New capability leverages SWIFT’s insight on millions of daily transactions to flag upfront when a payment may stall because of incorrect payee details Innovation is latest in SWIFT’s strategy to eliminate friction and drive instant international payments around the world As part of its ambitious strategy for instant and frictionless transactions, SWIFT today announces a
iPiD secures US$3.3m seed funding from Rapyd Ventures, Jungle Ventures ,1982 Ventures, Resolution Ventures, Saison Capital, the XA Network, and investor Wing Vasiksiri More than 20 financial institutions around the world signal their interest to use iPiD’s technology Alain Raes, payments industry veteran and former SWIFT Chief Commercial Officer, joins iPiD management team Fintech start-up
FIS is now offering a central infrastructure payment solution through RealNet™ Central, which enables countries to modernize or build their own real-time payments network. Additionally, FIS is launching a Central Bank Digital Currencies (CBDC) Virtual Lab that will allow countries to experiment, pilot and accelerate live CBDC implementations. With real-time payments increasing, many countries must
2021 saw another record year of self-checkout shipments, with 200,000 units delivered worldwide Vibrant market sees new entrants Shipments of self-checkout units increased by 11% last year, according to Global EPOS and Self- Checkout 2022, a new study by strategic research and consulting firm RBR. Alongside sustained demand for self-checkout in the grocery sector, an
The partnership will allow Kenyans living in the UK and US to send money directly from their banks, through the NALA app, instantly and at the most competitive rates to Equity Bank Kenya accounts and other mobile wallets Equity Bank Kenya has signed a partnership with NALA Payments Limited, a remittance payment processing platform licensed
The end of lockdowns and the need for financial inclusion drives customer traffic at ATMs for cash withdrawals, although the pandemic leaves a legacy of new digital and cashless payment behaviour ATM cash withdrawals pick up as the world gradually returns to normal Customers around the world made 69 billion cash withdrawals in 2021, RBR’s
Mobile bill pay brings daily lifestyle convenience for younger generations and is prompting older generations to change lifelong habits Mobile has emerged as the catalyst for continual change, with consumers across generations rapidly switching and using this channel to pay bills, according to the bi-annual (1H) 2022 ACI Speedpay Pulse consumer survey. ACI Worldwide (NASDAQ:
Paysend, the UK-based FinTech with over 7 million customers, today announces a partnership with Damane Cash, a payments institution and subsidiary of Bank of Africa, to enable money transfers to Morocco. With features such as low fixed fees, upfront exchange rates, faster transfer speeds and the ability to make instant, digital end-to-end international payments, this
Online fraud and digital wallet hacking now account for nearly 20% of U.K. fraud Individuals falling victim to confidence tricks has increased to 12.8% ACI Worldwide calls for a radical rethink of fraud fighting strategies and industry-wide collaboration More than one in ten people in the U.K. (12.1%) have fallen victim to payments fraud in
Activity in the global EPOS market bounces back, as retailers return to refreshing their hardware following a difficult 2020 EPOS shipments rise as pandemic restrictions ease 2021 marked a year of recovery for the global programmable EPOS market, with shipments increasing by 18%, according to Global EPOS and Self-Checkout 2022, the latest study by strategic
