BankTech

12 Cloud and SaaS based Core Technology providers in the Payments space

SaaS and cloud-driven platforms are bringing new online account opening, mobile banking, personal financial management, bill payment and loan origination products to banks. Cloud computing technology has started providing smart and efficient solutions to accounting professionals by providing subscription based Accounting and Tax software using SaaS (Software-as-a-Service) business model. I...

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Payments

Medical Research Charity 'Sparks', Witnesses Mobile Payments via Personalized QR Codes thanks to Barclays and Checkprint

London based Barclays and Checkprint (part of the TALL Group of Companies, the UK leader in the provision of secure paper and payment solutions), have collaborated to bring a unique payments model to 'Sparks', a medical research charity. Checkprint has created as well as applied uniquely personalized 2-D QR codes...

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Blockchain

The Virtual Currency Industry is to be Regulated in Singapore

On 13th March 2014, Singapore's Central Bank announced its plans to begin regulating virtual currency intermediaries such as bitcoin exchanges and vending machines. This move was made in order to address concerns regarding the possible use of virtual currencies for illicit transactions. Singapore follows USA as only the second country...

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Payments

Lets Understand in a simple way how First Data, Ingenico and Verifone performed Financially

Verifone (Profitability Concerns in Short Term)  Revenue increased by approx 15% over last five years driven by the growth in company’s European software maintenance and extended warranty services, business acquisitions, and increased repair volumes Revenue increased by approx 14.3% in last two years driven by acquisitions of new businesses, launch of...

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Authentication & Security

Mobile Payments Process for Tencent and Alibaba comes to a Standstill after Central Bank of China Suspends their Operations

China's mobile payment market recorded $199 Billion in transactions in 2013, according to Beijing-based firm iResearch. On 14th March 2014, China's central bank demanded that payments made by scanning a bar code with smartphones be suspended temporarily. This move struck the payment arms of Internet companies Tencent and Alibaba Group...

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