COVID-19 has a far-reaching effect on the global economy. It’s a fact. Companies are struggling to understand the full impact on businesses and how best to react to the new reality. ECommerce is one of the few areas currently showing signs of growth despite the overall economic breakdown.
In light of recent developments, we now have more questions than ever about the impact Brexit will have on businesses in terms of future development, certainty, and stability.
It may become harder to do business with long-standing partners, both for UK and EU businesses, with new barriers to trade and finance looking set to come into place.
60 per cent growth in the number of Barclaycard customers who have gradually returned to trading and taking payments last week, compared to the first
LONDON, England – 7th July 2020: OpenPayd, the API-led Banking-as-a-Service provider, today unveils its banking and payments solution for digital currency businesses. The proposition provides
Compass Plus has announced that it has teamed up with AWS to utilise the latest advancements of cloud-based deployment. The vendor of payments software and
The novel coronavirus outbreak that originated in Wuhan, China, in November of last year has since ignited a global pandemic that could permanently change the way business is conducted.
Not only that but, as with every economic crisis, there will be definitive winners from the aftermath of the economic fallout and these companies will help shape the future of e-Commerce in the USA/EU.
I’m pleased to announce the launch of Fi911 – a new brand from leading dispute technology specialist, Chargebacks911, built in collaboration with some of the world’s largest financial institutions (FIs) and payments processors to remove legacy redundancies.
Differing from its merchant platform, Fi911 specifically supports FIs with automated chargeback management and related activities. So, FIs will benefit from:
• Faster chargeback dispute resolutions
• AI-driven merchant onboarding, post-transaction monitoring, lifecycle management and reconciliation services
• Customizable tools catered to customers’ needs which can be reconfigured in real-time
• The ability to manage and engage their entire ecosystem
• Cost savings
• Increased insight
• Resolved chargeback pain-points
By enabling acquirers with more intelligent tools, more data connections, and more flexibility, Fi911 hopes for stronger decision-making and more proactive action to be taken to stop the growth of chargebacks.
Trust Payments Ltd, the global unified payments group for global pay-in, pay-out and customer journey technologies has today announced double digit growth in its 2019 statutory accounts.
While many analysts could never have anticipated the impact of the novel coronavirus pandemic on the world economy, there is a general consensus about what firms can do now and moving forward to build resilience against future “black swan” events such as the one currently roiling world markets.
When it comes to the future of banking and finance, forward-thinking firms are exploring the benefits of digital innovations, such as virtual IBANs and digital banking services.
Contis hires Businesswoman of the Year, Lara Oyesanya, as General Counsel & Chief Risk Officer.
Cybertonica, a leading risk and fraud management platform using advanced data science techniques to meet the challenges in payments and fintech of risk, AML, compliance and fraud detection, today announced a partnership with Extra Loyalty, the award-winning Turkish loyalty and wallet platform specialised in end-to-end customised loyalty programmes and mobile technologies.
Judopay, a leading mobile-first payments provider, today announced that it has partnered with Thyngs, the physical-digital marketing specialist, to offer touch-free cashless payment solutions to businesses across the hospitality sector that are reopening from 4th July. At the same time, the partnership will offer charities another way of accepting cash-free donations, both during and after the pandemic.
The future is coming at us a lot more quickly than anyone anticipated. In light of the novel coronavirus and the pandemic it caused, keeping up with the technological advancement seems to be a top priority in most industries.
While many market analysts fingered digital banking as the wave of the future, nearly everyone is shocked at how fast these trends have accelerated in the past couple of months.
As of 1st July 2020, the Aston Lark Financial Institutions team will join the Protean Risk brand, making the combined team one of the largest dedicated brokers servicing UK and European financial services firms.
Protean Risk was acquired by Aston Lark and joined the wider group in November 2019. Protean Risk was the first acquisition that was completed for Aston Lark following Goldman Sachs’ investment in the company in September 2019.
