Category: Payments

June 26, 2017 BY Valentina Kirilova

INTL FCStone adds ACH connectivity for high-volume low-value cross border payments

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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mobile payments solactive
June 26, 2017 BY Valentina Kirilova

TransferMoney Latvia selects Accuity to streamline compliance and boost payment processing

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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paysafe skrill neteller buyout
June 26, 2017 BY Valentina Kirilova

Paysafe launches cross-border payments strategies to drive business growth

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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June 22, 2017 BY admin

ECB developing retail service for instant settlement of euro payments

The new service, TARGET instant payment settlement (TIPS), will enable citizens and firms to transfer money between each other in real time and will be available around the clock, 365 days a year. The Governing Council of the European Central Bank (ECB) has decided to develop a new service for the settlement of instant payments.…

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SafeCharge launches Identity Manager
June 22, 2017 BY Valentina Kirilova

SafeCharge reveals research urging fintech innovation for marketplace payments

New research from Edgar, Dunn & Company, commissioned by SafeCharge (LON:SCH) the payments services partner, has revealed the challenges inhibiting the growth of marketplaces and is calling for fintech innovation to address them. The report ‘Marketplaces Best Practices for a Successful Payments Strategy’ also identifies solutions to address the specific needs of the marketplace business…

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June 19, 2017 BY Valentina Kirilova

Sweden online payments provider Klarna gets bank license

Swedish payments firm Klarna just announced that had received a banking license from Sweden's financial watchdog Financial Supervisory Authority (Finansinspektionen). While the company would not comment on immediate plans, the banking license that is valid across the European Union gives it "very interesting opportunities" including the possibility to issue credit cards and other retail banking…

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June 14, 2017 BY admin

Form3 partners with Icon Solutions to provide SEPA Instant Payments

The EPC SEPA Instant Credit Transfer (SCT Inst) scheme enables the transfer of up to 15000 euros in less than ten seconds. Form3, the cloud based end-to-end secure provider for global payments processing, today announced a partnership with Icon Solutions, a payment and specialist technology provider. The deal extends Form3 Payments-as-a-Service platform beyond the UK real-time payments to include…

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June 12, 2017 BY Valentina Kirilova

More banks to join Zelle through Fiserv partnership with Early Warning

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced today that multiple banks and credit unions will join the Zelle Network℠ through Turnkey Service for Zelle℠ from Fiserv, allowing consumers to make fast person-to-person (P2P) payments directly from their online banking sites and mobile banking apps. This is the second Zelle…

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