Huntington | June 03, 2022
Huntington Bancshares Incorporated (Nasdaq: HBAN) announced today it is creating a new enterprise payments organization to develop, coordinate and execute on its payments strategy and investment roadmap.
Amit Dhingra has been named Enterprise Payments Director and will lead a team responsible for executing an end-to-end enterprise-wide payments strategy across Consumer and Business Payments, Commercial Payments and Treasury Management. Dhingra will drive growth in payments revenue streams as well as focus on digital and customer experience enhancements.
Dhingra's team will build upon the payments platform with additional products and services that will be commercialized across the business to further support existing and new customers through throughout their lifecycle.
"The organization of an enterprise payments strategy and platform enables us to serve all our customers," said Steve Steinour, Huntington's chairman, president and CEO. "As we continue to invest in our payment products and services, we will deliver more value-added services and further strengthen our customer experience."
In May, Huntington acquired Digital Payments Torana, a San Francisco-based business-to-consumer payments fintech.
In his new role, Dhingra will report to Paul Heller, Huntington's chief technology and operations officer. Dhingra previously served as Huntington's retail payments and consumer lending director. Before Huntington, he served in a variety of strategy and transformation leadership roles at U.S. Bank and McKinsey & Company.
Huntington Bancshares Incorporated (Nasdaq: HBAN) is a $177 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The Huntington National Bank and its affiliates provide consumers, small and middle‐market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Huntington operates more than 1,000 branches in 11 states, with certain businesses operating in extended geographies. Visit Huntington.com for more information.
3QualiTy | May 24, 2022
Beginning May 30th, 3QualiTy, a leader in the charitable giving fintech space announced that it will partner with MoonbaSwap, a cross-chain AMM DEX protocol for swapping tokens based on OneLedger and its bridged chains.
This partnership will be 3QualiTy’s launchpad for an extended seed sale, and makes the company the first crypto project to use the MoonbaSwap launchpad. Ultimately, this opens up the 3QualiTy platform to additional users, while also providing them with low transaction fees. The MoonbaSwap launchpad will offer: token investment which allows purchasing and trading of tokens that users store in their connected wallet; wallet integration through Metamask; multi-tiered staking and farming; KYC compliance; and lending and borrowing. An AMA session took place on May 19th, which allowed for an open conversation across platforms.
MoonbaSwap is excited to announce the first project to go live on its LaunchPad will be 3QT, a New-York based fintech charity platform, MoonbaSwap is a Defi protocol and LaunchPad, built on the OneLedger platform, a web3 network protocol with a true multi-chain application environment built from the ground up for cross chain interoperability. Our goal is to host the world’s best projects after careful due diligence and consultation with a formidable cohort of technology and financial specialist that make up our Advisory Committee. 3QT is a quality project with prodigious talent and exemplary global support.”
George Connolly, the president and CEO of OneLedger and MoonbaSwap Technologies.
MoonbaSwap is also the developer of the company’s smart contract for the new 3QualiTy token. The partnership builds upon new technology which has the potential to grow into a very powerful blockchain.
The success of 3QualiTy is our number one priority and wherever we see the opportunity to build this platform, make it better for the users, and increase our success rate legally in a way that does not affect our users, we will always look to take advantage of these opportunities.”
Nicholas Chandler, 3QualiTy Co-founder & CEO.
3QualiTy is a fintech company that offers an easy solution to charitable giving. 3QualiTy is a secure interface between charity and decentralized ledger technology. Through its digital token, 3QT, and its philosophy “Every Human is Equal,” charity and cryptocurrency go hand in hand.
MoonbaSwap is a cross-chain AMM DEX protocol for swapping tokens based on OneLedger and its bridged chains, this removes ‘trusted’ intermediaries and provides the platform for faster trading. MoonbaSwap can produce a throughput of about 4000 tps, which is a lot faster than what other dexs can offer.
PayTabs | June 07, 2022
PayTabs - MENA's award-winning payment processing powerhouse, made a jump start last year in its pursuit to pioneer next generation payments, by announcing the launch of its new home owned, globally validated unified payments and transaction processing platform, PayTabs SwitchOn®.
After multiple launches with clients across the region, the payment card industry (PCI) certified solution, includes a Switching and Authorization System, a Card and Wallet Management System, and the Unified API Gateway.
PayTabs SwitchOn® is now available for local deployment, at a fraction of the cost. With its own IP and built upon deep use case expertise, the flexible and compelling solution aims to empower innovation in the region by enabling flexible payment orchestration at scale.
As a Fintech enabler for the region, PayTabs' mission is to simplify and yet orchestrate a unified payments experience and value for key players in MENA and beyond. Fintechs will find it particularly suitable to comply with local in-country regulations.
