Payments Canada announced recently that it implemented amendments to By-laws No. 1 and 3. These amendments now aim to reflect key changes to the Canadian Payments Act (CP Act) as well as the introduction of the Retail Payment Activities Act (RPAA). The stated objective of… Read More
Read more in: Canada, Fintech | Tagged compliance, digital transactions, payments canada, psps
Shape Technologies, the payments-platform-as-a-service provider, and PXP, a technology platform, are pleased to announce their collaboration designed to transform the way that ISOs, ISVs, and Payment Facilitators go to market. The partnership is designed to address the challenges faced by ISOs, ISVs, and Payfacs, delivering… Read More
Read more in: Global, Fintech | Tagged payments, psps, pxp, shape technologies
Market Pay Group announced the signing of an agreement to acquire Altapay, a payment service provider (PSP) headquartered in Copenhagen, Denmark. Altapay, which serves over 400 merchants, has developed “expertise in managing online transactions.” With a portfolio of local and international payment methods, as well… Read More
Read more in: Fintech, Global | Tagged acquisition, altapay, denmark, market pay, psps
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
Read more in: Fintech | Tagged banking circle, digital commerce, e-commerce, europe, livia benisty, payment service providers, payments, payments bank, psps, research, Research Report, Research Study
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
Read more in: Fintech, Global | Tagged Business Expansion, computop, digital commerce, e-commerce, payment service providers, payments, psps
Payment service provider Clik2pay is announcing a collaboration with Inovatec, North America’s leader in lending process automation. This collaboration will “make it possible for Inovatec’s clients to request payment from customers using Clik2pay’s direct-from-account payment platform.” This is done safely and securely “using Interac e-Transfer,… Read More
Read more in: Fintech, Canada | Tagged automation, bob metodiev, clik2pay, david robinson, debt collection, lending, north america, payment service provider, process automation, psps
Checkout.com, the cloud-based payments service provider, announced a partnership with Xiaomi in order “to provide an end-to-end payment solution for its Hong Kong and Macau payments.” The partnership will “enable Xiaomi to greatly simplify the payment process to support its global payment strategy and development… Read More
Read more in: Fintech, Asia, Global | Tagged brian sze, checkout.com, cloud, hong kong, macau, payments, payments service provider, psps, xiaomi
Featurespace, which claims to be the leader in machine learning fraud and financial crime prevention technology, has secured funding from UK and US governments “to build a new type of artificial intelligence (AI) system to help banks and payments service providers (PSPs) detect financial crime… Read More
Read more in: Fintech, Global | Tagged ai, artificial intelligence, banking, crime prevention, data privacy, dr david sutton, featurespace, financial crime, fraud, machine learning, ML, privacy, psps, uk, united kingdom, united states, us
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
Read more in: Fintech, Blockchain & Digital Assets | Tagged checkout.com, Crypto Transactions, digital transactions, distributed ledger technology, dlt, Fireblocks, fis, Michael Shaulov, nabil manji, payment service providers, psps, ran goldi
Open banking payments platform, Token and Payment Service Provider (PSP), Computop Paygate, have joined forces “to answer the growing demand for Open Banking payments in Europe.” Using Token’s Open Banking connectivity and platform, Computop “enables account-to-account (A2A) payments for eCommerce merchants, whitelabel partners and resellers… Read More
Read more in: Fintech, Global | Tagged computop paygate, europe, open banking, payment service provider, payments, psps, todd clyde, token
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
Read more in: Blockchain & Digital Assets, Fintech, Global | Tagged asheesh birla, cross-border payments, Cross-Border Transactions, crypto-assets, digital assets, international payments, odl, On-Demand Liquidity, payment service providers, payments, psps, ripple, ripplenet, sme's, southeast asia, tokenization, working capital, xrp
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
Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged banking, compliance, digital commerce, digital transactions, e-commerce, EU, europe, european banking authority, european union, fraud, payment fraud, payment service providers, Payment Services Directive, payments, psd2, psps, sca, strong customer authentication
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