Transactions: American Express, Square partner on credit card

American Express and digital payment platform Square are teaming up to launch a credit card for Square merchants on the AmEx network. The expanded partnership will better support small businesses by organizing expenses and managing cash flow, according to a release. “Our brands will offer a credit-card product specifically designed for Square sellers, backed by the trust and security of the AmEx network,” William Stredwick, senior vice president of global network services at American Express , said in a statement. The card, which is set to integrate with Square’s broader ecosystem of solutions, will be powered by payment processing company i2c and issued by Salt Lake City-based, $1.8 billion Celtic Bank , according to the release. UBS teams with iProov on ID verification Zurich-based UBS on Monday announced a partnership with London-based iProov to integrate automated identity checks within its key4 digital banking platform. [caption id="attachment_183485" align="alignright" width="300"] Image via American Express [/caption] The collaboration will provide faster onboarding — within five minutes — onto the $1 trillion UBS’ platform, using facial verification technology and a government-issued document, according to a UBS release. iProov’s technology gives banks protection against compliance threats using its information security operations center (iSOC) to verify identities in real time within its cloud-based platform, according to the iProov website. Finastra, Fragmos Chain collaborate on OTC derivatives Core provider Finastra and blockchain platform Fragmos Chain are partnering to enable banks to digitalize their over-the-counter (OTC) derivatives products, which will cut costs and reduce risks associated with manual processes, according to a release. “Integrating Fragmos Chain with Finastra’s Summit, via our open platform for innovation FusionFabric.cloud, will help to reduce the challenges associated with traditional post-trade processes, such as reconciliations and disputes, to support a bank’s continued growth,” Benoit Riquet, chief product officer at Finastra , said in a statement. The API-first integration will give banks the freedom to match their trades, events and cash flows while storing data securely and exchanging it with outside parties in real-time, according to the release. Quantum to acquire AtlasClear Special purpose acquisition company Quantum FinTech Acquisition Corporation has entered into an agreement to acquire financial services firm AtlasClear . The new company will provide specialized banking and clearing services to other financial services firms in under-serviced global markets, the release said. Banking partners will receive expanded product development capabilities for a lower cost and greater credit extension, according to the release. “Together, we believe this business combination will advance our vision to create a fintech forward alternative for market participants,” Craig Ridenhour, chief business development officer of Atlas FinTech Holdings, said in a statement. Bank Automation Summit US 2023, taking place March 2-3 in Charlotte, is a crucial event on automation and automation technology in banking. <a class="fui-Link ___m14voj0 f3rmtva f1ern45e f1deefiw f1n71otn f1q5o8ev f1h8hb77 f1vxd6vx f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f9n3di6 f1ids18y fygtlnl f1deo86v f12x56k7 f1iescvh ftqa4ok f50u1b5 fs3pq8b f1hghxdh f1tymzes f1x7u7e9 f1cmlufx f10aw75t fsle3fq" tabindex="-1" title="https://bankautomationsummit.com/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Home" href="https://bankautomationsummit.com/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Home&__hstc=41615677.3fe700e68891f0bfd867036c89aa2d86.1650376353803.1668798582909.1668802204453.553&__hssc=41615677.2.1668802204453&__hsfp=3478022145" target="_blank" rel="noopener noreferrer" aria-label="Link Learn more">Learn more and <a class="fui-Link ___m14voj0 f3rmtva f1ern45e f1deefiw f1n71otn f1q5o8ev f1h8hb77 f1vxd6vx f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f9n3di6 f1ids18y fygtlnl f1deo86v f12x56k7 f1iescvh ftqa4ok f50u1b5 fs3pq8b f1hghxdh f1tymzes f1x7u7e9 f1cmlufx f10aw75t fsle3fq" tabindex="-1" title="https://bankautomationsummit.com/register/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Register" href="https://bankautomationsummit.com/register/?utm_source=Editorial&utm_medium=BAN_Site&utm_campaign=Editorial&utm_content=Register&__hstc=41615677.3fe700e68891f0bfd867036c89aa2d86.1650376353803.1668798582909.1668802204453.553&__hssc=41615677.2.1668802204453&__hsfp=3478022145" target="_blank" rel="noopener noreferrer" aria-label="Link register for Bank Automation Summit US 2023">register for Bank Automation Summit US 2023 .

Transactions: American Express, Square partner on credit card

UBS, iProov work together to streamline customer onboarding

Listen: How FIs can improve CX through site search personalization

Simmons Bank leverages ID verification solution

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Transactions: American Express, Square partner on credit card

UBS, iProov work together to streamline customer onboarding

Listen: How FIs can improve CX through site search personalization

Simmons Bank leverages ID verification solution

Related Posts

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