Press Releases

Open Banking to improve payment experience – Press Release

New data from Open Banking pioneer Nuapay, powered by Sentenial, has revealed that consumers are frustrated with the user experience when making card payments online. This follows recent findings that highlighted a raft of payment card security failings. The news comes as retailers ready themselves for the busy festive shopping season – an event that is even more important this year as businesses seek to plug pandemic losses.

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allpay and Blocser confirm card contract for fast-growing UK gig economy

We are delighted to share the attached press release confirming the allpay.cards partnership with ambitious Danish fintech Blocser with designs on the fast-growing gig economy. Blocser has pinned their Butterfly Card to one of its biggest market moves yet – the UK offer to the near 5million now estimated as working in the nation’s gig economy.

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Cards on the table for a stake in the future

Please find attached a release from allpay.cards and their work with Prosper2. Prosper is a business club and rewards programme who are currently investing in staff, training and marketing in anticipation of growth in 2021. The cards are unique to the market as they use a design that replicates carbon fibre, achieving a 3-dimensional effect.

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Checkout.com Triples Valuation to $15bn with $450m Series C Fundraise, Accelerating Global Expansion

Checkout.com, the leading Connected Payments solutions provider, announced on 12 January the closure of a $450 million Series C fundraising round, tripling its valuation to $15bn and making it the fourth largest fintech globally and EMEA’s most valuable venture-backed business. Since its creation in 2012, Checkout.com has been driven by a firm belief that the way money flows into and out of businesses is changing. Its latest fundraise reflects its commitment to developing even more products to support progressive businesses as they reinvent industries and redefine the customer experience.

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Bottomline Think Green Award Presented to Allianz and MAPFRE USA

PORTSMOUTH, NH (December 1, 2020) – Bottomline (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, named Allianz Global Corporate & Specialty (AGCS) and MAPFRE USA as the 2020 recipients of the Bottomline Think Greenaward. The award recognizes organizations that use technology to drive environmentally friendly and sustainable business practices using Bottomline automation solutions.

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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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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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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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Five Gold Wins! Global Processing Services (GPS) scoops up at the 2020 Emerging Payments Awards

The Emerging Payments Awards 2020 was a big success for leading issuer processor Global Processing Services (GPS), who took home five awards over the course of the evening.

The global company was recognised for the major launch of its APAC hub in Singapore and its work with fintech start-up Currensea, making it easier for customers to pay abroad. GPS has done a lot to support the fintech scene abroad this year and has also been paving the way for financial inclusion. It latter is why GPS’ group CCO, Neil Harris was also crowned as Industry Contributor of the Year.

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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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Visa Fintech Partner Connect launches in Europe to enable next generation of digital payment experiences

London, 11 November 2020 – Visa today announced the launch of Visa Fintech Partner Connect, a new initiative that will provide financial institutions and merchants in Europe with a suite of enhanced capabilities combining Visa’s own capabilities with those of carefully selected fintech partners.

Fintech Partner Connect will help Visa’s clients meet their customers’ demand for new digital payment experiences by providing seamless access to innovative fintech solutions.

The European rollout of Fintech Partner Connect follows a successful pilot which has already seen a number of Visa’s clients benefit from the expertise on offer.

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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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