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Press Releases

Revelock Forms New Advisory Board to Advance Fight Against Online Bank Fraud

Revelock, the pioneer in behavioural biometric-based online fraud prevention (formerly buguroo) has announced the formation of its Advisory Board.

Six prominent industry experts – Monica Pal, Selim Aissi, Janet Rathod, Doug Dangremond, Millicent Tracey and Al Pascual – come together to bolster the company’s ability to proactively protect banks, fintechs and their own customers from ever-evolving fraud.

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Revelock Unveils New Fraud Detection & Response (FDR) Platform For Financial Institutions to Continuously Protect Against Fraud

Revelock, the pioneer in behavioural biometric-based online fraud prevention (formerly buguroo) has launched its new Fraud Detection & Response platform for financial institutions.

The platform uses behavioural biometrics to continuously verify identities, protect web and mobile banking apps from account takeover, malware attacks RATs and phishing.

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buguroo becomes Revelock as it Changes the Game of Online Fraud Prevention

buguroo, a pioneer in behavioral biometric based online fraud prevention, has become Revelock after undergoing a major rebranding process as it enters a new era of online fraud prevention.

Spanish cybersecurity company also unveils the Revelock Fraud Detection & Response (FDR) Platform – updating and enhancing its capabilities to protect against more threats and further reduce the operational costs of fighting fraud – as well as a new Advisory Board made up of industry veterans.

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SAFENETPAY AND BANKING CIRCLE TAKE THE COMPLEXITY OUT OF CROSS BORDER PAYMENTS

One stop business payment solution provider, Safenetpay, has joined forces with ground-breaking payments specialist, Banking Circle, to further enhance its cross border payment offering. Utilising Banking Circle’s multi-currency accounts, SEPA and SWIFT transactions solutions and foreign exchange (FX) capabilities, Safenetpay’s business customers can now access additional currencies, competitive FX rates and quick, reliable transactions within SEPA.

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Modulr receives strategic investment from the venture arm of FIS

Modulr receives strategic investment from the venture arm of FIS
• FIS Ventures invests in leading UK FinTech Modulr, as it drives real-time payments solutions and capabilities at a global scale.
• Modulr, the payments platform, is regulated by the Financial Conduct Authority and Central Bank of Ireland, with the EMI also benefiting from direct access to the Bank of England.  
• The corporate and business payments market, in which Modulr operates, is considered to be worth $2 trillion, nearly five times as large as consumer payments.

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Checkout.com Targets $100bn Real-Time Payments Opportunity with Payouts Product Launch

Checkout.com, the leading cloud-based global payment solutions provider, has announced the launch of its Payouts Product, which enables merchants to make seamless payments directly to eligible recipients’ cards and bank accounts.

The solution will enable merchants to make payouts in real-time to over four billion cards in over 174 countries and seamless payments to local bank accounts in over 40 countries around the world. It also leverages market-leading scheme and interbank FX rate sources, leaving global merchants with minimal exposure to currency fluctuations.

Payouts will enable the remittance, digital wallet, travel, insurtech and the gig economy industries to deliver more efficient, faster payments as a competitive differentiator. Checkout.com is the only payment service provider to have built a completely new infrastructure that spans the entire payouts value chain.

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Privat3 Money announces launch of a new Mobile App

The London based E-Money solution for global citizens Privat3 Money (P3), is pleased to announce the launch of its new Mobile App available for both Apple IOS and Android devices. This milestone is P3’s latest step to provide its global citizen clients a completely seamless user experience and ultimately greater control over their finances.

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PPS set to Power pockid, Germany’s first Gen Z fintech

PPS, payments and banking-as-a-service provider, has officially announced that it is powering the first Gen Z fintech for the German market. pockid is the first German Neobank specifically designed for Generation Z (15-24-year olds), providing a much-needed solution to the payment spending issue facing German youths. PPS enables pocked to achieve this through its scalable solution, utilising years of experience powering banks and fintech across the globe.

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Allstar adds Plug-N-Go to its fast growing EV charging network

Allstar Business Solutions has partnered with the electric vehicle (EV) fast charging point provider Plug-N-Go.

Allstar will be integrating Plug-N-Go’s 18 EV charging sites into its multi-branded Allstar One Electric network, which now consists of over 1,700 sites across the UK.

For customers, the partnership will:

• Provide greater access to charging points, lowering range anxiety – a barrier for businesses adopting EV
• Ensure that they have full control over their drivers’ refuelling and spending habits, capturing where and how company money is being spent

For Allstar, the partnership is the latest in a string of strategic deals that are enabling it to work towards its goal of creating an EV charging network equivalent to its traditional fuelling points.

