Sync, a UK-based technology hub, announced last week it has formed a new partnership with global fintech Klarnato provide customers with interest-free payment solutions on Apple repairs and products, supporting their continued growth within the industry. Sync reported that the new partnership follows a significant investment of more than £500,000 into the retail offering from GBM Digital Technologies.
According to Sync, the new offering will provide customers with simple payment options on in-store repairs, a first for Apple Authorised Service Providers. The service can also be used when purchasing Apple products online, via the Sync e-commerce website, on baskets under £1,000. While sharing more details about the partnership, Chris Costello, Director of GBM, stated:
“By partnering with a leading fintech company such as Klarna, we are able to help more people than ever before access the latest and most sophisticated technology on the market, further supporting our aim to increase productivity and spark creativity through innovative tech.”
Founded in 2005, Klarna notably aims to make paying as simple, safe and smooth as possible for the customer. Working with a range of impressive brands including Topshop, Michael Kors, ASOS and Jessops, Klarna now provides payment solutions for over 60 million consumers across 14 countries.
Civic Technologies, the premier blockchain-powered identity and payment solution provider, announced on Tuesday it has collaborated with BitGo to launch the Civic Wallet, the first consumer digital wallet built on top of BitGo’s multisig technology, which will be released in the fourth quarter.
According to Civic, the Civic Wallet enables consumers to have more control and security over both their crypto and their personal information. Private keys are safely stored on the user’s mobile device, and redundant backup systems ensure that the digital wallet may easily be restored if a person’s mobile device is lost or stolen. Civic Wallet will use Bitgo’s technology to enable users to store, send and receive crypto, as well as to enable account and funds recovery. Vinny Lingham, Co-Founder and CEO of Civic, stated:
“We’re building a new financial and identity ecosystem. This is the wallet of the future. With Civic Wallet, it will be easy and safe to transfer, hold, or use crypto, so that people who are not technologically savvy can use it too. The world needs tools that lower the barrier to entry for blockchain technology.”
Mike Belshe, Co-Founder and Chief Executive Officer of Bitgo, went on to add:
“With the Civic Wallet, individual users are getting more privacy and security in managing their cryptocurrency than ever before. It used to be that if you lost your mobile device, containing your digital wallet’s private key, you lost all of your crypto. This is not the case with Civic’s new wallet. This is a big step forward for individual users.”
Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it is now offering online flexible payment solution support for German supermarket chain, getnow. It was revealed:
“Thanks to Wirecard, getnow is able to offer its customers a flexible variety of digital payment options, with Wirecard processing all payments. Once customers order groceries via getnow’s comprehensive online platform, getnow employees then purchase the goods from the largest German wholesaler METRO and carry out same-day deliveries.”
While sharing more details about the collaboration, Christian Reindl, Executive Vice President Retail & Consumer Goods at Wirecard, stated:
“Buying groceries online is efficient and is a wise choice especially for recurring purchases. We are therefore pleased to continue to support the industry globally by digitizing payment processes. In the meantime, almost all consumer goods sectors have been fully digitalized, and we are seeing a clear trend towards Unified Commerce across all sales channels. In this sector, online grocery shopping plays a decisive role.”
Sebastian Wiese, CTO at getnow, added:
“With our platform, we offer a new shopping experience that attracts an increasing number of customers. Ultimately, online grocery shopping is much easier and less tedious than in a traditional supermarket: from the selection of products to the checkout. We know the major role payment plays when it comes to online shopping, and with Wirecard we have found a partner who understands our vision and helps us offer a fully digital and uncomplicated shopping experience.”
UTRUST, a cryptocurrency payment solution designed to modernize the finance and payments industry, announced on Tuesday that customers in 184 countries worldwide will now be able to access its solution thanks to its partnership with open, trusted and transparent digital money platform, Uphold.
UTRUST reported it is vowing to completely modernize the finance and payments industry and eliminate the risk of fraud and market volatility for buyers and merchants alike, by providing comprehensive and first-of-its-kind buyer protection and instant crypto-to-fiat conversions.
“UTRUST core technology supported by Uphold’s global presence and connectivity will allow merchants to take advantage of the increased security and convenience of cryptocurrency payments, while protecting them from market volatility. Most importantly, merchants using the UTRUST platform will be able to settle directly to their bank on the same day in 23 different fiat currencies.”
