Over half (57%) of international businesses surveyed by Basware and MasterCard admit to having actively delayed paying their suppliers in the past 12 months. The findings underscore a late payment culture, which three out of four businesses now consider normal practice, that is hampering in particular small and medium-sized enterprises (SMEs). In order to break
Cardtronics,announced that its U.K.-based business is entering into a seven-year, exclusive agreement to operate approximately 1,800 ATMs located in Co-operative Food stores across the U.K. Cardtronics will take on the operation of the ATMs no later than January 2016, upon expiration of the existing ATM contract. In addition, beginning immediately, Cardtronics will have the right
Ingenico Group, global leader in seamless payment, announced that Banco del Bajío, one of Mexico’s largest banks, will deploy Ingenico’s innovative smart terminals as part of the bank’s nationwide update and expansion of its installed base. As part of that expansion BanBajío has deployed Ingenico countertop and wireless smart terminals across Mexico to offer customers
More comprehensive analytics for credit analysis, data protection solutions and quantum computing software are among the new innovations from eight financial technology entrepreneurs selected to participate in the 2014 FinTech Innovation Lab Asia-Pacific. The Lab, which was launched by Accenture in June 2014, is a collaboration in Hong Kong between Accenture and leading financial institutions,
Integrating digital payments into the economies of emerging and developing nations addresses crucial issues of broad economic growth and individual financial empowerment, according to a new report by the World Bank Development Research Group. The report examines, for the first time, growing evidence from around the world about how digital payments offer immediate benefits for
British-based online merchants could be missing out on potential revenue from euro customers if they do not migrate to the Single Euro Payments Area ahead of the UK deadline. With research commissioned by international electronic payment specialists PPRO Group citing that 53 per cent of UK consumers choose not to complete an online purchase due
IBM and Monitise recently announced a global digital commerce and resourcing alliance. Combining the best of both companies’ mobile banking, payments and commerce technology, this alliance brings IBM sales and specialist resources to clients around the world with the full spectrum of advice, solution design and delivery of Monitise’s Mobile Money services. Building on Monitise’s
Sequent Software, the world’s leading provider of digital issuance and open wallet platform-as-a-service, announced that it has been awarded a key patent for simplifying mobile payments and enabling fast and seamless transactions at merchants through the “One Tap” mobile payments functionality. With one tap functionality, mobile wallets can transmit multiple cards–such as payment, loyalty, coupons
Datacard Group recently announced that they exhibited at the Technology Providers Exhibition Cum Meet event in India, which was organized by the Department of Financial Services at the Ministry of Finance, Government of India. This exclusive event brought various technology providers together to identify key technologies for the financial services market. The Department of Financial
Korea’s leading bitcoin exchange, wallet and merchant processor, has closed a $3 million Series A funding round led by SoftBank Ventures Korea. Pantera Capital led the round from the US side, with participation from BAM Ventures and previous investors Bitcoin Opportunity Corp., Tim Draper, Pietro Dova and initial investor Strong Ventures. Regarding the investor group,
