Payment system

Ziraat Bank, one of the largest banks in Turkey, has signed a cooperation agreement with JCB

Retrieved on:

Wednesday, October 27, 2021

Online, JCB Co., Ltd., Travel, Motivation, JCB, Partnership, Growth, Payment system, Bank, Payment card

TOKYO & ANKARA, Oct 27, 2021 - (JCN Newswire) - A formal partnership has been signed between JCB International Co., Ltd, the international operations subsidiary of JCB Co., Ltd, and Ziraat Bank, one of the largest banks in Turkey.

Key Points:

TOKYO & ANKARA, Oct 27, 2021 - (JCN Newswire) - A formal partnership has been signed between JCB International Co., Ltd, the international operations subsidiary of JCB Co., Ltd, and Ziraat Bank, one of the largest banks in Turkey.
This collaboration means that JCB Cards will be accepted by over 500,000 merchants in Turkey using Ziraat Bank POS devices and cash registers.
Tsuyoshi Notani, Managing Director, JCB International (Europe) Ltd., says; "Turkey is a very important market for JCB cardmembers.
Ziraat Bank continues and will continue to shape Turkey's banking sector, as it was the case in the past.

Implants, AI and the No-cash Generation – Will Payments in 2030 Be a Dystopia or a Utopia?

Retrieved on:

Thursday, October 21, 2021

By embedding ethical behaviour into transactions, the payments space can take on a unique role in incentivising both consumers and companies to be more conscious.

Key Points:

By embedding ethical behaviour into transactions, the payments space can take on a unique role in incentivising both consumers and companies to be more conscious.
Ambient commerce reigns: Payments may become increasingly invisible as we move to more ambient models of commerce such as the recent emergence of till-less grocery stores.
By 2030, this will evolve even further so there will be no cards or payments devices.
The no-cash generation: As cash disappears, there could be a generation that has never held physical money.

Webtel.mobi’s Global Payment Systems Fuse Cash and Digital Capacities – Creating a Functioning “Cashless Society” Model

Retrieved on:

Wednesday, September 29, 2021

One of these Payment Systems the ICLM Payments is ultra-low cost to use, and the other TUV Payments is completely free to use.

Key Points:

One of these Payment Systems the ICLM Payments is ultra-low cost to use, and the other TUV Payments is completely free to use.
These Payment Systems not only facilitate a Cashless Society, but have also already introduced a fully operational global Cashless Society system in a benign way.
WMs Payment Systems do not require a Central Bank issued Digital Currency or CBDC to function because WMs TUV Digital Currency itself is already the equivalent of a Global CBDC.
WMs Payment Systems synchronize, into one product, the characteristics of Cash and Digital Money with the ease of use of Cash and the safety of Digital Money.

FortisPay Acquires OmniFund, Enhancing Commerce Technology

Retrieved on:

Tuesday, September 14, 2021

Omni, CEO, Family, Technology, SMS, Payment system, Commerce, Software, LLC, Payment, Solution, Micro ISV, ERP, Acquisition, Online shopping

NOVI, Mich., Sept. 14, 2021 /PRNewswire/ -- Fortis Payment Systems, LLC (FortisPay), a payment technology leader for businesses, independent software vendors (ISVs) and developers, announced it has acquired OmniFund, whose cloud-based Payments-as-a-Platform solution is leveraged by software and enterprise resource planning ERP solutions across the country. Founded in 2005, Omni is dedicated on delivering superior commerce solutions for their software partners and business clients. The acquisition will enable FortisPay to expand its platform of offerings and capabilities while pursuing new accounts receivable and ERP initiatives. Financial terms of the acquisition were not disclosed.

Key Points:

"OmniFund has developed a full technology stack with additional commerce enablement features that will make our unified offering unmatched in our target markets.
"FortisPay offers the market a truly modern, fully integrated commerce and payment facilitation experience, and OmniFund's customized technology will further enhance their platform.
Technology is critical in the pursuit of scale and the FortisPay platform continues to excel through innovation and investment.
FortisPay provides commerce technology and merchant solutions to businesses and software developers nationwide, processing billions of dollars annually.

Foley & Lardner to Demonstrate How to Mint and Sell an NFT at a Digital Summit

Retrieved on:

Monday, September 13, 2021

Technology, Legal, Professional Services, Other Technology, Lawyer, Payment system, NFT, Cyber-security regulation, Cryptocurrency, Innovation, Non-fungible token, Foley & Lardner, Sale, Leadership, Public relations

Foley & Lardner LLP is set to become one of the first AmLaw 50 law firms to create, mint, list, sell and pursue the secondary market of an Non-Fungible Token (NFT).

