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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Enabling Technologies

Blackhawk Network's Acquisition of Achievers Corp. To Expand Incentive/Engagement Business

Blackhawk Network, a leading prepaid and payments network, announced that it has entered into a definitive agreement to acquire Achievers Corp.  Achievers is a leading provider of employee recognition and rewards solutions designed to help companies increase employee engagement. The acquisition will broaden the reach of Blackhawk's already extensive incentive...

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Payments

MasterCard Partners With Premier Bank to Become the First International Payments Network in Somalia

With the partnership of Premier Bank, MasterCard has become the first international payments network to enter Somalia. Through the partnership, Premier Bank will issue and accept the first MasterCard-branded payment cards in Somalia which can be used for Premier Bank’s ATM withdrawals. The bank will also issue 5,000 MasterCard debit...

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Payments

2C2P Introduces Myanmar to Electronic Bill Payment

2C2P, a leading Southeast Asian (SEA) payment services provider, and Myanmar Payment Union (MPU), the national payment network of the Republic of the Union of Myanmar, have launched Myanmar’s first electronic bill payment solution, easyBills. Developed by 2C2P, easyBills is available online at easyBills.com.mm. 2C2P and MPU are providing a...

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Authentication & Security

BlueSnap Collaborates With Kount to Eliminate Fraud and Increase Sales for Online Merchants

Global payment gateway BlueSnap announced that the company has enhanced its suite of fraud prevention services by partnering with Kount, a leading provider of fraud detection and sales boosting technology. BlueSnap will use Kount’s award-winning technology to help online sellers protect their revenue, defend their reputation and increase payment conversions when...

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Blockchain

London Workshop Convenes Multidisciplinary Global Group to Develop Policy Frameworks for Blockchain Tech

LTP has covered the blockchain and cryptocurrency infrastructure comprehensively since the very beginning. From specialty mining rigs to Goldman Sachs' investments in the space, we have reported on key developments in blockchain technologies and cryptocurrencies. Now as the space continues to mature with former financial regulators becoming active participants in...

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Blockchain

Dry Run of Ripple at ANZ and WestPac Australia

Two major Australian banks have joined the Commonwealth Bank of Australia for trialling Ripple payments which has been developed by US-based company Ripple Labs. A dry run is being conducted by Westpac Banking Corporation and the Australia and New Zealand Banking Group. At present, Westpac is trailing Ripple by making...

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