Fraud & IdentityIndustry NewsPayment ProcessingPayments

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) …

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Equipment FinanceIndustry News

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 …

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CybersecurityFraud & IdentityIndustry NewsPayments

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 …

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FinTechIndustry NewsPayTech

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 …

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AR ManagementIndustry NewsMergers & Acquisitions

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 …

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Industry News

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 …

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Equipment FinanceIndustry News

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 …

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BlockchainCross-Border PaymentsDistributed Ledger TechnologyIndustry NewsPayments

Cambridge, Ripple Partner on Cross-Border Payments

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 …

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Cross-Border PaymentsFraud & IdentityIndustry NewsPayments

Many Small Businesses Struggle With Funds, See Cashless Trend: Payments Canada

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 …

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Industry NewsInsurance

Hub International Acquires Ontario-Based usefulideas

TORONTO, ON–Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired JM Rose Insurance Agency Limited, d/b/a usefulideas® (usefulideas®). Terms of the transaction were not disclosed. Headquartered in Toronto, Ontario, Canada, usefulideas® is a full-service business consultancy, employee benefits and group retirement firm. Joanne Rose, …

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