DivideBuy BNPL in the U.K.
Among more than a dozen providers of buy now, pay later (BNPL) installment loans in the U.K. is DivideBuy, which recently moved its POS credit technology to the cloud prior to a planned expansion of its customer base.
Region: Europe
Digital Currency Update
Payment processor Jack Henry will partner with Nydig, an institutional digital asset firm, to provide crypto transactions on its Banno Digital Platform. Jack Henry services 7.1 million consumers through local and regional financial institutions.
Nethone Fraud Fighting
When the principals at Nethone began building their machine learning-based online fraud fighting platform in 2016, they recognized that future success in mitigating card-not-present losses would depend less on the approach of legacy providers—models built on massive amounts of historical data.
Sunmi Android PIN Pad
Shanghai-based Sunmi Technology, a manufacturer of POS terminals, has launched an Android-based device called the P2 Smartpad, which differs from a typical PIN pad. It is built more like a tablet or handheld mobile POS terminal.
Top 45 Merchant Acquirers in Europe
There were 11 domestic-only general purpose debit and credit card brands handled by merchant acquirers in Europe identified in our annual survey. Purchase (spending for goods and services) volume generated by domestic-only cards grew to $584.10 billion in 2021, generated by 22.36 billion transactions.
Inetco Real-Time Fraud Fighting
Before commerce was transacted on the internet, Inetco was a software company providing real-time packet switching to telecom industry clients worldwide. Since 2019, Inetco has used its real-time processing and analytics skills to detect and block payment card fraud.
Pax M8 Android POS Tablet
The fifth largest manufacturer of POS terminals worldwide has released a POS tablet called the M8 that operates on Android 11 and can run payment acceptance applications simultaneously with apps for inventory management, food and beverage ordering and loyalty/rewards programs.
Digital Currency Update
Wirex, a digital currency payment platform, launched a Visa prepaid card issued by Sutton Bank in the U.S. that will facilitate conversion of 37 cryptocurrencies from Wirex wallets at the point of sale with zero exchange fees.
Digital Currency Update
Binance, a digital currency exchange, has partnered with Contis, a payment processor, to offer Ukrainian refugees a Visa-brand debit card loaded with $75 of the stablecoin Binance USD per month, for three months. The stablecoin is tied to the U.S. dollar.
IBM Mainframes Integrate AI
With the IBM z16 platform upgrade launched this month, IBM mainframe computers, which are used by 45 of the 50 largest financial institutions worldwide for real-time transaction processing, are now integrated with Telum chips embedded with artificial intelligence (AI).
