W. A. G. Payment Solutions

Springbrook Releases New AI Powered Customer Support Help Desk

Retrieved on: 
Wednesday, October 25, 2023

PORTLAND, Ore., Oct. 25, 2023 /PRNewswire/ -- Springbrook Software, the leader in cutting-edge ERP platforms for local government agencies, has released a new modern AI-powered customer service solution: HelpDesk AI.

Key Points: 
  • PORTLAND, Ore., Oct. 25, 2023 /PRNewswire/ -- Springbrook Software, the leader in cutting-edge ERP platforms for local government agencies, has released a new modern AI-powered customer service solution: HelpDesk AI.
  • The Springbrook HelpDesk AI empowers customers with lightning-fast access to vital product information, expediting their requests.
  • Springbrook's HelpDesk AI harnesses ChatGPT technology and taps into Springbrook's immense product content library, packed with terabytes of video and textual resources.
  • Our new HelpDesk AI continually evolves through each customer interaction, fine-tuning its content delivery.

Juniper Research: Future Digital Award Winners Announced for Fintech & Payments 2023

Retrieved on: 
Tuesday, October 3, 2023

These awards celebrate organisations that have made strides in their industry and are poised to shape the future.

Key Points: 
  • These awards celebrate organisations that have made strides in their industry and are poised to shape the future.
  • They expect a 100% digital journey and real‑time services to manage their physical, digital and virtual cards.
  • Winning this award for our innovative cross-border payments infrastructure and solutions platform serves as an inspiration, fuelling our mission to simplify the way people move money, globally.
  • Ioannis Kitixis, Managing Director & Country Head, Worldline Merchant Services Greece, said: “It is a great honour for Worldline Greece to receive the Fintech POS Innovation award 2023 for the Smart POS app.

Innovative Payment Solutions Announces Funding of Second $500,000 Capital Contribution to IPSIPay Express

Retrieved on: 
Wednesday, September 20, 2023

CARMEL BY THE SEA, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB: IPSID) (“IPSI” or the “Company”), a FinTech provider of digital payment platforms, today announced the funding by IPSI of its second of three $500,000 capital contribution to IPSIPay Express, LLC (IPEX), a Joint Venture poised to redefine the landscape of digital payments in the rapidly growing sports betting, online gaming and entertainment sectors.

Key Points: 
  • The funding represents the second $500,000 tranche of IPSI’s $1.5 million commitment to IPEX and raises IPSI’s equity stake in IPEX from 11% to 22%.
  • Instant-Settlement in RealTime positions IPEX as a potential leading payment processor for these and similar industries, promising seamless, secure, and instantaneous account-to-account transfer payments from customers to merchants.
  • OpenPath specializes in providing payment solutions to companies processing large volumes of online payments, including major players like Shopify and BigCommerce.
  • IPSI plays a vital role to the JV Partnership by contributing the necessary working capital and facilitating essential banking partnerships.

Scotiabank selects CGI All Payments solution

Retrieved on: 
Monday, September 18, 2023

TORONTO, Sept. 18, 2023 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced that the company has been selected to deploy CGI All Payments , for Scotiabank – a leading Canadian multinational bank.

Key Points: 
  • TORONTO, Sept. 18, 2023 /PRNewswire/ - CGI (NYSE: GIB) (TSX: GIB.A) today announced that the company has been selected to deploy CGI All Payments , for Scotiabank – a leading Canadian multinational bank.
  • The modular, cloud-proven enterprise payments platform will support the Bank's innovative advances in payments solutions for its global client base.
  • "CGI All Payments provides a next-generation technology stack based on the ISO 20022 standard that complements the benefits of the SaaS delivery model and supports Scotiabank's commitment to deliver an industry-leading payments experience," says Matthew Parker-Jones, Senior Vice-President, Products and Operations, Global Business Payments for Scotiabank.
  • "This enables CGI to work with Scotiabank to support the Bank's continued payments innovation agenda and accelerate the benefits for their customers."

Finastra launches Compliance as a Service to help banks combat financial crime for instant payments

Retrieved on: 
Thursday, September 14, 2023

LONDON, Sept. 14, 2023 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces, today announced the launch of its new payment solution, Finastra Compliance as a Service on Microsoft Azure. The service includes Fincom's real-time AML (Anti-Money Laundering) transaction screening and ThetaRay's AI-powered transaction monitoring as a pre-integrated packaged solution with Finastra Payments To Go. The end-to-end solution, based on technology proven at many of the world's leading financial institutions, enables US and European banks to streamline and automate compliance processes to effectively deliver instant payments. The service will soon be integrated with Finastra Global PAYplus.

Key Points: 
  • The end-to-end solution, based on technology proven at many of the world's leading financial institutions, enables US and European banks to streamline and automate compliance processes to effectively deliver instant payments.
  • Finastra Compliance as a Service helps banks take advantage of, and comply with, a range of instant payment infrastructures, including the FedNow service in the US and TIPS in Europe, while mitigating the increased risks of financial crime.
  • Payments To Go is an end-to-end SaaS payment processing solution that enables banks to deliver instant and flexible digital payments faster and more efficiently.
  • Combined with specialist compliance services from Fincom and ThetaRay, Finastra Compliance as a Service harnesses the power of AI and ML to provide on-the-spot compliance checks for optimal operational efficiency for instant payments.

