Industry News

Online fraud lessons learnt in 2020

– There has been an increase in fraud seeking to circumvent payments security
– Behavioral biometrics took steps towards becoming a foundational cybersecurity technology
– Fraud prevention in 2021 will become as much about response as detection

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Chargebacks911 and Fi911 drives APAC expansion with the appointment of regional Director of Business Development

Merchant dispute technology specialist, Chargebacks911, is driving its ambitious growth plans in the Asia-Pacific (APAC) region with the appointment of its new Director of Business Development, APAC – Jia Min Tan.

Being based in Singapore, Jia Min will help facilitate the growth of Chargebacks911 and Fi911 (its new brand for financial institutions) in APAC, while bridging any language barriers that may be encountered in the region.

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A Cash-Free World through Biometric identification: Why and How?

The future of global commerce could be a cashless society, many experts predict, and that puts the burden on financial institutions to make sure their customers’ data is secure and protected.

As digital banking rises to replace the more traditional industry, one phenomenon has arisen hand-in-hand with it and that is the use of biometric technologies.

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AI Advancements in the Digital Banking Industry

The rise of digital banking has taken the traditional financial sector by surprise and for many good reasons. From pioneering the art of customer service online to using artificial intelligence to handle many of their operational tasks, digital banking is not just a glimpse of the future of finance. It is a peek into the future of the world of business itself.

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Why Covid-19 is Good for the Digital Transformation of Businesses?

The COVID-19 pandemic is nothing less than an inflection point for the global economy. From this point on, people will discuss business in terms of pre-COVID-19 and post-pandemic, and for good reason.

The global pandemic has initiated changes in the global supply chain that were slowly developing before but that are now becoming more prominent features of the landscape. Not only are companies pulling resources in towards the home base, but also they are recentering their businesses for the digital landscape.

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Contis joins forces with Mastercard as principal issuing member in Europe

Leading European payments fintech Contis announces its partnership with Mastercard as a principal issuing member.

With the addition of Mastercard, Contis delivers one of the most comprehensive end-to-end Banking-as-a-Service (BaaS) platforms, including direct access to both of the world’s leading payments networks.

Platform integration work is starting immediately, with expected go-live on the Mastercard network by Q2 2021.

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Judopay launches JudoAccept to support SMEs through COVID-19 recovery

Judopay has launched its integrated payments offering, JudoAccept, that will help SMEs maintain safety and social distancing measures at the checkout as highstreets reopen.

JudoAccept totally removes the need for interaction with any sort of payment terminal by allowing businesses to use smartphones and tablets to present the customer with a QR code that can be scanned by their devices at a distance.

Removing the need for costly payment terminals, integration resources and development time, JudoAccept also presents companies with a cost-effective alternative to usual payment methods as they operate in the current economic downturn. It can also be used can also create and send payment links for items such as takeaway food, taxi fares, invoices or utility bills.

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TagNitecrest develops Recycled PVC cards.

UK based payment card manufacturer TagNitecrest is bringing a new sustainable card option to the market for card-issuing banks. Having first introduced a degradable payment card, in 2019, the manufacturer can now offer a recycled PVC card option.

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Cybertonica brings enterprise-level anti-fraud solution to Shopify

eComm360 Fraud Prevention by Cybertonica, a new solution from the intelligent #fraud and risk management provider, is now available to Shopify merchants. The product offers enterprise-level protection and enhanced conversions while eliminating the headache of fraud and #chargebacks. This allows small and independent online businesses access to the same expert solutions as #ecommerce powerhouses.

The announcement comes following the busiest online #BlackFriday ever recorded – which saw a surge of nearly 22% on a year ago to $9 billion.

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Global Processing Services (GPS) selected as Department for International Trade London Export Champion

Global Processing Services (GPS) has been selected by the Department for International Trade (DIT) to become a London Export Champion. GPS joins a prestigious cohort of Export Champions who operate across various sectors, ranging from fintech to sustainable transportation, innovative food and drink products, to events management.

The London Export Champions are a group of London-based business leaders who have successfully sold overseas and are now willing to share their time and knowledge with other business leaders looking to do the same. GPS was selected due to its very successful launch in the APAC region in 2019.

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algbra launches global financial ecosystem

On the 22nd of October algbra featured in an interview conducted by the Emerging Payments Association’s Project Inclusion. algbra were interviewed by Ravindra Meshram and explained the issue of “faith-based underbanking”, whereby a segment of people may voluntarily exclude themselves from the financial system for reasons of faith.

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Have Biometric Technologies Brought the FinTech Industry to the Next Level?

The future of the FinTech industry might have more to do with a person’s individual biology than numbers and chips in the future, multiple reports indicate. Known as biometric technologies, this group of payments innovations remove the old pin systems and chips of old and replace them or augment them with fingerprint scanners and other biometric methods.

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The Digital Banking Era Transforming the Global Online Economy

The rise of the Internet and the spread of smartphones is, together, perhaps the single most powerful force of economic change ever at any point in history.
Not only are millions of people getting connected to the wider world for the first time, but also businesses are able to get up and off of the ground with little to no investment in brick-and-mortar, traditional locations. In other words, the digital era is one of opportunity and promise.

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Contis and Token Partner to Deliver New Value in Digital Payments

Payments provider Contis and Open Banking platform Token partner to deliver new value in digital payments. When complete, Contis’ 250+ clients will be able to use Token’s AISP and PISP functionality to deliver Open Banking services to their end-customers through the Contis Platform.

And Token’s merchant, digital wallet and PSP customers will be able to perform account pay-outs and refunds via the Token platform using established payment rails, such as Faster Payments in the UK, SEPA and SEPA Instant across the EEA.

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