CSI globalVCard Partners with Mutual of Omaha Bank
CSI globalVCard announced that it has expanded its relationship with Mutual of Omaha Bank to provide virtual credit card and e-payment services to the bank’s corporate clients. The partnership involves CSI globalVCard integrating a white-labeled payments platform into Mutual of Omaha Bank’s website that allows the bank’s business clients to send automated, virtual payments to suppliers within seconds.
CSI globalVCard and Mutual of Omaha Bank have developed and implemented the capability to issue and process virtual card supplier payments on both the MasterCard and Visa networks. The arrangement also enables Mutual of Omaha Bank to offer CSI globalVCard paysystems integrated accounts payable (AP) technology and program management support to the bank’s corporate clients through direct referrals or via Mutual of Omaha Bank’s website.
Fiserv Completes Acquisition of Monitise plc
Fiserv has completed its acquisition of Monitise plc, further expanding its digital technology suite to enable financial institutions worldwide to meet customer expectations for innovative digital banking experiences.
The Monitise portfolio of digital solutions helps some of the world’s most trusted financial institutions design, build, run and deliver innovative digital banking experiences. Through this acquisition, Fiserv expands its suite of technologies that enable financial institutions to meet rapidly evolving consumer expectations for financial services.
Monitise technology includes FINkit, a comprehensive cloud native solution built specifically for financial institutions that want to accelerate the delivery of their digital strategies. It is designed with a services architecture enabling clients to maximize innovation and speed to market.
Kempen Partners with SimCorp Coric to Achieve Enhanced Client Reporting
SimCorp has announced that Kempen, a Netherlands based asset manager with EUR 49.5 billion in assets under management, has selected SimCorp Coric to replace an incumbent legacy reporting solution.
The move is designed to increase operational efficiency and agility across its Client Services teams and to improve the experience it delivers to its clients.
Kempen has a wide range of clients with various types of information needs. Following a review of existing processes, Kempen identified a number of inefficiencies, including high levels of manual processing, low operational agility, and a lack of proper report governance. Having examined relevant solutions in the market, Kempen found SimCorp Coric to be the optimal solution to address these inefficiencies.
equensWorldline SE was selected by three major banks in the Netherlands
Bezons, Worldline announces that its subsidiary, equensWorldline SE, was selected by three major banks in the Netherlands as their infrastructure provider for Instant Payments.
This collaboration facilitates the next step in the process of realizing a real-time payment system. In Europe, several preparations are being made for Instant Payments, but the pace and the method vary per country. The Netherlands is one of the first countries that started the development of these real-time payments.
equensWorldline will provide a new European and global payments infrastructure that allows payments to be processed instantly so that the recipient immediately receives the money. These real-time payments will be available around the clock, 365 days a year, including weekends and holidays. This means that it will always immediately be clear whether a transfer from the payer to the recipient has succeeded. That is beneficial to consumers who can immediately have their purchase, but also for merchants who receive the money instantly. Instant Payments therefore provide a better cash flow and reduced risk for businesses.