Established Financial Institutions and fintechs' specific needs are met via the modular and hybrid deployment modes available.
PayTabs SwitchOn® architecture is designed to ensure a unique payment orchestration capability allowing clients from multiple industries and scale to maximise the benefits they get while in conjunction with the legacy systems.
From the Card and Wallet Management System to the Unified APM Gateway and passing by the various value-added modules, clients can select what best fits their needs. PayTabs' experts will ensure the right deployment mode is provided, either it is a Hosted Managed Service, On-Premises, or Hybrid. PayTabs also provides custom fit white-label solutions.
PayTabs SwitchOn® solution for omni channel payments and its deployment modes provide answers and checks all the boxes to the growing demand for solutions that are compliant with the data localization directives and regulations for each country of operation. Which enables brands and large corporations across countries and regions to manage their payment complexities with a 360-degree view, reducing dependencies with third parties and thus streamlining the speed to market.
In the post covid era of emerging payments, this is good news for the region. By orchestrating a groundbreaking technology and as the next generation payment system architects, we have elevated our payment processing capabilities. With PayTabs SwitchOn® we are now able to deliver a 360-degree payment experience in a few weeks, at a fraction of the cost."
Johnson S Sasikumar, Group Head of Strategy, PayTabs.
PayTabs is an award winning, payments solutions powerhouse founded by Saudi entrepreneur Abdulaziz Al Jouf in 2014.
PayTabs processes transactions in multiple currencies and markets, safely and securely. Using API plugins, PayTabs facilitates seamless B2B e-commerce solutions for small and medium enterprises across industries, to 'plug and play' payment features on to their websites. PayTabs prides itself on offering e-invoicing services enabling businesses to enjoy digital invoicing, pay by QR code or secure social media payment links.
Originally backed by Saudi Aramco's "Waed" and later by private Saudi investment, over the years, PayTabs has in-built and exported a full stack of game changing solutions. These include mobile applications, hospitality, governmental, education, airline, travel, transport, and biller solutions, to interlink the multi-billion-dollar enterprise market chain in the MENA region.
In 2021, PayTabs launched "PT Touch", the ﬁrst SoftPOS solution in MENA to transform smart phones into merchant POS terminals. Last month, PayTabs launched its own social commerce platform, 'Paymes' to ease payments for micro merchants.
A proven game changer in the global payments space, PayTabs has dedicated offices in the UAE and KSA and presence in other locales including Egypt. The company is an equal opportunities employer with a diverse and multi-cultural team from over twenty nationalities.
Affirm | June 14, 2022
Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with global travel platform Agoda, part of Booking Holdings, the world’s leading provider of online travel and related services. Now, eligible travelers can book their hotel accommodations for upcoming trips across the Agoda platform both on web and via the app and pay over time for bookings over $50.
By selecting Affirm as a checkout option on the platform, eligible travelers can split the total cost of purchases into either biweekly or monthly payments for as low as 0% APR. They are shown the total cost of their purchase and will never pay more than the agreed amount upfront. With Affirm, customers will know exactly what they owe with no additional late charges or hidden fees. Agoda integrates Affirm’s Adaptive Checkout to offer customers dynamic payment options to suit a variety of budgets and preferences, including four interest-free biweekly payments as well as monthly payment options.
We are always looking for innovative ways to help more people access travel, using tech to simplify the search, booking and payment processes, The launch of pay-over-time options with Affirm will enable travelers in North America who might have previously found it inconvenient to pay for their booking in one lump sum to spread the costs over multiple payments without incurring any compound interest or additional costs. We’re helping consumers get back out into the world of travel – on their own terms.”
Agoda’s Chief Financial Officer Thi-Mai-Linh Bui.
According to a recent Affirm Consumer Spend Report, 80% of consumers agree that 2022 will be the year they splurge on a bucket-list trip and nearly 30% plan to pay for travel expenses over time instead of all at once, Our partnership with Agoda gives more travelers a budget-friendly way to pay for their next milestone vacation so they can travel without concern for late or hidden fees.”
Affirm’s Chief Revenue Officer Geoff Kott.
Agoda joins over 200,000 Affirm retail partners, including American Airlines, Vrbo, Priceline, Vacasa, and more. Offering Affirm at checkout can reach new customers, drive overall sales, increase average order value and customer repurchase rates.
Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees.
From its beginnings as an e-commerce start-up based in Singapore in 2005, digital travel platform Agoda has grown to offer a global network of over 2.5 million properties in more than 200 countries and territories worldwide, offering travelers easy access to a wide choice of luxury and budget hotels, apartments, homes and villas, to suit all budgets and travel occasions. In 2019, Agoda added a flight product and packages to help make travel even easier.