Finastra launches Compliance as a Service to help banks combat financial crime for instant payments

Retrieved on: 
Thursday, September 14, 2023

LONDON, Sept. 14, 2023 /PRNewswire/ -- Finastra, a global provider of financial software applications and marketplaces, today announced the launch of its new payment solution, Finastra Compliance as a Service on Microsoft Azure. The service includes Fincom's real-time AML (Anti-Money Laundering) transaction screening and ThetaRay's AI-powered transaction monitoring as a pre-integrated packaged solution with Finastra Payments To Go. The end-to-end solution, based on technology proven at many of the world's leading financial institutions, enables US and European banks to streamline and automate compliance processes to effectively deliver instant payments. The service will soon be integrated with Finastra Global PAYplus.

Key Points: 
  • The end-to-end solution, based on technology proven at many of the world's leading financial institutions, enables US and European banks to streamline and automate compliance processes to effectively deliver instant payments.
  • Finastra Compliance as a Service helps banks take advantage of, and comply with, a range of instant payment infrastructures, including the FedNow service in the US and TIPS in Europe, while mitigating the increased risks of financial crime.
  • Payments To Go is an end-to-end SaaS payment processing solution that enables banks to deliver instant and flexible digital payments faster and more efficiently.
  • Combined with specialist compliance services from Fincom and ThetaRay, Finastra Compliance as a Service harnesses the power of AI and ML to provide on-the-spot compliance checks for optimal operational efficiency for instant payments.

Modern Treasury and BMO Improve Speed of Payment Flows for Commercial Clients

Retrieved on: 
Thursday, September 14, 2023

Modern Treasury and BMO today announced the launch of a new innovative offering for shared commercial banking clients enabling them to seamlessly manage and track complex, high-volume payment flows.

Key Points: 
  • Modern Treasury and BMO today announced the launch of a new innovative offering for shared commercial banking clients enabling them to seamlessly manage and track complex, high-volume payment flows.
  • “We are excited to partner with BMO to bring clients a payments experience that matches the speed and ease of their software products.
  • This relationship will support current BMO customers that are looking to add more payment operations capabilities to their products.
  • It will also enable current Modern Treasury customers to take advantage of BMO’s North American presence and best-in-class-payment capabilities.”
    “We’re making banking faster and simpler for our clients by investing in sophisticated technology and partnering with organizations like Modern Treasury,” said Brett Pitts, Head, North American Treasury and Payment Solutions, BMO.

Innovative Payment Solutions Provides Update Letter to Shareholders

Retrieved on: 
Wednesday, September 6, 2023

CARMEL BY THE SEA, Calif., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“IPSI” or the “Company”), a leading FinTech provider of digital payment platforms, today provided an update letter to shareholders and interested parties from Chairman and CEO William Corbett.

Key Points: 
  • IPSI announces assignment of IPSIPay wallets and customers and elimination of associated debts and payment obligations; Company retains rights to “IPSIPay” brand.
  • CARMEL BY THE SEA, Calif., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB: IPSI) (“IPSI” or the “Company”), a leading FinTech provider of digital payment platforms, today provided an update letter to shareholders and interested parties from Chairman and CEO William Corbett.
  • OpenPath, headquartered in Irvine, California, provides payment solutions to companies processing large volumes of online payments.
  • This means that, for now, we are exiting the IPSIPay line of business and relieving IPSI of approximately $325,000 in payment obligations.

Innovative Payment Solutions Announces 1-for-30 Reverse Stock Split Effective as of Tuesday Morning, August 30, 2023

Retrieved on: 
Tuesday, August 29, 2023

Under FINRA rules, the Company’s common stock will be traded on the OTC Marketplace under the symbol “IPSID” on a split-adjusted basis for the first 20 trading days, after which the Company’s stock symbol will revert back to “IPSI”.

Key Points: 
  • Under FINRA rules, the Company’s common stock will be traded on the OTC Marketplace under the symbol “IPSID” on a split-adjusted basis for the first 20 trading days, after which the Company’s stock symbol will revert back to “IPSI”.
  • The new CUSIP number for the common stock following the reverse stock split is 45783M208.
  • At the Company’s 2022 Annual Meeting of Shareholders held on November 2, 2022, the Company’s shareholders approved a reverse split of the Company’s common stock in a range of between 1-for-2 and 1-for-30, with the final reverse split ratio to be determined in the sole discretion of the Company’s Board of Directors.
  • The Company’s Board of Directors recently approved a final reverse split ratio of 1-for-30.

Innovative Payment Solutions Announces Funding of Its Initial $500,000 Contribution to IPSIPay Express

Retrieved on: 
Thursday, August 3, 2023

IPSI also reiterated its previous statements that IPEX remains on track for a third quarter launch and initial revenues.

Key Points: 
  • IPSI also reiterated its previous statements that IPEX remains on track for a third quarter launch and initial revenues.
  • IPEX is developing an account-to-account payment application called Instant-Settlement in RealTime™, which revolutionizes frictionless payments for the online gaming and entertainment verticals.
  • This innovative solution positions IPEX as a potential leading payment processor for these and similar industries, promising seamless, secure, and instantaneous account-to-account transfer payments from customers to merchants.
  • The joint venture partners, IPSI, Open Path, and eFinityPay, are seasoned veterans in the payment industry, each contributing their expertise to the development of IPEX.