Diebold Nixdorf Unveils Next-Generation Banking Solutions Built For The Transforming Financial Services Industry

Posted on by Staff Writer | 3869 Views | 13 min read

Diebold Nixdorf, a global leader in driving connected commerce for the banking and retail industries, has unveiled the DN Series, a family of self-service solutions designed to anticipate the needs of a progressively transforming industry. Leading banking brands, including Fifth Third Bank and BNL Gruppo BNP Paribas, are among the 18 financial institutions in 13

RBR Research: Video Banking Helps Banks Extend Financial Services to New Locations

Posted on by Staff Writer | 3551 Views | 9 min read

Video banking technology provides banks with the ability to extend their services to more customers at a lower cost than full-service branches. Another banking touchpoint According to RBR’s Teller Automation and Branch Transformation 2019 report, which covers 23 key global markets, a number of financial institutions are turning to video banking technology to extend their

PayU Acquires Turkish Digital Payments Provider Iyzico

Posted on by Staff Writer | 3475 Views | 12 min read

PayU announces the acquisition of iyzico – a digital payment services provider and one of the most hotly tipped fintech start-ups in Turkey – for $165 million. The acquisition, which adds to the over $500 million PayU deployed across fintech investments and M&A, is a further step in the company’s mission to become the leading

Tribunal Approves Merger Whereby Absa Bank Acquires Société Générale SA

Posted on by Staff Writer | 3778 Views | 5 min read

The Tribunal has approved a large merger, without conditions, whereby Absa Bank Ltd (Absa) seeks to acquire Société Générale SA (SocGen) Johannesburg branch in respect of target assets. Absa is a wholly owned subsidiary of Absa Group Ltd (Absa Group). Absa is listed as a regional African banking and insurance business. It offers a complete

Visa and Western Union to Bring Speed, Simplicity and Transparency to Global Payments

Posted on by Staff Writer | 3047 Views | 11 min read

New collaboration to modernize global money movement for expedited cross-border money transfers. Visa has announced a new strategic agreement with Western Union, a global leader in cross-border, cross-currency money movement. Western Union will implement Visa Direct, Visa’s real-time1 push payments platform in an effort to bring speed and transparency to the process of sending money

WorldRemit Launches New Product for Business Payments to South Africa

Posted on by Staff Writer | 5145 Views | 10 min read

Through the WorldRemit website and app SMEs can now quickly and securely transfer money to pay employees and contractors in 140 countries including South Africa. Leading digital money transfer company WorldRemit has launched WorldRemit for Business, a new service that enables small and medium-sized business owners to quickly pay their employees and contractors in 140

Half the World’s Population to Use Digital Wallets by 2024, Juniper Research Study Finds

Posted on by Staff Writer | 2930 Views | 8 min read

A new study from Juniper Research has found that the number of people using digital wallets will increase from 2.3 billion this year to nearly 4 billion, or 50% of the world’s population, by 2024. This in turn will push wallet transaction values up by more than 80% to more than $9 trillion per annum.

EMVCo Publishes EMV Secure Remote Commerce (SRC) Specification v1.0 and Payment Icon

Posted on by Staff Writer | 3712 Views | 10 min read

The specification enables the creation of a virtual payment terminal and the icon facilitates easy consumer recognition of remote-checkout environments that offer a consistent card-based payment acceptance experience. EMVCo has released EMV Secure Remote Commerce (SRC) Specification v1.0, which is available for free public download from the EMVCo website. The specification provides a foundation that

RBR Reseach: Have Contactless Cards Become the Tool of Choice for Low-value Payments?

Posted on by Staff Writer | 3005 Views | 13 min read

Contactless cards will account for 57% of payment cards worldwide by 2023 as issuers increasingly offer them as standard, and acceptance grows to reflect customer demand. Issuers offer contactless functionality to persuade customers to use cards instead of cash Research from RBR’s Global Payment Cards Data and Forecasts to 2023 shows that issuers across the

SWIFT Selected as a Network Service Provider to all TARGET Services

Posted on by Staff Writer | 2922 Views | 10 min read

SWIFT has been awarded the license to offer connectivity services to all Eurosystem market infrastructures via the European Single Market Infrastructure Gateway (ESMIG). SWIFT has announced that it has been awarded a license to provide ESMIG connectivity services from November 2021, as a Network Service Provider for the Eurosystem’s TARGET Services. SWIFT’s appointment through the