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Plaid and Cross River partner to offer real-time payments in the US
Cross Riverbank, a technology infrastructure provider that offers embedded financial solutions, has announced the expansion of its partnership with Plaid, a data network helping the digital financial ecosystem, to deliver multi-rail payment solutions to US businesses and their customers.
“Expanding our relationship with Plaid to power their real-time offerings is a significant milestone in our commitment to driving financial innovation and ensuring faster, secure, and seamless payment experiences,”
“By combining the strengths of our proprietary banking core and advanced API technology with Plaid’s expertise in financial technology tools, millions of Plaid customers will have access to their money when and where they need it.”
Adam Goller, Head of FinTech Banking at Cross River.
Plaid chose Cross River to support Plaid’s real-time solutions because of the company’s ongoing relationship with Cross River’s proprietary API technology and innovative solutions. Cross River’s proprietary API-based core creates direct, efficient, and simplified connections to multiple payment networks ACH, RTP, and upcoming FedNow service.
“Real-time payments can deliver significant efficiency and cost benefits to businesses and help them deliver amazing new experiences for consumers by delivering money when and where they need it,”
“We are excited to expand our relationship with Cross River to deliver innovative real-time payment solutions on top of its API-based processing core.”
John Anderson, Head of Payments at Plaid.
The partnership’s first real-time offering is Instant Payouts on Plaid Transfer, a real-time multi-channel payment solution for instant deposits and payments. Plaid Transfer manages bank transfers and payments, allowing businesses to receive payment authorization, risk analysis, and transfer funds, all in a single API.
It also provides instant payment eligibility information. Businesses can seamlessly route transactions to ACH without complicating their customers if the account is not eligible for Instant Payments.
Tymit and VISA team to offer installment credits to banks & merchants
Tymit has established a strategic partnership with Visa to accelerate the adoption of installment credit among major financial institutions and merchants in the UK and Europe. This partnership aims to enable banks and merchants to offer co-branded and white label installment credit schemes powered by Tymit.
As one of the pioneering installment credit card services, Tymit offers installment plans for popular merchants like Frasers Group with Frasers Plus. Building on this success, the company is now focusing on providing its ability to enable white-label and co-branded installment credit programs to major financial institutions and merchants.
“Our partnership with Visa signifies a significant milestone as we empower financial institutions and merchants to swiftly and cost-effectively bring installment credit solutions to market,”
“With our proven track record and expertise in installment credit, we are poised to meet the needs of the industry by offering innovative co-branded installment credit cards and white-labeled installment credit programs.”
Martin Magnone, CEO and Co-founder of Tymit.
Tymit’s installment credit solutions provide an attractive alternative to traditional credit cards and BNPL programs, specifically designed to address the ever-changing payment challenges faced by merchants and consumers.
By partnering with Tymit, financial institutions and merchants gain access to technology and expertise, allowing them to create co-branded credit card programs with installment options.
This strategic move positions Tymit as a viable option for merchants looking for traditional credit card programs while offering the added advantage of buy now, pay later (BNPL).
“We are excited to partner with Tymit to provide our clients with innovative solutions that address the pressing challenges faced by the industry,”
“This collaboration will empower financial institutions and merchants to meet the changing needs of their customers, offering greater flexibility on card payments whilst enabling an embedded finance ecosystem.”
Federico Sanavio, Credit Products Solutions & Partnerships at Visa.
Cashflows launches new cloud-based in-person payments solution
Cashflows, the platform that allows merchants to accept payments, has launched a new cloud-based direct (point of sale) payment solution. The platform is designed for merchants, independent sales organizations (ISOs) and independent software vendors (ISVs) who want to provide merchants in all industries with a fast and reliable direct payment solution.
As part of the Cashflows payment platform, the solution directly supports a wide range of Android and Linux devices. Connectivity to WiFi and 4G networks is unsurpassed, as is easy integration with ePOS systems.
The solution is device independent and secure and complies with all relevant PCI standards.
The solution is easy to use, with transparent and fixed monthly rates per device.
Cashflows’ new partner leasing model allows ISOs and ISVs to deliver the best Android devices to retailers without the need to purchase the device first.
This opens up new revenue streams with minimal maintenance, upgrade and compliance responsibilities, enhancing Cashflows’ partnership proposition.
