Huw Jenkins, CTO of The Money Cloud, says that agility and a lack of cumbersome legacy technology will assist a myriad of banking services challenge traditional banks once PSD2 comes into force.
A round-up of the latest news in the payments industry, including company announcements from WorldRemit and Revolut.
PPRO’s latest report on Western Europe breaks down 12 countries in the region and provides vital statistics, including reporting on financial inclusion, e-commerce trends for each market and individual analysis of each countries financial standpoint.
A recent anonymous survey of 10 of the top insurance providers in the US found that all of them still require customers to read their card numbers out loud when paying for insurance services over the phone. But verbalizing card numbers is an incredibly risky practice, and should not be happening.
"Big players and traditional acquirers are struggling to get out of the commodity corner, to the point of providing agile services that allow them to be omni-channel and data-centric. That is what we provide, an opportunity to fulfill those goals."
The deal, which was first announced in July 2016, should now be concluded quickly.
The crowdfunding was part of a £22m funding round that will support the launch of a current account facility.
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Barclaycard has partnered with Uber on a loyalty program that will see customers benefit from exclusive offers.
There were also 14.8 billion card transactions recorded in 2016, which is equal to 40.5 million per day and 469 transactions per second.
PAY.ON, an ACI Worldwide company, delivers white label global payment gateway solutions to payment service providers, ISOs, acquirers, ISVs, and VARs, enabling them to fully outsource payment transaction processing or integrate a gateway-to-gateway solution.
Michael Kaplan, CRO and General Manager at PayNearMe
