Latest news with #ElectronicPaymentsInternational
Yahoo
a day ago
- Business
- Yahoo
Lemonway buys e-commerce payments firm PayGreen
French payment institution Lemonway has acquired compatriot PayGreen, an e-commerce payment solutions provider, for an undisclosed sum. The acquisition is aimed at expanding Lemonway's services in the e-commerce space, complementing its current focus on marketplaces and third-party payment processing. Set up in 2016, PayGreen has carved out a niche in the restaurant, tourism, and leisure sectors. The Rouen-based firm offers payment solutions, including the acceptance of meal vouchers and holiday cheques. It also provides tools for online carbon emission calculation and a "round-up" feature that allows customers to donate to charitable projects or offset carbon emissions with each transaction. PayGreen's 11 employees, which includes its three co-founders, will join Lemonway to form its new e-commerce department. With Lemonway's status as an ACPR-regulated payment institution, it will also take on the role of PayGreen's payment service provider (PSP), facilitating the company's access to the broader European market. PayGreen CEO and co-founder Etienne Beaugrand said: 'This acquisition by Lemonway is a tremendous opportunity for us to accelerate our development at the European level. 'It was essential for us to join a French player sharing our values to build together a sovereign European payment champion. Our clients will now benefit from a more robust infrastructure and complementary expertise, giving them access to a complete payment ecosystem.' The transaction brings to Lemonway a transaction volume of €20m, with €726m generated in payments since its inception, along with a business that is 'EBITDA break-even'. Lemonway founder and CEO Antoine Orsini stated: 'This acquisition fits perfectly with our trajectory and ambition to become a key payment player in Europe. PayGreen's e-commerce positioning is highly complementary to ours. The combination of the two businesses will greatly enhance our customer offering.' Lemonway currently operates across approximately 20 countries, serving over 400 platforms. "Lemonway buys e-commerce payments firm PayGreen " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
5 days ago
- Business
- Yahoo
Mastercard and PayPal collaborate to ease checkout
Mastercard and PayPal have forged an alliance, aiming to offer more choice at the checkout for users. The initiative aims to offer consumers a unified payment credential that can be used across various shopping platforms, both online and in-store. One Credential, developed by Mastercard earlier this year, is a system that allows consumers to use a single payment credential to access multiple payment methods. The payment giants seek to simplify the checkout process by reducing the need to manage several cards or payment options. The partnership will focus on jointly developing new features that utilise the capabilities of One Credential. These enhancements are designed to expand the payment choices available to consumers and for more personalised payment experiences. The system is expected to assist PayPal users in transitioning between different types of payment methods, such as moving from debit to credit or instalment-based payments. Mastercard is currently deploying One Credential as a global network-level feature, enabling financial institutions to offer this payment flexibility to consumers at a larger scale. The collaboration between Mastercard and PayPal builds upon existing payment solutions, including the PayPal Debit Mastercard and PayPal Business Debit Mastercard. PayPal partnerships SVP Chris Sweetland said: "We are excited for the opportunity to innovate together with Mastercard. We both want to reduce friction for consumers and bring them more power over how they pay.' Mastercard chief consumer product officer Bunita Sawhney stated: 'We're excited to empower consumers with more choice and control over how they pay together with PayPal, building on our collective strength of global payments innovation. With One Credential, we're delivering the personalised digital experiences that build consumer confidence and trust.' In February, PayPal introduced a new merchant platform, PayPal Open, which integrates all its merchant offerings under one platform. "Mastercard and PayPal collaborate to ease checkout " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Mastercard and PayPal collaborate to ease checkout
Mastercard and PayPal have forged an alliance, aiming to offer more choice at the checkout for users. The initiative aims to offer consumers a unified payment credential that can be used across various shopping platforms, both online and in-store. One Credential, developed by Mastercard earlier this year, is a system that allows consumers to use a single payment credential to access multiple payment methods. The payment giants seek to simplify the checkout process by reducing the need to manage several cards or payment options. The partnership will focus on jointly developing new features that utilise the capabilities of One Credential. These enhancements are designed to expand the payment choices available to consumers and for more personalised payment experiences. The system is expected to assist PayPal users in