Speaking about the partnership, Nuno Correia, Co-Founder and CEO of UTRUST, stated:
“This is a remarkable day in the journey of UTRUST and we are truly delighted to be partnering with Uphold. At UTRUST, we are on a mission to shake up the finance and payments industry and to help tear down the barriers of traditional payment methods. We see a future without inconvenient credit-card chargebacks and fraudulent payments – currently costing merchants billions every single year. In fact, the cost of credit card fraud in the U.S. alone is expected to exceed $12 billion USD by 2020. By enabling merchants to take advantage of all the benefits of cryptocurrency payments, UTRUST and Uphold’s partnership insulates them from these threats, while providing an exceptional opportunity to grow their customer base among the ever-expanding crypto community.”
Robin O’Connell, Uphold’s CRO, added:
“Merchants want to offer payment choice, and in certain geographies, consumers want to pay in crypto. UTRUST has developed a system that makes it simple for merchants to accept crypto while solving the issues around price volatility and fraud. Uphold makes it easy for UTRUST merchants to instantly convert between multiple fiat and cryptocurrencies, and we’re excited to see UTRUST merchants launch in the coming days.”
AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Monday it has teamed up with GCPay to launch an automation solution for construction firms. The new solution, called AvidXChange Construction Payment Solution, has features that managing an entire project lifecycle. While sharing details about the AvidXChange Construction Payment Exchange, Michael Praeger, CEO and Co-Founder of AvidXchange, stated:
“As technology continues to evolve, the construction industry is experiencing a need to reduce cost, increase efficiency, and elevate performance levels. For this reason, construction firms are required to be incredibly pro-active in the early stages of the construction phase – ensuring that all the steps from contract agreement to anticipating final costs are secure. The solution, Construction Payment Exchange, meets the needs of the stages – acting as a single source of truth for all the construction projects by eliminating speculation and guesswork between parties.”
AvidXchange also noted that the Construction Payment Exchange delivers extensive benefits to construction. The company noted:
“By aligning AvidXchange Pay solutions with GCPay’s management process – the solution helps build the working relationship between all parties including control and visibility for the schedule of values, application for payment, change order, compliance, lien waivers, and payments.”
GCPay COO, Daniel Bruneilli, added:
“Our partnership with payment industry leader AvidXchange affords our clients a best-of-breed method to safely, securely, and quickly pay their contractors electronically throughout the life of a construction project. The technology both companies have developed for the Construction Payment Exchange provides users with unmatched payment flexibility along with automated processes that reduce risk significantly for general contractors. The combination of AvidXchange and GCPay.com resources provide construction entities with a seamless process to automate everything associated with invoices from, and payments to, their contractors, suppliers, and vendors,” Brunelli said.
Sweden banking group Nordea announced on Tuesday it has launched a contactless payment solution through Fitbit and Garmin wearable devices. According to Nordea, this new service is part of an improved Nordea Wallet offering. It gives customers a quick, convenient, easy-to-use and safe way to pay when they are on the go.
Nordea also reported that the service will be available to all customers with a private Nordea Mastercard or Visa debit or credit card in Sweden, Denmark, and Finland. Nordea is the first Nordic bank to launch both Visa and Mastercard payments through Garmin Pay and Fitbit Pay. The new payment solution offers improved navigation, a new overview page, and support for card enrolment for wearable payment services. More features, such as a receipt storage functionality, will be launched soon. While sharing more details about the payment solution, Lars Boström, Head of Cards at Nordea, stated:
“We are delighted to join forces with best-in-class brands such as Mastercard and Visa in cards and Garmin and Fitbit in wearable tech to offer the easiest and fastest payment experiences to our customers through Nordea Wallet. Wearables such as Fitbit and Garmin are simple ways to make card purchases on the go, directly from your wrist. Now customers can head to the gym, go for a jog or just take a walk – without a phone or wallet – and still shop on the way home.”
Marcus Bjärneroth, Nordic marketing Director for Garmin, then commented:
“We are excited and very glad over this possibility together with Nordea. We see that the market is rapidly maturing and more and more people want to use cashless solutions, both for safety and convenience. From the high number of our active sports and fitness customers, we see a desire to make both ordinary day-to-day activities and sports activities such as running, biking and golfing, for example, smoother and safer – avoiding the hassle of using cash or cellphones.”
Nordea added that the solution’s announcement is part of its ambition to deliver the best digital and mobile banking services to its customers and follows the recent launches of Samsung Pay (in Sweden) and Apple Pay.