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FCA grants Authorised Payments Institution License to Trust Payments

Trust Payments is pleased to announce that the United Kingdom’s Financial Conduct Authority (FCA) has granted its subsidiary, TrustUK Payments Ltd, an Authorised Payment Institution (API) License. The license permits the company to engage in payment services directly in the UK without the need to rely on its existing EU licensing structures, or transitional arrangements in the wake of Brexit.

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Banking Circle enhances frictionless cross border payments with purpose-built, cloud-based payments platform

Banking Circle, the financial infrastructure provider, today announces that it is now completely cloud-based, with all aspects of its infrastructure hosted within Microsoft Azure. This includes its purpose built, cloud-first, cross border payments platform, which delivers greater speed, enhanced functionality, and a more intuitive user experience to its clients.

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Nuapay announces major expansion of its Open Banking platform across Italy and Germany

Nuapay, powered by Sentenial, announces it is extending its open banking payment capabilities to German and Italian banks. This expansion will enable German and Italian partners to offer open banking payment solutions, powering seamless account-2-account payments for their customers.

This rollout connects 308 banks in Italy and 435 banks in Germany to Nuapay’s Open Banking platform, connecting 134 million European accounts and reaching 98% and 70% of payers in each country.

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Financial wellbeing Open Banking FinTech, Ordo, partners with Global IT systems integrator, CGI, to help energy company, PFP, make communities better

Ordo is on a mission to make paying and getting paid easy, helping everyone control their finances, from large enterprises to small businesses and consumers. Using Open Banking technology, Ordo has digitised the process from buying goods or a service, invoicing, payment, reconciliation and confirmation to make it seamless for business and easy for payers.
Ordo has partnered with CGI, independent IT and business consulting services firm delivering an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions.
Together they helped PFP energy, a not-for-profit energy company, or as they like to call it ‘Profit for Purpose’….a partnership with that warm fuzzy feeling.

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What Makes Successful Businesses Thrive in the E-commerce Space, Too?

The recipe for success in the e-commerce business is much the same as any other entrepreneurial endeavor except it comes with many opportunities for growth and leverage that physical businesses don’t have.

Online business may be the future of many markets, and for good reason. From scalability of immediately needed resources to cost-effective innovation and optimization, we have identified five key elements of success for e-commerce business in the modern age:

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How to Secure Your E-commerce Business Against Cybercrime and Cyber Threats?

E-commerce businesses can’t put enough of a premium on online cybersecurity and protection against threats. Not only can malicious actors steal data and commit fraud, but they can also completely undermine a customer’s confidence in your business.

To avoid costly fraud and cyber threats, we’ve found five primary areas of focus that e-commerce businesses need to keep in mind as they move forward in the online market:

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Strong Customer Authentication or SCA: is Europe 3D secure (2.0)-Ready?

As part of a European Union mandate called the Revised Directive on Payment Services, or (PSD2), merchants operating in the EU economic zone must use payment service providers within the European Economic Area that offer what is known as strong customer authentication.

This is also sometimes referred to as the SCA requirement or the PSD2 compliance. In essence, this directive ensures that transactions occurring within the EU’s economic territories make use of multi-factor authentication in order to verify a buyer’s identity.

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Challenges and Opportunities Borne by the European Single Digital Market

The promises of the European Union single market, while not full borne out in the reality of the business world, where the same are actually still far from the dream promised when it comes to the virtual single market. What does this mean?

In other words, the European Union might act as a single market when it comes to monetary issues and beyond, but the EU single digital market is hampered and its growth restricted by a myriad of factors including various compliance regimes and the logistical mastery needed to make it all work.

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Intuit QuickBooks announces agreement with Modulr to power the new QuickBooks Business Account

Intuit QuickBooks, the small business platform, today announces it has entered into an agreement with Payments-as-a-Service FinTech, Modulr. Modulr will power the new QuickBooks Business Account, a new digital payment account[1] designed specifically for small businesses.

By providing payments infrastructure and digital payments expertise, the collaboration will allow QuickBooks to combine an industry leading business account with its suite of bookkeeping, accounting and tax tools, building on its vision to be ‘The One Source of Truth for a Small Business’.

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Worldline achieves Mastercard “Enhanced Contactless” Certification on its new contactless standard

Worldline [Euronext: WLN], the European market leader in payment and transactional services, is proud to announce that the company is the world’s first payments player to achieve Mastercard Enhanced Contactless (Ecos) certification released in the end of January, on its new contactless standard for POS device through Ingenico, a Worldline brand since October 2020. 

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Contis and Bitpanda issue multi-asset debit card

A new Visa debit card from European neobroker Bitpanda launched this week. Combining Contis’ unique “zero-balance” Buffer technology with Bitpanda’s European-wide, multi-service platform has created one of the most powerful multi-asset propositions available – the Bitpanda Card.  

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