Herman Gref, CEO, Chairman of the Executive Board, Sberbank commented: Everyday tasks and interests of each customer are the top priorities all our actions revolve around. Therefore, any of our services should be simple, so that you don’t have to figure out how things work checking complicated manuals. They should also be convenient, give you…
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Paysafecard, Paysafe’s prepaid cash solution, has been available to Bulgarians since 2013 and the company will use its existing paysafecard distribution partnership with EasyPay, who licensed network of more than 300 payment points. Udo Müller, CEO of paysafecard – the team behind Paysafecash, said: Leveraging our long-standing partnerships with EasyPay in Bulgaria enables us to…
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American Express’ joint venture with Chinese fintech services company Lianlian DigiTech Co., Ltd, has already set up a network to clear domestic transactions charged on American Express cards. It is also compatible with the essential mobile wallet players in China. Stephen J. Squeri, CEO of American Express said: We are pleased to be the first…
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The New Zealand numbers for April are even worse with 52% decline in payments, affecting every Australian company doing business in New Zealand. Reviewing Australian fintech institution Tyro’s weekly statement to the ASX, the volumes have been steady since early April. However, many market participants report that eCommerce payments have surged to unprecedented levels which…
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Alternative online payment methods have been gaining popularity amidst the Covid-19 situation. According to a Paysafe April 2020 research, after credit and debit cards, digital wallets like Skrill are US consumers’ preferred online payment method, with 36% having used one in the last month. Skrill will continue to expand its US digital wallet if there…
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Philip Fayer, Nuvei’s chairman and CEO commented: Our team is pleased to not only provide the technology to keep commerce flowing, but the professional insight and partnership required to help merchants reinvigorate their business operations using a completely new payment method, some for the very first time. The more we make it effortless for a…
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iSignthis added in its letter criticism of ASX and its quiry seeking sensitive details about its partnership with Visa. iSignthis stated: The company has advised ASX that it is inappropriate for it to be requesting and releasing information regarding current negotiations and submissions, as it may compromise our ability to reach outcomes of best effect…
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Daniel Kaufman, deputy director of the FTC’s Bureau of Consumer Protection commented: First Data is paying $40 million because it repeatedly looked the other way while its payment processing services were being used to commit fraud. When companies fail to screen out fraudsters exploiting the payment processing system to steal people’s money, they’re breaking the…
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Shanahan commented: Revolut has grown rapidly in Singapore and we continue to enjoy very positive momentum despite the short term social and economic restrictions. The Challenger bank has also assigned the roles of Chief Risk Officer and Head of legal in Singapore to the company’s Chief Compliance Officer since September 2019, Rayson Tan. He has…
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Gilberto Caldart, President for International, Mastercard said: Mark brings with him a wealth of knowledge and experience, he has a proven track record in building new and meaningful partnerships, while creating a culture which fosters new thinking and new ways to deliver. Mark has maintained a laser focus on growing our business and driving and…
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