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AMSTERDAM, NL and LONDON, UK–Silverflow, a global payment technology company, has announced a €2.6 million ($4 million CAD) seed funding round. It was led by UK-based seed-stage investor Crane Venture Partners with participation from INKEF Capital and angel investors and industry leaders from Pay.On, First Data, Booking.com, and Adyen. With …

TORONTO, ON–Versapay Corporation has completed a merger with payment services provider Solupay, which will further strengthen its AR automation and integrated B2B payments offerings. The combined company will operate under the Versapay name and under the leadership of Craig O’Neill, current CEO of Versapay. Financial terms of the private transaction …

WASHINGTON, DC–The Equipment Leasing & Finance Foundation has released the Q4 2020 Equipment Leasing & Finance Industry Snapshot, an indispensable resource for industry participants in the midst of the COVID-19 pandemic. Designed for use in executive briefings and presentations, the presentation slide deck summarizes the current conditions and projections for …

WASHINGTON, DC–The Equipment Leasing & Finance Foundation (the Foundation) has released the October 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment …

TORONTO, ON–Cambridge Global Payments has partnered with Ripple to deliver cross-border payment solutions to business-to-business (B2B) customers, using RippleNet, Ripple’s global payments network. This partnership will be of particular importance to small-midsized enterprises (SMEs). Traditional global payments systems currently involve many intermediaries, which can slow down payments and increase the …

OTTAWA, ON–Payments Canada has released survey results from Canadian small business owners, identifying payment pain points, needs, and trends. These findings include: Almost 50 percent of small merchants believe Canadian stores will become cashless in the next ten years, of which the majority are unconcerned; Close to 1 in 4 …

FIRST HALF OF 2020 FINDINGS HIGHLIGHT OVERALL DECLINE IN HUMAN-INITIATED ATTACKS, GROWTH IN BOT ATTACKS TARGETING FINANCIAL SERVICES ORGANIZATIONS LexisNexis Risk Solutions released its biannual Cybercrime Report, which tracks global cybercrime activity from January through June 2020. The report dives deep into how the COVID-19 pandemic has impacted the global …

By Susan Perlmutter The pandemic has changed how we live, work, and the way we communicate. The financial industry, particularly, has faced some difficult issues, including payment processing delays, loan approval backlogs, and overall accessibility. Financial institutions have been inundated with customer service inquiries and have scrambled to provide timely …

TORONTO, ON–As many industries try to figure out new ways of operating during the current Covid-19 pandemic, Mortgage Automator announced a new integration with DocuSign that will help private lenders gather required signatures remotely, prioritizing health and safety of all parties involved. This integration allows private lenders to connect their …

Disconnect leading to one-third of Canadian organizations unable to articulate potential threats; 34% of Canadian organizations have yet to fully articulate their cyber risks TORONTO, ON–A disconnect between cybersecurity efforts and business functions is putting more Canadian organizations at risk as information gaps leave leaders with a limited understanding of potential …