Press Releases

Miracle on the high street: Local loyalty to keep small business hopes afloat

Three in four shoppers (76%) admit local high streets need support while four in five (80%) are shopping with local small businesses as much or more frequently since lockdown lifted, both in person and online
Despite this support, the next three months are crucial to the survival of two fifths (42%) of small businesses
Visa has partnered with grassroots initiative Totally Locally to sponsor Fiver Fest from 10th – 24th October and together they are calling on consumers to divert £5 of their weekly spend to support local businesses in store or online

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PPS Powers Vybe, The fintech for Generation Z

Today, PPS is announcing its partnership with France-based payment expert and card provider for teenagers, Vybe.

Due to the systems in place across France when it comes to banking and owning your own account, around five million teenagers (between 13 to 18 years old) have been left with no access to financial services.

This is a problem that Vybe aims to solve and is working with PPS to make it happen, thanks to the company’s well-tested technology infrastructure and PPS-powered Mastercard virtual cards.

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Entersekt and ndgit partner on secure open banking

Entersekt, a leader in device identity and omnichannel authentication, has announced a strategic partnership with ndgit, a Munich-headquartered open banking platform provider. The agreement makes Entersekt’s state-of-the-art strong customer authentication and smart messaging solutions available on the ndgit Marketplace, where financial services providers can access a carefully curated set of fintech products in a secure hosting environment.

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Two Future Digital Awards for Banking Circle

Following a record number of applications, Banking Circle has been awarded two prestigious awards in the 2020 Juniper Research Future Digital Awards. The innovative financial infrastructure provider was awarded the Lending Platform Platinum Award for Banking Circle Lending, and a Gold Award for Banking Platform Innovation.

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Global Processing Services Strengthens Executive Leadership Team with Trio of Appointments

Leading payments issuer processor, Global Processing Services (GPS), announces its appointment of three C-level executives: Richard Hodgson as Chief Financial Officer, Shaun Puckrin as Chief Product Officer, and Jerome Gudgeon as Chief Technology Officer.

The new hires bolster the executive leadership team of GPS, the payments processing partner for some of the most well-known and successful fintechs on the market, including Revolut, Starling Bank and Curve, as the business drives its global expansion plans forward beyond Europe and APAC. It’s also a great sign of confidence for the fintech sector.

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Netcetera and Mastercard launch 3DS testing platform for retailers

Netcetera is Mastercard’s exclusive 3-D Secure testing partner to help retailers and other businesses ensure they are ready to comply with PSD2. Mastercard and Netcetera, the market leader for 3DS and EMVCo associate, are supporting merchants to improve their transactions and conversion rates. This is the first time that merchants are able to run tests in their live online shops.

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Kompli-Global helps companies expose bad actors within their customer base

Kompli-Global, the leading RegTech AML specialist, has announced today that it that it is ensuring corporate entities do not fall victim to potential fraud and money laundering, as it unveils Kompli-Reveal™, a screening solution harnessing augmented intelligence (AI) and human expertise, to provide the most up-to-date information on their client bases.

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Radius Bank completes the full-circle in cross-border payments

Radius Bank, the best online US bank of 2020*, and Currencycloud, the leader in providing B2B embedded cross-border solutions, have partnered to offer Radius clients the ability to send money to more than 180 countries.

Following increased customer demand for international wire transfers for both their own clients and their Banking-as-a-Service partners, Radius sought to find a solution that could be quickly integrated. Using Currencycloud’s APIs means Radius Bank can send outgoing payments to international destinations they were unable to reach before on behalf of their clients.

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Modulr becomes first non-bank or building society to launch Confirmation of Payee

Modulr is the first non-bank or building society to join the Confirmation of Payee service.
Confirmation of Payee allows users to check if the payment details they’ve entered for a person or business match the details held by the recipient’s bank.
This provides reassurance that payments are being sent to the right recipient and protects Modulr customers from certain types of payment fraud.

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EQ introduces EQPay

EQ (“Equiniti Group plc”), an international technology-led services and payments specialist, is delighted to announce that its business payment platform has a new name, EQPay.

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Form3 raises $33 million in strategic investment round with new investors Lloyds Banking Group, Nationwide Building Society and VC 83North

FORM3 is delighted to announce it has raised $33 million in a strategic investment round with new investors Lloyds Banking Group, Nationwide Building Society and VC 83NORTH.

Following our Series B funding round in November 2018, Form3 has trebled in size and increased its annual recurring revenue by 160%.

The funding will strengthen Form3’s market-leading cloud-native payment technology, building significant functional enhancements, and accelerating our global expansion plans in existing and new markets.

Michael Mueller, Chief Executive Officer at Form3 said, “Our latest equity round is a testament to our growth and maturity in delivering highly secure, best in class technology for major financial institutions globally.”

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Currencycloud secures e-money license from Dutch Central Bank to help drive European expansion

We are pleased to announce that we are now 1 of 7 non-banks to have secured an e-money license from the Dutch Central Bank.

Mike Laven says of the recent news, “Covid-19 has accelerated the rush towards digital payments and Europe represents a tremendous opportunity for Currencycloud. The Netherlands possesses the perfect blend of factors to support our expansion in the EU…”

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Starling, TranSwap and Remitr among first wave to sign up to Currencycloud Spark

Last year the pilot programme for our newest offering, Currencycloud Spark went live.

Over 30 Fintechs around the world, including Starling Bank, Remitr and TranSwap , signed up to benefit from the functionality, which gives businesses and their customers – the ability to receive, store funds and make payments in more than 30+ different currencies, almost anywhere in the world.

We’re pleased to now announce the wider rollout of Currencycloud Spark, our multi-currency wallet infrastructure!

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Trust Payments Ltd announces acquisition of customer engagement and mobile loyalty platform Mobilize Systems

Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies today announced it has acquired Mobilize Systems, a UK based engagement and mobile loyalty platform serving the retail and hospitality sectors.

Mobilize provides seamless, data-rich services to merchants looking to capture and expand customer engagement and loyalty programmes, primarily in the mobile space. The acquisition will enable Trust Payments to combine behavioral analytics with transactional data to offer enhanced product journeys for customers, improved payment options, and better insight for businesses.

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xpate launches xPP, a new strategic initiative to support worldwide partner community

xpate, a fintech services platform for both retail and business customers, launches xPP [xpate Partnership Program] to emphasize its major commitment to grow through and with its partners. xPP makes it fast and simple to refer businesses that will get access to a global payments platform along with the opportunity to expand their operations with value added services, local payment and wire transfer options across the globe.

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Privat 3 Money partners with FintechLab

Privat3Money (P3) a UK E-Money Institution who offers global citizens and corporates an intuitive digital platform to manage their financial needs, has selected Vilnius (Lithuania) based FintechLab to power its core payments platform and mobile app.

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B2B eCommerce Models – Growth Challenges and Opportunities

As brick-and-mortar firms come under increasing market pressure, eCommerce business models are starting to appeal to a larger segment of the global population and it is so for solid reasons. For one, they’re not only more nimble and agile firms when it comes to meeting customer demands and adapting to the market but also they are the first to take advantage of the latest innovations in B2B eCommerce solutions like virtual IBANs.

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