Video: fintech news weekly round-up – 5 June 2019
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
Tsys
Global Payments and TSYS agree mega-merger
The third major payments industry deal so far this year.
TSYS teams with 118 118 Money for UK credit card programme
Paytech and lendtech firms sign long-term agreement.
TSYS to power JP Morgan’s commercial virtual card issuance
JP Morgan will leverage the Virtual Payment Precept solution from TSYS to broaden its virtual card offering.
TSYS to acquire fellow paytech firm Cayan for $1.05bn
The acquisition is expected to close in Q1 next year.
TSYS launches fraud prevention tool that learns
Global payments provider TSYS announced June 12 it has launched TSYS Foresight Score with Featurespace, a fraud-prevention and risk-scoring product that integrates artificial intelligence, enabling the software to learn and improve its ability to detect fraudulent behavior while reducing false positives, the company says.
Automation in US banking – part 2
Art Gillis, a seasoned banking technology consultant (working in the computer industry since 1958 – and listed as a top 25 tech consultant by the American Banker) and author, presents his latest “Automation in Banking” report (#31!), which looks at the US core banking and ancillary software market.
Virgin Money extends card processing agreement with TSYS
Virgin Money has signed a long-term deal with TSYS for debit card processing in the UK. The bank is already using the payments vendor’s TS2 solution for its credit card operations.
TSYS seeks growth bump with $2.35 billion Transfirst acquisition
Payments provider TSYS is predicting high single-figure growth following its acquisition of merchant solutions provider Transfirst in a $2.35 billion all-cash transaction. The deal, announced as TSYS reports its full-year 2015 results, will create a firm with that TSYS claims will be the third largest integrated payments provider in the US – according to a […]
Banks should know their customers’ digital skills says new report
As consumer adoption of mobile devices and social media increases, banks can’t really rely on standard details such as income, age and geography to serve customers better than their competitors, according to a new report by payments company TSYS and software firm FICO. Instead, they may need to recognise the different kinds of customers based on how they interact with digital technology and tailor their services accordingly.
Lack of EMV means US leads the world in card fraud
The US leads the world in card fraud, at least in part because it has lagged in the adoption of the EMV (Europay, MasterCard and Visa) Chip & PIN standard, and continues to use signatures for verification. One result, said Carolyn Balfany, group head for US product delivery at MasterCard Worldwide, during Money2020 in Las […]
KBC Bank Ireland turns to TSYS technology
KBC Bank Ireland has signed up payments technology company Tsys to help launch its debit card portfolio in Ireland.
