U.K.-based electronic payments company ePayments Systems is shutting up shop for good. In a post on the company website announcing the news, ePayment Systems said that it “has begun the process of closing its doors and entered into an orderly, solvent wind-down.” The FinTech business...
Global FinTech business payments company Adyen is the first company to deliver the Real Time Visa Account Updater (VAU) to Europe, which enables companies to boost authorization rates from card-on-file payments by automatically updating Visa accounts. Real-Time VAU aims to help prevent involuntary churn and since Adyen...
Former Microsoft Corporate Treasurer and Chief Investment Officer Tahreem Kampton has reportedly joined JPMorgan Payments as a senior payments executive. In this role, Kampton has been tasked with focusing on the future of payments, CoinDesk reported Friday (Sept. 9), citing a statement sent by JPMorgan....
Nigerian consumers can reportedly now use their smartphone or wearable device to make in-store payments using a new Tap-to-Pay service launched by ProvidusBank, Mastercard, Interswitch and Thales Group. To make these transactions, consumers can tap near-field communication (NFC)-enabled smart devices at contactless-enabled payment terminals. They...
Mexican commerce and digital payments platform Clip has obtained a $50 million credit facility from Morgan Stanley, J.P. Morgan and HSBC that it will use to continue adding payments solutions for the country’s businesses as well as improving financial access for both business and consumers....
National-level real-time interbank payment networks are increasingly recognized as one of the pillars of the modern economy, but the need to coordinate between banks, governments and industry means that rolling out such schemes is far from straightforward. For this reason, while pioneers such as South...
The Indian government will support free electronic transactions under Bharat Bill Pay Systems (BBPS), and could end up cracking down on companies charging fees, Economic Times of India reported. An unnamed official told Economic Times that the government will keep the unified payments interface as...
This month, PYMNTS examines the difficulties small- to medium-sized businesses (SMBs) face when making B2B cross-border payments, the solutions businesses are leveraging to address these pain points and how these innovations increase the range of products, services and payment methods available to businesses. Difficulties of...
Software-as-a-service (SaaS) platform Wix.com is collaborating with global payments company Choice to bring Automated Clearing House (ACH) electronic funds transfer payments to Wix’s U.S.-based merchants. This account-to-account payment option will enable retailers using Wix to access Choice’s ACH payments infrastructure and its omnichannel software solution,...