NEW YORK, NY and BOSTON, MA- ( Press Release) - Cayan, The Payment Possibilities Company™, and CardFlight, a top mobile point of sale (POS) technology provider, announced an agreement to offer EMV-ready mobile payment acceptance solutions to Cayan partners and merchants. As part of the partnership, Cayan will offer CardFlight's SwipeSimple...
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The FinTech industry has always been in the eyes of VCs and investors. The already established FinTech players have started taking major steps in order to engage with emerging technologies. Cloud technology and open-source software have lowered the entry level barriers, thereby causing a rapid increase in the establishment of...
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A 2015 research report on the smartphone industry in the US states that 64% or two-thirds of Americans have a smartphone. This is indeed a 35% rise in the past 4 years. What does this indicate? It not only indicates the increased usage and reliability on smartphones for internet browsing...
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SWIFT’s Sibos, one of the biggest events in the financial services industry roared from the Lion City, Singapore this year. The last time Singapore met Sibos was in 2003. As Singapore celebrates 50 years of independence this year, it welcomed Sibos 2015 with the largest setting ever in the Asia-Pacific...
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Blockchain technology company Coinprism has released Openchain, an open source distributed ledger, targeting financial institutions. Here is a quick summary of the features of Openchain published in the press release: Instant confirmation of transactions No mining fees Extremely high scalability Secured through digital signatures Immutability: Commit an anchor in the...
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Contactless payments saw a big advancement with such companies like Apple and Samsung developing the technology. However, there is another major market player emerging in the same sector. Sony is taking over the Asian market of contactless payments with its FeliCa contactless IC card technology. As stated on the official...
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Oberthur Technologies (OT), a leading player in digital security solutions for the mobility space owned by Advent International, has announced it plans to list on Euronext Paris before the end of 2015. As a result, the company expects to exceed 1 billion euros ($1.13 billion) in sales. After the company...
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Belgian company Features Analytics will be present at the Money 20/20 startup exhibit hall this October in Las Vegas. Co-founder and CEO Cristina Soviany will present the new Features Analytics’ eyeDES 4.0 machine learning solution. The eyeDES platform for scoring risk and fraud is equipped with powerful automatic model retrain...
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In the payments and FinTech space, there are high end and secure financial solutions on one side and there are data breaches and fraud on the other side. No matter how secure a solution is, hackers find a way to enter the system and hack it. To prevent such fraud...
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LTP has been at the forefront of putting a spotlight on the #Cashless conversation. Mehul Desai’s new book, August of Money - The Quest for Cashless Society, was recently published by LTP Studio. In this article we will try to understand, in brief and pragmatically, how a society can move...
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In recent articles in the series on credit unions, we have provided an overview of the industry as well as the definition of digital transformation and hallmarks of credit unions that might serve as a barrier to the transformation. However, we cannot fully assess credit unions without comparing them to...
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We have witnessed some prominent partnerships established among players in the payments industry. There are many reasons behind one company joining hands with the other. The number of nodes (and complexity) in the payments ecosystem makes it necessary to strike partnerships to get things done. The payments industry welcomes a...
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