommpay’s own in-house Open Banking solution, as well as Buy Now, Pay Later (BNPL) options like Klarna and PayPal Credit, and Direct Debit.
June 2024
NatWest to buy most of Sainsbury’s Bank
NatWest is to buy most of Sainsbury’s banking business in the first significant deal by new chief executive Paul Thwaite and one that accelerates the supermarket sector’s exit after a failed push into financial services.
The state-backed bank said on Thursday it had agreed to buy £2.5bn of assets, including unsecured loans and credit card deposits and £2.6bn of liabilities, from the supermarket chain. The deal does not include Sainsbury’s Bank’s cash machine, insurance and travel money business or Argos Financial Services. Sainsbury’s will pay NatWest £125mn as part of the deal.
As part of the transaction NatWest Group also expects to add around one million customer accounts.
It will also receive a £125m payment from the retailer when the deal completes in the first half of 2025.
The deal marks a wave of consolidation among smaller lenders in the UK banking market, alongside the phased retreat of supermarket operators from the industry. In February, Barclays struck a deal to buy most of Tesco Bank for £700m.
May 2024
Wirex chooses OpenPayd to launch embedded accounts across UK and EEA
OpenPayd announced its partnership with Wirex, a prominent Web3 money app, to provide named virtual IBANs to its customers across the UK and European Economic Area (EEA) strengthening Wirex's core mission to provide easy, fast and secure payment methods to its customers.
The partnership will see OpenPayd issue virtual IBANs to Wirex customers in 30+ countries across the UK and EEA. Customers will have access to the Faster Payments network in the UK and Single Euro Payments Area (SEPA) Instant payments for Euro-denominated deposits and withdrawals.
The service will be fully embedded into Wirex's infrastructure via OpenPayd's single, developer-friendly API. Wirex customers will receive a unique, named IBAN, enabling them to seamlessly transfer EUR and GBP between their Wirex and bank accounts.
May 2024
Flutterwave & Acquired.com partner for card payments on Send App
Flutterwave has partnered with Acquired.com to help users process domestic card payments on Send App, Flutterwave’s flagship remittance product.
Leveraging Acquired.com’s payment processing expertise, Send App will offer faster and more secure outward remittance transactions for UK and EU cardholders sending money to their business partners or loved ones in Africa.
A pivotal aspect of this partnership involves Acquired.com’s work with Flutterwave on payment optimisation. This entails tailored analysis, presenting results, and offering recommendations to enhance Flutterwave’s processing capabilities further and streamline the customer journey. These recommendations, combined with the introduction of intelligent BIN routing through Acquired.com’s multiple acquiring connections, have resulted in a frictionless customer experience.
April 2024
ComplyAdvantage buys Golden to boost financial crime intelligence
AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder.
an Francisco-based Golden is a startup "automating the construction of one of the world’s largest knowledge graphs, which shows interconnected data points and their relationships for the purpose of analysing complex information".
ComplyAdvantage says Golden’s data extraction and disambiguation will bring additional sources into its data ingestion layer to provide clients with more comprehensive, real-time financial crime risk insights.
April 2024
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
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
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
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
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
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
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
Gain New Insights Into the Cross-Border Payments and Ecommerce Space – The Paypers’ New Report
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February 2024
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
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
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
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
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
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
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
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
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
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
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
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
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:
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Real-time, accurate screening;
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Multiple screening configuration capabilities;
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Easy integration via APIs to Napier platform;
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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
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
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
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
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
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
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
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
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
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
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
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
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
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.
October 2023
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.
October 2023
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
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
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
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
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
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
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
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
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
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
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
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
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.