As the world becomes increasingly digital, financial institutions and enterprises are facing a new challenge: onboarding and connecting to a proliferating number of real-time payments schemes. In the United States, for example, instant payments loom as FedNow is set to launch in a matter of weeks. As Form3 Chief...
Nigeria’s Nomba has raised $30 million to move payments from the “generic” to the specific. “Despite the growth in digital payments across Africa, most businesses still only have access to generic point-of-sale machines to support the collection of payments,” the payments service provider said in...
Global Processing Services (GPS) has rebranded as Thredd. The new name reflects the global payments platform’s role in “weaving together” different elements of the payments ecosystem, Thredd said in a Thursday (April 27) press release. “Our rebranding to Thredd marks a new era for our...
Although there isn’t a simple answer as to whether Visa and Mastercard have too much influence in Europe’s payments, that hasn’t stopped the idea of an American duopoly holding undue power within the European payment ecosystem from taking hold. Certainly within the European Union, the...
PayGlocal, a payment solutions startup, has raised $12 million in a funding round, according to the Economic Times of India. PayGlocal works on the allowance of merchants to take cross-border payments, and lets them use whatever currency and card they choose. The new funding will...
Payments and business technology provider Deluxe is integrating its services with digital banking firm Q2 Holdings, the company announced in a news release Tuesday (Feb. 8). The integration will see Deluxe offer human resources and payroll solution within Q2’s Partner Marketplace Program, “enabling financial institutions...
These days, with the emergence of the cloud, open banking and application programming interfaces (APIs, the moniker “as-a-Service” applies to pretty much any business function that is now able to be outsourced to a third party. That includes Payments-as-a-Service (PaaS) in which providers help enterprises...
If the pandemic has taught banks anything, it’s that corporates need to offer a range of payment methods to their customers — whether those customers are consumers (for B2C transactions) or enterprises (B2B). And in an On The Agenda discussion with Karen Webster, Deepak Gupta,...
The pandemic has shone a light on some glaring inefficiencies in B2B payments. But Deepak Gupta, global head of PaaS at Volante Technologies, told PYMNTS that the cloud – and payments as a service (PaaS) – can help banks serve the payment needs of their corporate...
