A symbiotic relationship
UK based prepaid-card solution provider, MH Pillars, is to acquire the strategic assets of Canadian online payment processor, AlertPay (view press release). Through the deal both parties will look to expand their customer bases and increase their international market presence through the development of their technology and payment tools. Equipped with its proprietary content, Alertpay claims MH Pillars will have a comprehensive suite of solutions with which to enter the online payments industry.
“We feel that our e-wallet and payment processing capabilities coupled with MH Pillars prepaid-card expertise will form a symbiotic relationship,” says AlertPay CEO Firoz Patel.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