All terminals are integrated with Cashflows smart reporting portal, so merchants can access real-time sales data from online and in-person payments in a single dashboard.
This holistic view of trading performance allows traders to understand and act on the information provided.
“Our mission is to change the payments industry for the better, and our new in-person solution is designed to do just that. We have developed a simple, flexible, and function-rich solution that partners and customers can use out-of-the-box, with no complicated setup. When combined with our omnichannel data portal and the expert human support of our teams, we are enabling merchants and ISO and ISV partners to focus on what really matters – growing their business. This is payments, perfected by people.”
Paul Clarke, Chief Product, and Innovation Officer, Cashflows.
Pinpad POS devices that integrate with counters or ePOS systems via APIs and proof of concept (POC) with card diagrams for Tap on Phone functionality will be released by the end of 2023. This will expand merchant flexibility by allowing users to use their own devices as card terminals.
Nuvei and Plaid extend partnership to expand pay-by-bank
Canadian FinTech Nuvei and Plaid have extended their global partnership to support businesses by accepting bank-based payments for multiple use cases, including recurring payments and payouts, and to serve additional verticals within the e-commerce landscape.
Nuvei and Plaid plan to scale their partnership globally before the end of the year. Nuvei’s global reach, including local acquiring in 47 markets, combined with the Plaid network which covers 12,000 financial institutions across the US, Canada, UK, and Europe, will enable businesses in multiple regions to enhance their online checkout by offering pay-by-bank experiences.
While bank-based payments are typically not guaranteed, the Nuvei, Plaid partnership offers merchants the ability to assess transaction risk in real time and reduce return rates through Plaid Signal, a network-based machine learning model.
Moreover, Nuvei’s Instant Bank Transfer combines the speed of bank payment processing with Plaid’s seamless and secure user experience for bank account linking, which has been used by approximately 1 in 3 US consumers with a bank account to connect to digital financial services.
“Consumers are increasingly turning to online bank transfer payments, but their user experience has often been poor. Nuvei Instant Bank Transfer eliminates the barriers to adoption, democratizing this payment method for consumers and offering merchants a genuine revenue-driving alternative to card payments. Our partnership with Plaid makes online bank transfer payments even more seamless for millions of U.S. consumers, which is why we are excited to be expanding our partnership to target a broader range of e-commerce verticals.”
Nuvei CEO and Chair Philip Fayer.
“The shift to bank-based payments is a natural, inevitable progression and will become a seamless part of most payments experiences in the next few years,”
“Plaid and Nuvei have a proven track record of helping companies streamline account funding experiences through bank transfers. We are excited to extend our partnership with Nuvei to bring safe, secure, and seamless bank-based experiences to more companies and industries within the eCommerce realm.”
John Anderson, Head of Payments at Plaid.
MODIFI secures $100m debt facility with HSBC Innovation Banking UK
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 up to 180 days.
“We are excited to partner with a top-notch financial institution like HSBC Innovation Banking to meet the growing demand of our customers for higher liquidity.”
Nelson Holzner, CEO and Co-Founder of MODIFI.
HSBC Innovation Banking UK offers flexible banking solutions for startups, scalers, growing businesses, investors and those preparing for IPOs. The partnership with HSBC Innovation Banking is a key element of MODIFI’s refinancing strategy, which aims to diversify financing sources with funding providers. MODIFI recently entered into a $75 million line of credit with another global financial institution.
“There is a growing need for innovative solutions that remove barriers, increase transparency and enable small and midsize businesses to trade on a par with larger corporates. We are incredibly excited at HSBC Innovation Banking to support MODIFI as it continues to become a leading provider of trade finance products,”
Conor Sheehy, Head of FinTech Warehouse Finance at HSBC Innovation Banking.
American Express & Jazeera Airways partner to expand payment option for customers
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 with Jazeera Airways, increasing our range of accepted payment methods and adding value to our cardmembers,”
“As our network of airline partners continues to grow, we are committed to offering our members added convenience and accessibility, as well as the best travel options and experiences.”
Rasheed Khuzam, Kuwait Country Manager, American Express Middle East.
