Category: Archive | Page 28

GDPR: New European Data Protection Rules Bring Changes for PFs

Payment facilitators doing business in Europe have work to do, if they’re going to be ready for the new data privacy rules that will be effective in May.

Google Launches Google Pay; NMI Acquires Creditcall: News Roundup

Google has launched its new Google Pay app, and NMI is expanding its omnichannel capabilities for ISVs and others with its acquisition of Creditcall. And in other news, Indian ecommerce leader Flipkart challenges Amazon with talks of a Walmart investment while the U.K.’s FCA reveals plans for a global regulatory sandbox.

YapStone Raises $71 Million, Funding Geographic and Product Expansion

Leading payments provider and payment facilitator YapStone announced this week that it had raised $71 million in a recent funding round.

PF Payroc Doubles Its Size with Integrity Payment Systems Acquisition

U.S.-based merchant services provider Payroc announced last week that it had acquired Integrity Payment Systems, a full-service acquirer and processor that also operates as a payment facilitator.

Payment Facilitator Platform: A Prerequisite for Success

The payment facilitator model is gaining credibility across the marketplace with three independent companies set to launch PF platforms and related functionalities in an effort to grow and accelerate their business reach.

In Seven States, Money Transmitter Licensing Just Got a Little Easier

Trying to get all 50 states to do anything exactly the same way may be an exercise in futility. But agreement on at least some things could still provide some relief for payment facilitators who are burdened with navigating the state-by-state patchwork of money transmitter licensing.

eBay-Adyen Partnership a Move to “Deepen Customer Relationships”

Marketplace giant eBay announced last week that it is replacing PayPal with Dutch payments provider Adyen as its payments partner in what it calls a “transition to full payments intermediation.”

Grab and Samsung Collaborate to Drive Digital in Southeast Asia

Grab and Samsung have partnered together to enhance digital inclusion efforts across Southeast Asia. And according to the press release, this collaboration benefits everyone from the customer to the driver.

PCI PIN Change Is A PF Micromerchant Gamechanger

There’s one bright spot to the payments industry being encased in a massive overly complex, glacially slow bureaucracy, with certification approval times approaching eons. That bright spot is that fixing even one tiny element of the process can have a tremendous impact.

Egypt’s Central Bank Takes Leadership Role for Financial Inclusion with QR Codes

The Central Bank of Egypt is getting behind QR codes as a way to increase financial inclusion in that country. The bank is issuing new standard acceptance criteria that will create a structure to enable acceptance of QR codes across mobile payments systems.