Articles with tag: covid

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Use of cash has decreased, while PaaS platforms increase during the COVID-19 pandemic

27 Oct 2020 | Online Payments

A report from Grand View Research has revealed that the global payments as a service market size is expected to reach USD 25.7 billion by 2027.

Grand View Research, report, research, payments as a service, PaaS, merchants, digital money, contactless payments, e-wallets, digital wallets, COVID-19, pandemic, cash transactions, payee

Moneytech takes part in Australia's SME Guarantee Scheme

27 Oct 2020 | Payments General

Moneytech has gotten the approval to take part to Australia’s SME Guarantee Scheme, enabling the group to now provide support to SMEs affected by the COVID-19 pandemic.

Moneytech, SME Guarantee Scheme, payments, business loans, lending, finance, SME, COVID-19, Australia

A new era in payments – Canada's digital transformation during the COVID-19 pandemic

27 Oct 2020 | Online Payments

William Keliehor, Chief Commercial Officer at Interac, talks about the important role played by digital transformation for Canada’s economic recovery

Interac, William Keliehor, Canada, COVID-19, digital transformation, digital payment, ecommerce

Digital Trust & Safety – how to empower customers and merchants to fight fraud

27 Oct 2020 | Digital Identity, Security & Online Fraud

Ahead of the holiday shopping season, Kevin Lee, Trust & Safety Architect at Sift, shares what are the main types of attacks during these festive periods and how to best prepare against them

Sift, digital trust, digital safety, ATO, online fraud, ecommerce, COVID-19, pandemic, cybercriminals, BOPIS, ID, API, Adyen, Braintree, Paypal, Stripe

FCA highlights continued support for consumers struggling with payments

23 Oct 2020 | Payments General

The Financial Conduct Authority has urged consumers struggling to make repayments due to the impact of coronavirus (Covid-19) to speak to their lenders about options available to them. 

Financial Conduct Authority, lending, loans, repayments, COVID-19, financial resilience, debt, payments, bills

Supporting airlines as they defend against pandemic-related fraud trends

23 Oct 2020 | Digital Identity, Security & Online Fraud

It's likely that fraudsters are taking advantage of the pandemic to target airlines with new and refined tools and techniques. Mark Strachan, EMEA Managed Risk Principal at Cybersource, discusses nine key fraud trends and how to combat them.

Mark Strachan, Cybersource, fraud, token, bank account, COVID-19, vouchers, account takeover, chargebacks, friendly fraud, machine learning, customer behaviour, fraud management

Jumio rolls out video verification solution to streamline KYC compliance

22 Oct 2020 | Digital Identity, Security & Online Fraud

US-based provider of AI-powered end-to-end identity verification Jumio has announced the launch of a new video-based verification solution.

Jumio, identity verification, product launch, US, video-based verification solution, KYC/AML, KYC, COVID-19, coronavirus, pandemic,

G-Star merges in-store and online shopping via Apple's App Clips

22 Oct 2020 | Ecommerce

Fashion retailer G-Star has integrated Apple’s App Clip technology in its stores to merge its online and physical shopping experiences.

G-Star, Apple App Clip, integration, online shopping experience, Highstreet Mobile, QR code, Apple Pay, COVID-19, pandemic

PFMs that still rely on screen scraping should embrace Open Banking APIs

22 Oct 2020 | Online & Mobile Banking

Yolt Technology Services (YTS) has conducted a survey  across the UK and the Netherlands to better understand the perception of different industries towards open banking.

UK, Netherlands, open banking, screen scraping, personal finance, PSD2, SCA, Strong Customer Authentication, finance management, report, standardisation, compliance, security, data privacy, money management, COVID-19, survey, Yolt Technology Services, consent

Money-conscious Brits now buying big at the end of each month, Openpay reveals

21 Oct 2020 | Ecommerce

Openpay has found that due to the pandemic, UK-based consumers now shun the payday treat – with 46% waiting until the end of the month to treat themselves after assessing finances.

Openpay, research, UK, payday, pandemic, COVID-19, shopping behaviour, retailers, smart home, online shopping

Mobile wallet transactions in India to exceed 1.4 tln in 2024, says GlobalData

21 Oct 2020 | Mobile Payments

GlobalData has revealed that mobile wallet transaction is expected to surpass USD 1.4 trillion in 2024.

