Company Statements
Cards & Payments
Verrency introduces ‘pay later’ feature on payments API
Global payment innovation company Verrency announced the launch of a new product feature "Pay Later" on its payment innovation API platform for banks and card issuing processors.
Installment payment (or "Buy Now Pay Later") solutions are the fastest-growing digital payment...
Cards & Payments
Mastercard and EedenBull extend European co-operation pact
Mastercard and licensed e-money institution, EedenBull, have announced an extension of their strategic partnership in the European Economic Area.
Mastercardβs ongoing support will enable the continued growth of EedenBullβs operations in Oslo and Edinburgh, and its innovative spend management platform...
Company Statements
HSBC UK offers digital cheque scanning for businesses to reduce trips to branches
HSBC UK has launched digital cheque deposits for business customers to help reduce visits to branch as social distancing measures remain in place to stop the spread of COVID-19.
The bank fast-tracked plans to implement the service to enable business...
Cards & Payments
Wirecard and Stocard collaborate to launch mobile payment feature and drive contactless payment adoption
Aschheim (Munich). Wirecard, the global innovation leader for digital financial technology, is collaborating with Stocard, the leading mobile wallet and one of the largest B2C European FinTechs, to launch a new mobile payment feature in the Stocard app. The...
Asset Management
Schwab completes asset acquisition of USAA’s investment management company
The Charles Schwab Corporation announced that it has completed its acquisition of the assets of USAAβs Investment Management Company and has transitioned the underlying brokerage and managed portfolio accounts to Schwab. As announced in July 2019, the companies have...
Banking
EBA says Covid-19 is placing unprecedented challenges on EU banks
The European Banking Authority (EBA) published today a preliminary assessment of the impact of COVID-19 on the EU banking sector. With the global economy facing unprecedented challenges, banks entered the health crisis with strong capital and liquidity buffers and...
Company Statements
Valmark Financial Group launches Life Insurance Fulfillment Tool (LIFT)
Valmark continues its rich history of innovation in the life insurance industry by expanding its toolkit for independent insurance and financial professionals. Its newest offering, the Life Insurance Fulfillment Tool (LIFT), is focused on making the process of buying...
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