Category: Payments
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Qatar Central Bank to launch an instant payment service
The Qatar Central Bank has announced that it will be launching an instant payment service, allowing individuals and businesses in Qatar to make immediate payments to one another. This new service will allow for faster and more efficient transactions, making it easier for consumers to send money to friends and family, as well as…
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Numeral launches Swift payments
Numeral, a leading financial technology company, has announced the launch of Swift payments for its customers. Swift, which stands for Society for Worldwide Interbank Financial Telecommunication, is a global messaging network that enables financial institutions to securely send and receive information about transactions. With the integration of Swift payments, Numeral customers will now be able…
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OCC’s Hsu calls for federal payments licensing
The Acting Comptroller of the Currency, Michael Hsu, is urging Congress to create a federal licensing system for nonbank payments providers. In a recent speech, Hsu highlighted the need for a more consistent regulatory framework to oversee the growing number of fintech companies operating in the payments space. Currently, nonbank payments providers are subject to…
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Affirm sheds workers
Affirm Holdings Inc, a fintech company that offers buy-now-pay-later services, has announced that it will be laying off a portion of its workforce in an effort to streamline operations and cut costs. The company, which went public last year, has been facing challenges as competition in the BNPL space heats up and consumer spending habits…
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Mastercard to be dinged by Discover deal
Mastercard, one of the largest payment processing companies in the world, is set to face some stiff competition as Discover announced a new partnership that could potentially impact their market share. The deal, which was finalized last week, will allow Discover cardholders to use their cards at a wider range of retailers and online platforms,…
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Warren probes Zelle scam policy
Warren Probes Zelle Scam Policy Senator Elizabeth Warren has recently initiated an investigation into the scam policy of Zelle, a popular mobile payment app. With the increasing prevalence of online scams and fraud, consumers are rightfully concerned about the security measures in place to protect their hard-earned money. Zelle, owned by a consortium of major…
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Nuvei offers direct local acquiring in Colombia
Nuvei Offers Direct Local Acquiring in Colombia Nuvei, a leading global payment technology provider, has announced the launch of direct local acquiring in Colombia. Businesses operating in Colombia can now benefit from Nuvei’s seamless, secure, and cost-effective payment processing solutions, tailored to the local market. Nuvei’s direct local acquiring solution in Colombia includes: Local payment…
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BR-DGE partners PayPal to boost user payment experience
BR-DGE, a leading e-commerce platform, has announced a partnership with PayPal to enhance user payment experience. This collaboration aims to provide customers with a seamless and convenient way to make payments on the platform. Benefits of the partnership: Secure payments: With PayPal’s robust security measures, customers can rest assured that their transactions are protected against…
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PayPal invests in AI startup Rasa
PayPal has recently announced its investment in the AI startup Rasa, signaling a strategic move to enhance its capabilities in artificial intelligence and improve its customer service offerings. The investment comes as part of PayPal’s ongoing efforts to stay at the forefront of technological advancements and deliver innovative solutions to its users. Rasa is a…
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Capital One-Discover deal may spark antitrust concern
Capital One’s proposed acquisition of Discover Financial Services has raised concerns among antitrust regulators in the banking industry. The deal, which would create one of the largest financial institutions in the United States, has sparked fears of reduced competition and potential harm to consumers. Antitrust laws are in place to prevent unfair business practices and…
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ConnexPay joins UATP network
ConnexPay, a leading payment platform for the travel industry, has announced its partnership with UATP, the airline-owned payment network. This partnership will allow ConnexPay to offer its innovative payment solutions to UATP’s global network of airlines, ensuring a secure and seamless payment process for both airlines and travelers. Benefits of the partnership: Increased payment security:…
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Visa, Checkout.com, and Stake fuel real estate investments in UAE
Visa, Checkout.com, and Stake have joined forces to fuel real estate investments in the United Arab Emirates. With their cutting-edge technology and innovative solutions, these companies are revolutionizing the way people invest in property in the UAE. Visa Visa, a global payments technology company, is making it easier for investors to purchase real estate in…
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Capital One to acquire Discover Financial
In a monumental deal, Capital One has announced its acquisition of Discover Financial, a move that will solidify Capital One’s position as one of the leading financial institutions in the United States. With Capital One’s extensive experience in credit cards, personal loans, and banking services, the acquisition of Discover Financial will bring a new level…
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Amex to expand ATM cash access
American Express has announced plans to expand its ATM cash access options for cardholders. The financial services company aims to provide customers with more convenient and secure ways to access their funds. One of the key changes that Amex is making is the addition of more ATMs to its network. This will give cardholders more…
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Payplug and Mangopay partner to boost payment offering
Payplug, a leading payment solution provider, has announced a partnership with Mangopay, a popular payment service provider. The collaboration aims to boost their payment offering and provide customers with a more seamless and secure payment experience. By joining forces, Payplug and Mangopay will be able to leverage each other’s strengths and expertise in the payment…
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REISS adopts Teamwork Commerce’s mobile POS solution
REISS, a leading fashion retailer, has recently announced their partnership with Teamwork Commerce to implement their innovative mobile POS solution. This cutting-edge technology will revolutionize the way REISS interacts with their customers and handles transactions. Benefits of Teamwork Commerce’s mobile POS solution Increased efficiency in processing transactions Improved customer experience with faster checkouts Real-time inventory…
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Cross-border payments remain focus for Fed
The Federal Reserve continues to prioritize the improvement of cross-border payments as part of its effort to modernize the financial system. Cross-border payments are transactions that involve transfers of funds across national borders, which can often be slow, costly, and inefficient. In recent years, the Fed has been working with other central banks and financial…
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Capital One to acquire Discover in $35.3B deal
It has been announced that Capital One Financial Corporation will acquire Discover Financial Services in a landmark $35.3 billion deal. This merger will create one of the largest financial services companies in the United States. Capital One, known for its credit card and banking services, will gain access to Discover’s network and expertise in payment…
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Adyen, Billie partner to bring BNPL to European businesses
Adyen, a global payment company, and Billie, a leading buy now, pay later (BNPL) provider, have announced a partnership to bring BNPL services to European businesses. Adyen’s payment platform will now integrate with Billie’s BNPL solution, allowing businesses to offer their customers the option to pay for their purchases in instalments. This partnership aims to…
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Billhop partners with Eurocard
Billhop, the leading payment service provider, is excited to announce its new partnership with Eurocard, one of Europe’s largest credit card companies. As part of this partnership, Billhop users will now be able to make payments using their Eurocard credit cards, providing them with even more flexibility and convenience when managing their finances. With Eurocard’s…