Additionally, American Express cardholders can use their American Express card when booking flights on the Jazeera app. This allows cardholders to have more payment options. They can use their American Express card with Jazeera, which operates a strong network covering 66 destinations in the Middle East, Europe, Central and South Asia, and Africa.
“At Jazeera Airways, we strive to offer the best customer experience for all our passengers. This includes a large variety of destinations, comfortable flights, and great value add services. By accepting American Express payments, we aim to provide customers with even greater payment choice.”
Bharathan Ravindran, Vice President of Commercial at Jazeera Airways
FIS sells Worldpay to GTCR at $18.5b valuation
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 FIS and Worldpay. Additionally, the initial proceeds provide immediate flexibility in capital allocation.
“This transaction allows FIS to monetise our Merchant Solutions business at an attractive valuation partially and provides certainty for all stakeholders,”
“It also allows us to simplify and drive greater focus on delivering innovative, next-generation financial technology and software solutions. At the same time, Worldpay will become a privately held company and benefit from the resources and expertise of GTCR.”
Stephanie Ferris, CEO and President FIS.
As part of the deal, GTCR has committed to investing additional capital in Worldpay of up to $1.25 billion to pursue inorganic growth opportunities. FIS will use the proceeds of the sale to pay off debt and return additional capital to shareholders through an existing share buyback authorization and for general corporate purposes while maintaining a credit-grade rating. strong investment.
“We are thrilled to be working with Charles and the Worldpay leadership team to build on the company’s culture of innovation, invest in new capabilities and advance its leadership position across channels and geographies. As a firm, we have a long history of investing in the payments sector, and that experience provides us with tremendous confidence in the opportunity for sustained, long-term growth at Worldpay.”
Collin Roche, Co-CEO and Managing Director at GTCR.
FIS will remain a provider of financial technology solutions to financial institutions, capital markets firms, businesses and developers worldwide.
Mastercard uses AI to flag real-time payment fraud for UK banks
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 TSB, Mastercard uses large-scale payment data to help identify payment frauds in real time. real time before the money leaves the victim’s account.
Organized criminals transfer “scam” money through a series of “mule” accounts to hide them. To combat this, for the past 5 years, Mastercard has been working with UK banks to track the flow of money through these accounts and then close them. Drawing on information from this tracing and overlaying it with specific analytic elements, Mastercard’s AI solution provides banks with the information they need to intervene in real time and stop payments before money is lost.
TSB was one of the first banks to adopt Mastercard’s Consumer Fraud Risk tool and has used it with great success. Other banks that accept the risk of defrauding consumers will do so in 2023.
“Banks have found these scams incredibly challenging to detect,”
“Their customers pass all the required checks and send the money themselves; criminals haven’t needed to break any security measures. As we all live more digital lives this type of fraud erodes victims’ confidence to interact online. Our goal is to build and maintain that trust. Using the latest AI technology, we are helping banks identify and predict which payments are being made to fraudsters and stop them in real-time.”
Ajay Bhalla, president of Cyber and Intelligence at Mastercard.
Mastercard will be rolling out Consumer Fraud Risk in the UK first, as it has extensive experience in tracking and preventing financial crime in the country’s real-time banking system and has help coordinate banks sharing their fraudulent data. It is currently approaching the next most suitable markets to adopt this technology.
Canapi Ventures raises $750m fintech fund
Founded by former Comptroller of the Currency Gene Ludwig and Live Oak Bancshares CEO Chip Mahan, Canapi launched with its first fund in 2020, securing backing from more than 30 banks and strategic investors for a $545 million fund.
The fund made 20 investments across areas such as fraud and identity, financial infrastructure, lending and credit, payments, and real estate technology. It claims to have helped to facilitate nearly 100 partnerships between its LPs and portfolio companies – including Alloy, Built, Thoropass, and Greenlight.
The so-called Canapi Alliance is now up to 70 members, ranging from community to regional to super regional banks and service providers.
The second fund will continue to make similar investments but also look to target firms working on the governance of AI, cybersecurity, and the intersection of financial services and climate technology.
Says Ludwig: “Our venture capital model connects high-quality fintech companies to our extensive network of banks and strategic partners, creating strong symbiotic value in this important ecosystem.”