GlobalData, research, report, mobile wallet, transaction, India, Bharat QR, COVID-19, POS, Paytm

SEON, Sun Finance to explore how consumer risk changed during the pandemic in emerging markets

20 Oct 2020 | Digital Identity, Security & Online Fraud

SEON has teamed up with Sun Finance, an Europe-based online lender working with unbanked and underbanked customers to discuss how consumer risk shifted during the pandemic.

SEON, Sun Finance, unbanked, underbanked, fraud, risk management, COVID-19

Accelerated Payments obtains GBP 20 mln financing

19 Oct 2020 | E-invoicing, SCF & E-procurement

SME funding provider Accelerated Payments has secured a GBP 20 million senior debt line from asset manager Channel Capital Advisors to expand AP’s receivables financing capability. 

Accelerated Payments, financing, SME, receivables, senior debt line, asset manager, Channel Capital Advisors, invoice financing, Europe, Ireland, UK, covid-19, FCA

UK-based Railsbank becomes part of SAP.iO

14 Oct 2020 | Online & Mobile Banking

BaaS platform Railsbank has entered the SAP.iO Foundry Singapore Fall 2020 acceleration programme which has just been launched, according to the official press release.

UK, Railsbank, SAP.iO, BaaS, platform, acceleration programme, SAP.iO Foundry Singapore Fall 2020, enterprise application software, startups, APIs, COVID-19, recovery, fintech, spend management, Singapore Economic Development Board, SAP Concur, travel, expense management

COVID-19 driving an acceleration in adoption of identity verification

14 Oct 2020 | Digital Identity, Security & Online Fraud

A new research from Trulioo has found that 72% of online marketplaces have increased their adoption of ID verification technology as a direct consequence of COVID-19.

Trulioo, research, online marketplaces, ID verification, COVID-19, digital services, fraud, security risks, account creation, UK, US, cyber-crime,

OakNorth Bank approves GBP 1.1 bln in new loans

13 Oct 2020 | Payments General

UK-based OakNorth Bank has approved GBP 1.1 billion in new loans to support UK businesses through COVID-19, including over GBP 400 million through the CBILS and the CLBILS. 

OakNorth Bank, loans, UK, United Kingdom, businesses, covid-19, CBILS, CLBILS, lending, economy, Ultimate Finance, The Jade Hotel, Red Oak Taverns, Dewing Properties, Bluegem Capital Partners

India, trading partners face USD 38 bln growth opportunity, Standard Chartered report

13 Oct 2020 | E-invoicing, SCF & E-procurement

Standard Chartered has released its Trade Opportunity Report, revealing how businesses could increase exports to India by more than USD 21 billion annually.

India, trading, trade growth, Standard Chartered, Trade Opportunity Report, exporter, bilateral trade, trade opportunity, COVID-19, US, Malaysia, Indonesia, Singapore, UK, ASEAN, Thailand, Vietnam, South Korea, France, Germany

Walmart, Flipkart make additional investment in Ninjacart

13 Oct 2020 | Ecommerce

Walmart and Flipkart have announced a fresh round of investment in Ninjacart, the supply chain platform that connects farmers of fresh vegetables and fruits with kiranas and businesses.

Walmart, Flipkart, investment, Ninjacart, kiranas, India, retailers, COVID-19, delivery, Supermart, Flipkart Quick, e-grocery

UnionPay launches a QR code payment solution to help retailers in Australia and New Zealand

12 Oct 2020 | Mobile Payments

UnionPay has launched UnionPay QR code payment technology to merchants in Australia and New Zealand.

UnionPay, UnionPay QR code, merchants, Australia, New Zealand, merchant, mobile payments, COVID-19, cardholders, scan&go, e-wallet, retailers

IFC, Union Bank to boost access to trade finance in Nigeria

12 Oct 2020 | E-invoicing, SCF & E-procurement

IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business and enable increased international trade for Nigeria.

Nigeria, IFC, Union Bank, trade finance, Covid 19, financing, SMEs, letters of credit, trade-related promissory notes, guarantees, bonds, advance payment guarantees