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Blockchain analysis firm Chainalysis has acquired Alterya , an AI-based fraud detection platform focused on identifying scams before they impact victims. In 2024, Alterya identified US$10 billion in scam-related transactions and worked with clients to reduce losses and address fraud effectively.
Banking Circle, a Luxembourg-licensed bank specialising in next-generation banking services, is set to acquire Australian Settlements Limited (ASL), an authorised deposit-taking institution. The acquisition is subject to regulatory approvals and other closing conditions, marking a key step in Banking Circle s growth in the Australian market.
PSP) is pleased to announce an agreement to acquire the NCR Atleos debit card production and transaction processing business that services a number of credit unions, financial institutions and payment networks in Canada. PSP Services Inc. ” The post PSP Services Inc.
Computop , the leading German payment service provider, known for connecting large retail companies to international payment methods, is entering a new business area with payment processing for acquirers. EPI (European Payment Initiative), the operator of Wero, relies on acquiring banks for the acceptance of Wero payments.
Blockchain data platform Chainalysis has acquired web3 security solutions provider Hexagate. Blockchain data platform Chainalysis has acquired web3 security solutions provider Hexagate this week. Photo by Bich Tran The post Chainalysis Acquires Web3 Security Company Hexagate appeared first on Finovate.
Key items of the transaction Fintech Innovation AS, the parent company of Neonomics AS, has acquired 100% ownership of UK FCA authorised fintech, The Smart Request Company Limited Ltd, trading as Ordo. The transaction is fully approved by both the UK FCA and Norwegian FSA. The post Neonomics Acquires U.K.
This embedded capability allows merchants to: Accept payments in 140+ currencies Secure competitive FX rates Offer real-time pricing transparency at checkout Reduce currency risk and operational complexity Connect via a streamlined API By embedding this solution into Getnets acquiring services, merchants gain flexibility, improved revenue potential, (..)
Klap , one of Chiles fastest-growing acquiring networks, has achieved a significant milestone by launching Visa and Mastercard acquiring services in partnership with BPC , a global leader in payment solutions. Through this transition, Klap is now one of the few players in the region fully equipped to lead in modern acquiring.
BPC , a global leader in payment solutions, today announced the release of its latest report, Next-Generation Acquiring: A New Reality of the Digital-Ready Future. To remain competitive, the report emphasises the shift towards Acquiring as a Service (AaaS), reducing costs while ensuring compliance and rapid innovation.
Whilst still subject to conclusion of the detailed transaction agreements and regulatory approvals, this strategic partnership seeks to bolster efforts to modernise South Africa’s national payment system, making the payment system more secure, inclusive and efficient.
The European region presents significant growth opportunities for merchants and acquirers, with consumers increasingly seeking frictionless payment experiences. ” The post JCB Unveils a New E-book That Empowers Merchants and Acquirers to Harness Growth Drivers in the European Region appeared first on FF News | Fintech Finance.
Jingle Pay has redefined the fintech space with its proprietary AI-powered tech stack already processing over 2 million transactions and facilitating over $1 billion in international money transfers in 2024, saving customers over $6 million in fees. Jingle Pay was recently awarded the top global fintech for remittances into Pakistan. .”
(NYSE: FI), a leading global provider of payments and financial services technology, announced today that it has agreed to acquire the remaining 49.9% of AIB Merchant Services ( AIBMS ), its joint venture with AIB Group, in a transaction focused on driving continued growth in Ireland and the broader European market.
Singapore Gulf Bank is reportedly planning to acquire a stablecoin payments provider and is seeking investments to fund this move, Bloomberg reports. Featured image credit: Edited from Freepik The post Singapore Gulf Bank Eyes up to US$50 Million Funding to Acquire Stablecoin Firm appeared first on Fintech Singapore.
Today, alternative banking partner IFX Payments announces they have reached an agreement in principle to acquire Argentex Group PLC, a publicly listed FX options and electronic money institution, bringing together two established players in the UK Payments and FX space.
A credit card transaction is a process involving multiple entities, complex technology, and rigorous security protocols. This article covers the anatomy of a credit card transaction and provides insight into the technological infrastructure that supports modern commerce. Card Network Card networks route transactions between banks (e.g.,
payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry. The value chain in payment processing involves multiple parties that play specific roles in facilitating transactions. They also set interchange fees that cover transaction costs and risks.
The integration of Mambu and Numeral’s advanced payment platform will enable banks, fintechs, and non-financial service firms to seamlessly manage end-to-end payment workflows, support multiple payment methods, and provide real-time transaction capabilities.
Cloud banking platform Mambu has made its first acquisition, acquiring French fintech Numeral to enhance its payment capabilities and expand its market reach. Numerals cloud-native platform will enable Mambu to offer end-to-end payment workflows, support multiple payment methods, and deliver real-time transaction capabilities to its clients.
Robinhood has announced plans to acquire Canada-based decentralized trading platform WonderFi. Digital stock brokerage app Robinhood plans to acquire decentralized trading platform WonderFi in an all-cash deal totaling $178.56 ” Robinhood will acquire all WonderFi shares for $0.25 (C$0.36) per share. billion (C$3.57
The Rouen-based company offers payment solutions including meal vouchers and holiday cheques, as well as tools for calculating the carbon emissions of online orders and a “round-up” system that allows each transaction to support charitable projects or offset carbon emissions. A business that is EBITDA break-even.
