Nium has introduced a state-of-the-art solution called Nium Verify, designed to address global payment challenges effectively by offering real-time bank account verification in 50 markets worldwide. This new solution is set to expedite and secure payment processing for both businesses and individuals, significantly minimizing errors, operational inefficiencies, and compliance risks. As the economic impact of failed payments in 2020 was
PSP Services Inc. (PSP) has announced a significant milestone in its growth strategy by agreeing to acquire NCR Atleos’ debit card production and transaction processing business in Canada, a move expected to greatly enhance its service offerings and market position. This acquisition is poised to integrate seamlessly with PSP’s award-winning HLX™ unified commerce platform, which aims to deliver cutting-edge payment
Thredd has recently launched a complimentary guide titled "Launching in America: A Guide to Issuing via BIN Sponsorship" to assist FinTechs and program managers in navigating the complexities of the U.S. payments market. The intricate regulatory framework and the diverse business landscape make it challenging for foreign entities to establish a foothold. The guide offers comprehensive insights into the American
In a significant stride towards revolutionary change in the digital payments landscape, Geidea and tpay have formed a strategic partnership targeting Saudi Arabia, Egypt, and the UAE. This collaboration aims to transform the payment experience for both merchants and consumers by offering an integrated suite of payment methods—such as Direct Carrier Billing (DCB), card payments, and e-wallets—on a single, unified
Orange Middle East and Africa (OMEA) and Mastercard have formed a strategic alliance aimed at expanding access to mobile financial services across Sub-Saharan Africa, a region where a significant portion of the population remains unbanked. The collaboration aims to enable millions of Orange Money wallet holders to utilize digital payments through Mastercard’s globally recognized merchant network by 2025, thereby opening
The strategic partnership between Paydock, an eCommerce payment orchestration platform, and Aevi, a specialist in in-store payment orchestration, is set to redefine how businesses manage their payment systems. By merging Paydock’s robust digital payment infrastructure with Aevi’s in-store payment expertise, the collaboration aims to deliver a unified omnichannel payment orchestration solution. This joint effort targets financial institutions, merchants, and Independent
In a move to enhance financial inclusion and foster economic growth in emerging markets, Visa and the United States Agency for International Development (USAID) have announced a strategic partnership aimed at improving access to digital government systems. The collaboration is designed to create secure and inclusive digital platforms that will allow citizens and businesses more convenient access to essential government
Finzly, a leading provider of payment solutions for financial institutions, announced the launch of its instant payment service on AWS Marketplace. This development is part of Finzly’s ongoing efforts to facilitate the adoption of real-time payments by leveraging Amazon Web Services (AWS), thereby addressing the increasing demand for modernized payment infrastructures. Approximately 75% of financial institutions find legacy systems a
Worldpay and Capital One have initiated a significant collaboration aimed at optimizing payment fraud decision making and enhancing payment security through data sharing. The partnership integrates data from Capital One’s cards directly into Worldpay’s FraudSight system. This integration is expected to reduce false positive declines by 40% and improve the detection of actual fraud. With an increasing volume of e-commerce
In a landmark announcement at Money20/20 USA, Yuno has unveiled Payout, an innovative solution aimed at revolutionizing the way merchants manage global payment processes. This latest offering from the world’s leading payment orchestrator promises to simplify and streamline both pay-ins and pay-outs through a single, user-friendly platform. Simplifying Global Payment Processes One Platform for All Payment Needs Payout integrates a
In the ever-evolving financial services landscape, PayToMe.co has emerged as a promising FinTech platform dedicated to simplifying global payments and cross-border transactions for small and medium-sized businesses (SMBs). The company recently celebrated a significant milestone by successfully completing its seed funding round, led by Startupbootcamp and ACH Australia Investments Pty Ltd. The infusion of capital aims to position PayToMe.co as
In a significant leap forward for Tanzania’s digital economy, NMB Bank Plc has teamed up with Mastercard to introduce the nation’s first QR Pay by Link (QR PBL) payment solution. This groundbreaking technology allows businesses to accept payments through QR codes or secure links, streamlining transactions and making them more accessible. Particularly for small and medium-sized enterprises (SMEs), this innovation
