Adyen, Flywire | December 15, 2020
Adyen, the worldwide payments platform of decision for huge numbers of the world's driving organizations, and Flywire, a high-development vertical payments company, today reported a partnership which coordinates Adyen into Flywire's worldwide organization of payment partners.
Through the coordinated effort with Adyen, Flywire's clients – dominatingly, associations in the instruction, medical services, and travel enterprises – will profit by:
Extended range of service – support across more global markets with an increased number of local payment methods and currencies
Expanded capabilities – including additional support for recurring billing transactions and stronger fraud identification through Adyen's risk management product, RevenueProtect
The partnership is pointed toward conveying the most recent payment usefulness to encourage consistent client venture. Together, Adyen and Flywire will reinforce development in payments and drive measure enhancements for the vertical businesses that the two organizations cooperatively uphold, on a worldwide premise.
"The global recession triggered by COVID-19 has thrust payments into the spotlight. The ability to pay whenever and however they choose has become a pre-requisite for consumers looking for a familiar, secure and transparent payment experience, particularly for high-value expenses like tuition fees or a package holiday," said Darren Woodward, Senior Director of Payments, Global Cards Network.
Darren continues, "This means we must offer our clients global reach with the comfort of local payment methods, currencies and support for their clients, as well as state-of-the-art fraud protection and security. Our partnership with Adyen ensures that organizations we work with can deliver the payment experience their customers not just expect but increasingly demand."
"The current economic climate means it's never been more important to understand local currencies and preferred payment methods," said Roelant Prins, CCO of Adyen. "Offering customers the ways they prefer to pay is crucial, especially when selling to international customers. If we think of the example of paying for tuition fees for overseas students, it's paramount that such an important payment can be made in a method the student or parent trusts. We are thrilled to be working with Flywire to do just that."
Adyen is the payments platform of choice for many of the world's leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers' globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L'Oréal. The cooperation with Flywire as described in this merchant update underlines Adyen's continuous growth with current and new merchants over the years.
Flywire is a high-growth vertical payments company trusted by organizations around the world to deliver on their customers' most important moments. Unlike other payment companies, Flywire is proven to solve vertical-specific payment and receivables problems for organisations that deliver high-value services.
Whether in education, healthcare, travel or technology, Flywire has vertical-specific insight and technology that allows organisations to optimise the payment experience for their customers while eliminating operational challenges.
i2c Inc. | September 16, 2021
i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with Solid, a modern Fintech as a Service (FaaS) platform, to provide streamlined access to banking, payments, and card services to companies.
By working with fintech enablers like i2c, Solid offers SMEs, FIs, and neobanks a compliant, managed solution to support a variety of payments use cases on a single, digital first platform. Solid’s extensive network of sponsor banks and fintech partnerships de-constitutes traditional banking buildouts, so that clients can leverage simplified APIs to launch curated programs faster than ever before.
“i2c and Solid are aligned in our belief that the future of financial services lies in unlocking its complexity for fintechs of all sizes to offer embedded payments solutions at the quickest time to market,” said Sarah Flood, VP Fintech Business Development, i2c Inc. Adding, “We’re excited to work with BaaS providers like Solid in bringing differentiated payments capabilities to new companies in innovative ways.”
“We chose i2c as our issuing-processing partner because of their global reputation of unparalleled reliability, security, and decades of experience within the payments industry,” said Solid president, Raghav Lal, adding, “Solid is working to reimagine partnership and access to fintech services, and i2c is an integral partner in making our FaaS vision come to life.”
The combined platform and software capabilities of the two companies will allow third parties to build and launch deposit products, such as business and consumer checking accounts, instantly issue debit, credit, and prepaid cards both physically or virtually, and process transactions in real time.
Solid is a highly scalable modern FinTech platform with a built-in immutable ledger. Solid’s platform is purpose-built to accelerate the inclusion of banking in the partner ecosystem, simplifying APIs to take the complexity out of banking. The FaaS is based out of San Mateo, California, with over 50+ global members specializing in fintech, and venture-backed with $18M in Seed and Series A funding from leading investors.
About i2c Inc.
i2c is a global provider of highly-configurable payment and banking solutions. Using i2c's proprietary "building block" technology, clients can easily create and manage a comprehensive set of solutions for credit, debit, prepaid, lending and more, quickly and cost-effectively. i2c delivers unparalleled flexibility, agility, security and reliability from a single global SaaS platform.
Yapily | June 09, 2021
Yapily, the main supplier of Open Banking infrastructure, today launched its new Open Banking bulk payment service, which already operates and takes use of its UK service with Comma, the SME payment platform, live.
Yapily, in collaboration with Comma, has streamlined the complicated process of bulk payments in the UK under Open Banking. Customers like Comma may use the proposal to get the API connection they need to build a dependable, secure, and scalable bulk payments functionality for their accounting, payroll, and bookkeeping clients.
Previously, bulk payments in the UK were only available to medium to large enterprises with corporate banking accounts. As a result, many SMEs have been forced to rely on old, inefficient payment procedures, which cause substantial difficulties and problems when it comes to paying employees, suppliers, and customers on time, every time.
Comma's accountant and bookkeeper customers may use Yapily's bulk payment service to generate and share payment runs with clients, who can then bulk pay bills, taxes, and wages on their phone or PC in a few taps from their own bank account. This enables accountants and bookkeepers to provide additional payment services to customers, which has been requested for many years. As SMEs strive to recover post-pandemic, operational efficiency is critical.
“Comma was developed out of a love for aiding small businesses,” stated Tom Beckenham, CEO and Founder of Comma. Paying anything manually is a time-consuming practise that frequently impacts small business owners. We are now able to provide our customers with a fantastic payments experience because to our strong collaboration and transparency with Yapily. It allows them to refocus their efforts on building their enterprises. We are looking forward to continuing our collaboration with Yapily.”
Yapily is the first Open Banking infrastructure provider to test and release bulk payments capabilities for seven UK financial institutions, using its direct and extensive contacts with many of the UK's top banks.
To introduce the most technically robust bulk payments service to market, the FinTech has worked extensively with Comma and UK banks to highlight anomalies in behaviour, glitches, and circumstances where API documentation isn't indicative of what's in practise. Yapily & Comma's approach decreases the likelihood of clients being taken off guard by anomalies and ensures the success of bulk payments across the board.
“We've observed a real, increasing demand from our customers for bulk payments capabilities,” said Stefano Vaccino, CEO of Yapily. We're pleased to announce that, after much effort, we've created a dependable bulk payments service for our UK customers. We've been fortunate to work with forward-thinking clients like Comma, who have assisted us in stress-testing the functionality so that we can provide the most robust service possible.
“What appears to be a straightforward implementation of the required endpoints has been a massive team effort, as well as a steep learning curve for us as an Open Banking infrastructure provider. We're currently working on expanding this across Europe, and we're delighted to collaborate with Comma and other clients to push it even further.”
Yapily's bulk payment solution will be rolled out to consumers in Germany in the next months, with the company hoping to power new bulk payment offers with more European clients in the future.