Payments

Washington-Based Startup Rhombus Launches SMS-Based Payments

Rhombus, a Washington-based startup founded in 2014, has introduced a new text-to-pay service. The service offers merchants and customers a convenient way to exchange payments through SMSs. Today, in the payments industry, we witness new payments platforms being launched every other day. The new idea from Rhombus is not a...

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Lending

CUneXus Solutions Help Boost Loan Volumes

Problem identification: With the advancement of technology, the customer demand for more advanced services from financial services industry has also increased.Software developers are providing lenders with instant loan decision solutions that automate underwriting and risk-based lending procedures. These instruments act as important elements of competitive lending strategy. The current economic...

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Payments

Moving The POS From Commodity to Value Add

Electronic payment terminals have been around for three decades, yet for most merchants, they have remained remarkably one-dimensional even though, under the covers, they reflect major technology innovations. Merchants generally don’t have the bandwidth or desire to manage an increasingly complex payments environment, hence the traditional simplicity of the devices....

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Payments

Major HCE Developments by MeaWallet and Carta Worldwide

The Bancorp and MeaWallet bring open loop mobile prepaid cards that use HCE The Bancorp and MeaWallet have entered a partnership to deliver open loop mobile prepaid cards. The prepaid card will be using cloud-based security and host card emulation technology. MeaWallet’s cloud-based mobile platform will be used for issuing...

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Remittance

In India, MasterCard to Use HomeSend for Remittance Services

In February, 2015, MasterCard established a technical centre at Pune and Vadodara. The centres together represent the company's largest tech hub outside the United States. The centre plays a pivotal role in developing innovative services and solutions across the entire value chain of payment processing for India as well as...

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Lending

MarketInvoice Offers Non-Bank Capital to Small Businesses

Problem identification: For any startup, company cash flow is a matter of concern. The majority of a startup's potential clients ask for long-term payments with regard to their small suppliers. In other words, small suppliers incur costs and get paid after a time lag of a few months. The business bears...

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HCE

Verizon Ventures Invest in HCE Startup SimplyTapp

Verizon Ventures, the investment arm of US carrier Verizon, revealed that it has invested in software maker SimplyTapp. Verizon has added SimplyTapp to its portfolio by being the undisclosed lead investor in SimplyTapp’s $5.9 million Series B funding round. The company knows that HCE is the demand of the time....

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