Tagged: payment service providers

UK FCA Says Firms Should Strengthen Anti-Fraud Systems, Must Treat Victims of Fraud Better

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The UK’s Financial Conduct Authority (FCA) says it is working with payment service providers to do more “to protect consumers from fraud, including authorized push payment (APP) fraud.” While FCA‘s review of firms’ fraud controls and complaint handling found examples of good practice, they were… Read More

Payments Fintech Mollie Transitions from EU to UK Payment Institution License

Mollie, one of the fastest growing payment service providers in Europe, announced it has been granted a Payment Institution license in the UK by the Financial Conduct Authority (FCA). Mollie originally launched in the UK in early 2021, “serving merchants both domestically and those expanding… Read More

KPMG, Volante Technologies Deliver ISO 20022 Maturity Model to Drive Guidance in Data-Driven Economy

Volante Technologies, which claims to be the global leader in cloud payments modernization, has deepened its existing partnership with KPMG LLP by “developing a new ISO 20022 maturity model to help payment service providers determine ISO adoption readiness.” Within the next four years, it is… Read More

Digital Payments: ACI Worldwide, Red Hat to Expand Payment Cloud Offering

ACI Worldwide (NASDAQ: ACIW), which claims to be a global leader in mission-critical, real-time payments software, announced a collaboration with Red Hat OpenShift, the industry’s leading enterprise Kubernetes platform, to enable financial institutions and payment providers to utilize ACI solutions on the platform. The collaboration… Read More

Payment Service Providers Aren’t Going Far Enough to Support Shift to E-Commerce: Report

A new insight report – The perfect payment partner? What merchants are looking for from their PSPs – from Banking Circle, the next generation technology-led Payments Bank, suggests that the services currently “offered by Payment Service Providers aren’t going far enough to support the shift… Read More

Ireland’s ESW Extends Partnership with Computop in the US, UK, Canada, Australia

Computop, a global payment service provider, and ESW, the direct-to-consumer (DTC) ecommerce company, announced that the companies have “extended their strategic partnership in several key global markets.” Building on its nine-year relationship with Computop in the UK, ESW will now also “use its Paygate payment… Read More

Fireblocks Introduces Digital Asset Payments Engine

Fireblocks, a platform to create innovative products on the blockchain and manage day-to-day crypto operations, announced the public launch of its Payments Engine, a new suite of tools that will “enable payment service providers (PSPs) with the ability to provide a blockchain agnostic, end-to-end solution… Read More

Ripple to Expand from Cross-Border Payments to Tokenized Services, Bringing Crypto Capabilities to Enterprises, Company Exec Reveals

Asheesh Birla, GM – RippleNet at American Fintech Ripple, which is currently involved in a lawsuit from the US Securities and Exchange Commission (SEC), recently published a blog post, titled, “Evolving RippleNet for a Tokenized Future.” Birla writes that cryptocurrency and blockchain or DLT are… Read More

European Banking Authority Releases Report on Data Provided by PSPs on SCA Compliance Readiness

The European Banking Authority (EBA), a regulatory body of the European Union that’s headquartered in Paris, released a report, earlier this week, on the data offered by payment service providers (PSPs) on their readiness to apply strong customer authentication (SCA) for the set of payment… Read More

China’s Fintech Crackdown Continues as Authorities Call ByteDance, Tencent, Baidu, JD.com, Others into Meetings

Authorities in China have reportedly told 13 of the nation’s largest tech firms to “rectify prominent problems” on their platforms, according to a recent report. These developments appear to be a sign that China continues to increase its regulatory scrutiny and pressure of its Fintech… Read More

Spreedly Unveils Partnership Program For Payment Service Providers

Spreedly, a provider of a secure, agnostic, and flexible platform that welcomes all payments participants, announced on Tuesday the launch of its new partnership program built for gateways and other Payment Service Providers (PSPs).  According to Spreedly, the Partnership Program was created to further support… Read More

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