It has been a busy few days for the Central Bank of Brazil as it announces another company has acquired a payment institution (PI) licence. Last week, PagBrasil acquired a PI licence to continue its PIX integration expansion. per cent and an IOF (financial transaction tax) of just 0.38
As part of the transaction, Shift4 is also announcing that two current shareholders of Global Blue, Ant International and Tencent, are exploring strategic partnerships with Shift4 and intend to remain shareholders in the combined business. billion enterprise value.
For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management. These six digits identify the institution that issued the card, offering key information to parties involved in a transaction. What is a Bank Identification Number (BIN)?
The companys annualised transaction volume rose from US$100 billion in August to US$130 billion just three months later, following its ARR surpassing US$500 million. This marks a 73% year-over-year increase in transaction volume. Airwallex, a global financial platform, reported significant growth in 2024.
NYSE: FI), a leading global provider of payments and financial services technology today announced that it has acquired CCV , a payment solutions provider in the Netherlands, Belgium and Germany, demonstrating continued focus on driving growth in the European market. Financial terms of the transaction were not disclosed. Fiserv, Inc.
Japans Sumitomo Mitsui Banking Corp ( SMBC ) is close to finalising a deal to acquire a 51% stake in Yes Bank, according to several sources with direct knowledge of the matter, Reuters reported. This could make it one of the largest transactions in Indias banking industry.
Leading European fintech myPOS has acquired UK-based payment solutions provider UTP Group Ltd (UTP) , reinforcing its commitment to delivering advanced payment solutions to small and medium-sized enterprises (SMEs) across the UK and Europe. To discover how myPOS’s payment solutions help the business grow, visit mypos.com.
Array , an embedded consumer products platform, has agreed to acquire embedded debt guidance solutions provider Payitoff. Terms of the transaction were not disclosed. “We acquired Payitoff because our companies have a shared vision to provide seamless, embeddable products that fuel financial progress. .
Worldpay , a global industry leader in payments technology and solutions, today announced it has entered into a definitive agreement to acquire Ravelin , an AI-native fraud prevention platform headquartered in London, UK. The transaction is expected to close in Q1 2025. Worldpays scale and reach, including processing approximately $2.5
Today’s consumers often use multiple channels to initiate, modify, and complete retail transactions, expecting all previous interactions to be considered at each subsequent step. Not all merchants have access to such acquiring services that contribute to a smooth, personalised experience across all channels.
Failure to accommodate these preferences often leads to abandoned transactions and lost revenue. It has established local acquiring capabilities across more than 40 countries and regions, including six core Southeast Asian marketsIndonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam.
To date, TrueLayer has processed over $72 billion in payments and currently more than 40% of all UK Pay by Bank transactions[1], making TrueLayer the largest Pay by Bank network in the UK. ” The post TrueLayer Hits 10 Million Consumers, Acquiring a New User Every 3 Seconds appeared first on FF News | Fintech Finance.
These recently-released findings come as eCommerce merchants process more card-not-present transactions than any other time of year. In the world of transaction disputes, a response rate measures how often a merchant challenges chargebacks by engaging in the representment process. consumers spent a record $41.1 increase from 2023.
Austin, Texas-based regtech Abrigo has acquired Integrated Financial Solutions (IFS). Terms of the transaction were not disclosed. Abrigo , a compliance, credit risk, and lending solutions provider for financial institutions, has acquired Integrated Financial Solutions (IFS). Terms were not disclosed. is growing.
Bangladesh-based bank, Mutual Trust Bank PLC , has successfully migrated its e-commerce acquiring services to a payment gateway from UK-based paytech Compass Plus Technologies. certification, ensuring secure, seamless transactions.
This document provides direction for merchants and service providers implementing controls to protect payment card data during e-commerce transactions. The PCI Security Standards Council (PCI SSC) has introduced a new information supplement: Payment Page Security and Preventing E-Skimming Guidance for PCI DSS Requirements 6.4.3 and 11.6.1.
Founded in 2020, Africhange has achieved impressive growth as a fully bootstrapped company, serving over 200,000 users globally and facilitating more than 2 million successful transactions. It also has a reliable settlement partner in Nigeria, ensuring secure processing for local transactions.
The programme will leverage Crypto.com’s recently acquired Payment Service Provider license from the Central Bank of Bahrain. The initiative is part of Crypto.com’s efforts to expand its global card programme and offer users more ways to utilize digital assets for everyday transactions.
Euroclear has acquired a strategic stake in Marketnode , a Singapore-based digital market infrastructure operator. Euroclear is a Belgium-based financial services company that specialises in the settlement of securities transactions, safekeeping, and asset servicing for bonds, equities, and investment funds.
Bill Qkr offers a secure, card-based system designed to make payments easier for merchants, acquirers, payment facilitators, and service providers through flexible options and streamlined collection processes. Bill Qkr’s launch partners are incorporating the technology to provide smoother payment options in their regions.
How Payment Processing Fees Work When a customer pays with a credit or debit card, a few parties get a cut of the transaction. Acquirer fees: Acquirer fees go to the financial institution that underwrites the credit and takes the financial risk. on credit card transactions, high-volume merchants often pay far less.
Credit card processing refers to the series of steps involved in facilitating transactions made using credit cards. The process begins from the moment the customer makes a card payment to the point when the transaction is authorized and settled. Learn More What is Credit Card Payment Processing? That adds an extra layer of security.
This empowers ISVs, enterprises, payment services providers and acquirers to seamlessly orchestrate payments across both online and physical channels. ISVs will only need to build their card-present and e-commerce payment infrastructure once, giving them access to multiple terminal devices, online check-outs and acquirers.
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