Fintech, Finance, Technology, Banking Highlights – 3 November 2017
Beyond to offer CardFlight mPOS system
CardFlight, a mobile point-of-sale (POS) technology provider and Beyond, a financial technology company that provides business tools and services, including payment processing, employee management, POS, and lending, to small and midsized businesses, announced that Beyond will offer CardFlight’s SwipeSimple mobile point-of-sale.
This partnership extends Beyond’s payment processing suite and allows small business owners to accept EMV chip card payments from their mobile devices.
SwipeSimple is a secure EMV-enabled mobile payment acceptance suite that includes an EMV chip card reader, mobile application for iOS and Android, and a back-office web dashboard for merchants to accept payments and manage their businesses. SwipeSimple provides key layers of security including point to point encryption and a PCI level 1 compliant payment gateway.
Online retailer Asos offers buy now pay later option with Klarna
Leading European payments provider Klarna has announced a UK partnership with ASOS – one of the world’s leading destinations for fashion loving 20-somethings. The news means that UK customers with the iOS or Android ASOS app can now use Klarna’s ‘Pay later’ solution to pay for their items up to 30 days later – with no interest or fees.
This follows a successful partnership with ASOS in Germany, Austria, Sweden, Finland and Norway.
A significant priority for ASOS is putting customers first and prioritising convenience at every stage of the shopping journey. Klarna’s ‘Pay later’ puts the user experience front and centre – giving customers an additional payment option, and, most significantly the opportunity to try clothes at home and only pay for the things they love.
Stratumn reinforces its footprint in the insurance sector by welcoming BNP Paribas Cardif’s C. Entrepreneurs fund to its capital
Stratumn, a provider of network solutions securing processes between enterprises and their stakeholders through blockchain technology and advanced cryptography, announces today a raising from C. Entrepreneurs, the venture capital fund created by the insurer BNP Paribas Cardif in partnership with Cathay Innovation, as part of its extended Series A funding.
Following its funding round announced in June with Open CNP, Otium Venture, Nasdaq and Digital Currency Group, the company now welcomes BNP Paribas Cardif through the C. Entrepreneurs venture capital fund to continue reinforcing its knowledge of the insurance sector and develop business opportunities in this field. The whole funding round totals €8M.
Funded by BNP Paribas Cardif and managed by Cathay Innovation, a leading global venture capital firm, C. Entrepreneurs supports startups from all countries that develop technologies and services that are reshaping the insurance world. C. Entrepreneurs will help Stratumn accelerate its strategy by focusing on business development and product design, as well as attracting talented individuals to join Stratumn’s international team.
Ingenico introduces AI-powered ‘zero fraud’tech
Ingenico Group has expanded its fraud detection and management capabilities with a new, real time solution that enables merchants to increase revenue by optimising their acceptance rate and reduce customer churn.
The new solution leverages sophisticated Artificial Intelligence (AI) technology developed by the German-Israeli payment security company Fraugster to identify and separate fraudulent transactions from legitimate ones. This enables a new fraud protection insurance model, which means fraud is reduced to zero for merchants. If any fraudulent transactions slip through the solution, the costs are absorbed by Fraugster.
As the solution is fully integrated into Ingenico’s platform, adding the fraud solution is simple and only requires one click activation with no additional technical implementation on the merchant’s side.