PayGround Announces $19.7M Oversubscribed Series A Funding Round
PayGround, a healthcare fintech payments platform, today announced closing a $19.7M oversubscribed Series A financing led by SixThirty with participation from Rally Ventures, IA Capital Group, FCA Venture Partners and Plug and Play Ventures. The funding will bolster the company’s rapid expansion into hospitals and health systems, building on its success in the ambulatory market, as well as grow its senior leadership team.
The company has grown annual revenue by over 560% over the past three years, demonstrating its ability to deliver on its mission to simplify how individuals and families pay for healthcare so they can spend their time on more important things.
“Most Americans have encountered the fragmented experience of paying healthcare bills. PayGround empowers individuals and families with a dedicated digital wallet in which they can manage and pay all their healthcare provider bills in one place,” says Drew Mercer, co-founder and CEO of PayGround. “Plus, by providing patients with an incredibly convenient way to pay for healthcare, paired with financial optionality, the revenue cycle outcomes for healthcare providers are naturally strengthened. It’s a win-win for all key stakeholders.”
“Payments, and particularly out-of-pocket payments, continue to be a vexing pain point for healthcare providers and patients. With this current round of funding, PayGround will continue to grow as a recognized and trusted partner for providers and patients — modernizing the way healthcare payments are made in the U.S.,” says Andrew Wegrzyn, Principal at SixThirty. “PayGround continues to enhance the patient and provider relationship, ensuring that advanced financial technology benefits patients and providers alike.”
Funds will also be allocated to enhance PayGround’s platform with additional value for hospitals, health systems, independent practices and patients that will further enable payor connectivity.
“PayGround’s modern, patient-centric approach to healthcare payments fills a meaningful market need,” says Matt Perlman, Partner at IA Capital Group. “We believe in PayGround’s vision to help payors, providers and patients collaborate to cover out-of-pocket expenses, and we’re excited to connect PayGround with IA’s broad network and experience with insurance companies as they continue to innovate how people pay for healthcare.”
“PayGround has proven its value in helping consumers better understand and pay for healthcare expenses, while improving the revenue cycle process for both provider and patient,” adds Justin Kaufenberg, Managing Director at Rally Ventures. “Our team is eager to partner with PayGround and to contribute our expertise in identifying areas of opportunity and increasing revenue streams.”
Curve selects Nuvei to facilitate international expansion
Nuvei Corporation, a Canadian FinTech company, has selected Curve, a financial super app that consolidates your cards into a single smart card, to provide card purchasing and alternative payment methods (APM) to transfer consumer funds to and from their Curve digital wallet.
Nuvei’s comprehensive, customizable and flexible payments technology enables FinTech applications and card issuers to accept VISA and Mastercard transactions. Card payments are optimized using Nuvei’s smart routing engine to maximize card payment acceptance and reduce operating costs. All relevant APMs in each Curve-operated market will soon be available to Curve customers.
“Our goal at Curve is to be the most customer-centric app, simplifying the way they spend, so industry-leading customer experience is critical to Curve’s service. Consumers simply will not tolerate delays or the inability to transfer funds, so we are proud to partner with Nuvei. Their proven optimized card acceptance rates, platform stability and low latency guarantees that we’re offering the peak payments service to our customers.”
Curve’s Founder & CEO, Shachar Bialick.
Curve also benefits from Nuvei’s customizable, real-time reporting tools, allowing the company to monitor all transactions through a single, comprehensive analytics portal. This capability is especially important for the financial services industry in routing payment traffic efficiently and optimizing payment flows. In addition to providing payments services in Curve’s established markets in Europe, Curve is leveraging the global reach of the Nuvei acquisitions to accelerate its international growth plans.
“Payments play a critical role in the user experience for financial services providers, and the market is becoming increasingly competitive. We are proud to partner with Curve to enhance the product it is offering to its customers, and to enable to Curve to reach its customers, wherever they are and however they want to pay.”
Philip Fayer, Nuvei Chair and CEO.
Globacap raises $21m Series B to digitise private capital markets
Capital markets technology company Globacap has completed a $21 million Series B funding round with the aim of digitizing and automating the global private capital markets.
Investors include financial markets heavyweights Moore Strategic Ventures, LLC, Cboe Global Markets, Inc. and the Johannesburg Stock Exchange (JSE), as well as GABI Ventures and Asia-focused investment firm QBN Capital.
