Latest REAL TIME PAYMENTS News: Finextra Research

ICBC, Alibaba and Ant Financial strengthen fintech partnership

Giants in their own right, ICBC - the world's largest bank in terms of assets - will work with Alibaba and Ant Financial by leveraging their collective expertise in electronic payment settlement and cross border finance to promote the wider use of digital technology in financial services.

16 December 2019

Company update/payments

IBanFirst acquires German FX startup Forexfix

After establishing itself in the Netherlands last month, iBanFirst, global financial services provider delivering solutions across banking borders, today announced the acquisition of Forexfix, a German foreign-exchange start-up based in Berlin with clients across Germany, Austria and Switzerland. As a result, Forexfix’s customers will benefit from iBanFirst’s award-winning online platform, a single interface to receive and make cross-border payments, hedge foreign exchange risks and finance their international growth. This takeover is instrumental in iBanFirst’s change of scale and contributes to the 5 billion euros in payments processed for its more than 3 000 clients this year.

11 December 2019

Company update/payments

Flywire and iSAMS integrate to simplify reconciliation for schools

Flywire, a provider of vertical payment and receivables solutions for businesses and institutions, today announced a new integration partnership with iSAMS, a 100% web-based school management and integrated accounting solution. Flywire will integrate its comprehensive payment and receivables platform for Education with the iSAMS iFinance solution, streamlining international payments for K-12 students and their families while simplifying reconciliation for schools.

11 December 2019

Company update/REAL TIME PAYMENTS

Super Processor signs for TAS USA card payments platform

TAS USA Inc., part of TAS Group, a global provider of digital payments software, today announced that it has signed a deal with Super Processor Inc., a full-service payment processor based in Hawaii, to provide its end-to-end card payments platform, CARD 3.0 I.E., and deliver innovative issuing and acquiring functionalities to cover the entire payments value chain.

09 December 2019

News/REAL TIME PAYMENTS

Swift Operations Forum Europe 2019, Amsterdam - Day 2 report

With the accelerating pace of transformation in financial services, day two of SOFE 2019 explored the direction of travel financial institutions should embark on in order to thrive in this new world.

29 November 2019

News/payments

P27 Momentum: 5 key takeaways

Payments professionals came together at the Grand Hôtel in Stockholm this week for NextGen Nordics: P27 Momentum. While Sweden has become a pioneer for the cashless society, as the first real-time and batch multi-currency platform, P27 is expected to revolutionise the future of payments. Here are the five key takeaways from the event ahead of the launch in early 2021.

29 November 2019

News/REAL TIME PAYMENTS

Swift Operations Forum Europe 2019, Amsterdam - Day 1 report

Financial services innovation and how industry participants can keep up with ecosystem culture were two of the key themes on day 1 of the Swift Operations Forum Europe (SOFE) 2019.

28 November 2019

News/payments

P27 Momentum: Collaboration is crucial for cross-border payments

Driving community discussion on P27, payments professionals from across the Nordic region are gathering in Stockholm for NextGen Nordics: P27 Momentum to reflect on how this project will deliver a pan-Nordic clearing platform to settle domestic and cross-border multiple currencies.

26 November 2019

News/cloud

How does cloud democratise consumers in banking and payments?

In banking and payments, much is discussed about the end retail customer experience. We often read about B2C or even B2B2C payments, mostly because mobile devices have extended well beyond simple communication.

15 November 2019

News/REAL TIME PAYMENTS

Will trust woes undermine Open Banking under PSD2?

In a roundtable discussion held Wednesday in London hosted by digital payments firm PPRO, industry leaders met to explore the impact PSD2 has imposed on key players in Open Banking and the changes needed to achieve the regulation’s objective in 2020 and beyond.

06 November 2019