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Worldline obtains its “pan-European” Third Party Provider (TPP) license
Worldline has obtained two new licenses, linked to the PSD2, from the National Bank of Belgium enabling the company to become a Payment Initiation Service Provider (PISP) and an Account Information Service Provider (AISP). These licenses will be immediately extended to the other countries in the European Economic Area. The purpose of the revised Payment [...]
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Ant Financial fights back from MoneyGram disappointment with rival blockchain remittance service
After the disappointment of US regulators blocking its purchase of MoneyGram, Ant Financial has taken a step towards dramatically lowering the cost of remitting money overseas in a move that will, in its initial stages, help the hundreds of thousands of Filipinos working in Hong Kong, who collectively remit about HK$4.4 billion ($561 million) annually [...]
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Cloud scalability seduces the financial sector – but there are challenges
The financial sector, while forging ahead in other areas of digital transformation, has been relatively slow to adopt the cloud and there has been good reason for it: banks have to deal with highly sensitive data and sharing data storage and compute resources with others could not even be envisaged, let alone adopted. However, just [...]
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3C Payment launches Pan-European retail payment solution for WHSmith
3C Payment has announced further enhancement of their retail proposition through successful roll out of an integrated payment solution with WHSmith. With the continued expansion of their International travel sites, WHSmith needed a flexible, tried and tested payment provider, who could provide a standardized cross-border Pan European solution. In addition, WHSmith needed a partner who [...]
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Ripple claims positive initial results from xRapid pilots
Ripple has announced aggregated and averaged results from several early xRapid pilots. xRapid is Ripple’s on-demand liquidity solution which uses the digital asset XRP for more efficient cross-border transactions between financial institutions sending fiat payments. According to the pilot results, participating financial institutions saw a savings of 40-70% compared to what they normally pay expensive [...]
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