Fintech, Finance, Technology, Banking Highlights – 10 May 2018

Payworks to offer point-to-point encryption for merchant transactions

Payment technology company, Payworks, announced today its latest offering which enables global payment providers to create certified Point-to-Point Encryption solutions for merchants.

Payworks has expanded its product portfolio with the launch of its Point-to-Point Encryption (P2PE) offering for Decryption Management Services. This allows global payment providers to build their own P2PE solutions for merchants, saving both time and money. Through the same simple and quick integration with Payworks’ payment technology as before, solution providers now gain access to an environment which enables end-to-end encryption and security compliance.

Since the beginning, payment providers and acquires have had access to enhanced security and PCI DSS compliant technology when working with Payworks. Now, for those providers wanting to go one step further and build complete PCI certified P2PE solutions, Payworks offers P2PE decryption management and support with key management. As a certified and listed P2PE Component Provider, Payworks’ services enable providers building solutions with Verifone and Miura devices to easily integrate the Payworks components, alleviating the complexity of P2PE.

Payworks’ P2PE Component Services are already live in the market having been integrated into listed P2PE solutions. Payment providers who collaborate with Payworks when building their solutions are at an advantage because they can expect a straightforward validation process by implementing components which are already P2PE certified and will work with a team familiar with the requirements involved in building compliant solutions. Focusing on fewer P2PE domains and working concurrently with Payworks, solution providers can expect a finished product in less time, using fewer resources.

PaySimple integrates with QuickBooks Online

PaySimple, a leading Service Commerce platform for businesses, today announced their latest integration with leading accounting software, QuickBooks Online.

The PaySimple and QuickBooks Online integration combines the power of PaySimple’s payment acceptance software, with the bookkeeping features of QuickBooks Online, giving merchants critical insight into their business’s financial status.

When merchants connect their PaySimple and QuickBooks Online accounts, PaySimple payment data will automatically sync in QuickBooks Online in real-time. Manually uploading payment data into an accounting software is time consuming and subject to human errors, which can cause problems at tax time or when the business needs to share their books with another entity.

The PaySimple/QuickBooks Online integration is designed to solve this challenge with real-time syncing, eliminating lag time between a business’s payment activities and their QuickBooks Online account. Transactions are updated in QuickBooks Online as soon as they settle when initiated through PaySimple, so there are never any discrepancies.

“PaySimple is dedicated to helping business owners focus on their passion by making payment collection easy and cost effective,” said PaySimple President, David Sharp, “By integrating with QuickBooks online, we can go a step further by helping business owners ensure accurate accounting and tax reporting.”

Broadridge acquires FundAssist

Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader, has completed the acquisition of FundAssist Limited, a regulatory, marketing and sales solutions service provider to the global investments industry.

Based in Dublin, Ireland, FundAssist is a natural extension of Broadridge’s governance and communications business and brings a complete suite of capabilities to enable the composition, management and distribution of digitized regulatory and disclosure documents for global fund managers distributing in Europe.

Using an advanced, flexible technology platform, FundAssist’s data-driven, end-to-end solution includes support for Key Information Documents (UCITS KIID & PRIIPs KID), financial disclosure statements, fact sheets, translation and document and data dissemination.

“Broadridge is already a leading service provider for the North American fund industry. The addition of FundAssist will further extend those capabilities to the European fund market, helping clients to get ahead of today’s challenges to capitalize on what’s next,” said Patricia Rosch, head of Broadridge’s international Investor Communication Solutions business. “The FundAssist team brings an exceptional depth of expertise and shares our commitment to client service excellence. FundAssist’s broad and tightly related product offerings are well-positioned to continue to grow in a fragmented market, where asset managers are increasingly migrating from legacy in-house or third party systems and consolidating disparate point solutions with a single vendor.”