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August 6, 2021
On the wires
Fiskl and GoCardless Partner to Help Small Businesses Take Direct Debit Payments Globally
“Fiskl , the global mobile-first financial management and accounting solution, today announced a partnership with GoCardless , a leader in account-to-account payments, and the launch of recurring direct debit payments for Fiskl customers. The partnership between Fiskl and GoCardless delivers to small business customers the most reliable payment method for automated invoices. GoCardless will significantly reduce failed transactions as it eliminates common pitfalls associated with card payments, such as card changes or expiry issues, by leveraging the bank transfer system. For international payments, Fiskl small business customers benefit from favourable and transparent exchange rates, supported by the GoCardless-Wise partnership.”
July 6, 2021
On the web
Emirates spearheads airline industry attack on credit card fees
FT
“Emirates is leading a charge by airlines to escape the hefty payment processing fees levied by the credit card industry, after the carrier became the first to adopt a rival system developed by Deutsche Bank. The Dubai-based carrier has implemented a long-delayed scheme for electronic real-time payments for tickets devised by the German lender on behalf of the International Air Transport Association, the airline industry’s trade body. The scheme enables real-time payments from customers who book tickets on the Emirates website, with the money transferred directly to the carrier without the involvement of third-parties. The aim for Emirates and other airlines is that customers opt to use it rather than pay with credit cards such as Visa and Mastercard.”
June 3, 2021
On the wires
AppBrilliance Unveils ‘Push-to-Business’ Digital Payments Model; Solidifies Leadership with Strategic Appointment of Steve Mott to Advisory Board
“AppBrilliance , an Austin-based payments technology company, today revealed its strategic vision with its new Money API-powered, Push-To-Business (P2B) payments model, which upends the decades-old traditional model and shifts power back to the merchant when it comes to payments fees…AppBrilliance’s patented technology and non-custodial direct-payment APIs enable instant and secure account-to-account “push” payments to consumers’ favorite businesses. Push-to-Business (P2B) payments technology leverages the P2P payment rails in place today that are accessible to 100M+ US account holders through their bank. Unlike other bank payment technologies, AppBrilliance never manages or stores user credentials, banking data, or funds.”
March 17, 2021
On the web
Trustly tests appetite for IPO to cash in on fintech boom
FT
“Trustly will test investor appetite in the coming weeks for an initial public offering that could value the Swedish payments start-up at $11bn or more. The fintech group offers consumers the ability to pay for goods and services online directly from their bank accounts, rather than using card networks like their rivals Stripe and Klarna. As a result it claims it can offer merchants a lower fee and retain a higher share of that fee itself by cutting out the middlemen such as card issuers and banks.”
August 30, 2018
On the web
Kony partners with Payveris on digital money movement
Banking Technology
“Texas-based Kony will integrate with Payveris’ open-API, cloud-based money movement technology, adding new functionality to its recently-launched Kony DBX digital banking experience platform and application suite.”
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