MODIFI, a global cross-border trade payments company, has secured a $100 million line of credit with HSBC Innovation Banking UK to continue its growth. MODIFI helps exporters and importers to facilitate their international business. Through its digital platform, the company allows vendors to receive payments instantly while giving buyers the option to defer payment for
American Express has announced that Kuwait-based low-cost carrier Jazeera Airways now accepts American Express card payments. The partnership will provide American Express cardholders with access to Airways’ growing travel destinations, with best-value flights and services. It will also provide extra convenience for travelers, allowing cardholders to easily book their flights. “We are thrilled to be working
FIS, a global financial services technology company, has announced that it has entered into an agreement to sell a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction that valued Worldpay at $18.5 billion. The agreement will allow for more centralized management and simplified operations for
Mastercard is fighting fraudsters with its AI-powered ‘Consumer Fraud Risk’ solution, now available in the UK. Leveraging Mastercard’s artificial intelligence capabilities and a network view of account-to-account payments, it helps banks predict and prevent fraudulent payments of any kind. In partnership with nine UK banks, including Lloyds Bank, Halifax, Bank of Scotland, NatWest, Monzo and
Visa announced that it has partnered with SAP to streamline and simplify business-to-business (B2B) payments for businesses. The Asia-Pacific-focused partnership marks the first time Visa and SAP have teamed up to offer a way to integrate payments into the SAP ecosystem through the SAP Business Technology Platform (SAP BTP). . This partnership sets the stage
Chapa, a payment solutions provider in Ethiopia, has announced a partnership with Telegram to enable merchants using Telegram to seamlessly accept payments from customers, including financial and digital payments. digital in Ethiopia. Chapa’s integration with Telegram’s bot ecosystem allows merchants to accept payments without requiring customers to leave the app. Whether it’s mobile money, bank
TransUnion and NatWest Group have expanded their existing partnership to introduce Know Your Credit – a retail banking credit reporting service to all eligible UK consumers. The new service builds on the bank’s existing engine, which has seen over five million NatWest and Royal Bank of Scotland customers access their TransUnion credit scores through the
FundingShield, a cloud-based company providing FinTech solutions for risk management, compliance, and fraud prevention, has partnered with Mastercard to leverage an open banking platform run by Finicity, a Mastercard company provide. “FundingShield has over 95% coverage of licensed service providers in the real estate, mortgage, closing and settlement space in our live repository. This partnership
Tuum and Marqeta have partnered to provide a pre-integrated fintech solution that accelerates time-to-market for Tuum customers by working with Marqeta’s open API platform. European banks and fintechs will be able to create flexible card schemes that deliver an industry-leading modern digital payment experience while saving resources, time and money. Marqeta’s state-of-the-art card issuance platform,
Jack Henry announced the launch of Payrailz Fraud Monitor, an AI-powered, cloud-based feature of the Payrailz digital payments platform that provides real-time fraud detection as transactions occur. payment translation is started. This exclusive, highly customizable feature supports person-to-person (P2P) payments, consumer and business bill payments, and account-to-account outbound transfers (A2A ) is powered by the
Blackrock and Avaloq announce strategic partnership to deliver integrated technology solutions that meet the evolving needs of asset managers This partnership will enable private bank and wealth managers to improve their operations throughout the customer journey, including referrals, portfolio building, client reporting and management. risk management. By combining Avaloq’s core banking, CRM and mobile banking
FreedomPay, the world’s first standalone commerce platform, and Toast, an all-in-one digital platform designed for the entire restaurant community, have signed a partnership agreement for FreedomPay to become a gateway partner FreedomPay Toast’s preferred payment for certain corporate brands. Toast will be able to offer its cloud-based digital restaurant platform to leading corporate merchants in
