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Newswire Summaries

Five Star Bank Partnering with Corserv to Offer Credit Cards

Friday, July 03, 2020 — 16:26:25 (EDT)

ATLANTA (PRWEB) JULY 02, 2020 Corserv, a company that empowers Banks and Fintechs with payment programs, announced today that Five Star Bank has partnered with Corserv to offer credit cards to consumer, business, and commercial customers. “With Corserv’s credit card program, Five Star Bank now offers competitive credit cards and is able to make the credit decisions especially for our relationship customers,” said Krista Snelling, Executive Vice President, Chief Operating Officer and ...

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XTM Onboards the 251st Franchised Salon - Integrates With POS Software for Instant Payouts to Salon Stylists

Friday, July 03, 2020 — 16:12:23 (EDT)

TORONTO and MIAMI, Fla., July 3, 2020 /PRNewswire/ - XTM, Inc. ("XTM" or the "Company") (CSE: PAID) (FSE: 7XT), a global fintech company providing mobile banking and payment solutions around the world is pleased to announce that it has onboarded the 251st franchised salon to deliver a cashless ecosystem for franchisees and their staff. XTM's automated data collection solution, integrated with the salons' point-of-sale platform, is now paying out instant/daily cashless gratuities to stylists from...

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Wirecard insolvency leaves third-party service providers in uncharted territory

Thursday, July 02, 2020 — 17:18:56 (EDT)

Vilnius, Lithuania -- July 2nd, 2020 -- Just recently, the payments market was struck by surprise, when Wirecard entered insolvency proceedings, as, upon audit, the industry-leading payment processor revealed to have a 1.9 billion dollar gap in its balance sheet. Following the developments concerning the parent company, Financial Conduct Authority (FCA) enforced its subsidiary in the UK to temporarily “cease all regulated activity” and freeze all currently held assets. Often referred to as t...

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People's United Bank Bolsters Suite of Treasury Management Technology with Integrated Payables and Invoice-to-Pay Solutions

Thursday, July 02, 2020 — 16:00:10 (EDT)

BRIDGEPORT, Conn., July 1, 2020 /PRNewswire/ -- People's United Bank, N.A., a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), has expanded its Treasury Management Payment offering, partnering with FIS and MineralTree to bring to market two best-in-class AP Automation solutions that will replace traditionally paper-based processes with simple, secure digital capabilities for Commercial Banking clients. These additions are part of People's United's strategy to augment the client expe...

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CoinPayments Selects Goodwin Procter LLP as Law Firm of Record, Targets Regulated Markets for Expansion & Increased Transparency

Thursday, July 02, 2020 — 15:59:04 (EDT)

GEORGETOWN, Cayman Islands, July 2, 2020 /PRNewswire/ - CoinPayments, the world's leading cryptocurrency payments processor, today announced its selection of Goodwin Procter LLP as its law firm of record. During the initial phase of the engagement, Goodwin will assist CoinPayments in its efforts to expand into regulated markets while driving increased transparency "Goodwin's work at the intersection of fintech, cryptocurrencies and traditional finance is a perfect fit for our growth plans ," ...

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FinTech Company Revenued Announces Acquisition of Sky Bridge Business Funding to Offer Future Business Financing Solutions

Thursday, July 02, 2020 — 15:58:35 (EDT)

JERSEY CITY, N.J., July 2, 2020 /PRNewswire/ -- Revenued, a financial technology company founded in 2018, announced today the acquisition of Sky Bridge Business Funding, a small business financing company founded in 2017, to further establish the company's vision of helping small businesses have access to the tools and solutions needed for growth. Sol Lax, CEO of Revenued, says "Revenued has established itself as a leading provider of financial technology, most recently providing the applicat...

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Surf Bank Selects Paygilant to Prevent Fraud, Enhance Customer Experience and Reduce Friction

Thursday, July 02, 2020 — 15:58:12 (EDT)

NEW YORK and TEL AVIV, Israel, July 2, 2020 /PRNewswire/ -- Paygilant, the mobile payments fraud-prevention and authentication solution provider, announced today that Brazilian Surf Bank Brazil, has chosen Paygilant to secure its digital bank. Paygilant will secure the Surf Bank digital payment account from mobile fraud and ensure a frictionless experience for its customers. Surf Bank is a mobile-based digital bank and a microfinance Institution, which enables its customers to pay bills, tran...

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F1 Payments Earns Top Honors as Austin, Texas Employer

Thursday, July 02, 2020 — 11:40:46 (EDT)

AUSTIN, Texas, July 2, 2020 -- (Business Wire) -- F1 Payments, a fintech company focused on increasing business velocity for all constituents in the payments ecosystem, has been recognized for its extraordinary workplace culture, earning the No. 1 ranking for small companies with 15 to 99 employees on the prestigious 2020 Best Companies to Work for in Texas list. The company was also recently named to the 2020 Best Places to Work (BPTW) in Austin list, earning the No. 9 spot in the small company...

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SEON - SMES let down up to 6500 times a day by current fraud prevention measures

Thursday, July 02, 2020 — 08:28:06 (EDT)

London, 30th June 2020: SEON, the fraud fighters, today announce new insight into the scale of the cybercrime problem UK SMEs face, estimating that there may be as many as 6,500 preventable cybercrimes committed against UK SMEs every day. Businesses have performed a mass migration to working online and this is directly responsible for the 50% spike in internet usage across Europe seen by Vodafone[1]. This increased usage, combined with consumer uplift for all things digital and a desperation ...

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ETA Welcomes the Modernization of Trade Relations Between the United States, Mexico and Canada as the USMCA Enters into Force

Wednesday, July 01, 2020 — 14:33:37 (EDT)

Washington, D.C. – July 1, 2020 – The Electronic Transactions Association (ETA), the global trade association for the payments technology industry, welcomes the modernization of trade relations between the U.S., Mexico and Canada as the United States-Mexico-Canada-Agreement (USMCA) comes into force today. “ETA and its members applaud the USMCA entering into effect today - a milestone in North America's trade partnership.” said Jodie Kelley, CEO of ETA. “This trilateral trade agree...

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