Spain’s Correos selects Paysafe to drive e-commerce payments LeapRate

April 06, 2017 BY Valentina Kirilova

Spain’s Correos selects Paysafe to drive e-commerce payments

Paysafe’s NETELLER, Skrill and Rapid Transfer added as payment options on Correos’ e-commerce platform Comandia Spain’s state-owned postal company Correos announced that has chosen payments services company Paysafe Group Plc (LSE:PAYS) as a recommended payment provider for businesses using Comandia, its e-commerce platform. As part of the collaboration between the two companies, Paysafe’s Skrill Quick…

CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first

April 06, 2017 BY Valentina Kirilova

CLS to extend payment netting service to all global currencies

In response to market demand, CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, just announced that will expand its proposed bilateral payment netting service – CLSNet – to support more than 140 currencies (coverage will include all currencies associated with jurisdictions not on an official black/grey or sanctions…

April 05, 2017 BY Valentina Kirilova

AgriClear announces collaboration with Verified Beef Production Plus (VBP+)

New relationship will promote VBP+ Canadian cattle via web-based platform AgriClear, North America's online transaction and payment platform for cattle buyers and sellers, just announced it is entering into a collaborative marketing agreement with Verified Beef Production Plus (VBP+), a national, industry-led program providing verification of Canadian beef production practices at the farm, ranch and…

April 05, 2017 BY Valentina Kirilova

Buckaroo chooses Fiserv's anti-money laundering solution

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced today that Buckaroo, a payment solutions provider based in the Netherlands, has selected AML Risk Manager from Fiserv. AML Risk Manager is an anti-money laundering (AML) solution providing advanced customer risk profiling, risk scoring, transaction monitoring and know your customer (KYC) capabilities.…

April 04, 2017 BY Valentina Kirilova

Cash still dominates POS payments in Europe

Supporters of digital payment schemes like to push the idea that a cash-free future is just around the corner, but fully three quarters of all Euro zone payments at the point-of-sale are still made in cash, according to the European Central Bank. The data comes from a survey conducted by the ECB to mark the…

April 03, 2017 BY Valentina Kirilova

FCA proposes new rules for credit card firms

The Financial Conduct Authority (FCA) proposed new rules to help customers who are in persistent credit card debt. This follows the FCA’s study of the UK credit card market, which found significant concerns about the scale, extent and nature of problem credit card debt. Under the FCA’s definition, credit card customers are in persistent debt…

March 31, 2017 BY Valentina Kirilova

Citibank refunds $5 million in credit card international transaction fees

Citigroup Pty Limited has refunded approximately $5 million to around 230,000 customers, for failing to properly disclose that credit card international transaction fees apply to Australian dollar transactions where the merchant uses an entity based overseas to process its transactions. In early 2016, Citibank began charging international transaction fees for Australian dollar transactions made with…

March 29, 2017 BY Valentina Kirilova

SafeCharge: 76% of merchants with at least one complete payments outage for the last year

A new study commissioned by SafeCharge (LON:SCH) has revealed that payment outages and downtime are causing frequent disruption to merchants’ bottom line and growth abilities. The research ‘Payments, Interrupted’, conducted by WBR Digital, surveyed 200+ CFO, VP Finance, Payment Managers and Payments Controllers at large multinational retailers across Europe. The research assesses the current performance…

March 27, 2017 BY Valentina Kirilova

Mizuho and Marubeni unite for Asean fintech partnership

Mizuho Financial Group, Inc., Mizuho Bank, Ltd., and Marubeni Corporation announced that have agreed to start exploring for opportunities to provide new financial services utilizing FinTech in the ASEAN region. As various new FinTech based financial services are recently being offered, the companies will explore opportunities to provide community-based financial businesses in the ASEAN region…

March 21, 2017 BY LeapRate Staff

SafeCharge Revenues and EBITDA decline in second half of 2016

Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) announced its full year 2016 results. And, despite using phrases such as 'strong financial performance' and 'strong trading and operational momentum', the numbers indicate that SafeCharge saw a slight decline in both revenues and profitability in the second half of the year. Nevertheless, SafeCharge's 2017…

Category: Payments