Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has announced that it recently completed a £4.05 million (USD $5.2 million) share buyback. On July 10, it purchased for treasury 1,500,000 ordinary shares at a price of 270 pence per share. SafeCharge has not announced a formal share buyback program, so it remains to…
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Chinese internet giant Tencent launched its WeChat Pay payments service in Europe on Monday, challenging rival Alipay, which is owned by rival Alibaba's affiliate Ant Financial. Tencent has partnered with German payments firm Wirecard to allow European retailers to accept WeChat pay as a payment option. As CNBC reports, the move is specifically aimed at…
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Visa (NYSE:V) and Klarna just announced they have reached an agreement for Visa to invest in Klarna, and intend to develop a future strategic partnership. Klarna is an online payments companies, serving 60 million consumers and 70,000 retailers. The equity investment and planned partnership demonstrate Visa and Klarna’s shared vision to accelerate online and mobile…
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Accuity is back in the news today as Earthport, the payment provider transforming the future of cross-border payments, has chosen the regtech provider of financial crime compliance, payments and know-your-customer (KYC) solutions, to power its payments platform, giving its clients a faster and more secure international payment service. Accuity has built a tailored solution for…
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SafeCharge (LON: SCH) announced that has launched Marketplace Manager. The single API based solution relieves all payment pain points for marketplaces while enabling them to remain in full control of operations and user experience, for both buyers and sellers. It is the first solution to cover all the payment functions a marketplace needs, from a…
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Global cross-border payments platform Currencycloud and South Korea’s Hyundai Card announced today an exclusive partnership to enable the launch of Korea’s first mobile remittance service provided by a credit company. The service, established by the UK-headquartered FinTech company and Hyundai Motor Group’s credit issuing arm in conjunction with Korea’s long-standing Shinhan Bank, allows users to…
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INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd’s Global Payments Division (GPD) has introduced Automated Clearing House (ACH) connectivity, significantly enhancing the Company’s solutions for high-volume, low-value cross-border payments. Low-value payments are the single largest driver of growth in GPD’s payments volumes, which are currently ~60% higher than at…
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TransferMoney Latvia, a cloud payment institutions, announced that has selected Accuity to streamline its account and payments screening processes. The move is to help better identify financial crime risk, highlight potential sanctions breaches and flag potentially high-risk customers. In addition to regulatory compliance, Accuity will also help TransferMoney boost its payment processing. By using Accuity’s…
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Payments technology provider PayKey has announced that the company has raised $6 million of a planned $10 million Series B financing round. The round was led by Israel-China venture capital fund MizMaa. PayKey's technology and solution allows for in-app payments, without requiring the user to leave the app they're using in order to facilitate the…
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Payments services company Paysafe Group Plc (LON:PAYS) has today released a whitepaper, titled Five Proven Strategies to Achieve Cross-Border E-commerce Growth, which reveals how companies can use cross-border payments to gain competitive advantage in the booming international e-commerce market. International sales are becoming a growing part of every organisation’s revenue, particularly for e-commerce businesses. This…
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