Payments

Oracle Transforms Payments and Transaction Banking in the Cloud

TORONTO, Sept. 18, 2023 /PRNewswire/ — Sibos — Oracle today expanded its Oracle Banking Cloud Services portfolio to help banks quickly launch comprehensive transaction banking offerings spanning cash management, liquidity management, and virtual account management. Together,…

Owners Bank Unveils Credit Card for Small Businesses

Owners Bank, a new digital bank created to cater to the needs of small business owners, has launched a business credit card. This product aims to address the common challenges…

Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit

LONDON/NEW YORK, Sept 4 (Reuters) – Barclays Plc (BARC.L) is exploring the sale of a stake in the unit that processes payments for UK merchants as the British bank seeks a partner…

Paytm’s Sharma open to increasing stake in Indian payments firm

BENGALURU, Sept 4 (Reuters) – Paytm (PAYT.NS) founder Vijay Shekhar Sharma said on Monday he is open to increasing his stake in the Indian fintech firm if there are sellers, weeks…

BMO Launches Mobile Wallet for Virtual Cards with Mastercard and Extend

BMO pairs the efficiency and security of virtual cards with convenience of contactless payments for Commercial Banking clients in the U.S. and Canada BMO is the first global Mastercard issuer to…

Alipay+ Partners PayNet to Promote Seamless Payment for Inbound and Outbound Malaysian Travellers

The partnership will expand cross-border payment acceptance at 1.8 million merchants in Malaysia with five leading Asian e-wallets as the first batch, anymore to come in the following months The…

FSS launches Future-Ready Payments Technology Platform BLAZE for banks

BLAZE is designed to meet the growing need for scalability and security among financial institutions A one-stop, domain-agnostic technology platform to meet end-to-end future banking need Financial Software & Systems…

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Nuvei offers APAC’s online traders instant cash-outs via Mastercard Send™

SINGAPORE and MONTREAL, Aug. 28, 2023 /PRNewswire/ — Canadian fintech company Nuvei (Nasdaq: NVEI) (TSX: NVEI) and Mastercard today announced that they will enable near instantaneous payout capabilities for online trading platforms and investors in the Asia…

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Swift’s cross-border payments processing speed surpasses G20 target

 89% of cross-border payments are processed over Swift within an hour, placing its transaction speed ahead of the G20’s end-to-end target of 75% by 2027 Fast in-flight processing and greater…

Bank of England outage hits key payments systems processing £1 trillion every day

The Bank of England was hit by an outage on Monday, shutting down a vital system that processes around £1 trillion in transactions every day. The technical issue affected the real-time gross…

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