BayPay Members Blogs

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ICICI and IndoStar partner to finance commercial vehicles

(The Paypers) ICICI Bank and IndoStar Capital Finance have joined forces to help underserved businesses in India buy new and used commercial vehicles. Original link
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Ecommerce in Sweden to be worth EUR 16.86 bln in 2019

(The Paypers) Ecommerce in Sweden is expected to be worth EUR 16.86 billion at the end of 2019, according to a report by Ecommerce Foundation . Original link
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InstaReM rolls out card issuing platform

(The Paypers) InstaReM has released its API-based digital platform that will enable startups, fintech companies, and enterprises to launch their own branded cards. Original link
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Bank APIs not ready for PSD2 deadline - Tink

With PSD2’s Regulatory Technical Standards (RTS) deadline fast approaching, Swedish open banking platform Tink is claiming that European lenders have failed to provide the proper technology environment for third party...
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Are Digital Wallets The Future Of Payments?

Say goodbye to your leather wallets and bedazzled purses; the future of the wallet is now, and it is digital.   In 2018, the average U.S. adult spent more than six...
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SIA opens new payment card centre in Verona

In Verona today SIA has inaugurated a new specialized center for payment cards, capable of managing every stage of issuing, from conception to distribution, through a monitoring system compliant with...
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The benefits of payments as a service in the cloud

Loranne A Pace, SVP, Head of Banking Operations, FIMBank plc , Malta, and Vinay Prabhakar VP, Product Marketing, Volante Technologies, speak at EBADay 2019 in Stockholm about payments as a...
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NatWest rolls out digital working capital product

British bank NatWest is piloting a digital working capital product that offers a credit limit based on business customers' unpaid invoices. Developed with Australian fintech Waddle Loans, the product, called...
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Maybank, Visa Malaysia launch mobile payment app

(The Paypers) Maybank , in partnership with Visa Malaysia, has launched a mobile payment app for merchants, Tap2Phone. Original link
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Visa, PayPal roll out Instant Transfer feature in Canada

(The Paypers) Visa and PayPal have launched a feature that allows consumers and small businesses in Canada to instantly access funds. Original link
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Jack Henry & Associates acquires PFM company Geezeo

(The Paypers) Jack Henry & Associates ,a provider of technology solutions and payment processing services, has announced the acquisition of Geezeo , a provider of retail and business digital financial management...
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Bank Of Scotland fined GBP 45.5 mln for fraud

(The Paypers) The Bank Of Scotland has been fined GBP 45.5 million for failing to report suspicions about a GBP 245 million fraud scandal. Original link
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Flexi-Fi fast-tracks credit apps with Mitek's helps

(The Paypers) Flexi-Fi has announced it is deploying Mitek ‘s mobile capture and digital identity verification software solution as part of its customer onboarding process. Original link
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3i Infotech's AML solution 'AMLOCK' offered to the US market

(The Paypers) Global Information Technology company 3i Infotech has showcased its advanced Financial Crime Detection and Management Solution, AMLOCK. Original link
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GEMADEC, Daon offer facial recognition tech for CIMR

(The Paypers) GEMADEC and Daon have set up a mobile application with facial recognition technology on behalf of the Moroccan Interprofessional Pension Fund (CIMR). Original link
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68 percent of UAE retailers increased revenue after accepting digital payments

(The Paypers) Around two thirds of small UAE-based retailers have said their revenues and footfall increased after accepting digital payments, a new study from Visa found. Original link
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IXOPAY, Kount join forces for fraud protection

(The Paypers) Payment management platform IXOPAY has revealed a partnership with digital fraud prevention company Kount , to protect IXOPAY’s digital innovation from fraud. Original link
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The Epiphany: Moving to an Experience Economy

Paolo Spadafora, CEO & Founder, Epiphany and Joanne Moretti, Adviser & Partner, Epiphany, speak at EBADay 2019 in Stockholm about the essential steps to open banking, whether banks fully understand...
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Rakuten Bank taps into LUXHUB's open banking solutions

(The Paypers) LUXHUB , a European open banking API platform service provider, has partnered with Rakuten Bank Europe to help the bank with its PSD2 (open banking) compliance. Original link
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Manchester Metrolink goes contactless

Passengers travelling on Manchester's tram network can now use their contactless payment cards to pay their fares, in the first aggregated Pay As You Go implementation on light rail outside...
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