FCT, Opta to Provide Data-Driven Property Industry Products
OAKVILLE, ON–FCT, which provides title insurance and real estate technology, and Opta Information Intelligence Inc., a supplier of Canadian property location intelligence, have partnered to deliver data-driven products to the financial services industry. Through this exclusive partnership, FCT will leverage data assets, products, and resources to significantly increase the efficiency …
Business Environment for U.S. Equipment Finance Firms More Favourable in 2021: Foundation
WASHINGTON, DC–Although the outlook for the U.S. economy is uncertain, equipment finance industry leaders expect moderate portfolio growth in 2021. But performance will vary by sector. These findings and others are according to a new study, Equipment Finance in 2020: Special COVID-19 Impact Issue, released by the Equipment Leasing & Finance Foundation (Foundation). …
Forter, FreedomPay Partner to Fight Fraud, False Declines
NEW YORK, NY—Forter has partnered with FreedomPay to establish what may be the first joint network for online merchants and banks to instantaneously block fraud and enable legitimate consumers to operate freely. The partnership aims to address a major issue where multiple players (online merchants, credit card issuers, and banks) …
Ritchie Bros. latest Market Trends report shows slowly climbing prices
VANCOUVER, BC–With billions of dollars of equipment transacting via multiple sales channels each year, Ritchie Bros. has the data and in-house expertise to provide unmatched insight into industry trends. The company shares these insights via its Market Trends module within its Ritchie Bros. Asset Solutions suite of tools. Market Trends …
September U.S. Equipment Financing Down Year to-Year, To Date, But Up Month-to-Month
WASHINGTON, DC—There is both bad and good news in the latest Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25). It showed that the overall new business volume for the American equipment finance sector in September 2020 was $8.7 billion, down 13 percent year-over-year from new business …
U.S. Touchless Payments Grow, Cybersecurity Concerns Strong: Fiserv
BROOKFIELD, WI–According to the 2020 Fraud and Security Survey, released by Fiserv, 79 percent of U.S. consumers say that cybersecurity is equally or more concerning that it was for them a year ago. Cybersecurity concerns remain as consumers increasingly adopt digital payment methods that facilitate touchless interactions, yet which often …
Adyen Alums get $4.7 m to Launch Silverflow
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 …
Versapay, Solupay Merge, Keep Versapay Name
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 …
U.S. Equipment, Software Investment Sank but Forecasted to Return: Q4 2020 Snapshot
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 …
U.S. Equipment Leasing and Finance Industry Confidence Eases But Signs of Improvement
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 …