payment - FinTecBuzz

Cashfree launched ‘Accounts’ to generate payment instruments

September 7, 20215 min

Leading payments company Cashfree today launched its Banking-as-a-service offering ‘Accounts’ to help neo-banks and fintech platforms quickly integrate banking services into their product. Accounts will allow businesses to offer features like account opening, linking, deposits, check balance and interest earning to their customers, partners and vendors. Riding on the recent guidelines by RBI on digital KYC, Accounts by Cashfree will enable 100% paperless bank account creation instantly. Currently supporting the creation and management of current accounts, Cashfree...

by PRNewswire

Payments

Hamburg Bank drives change with Broadridge’s payment platform

September 7, 20216 min

Bank drives transformation and navigates dynamic change with advanced payments platform and BPO service to provide its clients best in class technology Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that Hamburg Commercial Bank is now live using Broadridge’s Payments as a Service – a cloud-based new-generation platform and BPO operation – to transform the bank’s international payments (including TARGET2) processing for corporate clients based on PPI AG´s market leading payments platform. Broadridge’s Payments as...

by PRNewswire

Payments

New Digital Payments: Opportunities and Chargeback Risks Survey

August 25, 20215 min

Study Shows Majority of Companies Think Their Chargeback Rate Has Increased in the Past Year, and 7 in 10 Have Been in a Fraud Monitoring Program in the Last 12 Months Kount, an Equifax Company, the leader in digital identity trust and fraud prevention, has published the first of its kind “Digital Payments in 2021: Opportunities and Chargeback Risks” survey. The survey takes a deep dive into 2021 chargeback trends and risks across customer experiences, both pre...

by PRNewswire

Payments

Payment Technology Leader Cardknox Unveils Cardknox Go

August 25, 20215 min

Merchants will benefit from transparent, flat-rate pricing structures; skip the lengthy underwriting process; and receive approval for their payment processing account in real-time Cardknox, a leading developer-friendly payment technology provider, today announced the release of its payment facilitator (payfac) model, Cardknox Go. As a comprehensive payment facilitator platform, Cardknox Go gives developers, ISVs, and VARs the ability to onboard merchant accounts easily and in record time, who in turn can provide their merchants with the...

by PRNewswire

Banking

Retail Bank Klarna hits record 20 million US customers

August 24, 20217 min

Klarna's shopping app reaches 4 million monthly active users and industry-leading daily downloads

by BusinessWire

Payments

Shift4 Payments Adds Karen Roter Davis to Board of Directors

August 19, 20214 min

Shift4 Payments (NYSE: FOUR), today announced the appointment of Karen Roter Davis to the Shift4 Payments Board of Directors, effective August 16, 2021. Ms. Davis will service as a member of the Audit Committee and Compensation Committee. Ms. Davis will be replacing Andrew Frey, who stepped down from the Board of Directors, effective immediately. Following the appointment of Ms. Davis, the Board will comprise 7 Directors, 4 of which are independent. “We are pleased to...

by BusinessWire

Payments

Paysafe Reports Second Quarter 2021 Results

August 17, 202187 min

Paysafe Limited (“Paysafe” or the “Company”) (NYSE:PSFE) (PSFE.WS), a leading specialized payments platform, today announced its financial results for the second quarter of 2021. Second Quarter 2021 Financial Highlights (metrics compared to second quarter of 2020) Total Payment Volume of $32.3 billion, increased 41% Revenue of $384.3 million, increased 13% Net income attributable to the Company of $6.6 million, compared to net loss of $15.9 million Adjusted EBITDA of $118.8 million, increased 8% Reaffirmed 2021...

by BusinessWire

Payments

Payment Company Mogo Reports Second Quarter 2021 Financial Results

August 12, 202116 min

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital payments and financial technology company, today announced its financial and operational results for the second quarter ended June 30, 2021. Second Quarter Financial Highlights (All comparisons are relative to the three-month period ended June 30, 2020 unless otherwise stated) Revenue increased 29% to $13.7 million. Subscription and services revenue growth accelerated, up 81% year over year to a record $8.2 million (60% of total revenue). Record...

by BusinessWire

Financial Software

SmartStream’s AI Solution Supports Continuous Streaming

August 12, 20213 min

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces the launch of SmartStream Air Version 4, which provides the continuous streaming of reconciliations using the latest AI cloud-native technology. The new version will manage large volumes of data in a variety of non-standard formats and structures, it will check for accuracy and completeness on a continuous basis, without the need to reload unmatched items. SmartStream Air Version 4 supports both real-time and...

by BusinessWire

Payment Platform

i2c, KEO and PAYBACK Partner to Enable New Prepaid Program

August 11, 20214 min

Innovative collaboration to boost consumer credit and financial inclusion throughout Mexico i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with KEO, an innovative lending company, and PAYBACK, the largest customer loyalty program in Mexico, to provide inclusive financing in Mexico through the KEO PAYBACK American Express® Card. The new partnership aims to boost consumer credit availability and financial inclusion in Mexico. Backed by i2c’s highly configurable platform and supported on...

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