With any nascent payments offering, as consumers embrace new, digital means of transacting and volumes surge, regulations and guidelines take shape. Those rules lay out the responsibilities of various stakeholders — the senders, receivers, financial institutions (FIs), FinTechs and intermediaries. They also govern what happens...
Cloud-based software provider Applied Systems has launched a digital payments solution that integrates with its management systems for insurance agencies — Applied Epic and EZLynx — in the North American market. Dubbed Applied Pay, the cloud-based, natively-integrated electronic payments hub enables insurance agents to offer...
Inswitch, a FinTech focused on embedded solutions for banking and payments, is partnering with Mastercard on digital payment solutions and issuing programs, a press release said. Inswitch will start issuing cards as a Mastercard principal member in Mexico. It also has plans to expand to...
Brookfield Asset Management and Network International Holdings could be in the running to buy UAE lender Mashreqbank’s payment unit, Bloomberg wrote. The payment unit handles the processing of transactions for transactions made with credit and debit cards. Mashreq said earlier in the year that it...
Virgin Atlantic will make use of secure payment solution PCI Pal Digital to support its omnichannel strategy, a press release said. PCI Pal provides Software as a Service (SaaS) services to help out with companies’ payment systems. Virgin Atlantic’s global customers adopted a big range...
Digital payments gateway Razorpay is accelerating its push into loyalty and rewards management with the acquisition of the payments-linked loyalty and engagement startup PoshVine for undisclosed terms. “Our mission has always been to build a financial ecosystem for businesses around payments and banking. Loyalty has...
In tracking the digital transformation of the world’s biggest and most influential economies, we find that one thing leads to another, one could say, and that’s how the connected economy propagates itself, making steady (if sometimes slow) progress in the world’s digital evolution. The latest...
The goal of any payment method — check, cash, digital wallet, really any payments choice — is ubiquity. After all, achieving maximum utility only happens when every payer can reach every receiver. Melissa Tuozzolo, head of international payments in Global Transaction Services at Bank of...
Two subsidiaries of French retail banking conglomerate Groupe BPCE are set to join forces in a move to consolidate the group’s FinTech operations. Payplug, an omnichannel payments solution designed for small and medium-sized businesses (SMBs) and Dalenys, an eCommerce-focused payment platform, are being combined and...