Payments round-up: 22 November 2017
Hot on the heels from Monday’s (20 November) round-up, here are more lively adventures in the paytech space. Featuring Manigo powering up; Volante Technologies and eVision in North Africa; and ACI Worldwide and Payworks getting friendly.
Digital money platform Manigo has launched. The firm, which is based in London’s tech hub Level39, says it will provide a “360° digital finance customer experience and new plug-and-play business models for its partners”. It will focus on integration of services, open architecture and blockchain incorporation. Stevan Bajic, CEO Manigo, states: “It is no longer relevant who is providing the financial service, but simply that it works well and that customers’ money is safe. As a result, the actual provider of the financial service is being pushed to the background. Banking is becoming a commodity. The focus has turned to a seamless customer experience.”
The Manigo app provides multi-currency accounts with Mastercard debit cards linked to them, along with a social payments facility as part of a built-in messaging application and a standalone budgeting function. The same technology runs business accounts with expense automation and international payments via web dashboards as well as merchant services with omnichannel checkout solutions. The start-up has also unveiled a public crowdfunding campaign for its second round of investments.
Volante living the (North African) dream
North African payments firm eVision has chosen Volante Technologies’ VolPay Suite to help deliver solutions across the Egyptian and North African banking and finance markets. Amr Soliman, founder and CEO, eVision, calls Volante’s microservices-based architecture “second to none” and “unlike legacy products their technology enables customers to build highly configurable and extensible business services”.
eVision offers services in financial transaction dispute management, anti-money laundering (AML) and Swift message archiving and workflow. It says “many banks in Egypt still rely on legacy systems for their payment and remittance processes” and naturally reckons it can tap this market in style.
ACI Worldwide says it has expanded its cloud-based capabilities through a licensing agreement with point of sale (POS) infrastructure provider Payworks. According to the firm, ACI’s front-end integration of Payworks technology extends its UP Merchant Payments solution. The integration means a POS solution in the cloud, which is pre-certified with multiple card readers, processors and acquirers.
Christian Deger, CEO and co-founder, Payworks, says: “For many years, we’ve seen brick-and-mortar retailers moving online, but on separate platforms. With the solution offered by ACI, merchants have access to a true omnichannel payment gateway that consolidates both digital and physical transactions.”