The decision to combine the two teams under the Protean brand was due to its position as a market-leading specialist in the sector and to strengthen its offering to clients. Since its founding in 2008, Protean Risk has offered a breadth of knowledge and experience to its clients, as well as a high level of personal service. Since 2016, Protean Risk has held the coveted status of Lloyd’s of London Broker, which has entitled them to transact business in, and directly access the Lloyd’s of London market.
Globalisation is an opportunity for businesses of all sizes around the world, but traditional banking continues to favour large corporations, at the expense of SMEs.
Mike Laven says of the partnership with Ripple, “Ripple’s solution will help us to extend our network to new parts of the world, removing more barriers to payments for our clients.”
Contis launches ‘Carer Banking’ – a new product allowing banks and fintechs to support their vulnerable customers continuing to shield due to Covid-19.
Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met.
CoinPayments, the world’s leading cryptocurrency payments processor, today announced its newly formed partnership with the Emerging Payments Association (EPA), a global organization focused on connecting the payments ecosystem and encouraging innovation across the industry.
EPA publishes new guidance on digital identification and authentication to help tackle financial crime New report focuses on how the payments industry can keep safe
EPA publishes collaborative report to debate payments regulation ahead of PSD3 London, United Kingdom – 12th March 2020 – The Emerging Payments Association (EPA), which
EPA announces new report on the future global potential of Open Banking New report aims to be a ‘rallying cry’ to the payments industry London,
Banking Circle study of online SME merchants reveals banking gaps that Payments businesses can fill www.bankingcircle.com London, 27th May 2020 – Europe-wide research commissioned by
Prasos Oy., a Finland-based firm offering cryptocurrency brokerage and exchange services in the EU, has selected Lerex Technology as a key partner for payment solutions.
Welwyn Garden City, 22 May 2020: PayPoint has today announced that more than 250,000 vouchers for disadvantaged people – collectively worth over £8.5 million –
Leading payment experts partner with Form3 to offer UK and European customers real-time payment London, January – PPS, formerly PrePay Solutions, and subsidiary of Edenred, the
Pilot programme launched for SWIFT gpi API with clients including Penta Currencycloud today announced a pilot programme to provide SWIFT gpi tracking capabilities to their
London, United Kingdom – 12th March 2020 – The Emerging Payments Association (EPA), which celebrates collaboration and innovation within new and existing finance companies, has
The Emerging Payments Association (EPA), the leading London-based professional association of payment players, which brings together more than 150 operators from all areas of the
London, United Kingdom – 14th January 2020 – The Emerging Payments Association (EPA), which celebrates collaboration and innovation within new and existing finance companies, has
Three experienced additions join powerful force for change in the rapidly expanding emerging payments industry London, United Kingdom – 04th December 2019 – The Emerging
London, UK. 13th November 2019: New research from Emerging Payments Association reveals that ‘realtime’ payments are growing rapidly in the UK, signifying potential for business
Offering digital payments is the key for retailers wanting to attract younger shoppers, with 74% of Generation Z putting off by cash-only stores, according to PXP
London, UK. 29 August 2019: The Emerging Payments Association (EPA) has today published original research on the social and structural barriers that hinder progress in
The EPA welcomes the publication of the government’s Economic Crime Plan 2019-2022 and was pleased to have attended a meeting with the Treasury before the
UK’s payments association calls for wider payment account access London, United Kingdom – The Emerging Payments Association (EPA) has today published its response to the
The Bank of England has taken onboard several recommendations from the Emerging Payments Association as part of BoE’s Future of Finance project, led by Senior
Former Lloyds Banking Group director takes up senior management role at the industry cooperative London, 13 November 2018 – Cate Kemp will join SWIFT as
eComCharge, the developer of the white label payment gateway, has announced a release of a new payment widget for the payment service providers, with 3-D
London, 14th November 2018 – Underlining the industry take-up it has achieved, ground-breaking financial utility, Banking Circle, has been nominated for three Card & Payments
New award-nominated interface technology from Cashplus allows thousands of simultaneous, automated payments, dramatically reducing transaction costs UK fintech disrupter Cashplus is empowering SME customers with
Growth in high street spending expected to rise from 2.6% to 3.8% YoY Average spend on gifts will be £336.34* per person Brits are a