DUNEDIN INVESTS IN £44 MILLION FUNDING OF GPS IN UK’S 3RD LARGEST FIN-TECH FINANCING THIS YEAR

  • Investment will accelerate the growth of GPS and drive its international expansion plans
  • GPS is the tech powerhouse behind the most exciting digital banks, challenger banks, fin-techs and financial institutions 
  • This is UK’s largest B2B fintech investment of the year 2018

19 June 2018, Dunedin, the UK private equity house, today announced that it has invested in the £44 million funding of Global Processing Services (“GPS”), the global payments processor and tech powerhouse behind the most exciting digital banks, challenger banks, fin-techs and financial institutions.…

PIF Announces Board Appointments

London, 29 May 2018 – PIF, the not-for-profit industry body representing the prepaid sector, has today announced the appointment of three new members and the reappointment of two existing members to the PIF Board of Directors.

Des Hellicar-Bowman, Chief Compliance Officer at Glint, Paul Swinton, CEO of B4B Payments and Suresh Vaghjiani, Managing Director at Global Processing Services join the board as non-executive directors with immediate effect.…

Account management giant Sage and B4B Payments announce key strategic partnership

LONDON, May 21, 2018: B4B Payments, a leader in smart and flexible corporate expenditure solutions and Sage Spain, the multi-national accounting software and business services provider, have signed a strategic partnership to bring the benefits of business expense management to over a quarter of a million Spanish SMEs.…

Fintech Unplugged unveils charter to showcase new fintech talent

Fintech Unplugged unveils charter to showcase new fintech talent

LONDON, May 18, 2018: Fintech Unplugged, a podcast hosted by payment experts Robert Courtneidge and Suresh Vaghjiani, will be used as a platform to expose new talent in fintech and help overcome barriers to inclusion and equal opportunity.

PIF: TSB Crisis Doubles the Number of Small Businesses Questioning the Value of Banks

16 May 2018 - As the latest crisis to hit the banking sector saw TSB’s business customers struggling to access accounts or even pay HMRC by the quarter’s VAT deadline, the number of SMEs considering alternative options to the traditional big banks has more than doubled

Research of 500 small and medium business owners, commissioned by Prepaid International Forum (PIF), the not-for-profit trade body representing the prepaid financial services sector, found that just under a fifth (18%) are actively considering financial products and services from a new wave of providers using prepaid platforms.…

The Direct finance Card gives companies direct overview and control over all employee expenses in real-time

  • Employees across the whole company can use the Direct Card for business expenses anywhere in the world – including trips, instore and online purchases
  • Direct Card can be used anywhere where Mastercard® is accepted
  • It can be provided as an individual card to each employee or as a single card that teams can share
  • Provides Financial Directors and company accountants with a direct overview and control over all company expenses
  • The solution has already been adopted by companies such as Ogilvy, HRG, AlgoTech, ŠKODA Auto, HYUNDAI Motor Manufacturing Czech s.r.o.

SWAPX launches a travel money card that lets consumers ‘Swap and Spend’ in local currencies

  • Consumers can use their SWAPX card account to load funds in EUR and GBP and SWAP into the in-country currency at the ATM, or when they spend abroad
  • SWAPX lets consumers access the best rate available beating the High Street by approximately 4% and airport kiosks by up to 8%
  • SWAPX Mastercard® will dynamically swap into the in-country currency at a fraction of the cost normally provided by the bank

London, April 2018: SWAPX, in collaboration with leading payment issuer processor Global Processing Services (GPS), today launches their consumer travel card that allows customers to ‘swap’ and ‘spend’ in local currencies when making foreign payments.…

Consumers and businesses can now pay and transfer between multiple currencies using Mastercard ‘Flow Prepaid’ and ‘Echo Prepaid’

  • Flow Prepaid Mastercard© and Echo Prepaid Mastercard© have been developed with Mastercard©, in collaboration with Global Processing Services (GPS), an industry-leading issuer processor
  • Both Flow Prepaid, the consumer payment card, and Echo Prepaid, solution targeted at businesses, can be linked to an Enumis eWallet account for flexible money management
  • These solutions will further support Enumis’ mission to provide innovative, tailored ways for individuals and businesses to dynamically manage their everyday finances whilst benefitting from competitive foreign exchange rates

Enumis, an electronic money institution, announces the launch of their two branded prepaid cards, Flow and Echo, as well as Enumis eWallet account - marking yet another market-changing step within the Prepaid market.…

Optimism for a ‘Soft Brexit’ diminishing amongst financial sector leaders

  • 58% expecting a ‘Hard’ Brexit
  • Two thirds expect access to EU Markets to be negatively affected
  • 75% reviewing options to move at least some operations out of UK

Leaders of the UK’s leading FinTech and Prepaid financial services businesses are expecting a ‘hard’ Brexit that will diminish financial sector access to EU markets and adversely affect their businesses.…

The convergence of prepaid and fintech takes centre stage at PIF Innovation Day 2018

PIF, the not-for-profit trade association representing the high-growth prepaid sector, has released details of its fourth annual Innovation Day and has announced Wirecard as the Headline Sponsor for 2018. The event will be held at Grace Hall in London on Thursday 17 May.…