Key Points:

Foley & Lardner LLP is set to become one of the first AmLaw 50 law firms to create, mint, list, sell and pursue the secondary market of an Non-Fungible Token (NFT).
We recognize the value to our clients in being an active participant in the NFT and blockchain market.
This disruptive technology is creating new channels of engagements and revenue streams for companies across numerous industries.
Foleys representative experience in NFT work includes:
Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries.

Cryptocurrency Market Size To Reach USD 4.94 Billion By 2030, Growing At a CAGR Of 12.8% - Valuates Reports

Retrieved on:

Tuesday, September 7, 2021

The global cryptocurrency market size was valued at USD 1.49 billion in 2020 and is projected to reach USD 4.94 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030.

Key Points:

The global cryptocurrency market size was valued at USD 1.49 billion in 2020 and is projected to reach USD 4.94 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030.
During the projected period, a surge in demand for cryptocurrencies among banks and financial institutions is expected to present attractive opportunities for market expansion.
The rise in need for transparency in the Payment System is expected to drive the growth of the cryptocurrency market.
Asia-Pacific dominated the cryptocurrency market in 2020, and it is projected to continue to do so during the projection period.

Global Cross-Border Payments and Remittance Services Markets to 2026 as Transaction Value is Expected to Grow from $37.15 Trillion in 2020 to $39.9 Trillion by 2026

Retrieved on:

Friday, September 3, 2021

Money, Articles, Economy, Remittance, Banking in India, Payment system, Lockbox, Blockchain, Payment processor, Unified Payments Interface, Payment and settlement systems in India

DUBLIN, Sept. 3, 2021 /PRNewswire/ -- The "Global Cross-Border Payments and Remittance Services Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, Sept. 3, 2021 /PRNewswire/ -- The "Global Cross-Border Payments and Remittance Services Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
Global remittance and cross-border payments' transaction value is expected to grow from $37.15 trillion in 2020 to $39.9 trillion by 2026.
Global PaaS is expected to reach $25.5 billion by 2026 from $7.1 billion in 2020, expanding at a Compound Annual Growth Rate (CAGR) of 23.9%.
Moreover, the rapid growth of mobile penetration across the world can be attributed to the growth of digital adoption in cross-border payments and remittance services.

Middle East and Africa Real-Time Payments Trends Report 2021 - ResearchAndMarkets.com

Retrieved on:

Wednesday, August 25, 2021

The "2021 Key Trends of the Payment Industry: Real-Time Payments in the Middle East and Africa" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "2021 Key Trends of the Payment Industry: Real-Time Payments in the Middle East and Africa" report has been added to ResearchAndMarkets.com's offering.
According to figures cited in this report, in general, the Middle East has been growing in terms of values and volumes of payments via the local Real-Time payment systems during 2020.
Nevertheless, many of their solutions are still only near real-time, and some, like Israel's Zahav, are not available 24/7.
For example, in November 2020, Namibia surpassed South Africa in terms of value per transaction made through SADC, the regional cross-border RTGS for Southern African countries.

Capital Clarity Advises Play2Pay in its $13M Series A to Globally Scale Payment Gamification

Retrieved on:

Tuesday, July 20, 2021

Financial services, Payment system, Financial capital

Play2Pay's alternative payment platform brokers a value exchange between brands and consumers, converting attention and engagement into a currency, which can be redeemed for bill payment.

Key Points:

Play2Pay's alternative payment platform brokers a value exchange between brands and consumers, converting attention and engagement into a currency, which can be redeemed for bill payment.
"Play2Pay's investors are enthusiastic about supporting a company with this kind of growth and focus," said Susan Blanco, Managing Partner of Capital Clarity.
Play2Pay is part ofthe digitization of financial services and transformation of the payment landscape that we haveseen accelerate rapidly over the past year.
Capital Clarity acted as the exclusive financial advisor to Play2Pay and Cooley and K&L Gates both provided legal counsel during the fundraise process.

Play2Pay Raises $13M Series A Led by Telesoft Partners to Globally Scale Payment Gamification

Retrieved on:

Thursday, July 15, 2021

Electronic Games, Mobile Entertainment, Mobile, Wireless, Technology, Entertainment, Articles, Economy, TeleSoft Partners, Monetization, Payment system, Trade, Online payments, Mobile payments

The alternative payment platform brokers a value exchange between brands and consumers, converting attention and engagement into a currency, which can be redeemed for bill payment.

Key Points:

The alternative payment platform brokers a value exchange between brands and consumers, converting attention and engagement into a currency, which can be redeemed for bill payment.
Play2Pay is at the sweet spot of the intersection of mobile payments, monetization and gaming, said Arjun Gupta, Chief Believer and Founder of Telesoft Partners.
The Play2Pay product creates a triple whammy winning experience: a win for consumers, a win for brands and a win for service providers.
Service providers realized up to 17% revenue expansion as a result of subscriber engagement on the Play2Pay platform.