AFEX partners with TradeRiver
AFEX API automates payments & foreign exchange services within the TradeRiver trade credit platform...
Tag : payment
VocaLink partners with HSBC and first direct
Will offer Pay by Bank app, its mobile payments service, to customers of the two entities...
Uniformity across Direct Banking channels gives a boost to Odeabank
Now, Direct Banking channels account for 83% of all transactions of the Turkish bank January 6, 2017: Having entered the Turkish banking industry at the end of 2012, Odeabank maintained steady growth and continued to solidify strong achievements. It capitalised on its competitive strength to rank 8th among private deposit banks and 9th in total...
UK’s payment systems regulator to foster more competition
Right now, the sector mainly consists of bank controlled monopolies IFM Correspondent January 3, 2017: The UK’s Payment Systems Regulator (PSR) has decided to foster a more competitive domestic playing field. PSR has three main objectives — promote competition, promote innovation and ensure that payment systems are developed and operated in the interests of users. According...
Rise of holiday cash mule
Tourists are short-changing themselves by loading up on foreign currency before going abroad July 11, 2016: Concerns over access to money overseas are causing many holidaymakers to stockpile far more foreign currency than they need. The trip to the local post office or bank to ‘stock up’ ahead of departure is a tradition which could be...
PCT announces management buyout
PCT Management secures €12million investment to further accelerate growth July 6, 2016: Payment Card Technologies (PCT) announced a management buyout supported by a €12million investment from a European private equity firm. The transaction provides the company with significant growth development capital and a strong debt free balance sheet for further expansion both in Europe and...
‘Payments via mobile phones are predicted to grow to $58 billion by 2017’
IFM spoke to Andrew Schrage, co-founder of Moneycrashers.com, about the changes in payment systems April 23, 2015 Karan Belani How do the various payment systems — cash, cheque, credit cards, net banking, mobile payment — compare in terms of 1. Cost incurred by the customer 2. Safety issues There are virtually no costs incurred by...
Exploring digital payments at Money 20/20
The 2014 event in Las Vegas offered the chance to meet with just about anyone who counts in financial technology Tom Groenfeldt January 7, 2015: With over 7,000 attendees from 2,250-plus companies and coming from more than 60 countries, Money 20/20 in Las Vegas offered the chance to meet with just about anyone who counts...
Visa to open tech centre in India
The move will create over 2,000 jobs globally IFM Correspondent September, 26, 2014: Visa Inc, the global card payment system provider, will open a new technology centre in India in 2015. This will create over 2,000 full-time technologist positions all over the world. These include conversion of contractor positions to full time positions within the...
Home Depot’s payment system breached
Could potentially impact customers using payment cards at its US and Canadian stores September 9, 2014: The Home Depot, the world’s largest home improvement retailer, on Monday confirmed that its payment data systems have been breached, which could potentially impact customers using payment cards at its US and Canadian stores. There is no evidence that...