pif-pos

W2 Global Data secures new co-investment

W2, a provider of SaaS, B2B software solutions and data services, has secured a series A investment. The investment is for growth capital to fund the expansion of its sales, marketing and technical capability in the UK and international markets.

W2 Global Data (W2), which provides a range of Software as a Service (SaaS) products for the Know Your Customer (KYC), Anti Money Laundering (AML) and fraud prevention due diligence markets, has received Mercia Fund Management’s largest ever Growth Fund investment and a substantial follow on investment from Finance Wales.…

meeting-pif

PIF: ‘Frictionless’ Brexit Key to FinTech Sector’s Success in UK and EU

29 March 2017 - The Fintech sector has called for a ‘frictionless’ Brexit deal for its sector, highlighting how this is in the best interests of both the UK and the EU.

The Prepaid International Forum (PIF), the not-for-profit trade association for the prepaid financial services sector, is advising Theresa May and the UK’s Brexit negotiators, that a scenario where barriers to trade are strictly enforced in the financial markets, especially in the fast-growing financial technology sector, is a ‘no-win’ game.…

pif-inno

London’s shared service alliance of Hammersmith & Fulham, Kensington and Chelsea, and City of Westminster appoints Prepaid Financial Services (PFS) to manage its direct payments prepaid card programme

Prepaid Financial Services (PFS), has been appointed by shared service alliance of local authorities (Hammersmith and Fulham, Kensington and Chelsea, and City of Westminster) to manage a prepaid card programme for all social care service users who are in receipt of a direct payment.…

meeting-pif

The evolution of contactless prepaid cards

PaymentEye:

Kevin McAdam, Director of Prepaid at allpay Limited

The speed and ease of online payments, as well as direct debits, has led to high expectations from those making a purchase or paying their bills.

People in all financial situations are looking for improvements to payment solutions that will save time and make their lives easier.…

pif-online

European Online Transaction Rule Revised after Payments Industry Complaints

Paybefore: After absorbing hundreds of complaints from the payments industry, the European Banking Authority will relax its pending customer authentication rules for online transactions. The new rule, which requires two-factor authentication, will apply to transactions of €30 (US$32) instead of €10 (US$10.60), according to Andrea Enria, the authority’s chair.…