transitioning between different types of payment methods, such as moving from debit to credit or instalment-based payments. Mastercard is currently deploying One Credential as a global network-level feature, enabling financial institutions to offer this payment flexibility to consumers at a larger scale. The collaboration between Mastercard and PayPal builds upon existing payment solutions, including the PayPal Debit Mastercard and PayPal Business Debit Mastercard. PayPal partnerships SVP Chris Sweetland said: "We are excited for the opportunity to innovate together with Mastercard. We both want to reduce friction for consumers and bring them more power over how they pay.' Mastercard chief consumer product officer Bunita Sawhney stated: 'We're excited to empower consumers with more choice and control over how they pay together with PayPal, building on our collective strength of global payments innovation. With One Credential, we're delivering the personalised digital experiences that build consumer confidence and trust.' In February, PayPal introduced a new merchant platform, PayPal Open, which integrates all its merchant offerings under one platform. "Mastercard and PayPal collaborate to ease checkout " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Payments firm Spayce deploys ThetaRay's AI monitoring solution
Cross-border payments platform Spayce has partnered with ThetaRay to implement Cognitive AI transaction monitoring in its payment infrastructure. The collaboration aims to address the complexity of financial threats and enhance payment security globally. The integration of ThetaRay's monitoring solution is designed to improve Spayce's financial crime detection capabilities. By analysing transaction data, the system can detect suspicious activities and expose intricate financial crime schemes. Spayce, serving a wide range of clients in over 200 countries, is expected to benefit from this 'AI-first' strategy by strengthening its compliance framework. The partnership promises to provide Spayce with visibility into transaction flows, maintaining the integrity of transaction speed and customer experience. ThetaRay CEO Peter Reynolds said: 'Financial crime is evolving rapidly, and the technology used to combat it must evolve even faster. Our partnership with Spayce unites robust payment infrastructure with ThetaRay's Cognitive AI to deliver proactive risk mitigation, greater transparency, and the trusted cross-border transactions needed to power global growth.' Spayce partner and co-founder Debra LePage stated: 'As Spayce expands its global payments capabilities, security and AML compliance remain at the core of our mission. Partnering with ThetaRay empowers us to stay ahead of increasingly sophisticated financial threats, while continuing to deliver seamless, trusted payment experiences for our customers worldwide.' Spayce's platform, which facilitates vendor payouts, global payroll, eCommerce settlements, and real-time B2P and B2B payments, operates through its existing APIs, hosted checkout solutions, and merchant portal. "Payments firm Spayce deploys ThetaRay's AI monitoring solution " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
03-06-2025
- Business
- Yahoo
Visa launches pay by bank solution in UK
Visa has introduced its new 'pay by bank' solution, Visa A2A, in the UK, designed to make bank transfer payments 'safer and smarter'. Visa A2A aims to provide a more secure method for managing bill and subscription payments through consumers' banking applications. It introduces Visa's consumer protection guidelines for bank transfer transactions, ensuring users can reclaim funds in the event of transaction errors. The service facilitates businesses with 'near real-time' transaction settlements and providing enhanced data for payment reconciliation. Additionally, businesses will receive notifications regarding changes or cancellations in payment authorisations. The open model of Visa A2A seeks to encourage collaboration among banks and industry partners, thereby promoting the expansion of open banking-enabled payment solutions for businesses. Following the initial rollout focused on bills and subscriptions, Visa plans to incrementally introduce A2A for ecommerce payments in the UK. The upcoming ecommerce solution will allow customers to authorise payments directly from their bank accounts, streamlining the checkout process with a one-click purchase experience. Visa UK and Ireland managing director Mandy Lamb said: 'The UK has spearheaded innovation in financial services for many years, and in light of increasing fraud and international competition, we must continue to lead the way. 'We are proud to be working with our partners to deliver a state-of-the-art pay by bank experience, coupled with Visa's best-in-class consumer protections. 'Visa A2A is a game-changer – it means for the first time UK consumers and businesses using pay by bank will benefit from a similar level of protection typically associated with card payments.' Last month, the payments firm announced the availability of Visa AR Manager in the US, a solution aimed at automating the virtual card transaction process to support and preserve existing card transaction volumes. "Visa launches pay by bank solution in UK " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