Globacap aims to unlock the potential of private capital markets through digitalization and automation. Workflow automation as a service brings the same efficiency as public procurement to the private market. It streamlines tedious processes from issuance and ongoing management to transferability and settlement of securities, thereby reducing costs and improving the efficiency of market intermediaries.
Globacap has grown rapidly since its launch six years ago. It houses 15 white labels for global institutions and an ecosystem that has managed more than 70 private placements and completed more than $350 million in private asset secondary transactions, with automated settlement and currently manages $14 billion in private securities.
The capital markets technology company will use this new funding to enhance its marketing and sales efforts, expand into new geographies and invest in its product development for expansion customer base. It also plans to build on the success of its white label product which helps digitize and automate processes across private capital markets and is used by leading intermediaries including the JSE and Instinet.
“Private capital markets are rapidly growing, but their opaque nature is holding them back from reaching their true potential. We are bringing public markets-like infrastructure to private capital markets to improve access, boost liquidity, and remove administrative burdens. Securing considerable backing from world-leading investors during a time of market turbulence, risk aversion, and uncertainty is a powerful validation of our mission to transform and drive efficiency in private capital markets. We are in a unique position to grow through the current market turmoil, leading with strength as market conditions eventually improve.”
Myles Milston, Globacap Co-Founder and CEO.
NMI acquires Sphere’s commercial division to expand underwriting capabilities
NMI, a wholly owned commerce enablement technology company, has acquired the commerce division of payments software and technology company Sphere.
The acquisition will strengthen NMI’s underwriting and risk management capabilities and enable NMI’s partners, including independent software vendors, independent sales organizations and FinTech innovation, creating merchant accounts within the existing NMI platform.
“The addition of Sphere’s Commercial Division allows us to add yet another module to our stack of payment enablement tools, providing our partners with the modularity and choice to better customize payment experiences for their merchants,”
“These added capabilities of underwriting, risk management and merchant account creation are a game changer, not only for our partners but also for their merchants in the race to provide the most convenient, painless experience for end consumers.”
Vijay Sondhi, CEO of NMI.
The addition of Sphere’s commercial division’s underwriting and risk management capabilities will enable NMI partners to monetize a larger portion of the value chain by providing additional liquidity to their seller. While NMI partners will still be able to use their own merchant accounts as they normally do, this acquisition will provide partners with another option to create merchant accounts through the platform NMI, allowing them to increase the flexibility required by traders.
“It is a natural fit to combine our capabilities with NMI’s platform because our vision aligns well with NMI’s goal to provide partners access to any and all the payment capabilities they could need,”
“Partners today are looking to own as much of the payments ecosystem as possible, and we are adding another layer to that by combining forces with NMI.”
Tom Bannon, COO and President, Sphere Commercial Division.
Moniepoint enters Nigeria’s personal banking market
Moniepoint Microfinance Bank, a business banking platform in Nigeria, has announced plans to enter the personal banking market by launching a consumer and debit card app.
Moniepoint Microfinance Bank, another subsidiary of Moniepoint Inc., will extend its trusted banking infrastructure from the businesses it serves to its customers and employees.
Millions of people will benefit from the seamless and reliable debit card payments of the corporate banking platform, with more than 1.5 million businesses currently using the platform. Global payment processors, including Mastercard and Verve, will issue these debit cards.
“Launching a personal banking product means we can connect businesses and their customers more effectively, backing them with our reliable infrastructure and services. We have always been committed to providing financial happiness, so it was a natural next step when dealing with so many businesses to offer our reliable services to their customers and employees. By taking this step, we are determined to power the dreams of millions of people across the continent.”
Ope Adeyemi, SVP for Channels and Sales Tools at Moniepoint.
The app will allow users to make transfers, pay bills and buy airtime, while its debit card can be used at ATMs, point-of-sale terminals and online. line. Merchants will also benefit from seamless transactions when customers use Moniepoint cards. Other services, such as salary advances, will be rolled out in the coming months. The launch of Moniepoint Microfinance Bank’s personal banking product continues its strong performance in the corporate banking market.
TerraPay Group Expands Business Operations in Italy and Sets Sights on European Union
TerraPay, a leading global payments infrastructure company, today announced that it has secured authorization as an Electronic Money Institution (EMI) in Italy. Having obtained approval from the Bank of Italy, TerraPay is set to expand its operations within the country and subsequently, throughout the European Union.
