IBM to Support Payments and Foreign Exchange in More Than 50 Countries

MONEY 20/20: IBM (NYSE: IBM) today announced IBM Blockchain World Wire, a real-time global payments network for regulated financial institutions, is officially accessible in a growing number of markets. Designed to optimize and accelerate foreign exchange, cross border payments and remittances, World Wire is the first blockchain network of its kind to integrate payment messaging, clearing and settlement on a single unified network, while allowing participants to dynamically choose from a variety of digital assets for settlement. “We’ve...

Fintech Modo announces checkout product connecting merchants to market

Modo, the bank-grade fintech-as-a-service platform, announces their /Checkout™ product focused on simplifying the payment stack for ecommerce merchants. /Checkout increases basket size and the lifetime value of customers by expanding the number and type of payments options. /Checkout also enables merchants to see the total cost of payments on a transaction-by-transaction basis to facilitate reducing overhead operational cost. Numerous studies and surveys have identified local, relevant, and convenient payment options as a critical success factor...

14 West Streamlines Payments Stack Using Fintech Modo

Modo, the bank-grade fintech-as-a-service platform, today announced the addition of 14 West Administrative Services as a client. 14 West is the business services arm for The Agora Companies, a network for more than 40 of the world’s most innovative media and marketing companies. Modo was brought on by 14 West to simplify their payments stack by optimizing the dozens of global payments integrations into one interface. This will allow 14 West to streamline complex orchestration...

MSTS Becomes First FinTech Company to be Approved as European Electronic Toll Service (EETS) Provider

MSTS, a global B2B payment and credit solutions provider, today announced that its MSTS Tolls division has been registered as a European Electronic Toll Service (EETS) provider. As the first FinTech company, and seventh overall provider, to be approved with EETS since its inception in 2012, MSTS will provide customizable hardware and software solutions to support transportation companies across Europe and issue a proprietary EETS toll box. MSTS Tolls, with more than 30 years of tolling experience,...

Fintech Modo Announces Ryan Lee, Formerly with Apple and Visa, as Chief Product Officer

Modo, the market for payment services, today announced Ryan Lee, formerly with Apple and Visa, has joined their leadership team. Lee is serving as Modo’s Chief Product Officer, and is bringing a wealth of payments and strategy knowledge from work on groundbreaking payments technology. As Modo expands their product offerings, Lee’s experience and leadership will allow Modo to deliver even better and simpler value propositions to merchants, banks, and their partners. Before joining Modo, Lee shaped...

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