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Discover all the payments and fintech-related news and analysis about Hungary in The Paypers News, Reports, along with other Hungary-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Hungary in The Paypers News, Reports, along with other

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SEON unveils fraud prevention app for Shopify

News | Digital Identity, Security & Online Fraud | 03 Nov 2021

Hungary-based fraud prevention company SEON has announced that its fraud detection and prevention app, powered by AI and machine learning, is now available for Shopify’s merchants.

SEON, Shopify, partnership, fraud detection, fraud prevention, digital identity, artificial intelligence, machine learning

Erste Bank Hungary integrates OneSpan's Mobile Security Suite into its banking app MobilBank

News | Online & Mobile Banking | 24 Mar 2020

OneSpan has announced that Erste Bank Hungary has integrated OneSpan’s Mobile Security Suite into its banking app MobilBank. 

Erste Bank Hungary, OneSpan, banking app, MobilBank, mobile banking

Creandum and N26 founders invest in Seon

News | Digital Identity, Security & Online Fraud | 22 Mar 2021

Creandum and N26 founders have announced investing in Hungary-based anti-fraud startup Seon.

investment, transactions , transaction fraud, fraud prevention

SEON's fraud prevention tool helps during the COVID period

News | Digital Identity, Security & Online Fraud | 17 Jun 2020

SEON has revealed it is helping to speed up integration times associated with fraud prevention tools with a new solution in the market.

SEON, fraud prevention, COVID-19, pandemic, coronavirus, cybercriminals, startup, fraud, Hungary, fraud managers, inclusion, API, risk

MYPINPAD, OTP Mobile, and CircleBlue Pay offer SoftPOS in Hungary

News | Mobile Payments | 24 May 2022

UK-based fintech MYPINPAD has partnered with CircleBlue Pay and OTP Mobile to allow merchants in Hungary to accept cad payments via Tap to Phone tech.

partnership, SoftPOS, merchants, contactless payments, QR payments, payment methods

SEON partners IDVerifact

News | Digital Identity, Security & Online Fraud | 09 Jun 2021

SEON has announced its partnership with IDVerifact, a digital identity solution. 

SEON, partnership, cloud, fraud prevention, digital identity

Billingo to digitalize the billing services with Salt Edge data aggregation

News | E-invoicing, SCF & E-procurement | 25 Mar 2020

Billingo, the online invoicer in Hungary, has joined hands with Salt Edge, a provider of Open Banking solutions, to offer a range of opportunities fuelled by bank data aggregation, without having their own PSD2 licence.

Billingo, billing, Salt Edge, data aggregation, invoice, Open Banking

UniCredit Bank to use Nexi's SoftPOS application

News | Payments General | 25 Jan 2022

Hungary-based UniCredit Bank has introduced Nexi’s SoftPOS application for its business clients.

banks, partnership, POS, merchant, SMEs

Singapore and Hungary strengthen cooperation in fintech

News | Payments General | 09 Dec 2020

The Monetary Authority of Singapore (MAS) and the Magyar Nemzeti Bank (MNB) today signed a Co-operation Agreement (CA) to strengthen cooperation in fintech innovation between Singapore and Hungary. 

The Monetary Authority of Singapore, Magyar Nemzeti Bank, fintech

MKB and MTB partner to launch joint holding company in Hungary

News | E-invoicing, SCF & E-procurement | 19 May 2020

Hungary-based MKB Bank and savings and loans group Magyar Takarekszovetkezeti Bank (MTB) have signed a letter of intent to establish a joint financial holding company.

Hungary, MKB Bank, Magyar Takarekszovetkezeti Bank, MTB, banking, banks, Magyar Bankholding Zrt, National Bank of Hungary, NBH

Hungarian authorities break up EUR 8 mln VAT fraud scheme

News | Digital Identity, Security & Online Fraud | 01 Apr 2021

The Hungarian National Tax and Customs Administration (NTCA) has dismantled an organised criminal group (OCG) suspected of facilitating VAT fraud and money laundering.

Europol, fraud detection, fraud management, money laundering

Erste Bank Hungary selects valantic for request-to-pay functions

News | Payments General | 11 Mar 2020

Erste Bank Hungary, the subsidiary company of the Erste Bank Group Vienna, has selected valantic to develop real-time payments and request-to-pay functions.

Erste Bank Hungary, valantic, real time payments, fintech, investment banking, SWIFT, ISO 20022, Central Bank of Hungary, SEPA

58 percent of Hungry-based consumers are frustrated with ecommerce

News | Ecommerce | 23 Sep 2020

Ecommerce News has reported that over an half of the nearly 3.5 million online shoppers in Hungary, consider ecommerce a frustrating experience.

ecommerce, Hungary, shopping experience, checkout, cart abandonment, unreliable website, unknown payment page, failed transactions, Payment Experience Report, Frontìra, MasterCard, online shopping, merchant, payment solutions, GKI, COVID-19, online shoppers

Instant payment starts in Hungarian banking system

News | Online Payments | 04 Mar 2020

The Central Bank of Hungary (MNB) has launched its instant payment system, making bank transfers available around the clock in a matter of seconds.

Hungary, instant payments, The Central Bank of Hungary, Faster Payments, online payments, banking, bank transactions, Europe

SEON raises EUR 10 mln series A from Creandum

News | Digital Identity, Security & Online Fraud | 18 Mar 2021

Fraud fighter SEON has secured EUR 10 million (representing USD 12 million) series A investment. 

SEON, Creandum, funding, fraud detection

Hungary implements iGaming legislation to fight state monopoly

News | Online Payments | 09 Feb 2022

Hungary’s parliament has introduced new legislation regarding online gaming that will allow private online operators to enter the market, removing state’s monopoly on sports betting.

regulation, online payments, gambling, credit card, digital payments, payment processing

ACI Worldwide, Capsys, T-Systems to power majority of Hungary's real-time payments

News | Payments General | 01 Sep 2020

ACI Worldwide, a global provider of real-time digital payment software and solutions, has announced that it powers approximately 75% of Hungary’s real-time payments.

ACI’s Retail Payments, PSD2, banking, Hungary, real time payments, OTP Bank, Erste Bank Hungary, EBH, Takarekinfo, Capsys, T-Systems, origination, processing, clearing, fraud detection

Hungary to change procurement following EU's 'systemic' fraud citing

News | E-invoicing, SCF & E-procurement | 08 Feb 2021

The European Union's executive has told Hungary to reform its public procurement laws to curb systemic fraud before billions of euros from the EU pandemic recovery fund become available, according to marketscreener.com.

Hungary, EU, European Union, procurement, fraud, systemic fraud, European Commission, data accessibility, structural funds

Erste Bank Hungary provides request-to-pay using valantic's payments platform

News | Payments General | 02 Sep 2020

Erste Bank Hungary, a subsidiary of the Austrian Erste Group since 1997, has started offering its own system for processing request-to-pay (R2P) via partnership with valantic.

valantic, Real Time Payment Engine, RTPE, Request to Pay, banking, settlement, SWIFT, reconciliation, payment request, iD, Erste Bank Hungary, payments hub, Hungary

Agora Pay, PAYSTRAX partner to launch new payment acceptance solution in Hungary

News | Online Payments | 04 Jun 2021

Hungary-based payment company Agora Pay has partnered with PAYSTRAX to launch a new payment acceptance solution for the Hungarian market.

PAYSTRAX, online payments