Under Article 114-quinquies Consolidated Banking Act (TUB), the Bank of Italy authorized TerraPay Italy as an electronic money institution. This holds great significance not only for TerraPay but also for the thriving Italian fintech sector, marking a notable step forward in their respective trajectories. Leveraging its extensive expertise and innovative approach in the digital payments sector, TerraPay aims to positively impact and contribute to the European market.
“The commitment of the TerraPay team, supported by the international firm Orrick, was crucial in reaching this historic milestone,”
“We are excited about what the future holds for us in Italy, and we will continue to work towards providing innovative and secure digital financial services.”
Ambar Sur, Founder and CEO, TerraPay.
“Securing this authorization firmly establishes TerraPay as a trailblazer in the realm of electronic money within Italy, while also paving the way for exciting avenues of expansion and growth across both the Italian and European markets.”
Ram Sundaram, Co-Founder, and COO, TerraPay.
TerraPay has established itself as a global partner to leading banks, money transfer operators, mobile wallet operators, and financial institutions to facilitate digital transactions without borders. As a B2B company, TerraPay partners with other businesses and helps them leverage its agile, secure, and scalable technology platform to enhance their customer proposition for remittances, payments, and cross-border spending. The company has an expansive network across 121 receive countries and 208 send countries and is regulated in over 28 countries, globally. The company’s key markets include; GCC; North, South, and Central Africa; Europe and SE Asia; Central, North, and South Americas.
TerraPay’s vision is aligned with achieving the SDG 2030 goal of fostering economic growth and equality, by reducing the cost of transactions across diverse payment channels such as mobile wallets and bank accounts, to name a few.
“I want to highlight the utmost significance of fostering a resilient regulatory culture within our company. Our collaboration with the Orrick law firm has once again underscored the pivotal role that robust legal support plays in the dynamic landscape of the financial industry.”
Akbar Hussain, Co-Founder, General Counsel & CCO, TerraPay.
This noteworthy accomplishment was made possible through the concerted efforts of the TerraPay team, which plans to strengthen its presence in Italy and beyond, and the invaluable legal guidance provided by Marco Boldini, a partner at the Orrick law firm, along with his accomplished team consisting of Teresa Mattioni, Niccolò Martinoli, and Niccolo Matteo Bonaldo. Furthermore, on the corporate front, the pivotal contributions of partner Marco dell’Antonia and senior associate Jacopo Taddei were also instrumental in enabling this. TerraPay expresses sincere gratitude for this momentous achievement, as navigating the complex authorization procedures would have been challenging without the support of this team. The company remains optimistic about the outstanding partnership established with the Bank of Italy and the path ahead.
NCR expands ATM network to Portugal
Business technology provider NCR has expanded its Cashzone-branded ATM network in Portugal. To date, more than 100 Cashzone-branded ATMs have been installed in Portugal, giving consumers, including those visiting the country, easier access to cash.
NCR is one of the largest independent ATM operators in the world and their Cashzone brand is present in the UK, Spain, Germany, Ireland and now Portugal.
The combination of high cash availability, branch consolidation and Portugal’s vibrant tourism market has made it an ideal location for Cashzone expansion. NCR has added ATMs mainly in tourist areas in southern Portugal and Lisbon, with plans to enter new areas in the coming months. The machine is installed at trusted stores, such as convenience stores, supermarkets, food and beverage stores, shopping malls and entertainment stores.
“There continues to be a widespread demand from consumers for access to cash, particularly while on holiday,”
“By bringing NCR’s Cashzone-branded ATMs to Portugal, we are enabling visitors to Portugal to interact with an ATM brand they’re familiar with and giving retailers the ability to widen their service offerings and engage with new customers.”
Stuart Mackinnon, EVP, ATM Group, NCR Banking.
NCR is one of the UK’s largest independent ATM operators, providing safe and reliable access to cash through the Cashzone brand. Its proprietary ATM software and solutions make its ATMs more attractive while providing exceptional service. Headquartered in Atlanta, Georgia, the company has 35,000 employees worldwide. This is a trademark of NCR Corporation in the United States and other countries.