Regal Software Announces RegalPay One to Simplify Payments for the B2B Space | News

ATLANTA, Oct. 14, 2020 /PRNewswire/ — Regal Software, a MineralTree company, announced today RegalPay One, a cloud-based solution that allows financial institutions to offer white-labeled, integrated payables to corporate customers. The new platform builds on the success of its predecessor, RegalPay, which has been on the market since 2008, with over 160 ERP systems integrated. The platform is compatible with most major banks in the U.S.

The RegalPay One application will enable regional and community banks to instantly provide a white-labeled platform for their corporate customers to automate their accounts payable function without a huge investment in technology. Business users can simplify their payments processing with the ability to transmit all payment types, including virtual cards powered by Mastercard In Control for Commercial Payments (Mastercard In Control), as well as check, Automated Clearing House (ACH), and wire from their accounting system, without double entry. Reconciliation is also included.

“Unlike

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Jodie Kelley from Electronic Transactions Association Says COVID Provides Strong Impetus to Change How we Settle Payments

Jodie Kelley, CEO of the Electronic Transactions Association (ETA), a major trade association for the global payments industry, representing more than 500 companies, has argued that the COVID-19 pandemic provides a strong impetus or reason to change how we interact and conduct transactions.

Expressing views similar to many other Fintech professionals, Kelly thinks that the changes in consumer behavior we’re seeing right now, such as increased use of digital services, are most likely permanent and will accelerate further.

She believes that as consumers get used to the new norm and begin understanding how to use digital technologies, they’ll realize that it’s actually quite simple and convenient. She claims that once people are comfortable with using digital apps, which may include digital financial services, then they’re not going to shift back to more traditional ways of transacting.

Consumers in the US and across the globe have been conducting more contactless

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PayPal and Square Could Gain as EU Mulls iPhone Payments Rules

PayPal  (PYPL) – Get Report and Square  (SQ) – Get Report could be among the winners as the EU’s antitrust regulator mulls rules that could end Apple Pay’s monopoly on iPhone tap-to-pay services.

Following reports to the effect, the European Commission says it’s thinking about enacting rules that would give payment services a right of access to “infrastructure” such as the NFC chips placed within smartphones. These chips enable tap-to-pay services such as Apple Pay and Google Pay (formerly known as Android Pay).

The announcement arrives three months after the EC said it’s probing Apple’s  (AAPL) – Get Report App Store and Apple Pay policies.

In the case of Apple Pay, the EC said in June that it was concerned about Apple Pay being the only tap-to-pay solution allowed on iOS and iPadOS devices. The agency also said it was probing alleged restrictions on

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FAB and Aldar to provide consumer card payments to real estate customers

First Abu Dhabi Bank (FAB) has partnered with Aldar’s real estate management firm, Provis, to provide consumer card payments for real estate customers.

The partnership will see FAB continue to build its leadership position in the payments space and enable Provis to provide best-in-class cards payment acceptance services to all rental customers within Aldar owned properties.

Hana Al Rostamani, deputy group CEO and head of Personal Banking at FAB, said: “The coming together of two powerful homegrown and Abu Dhabi-based organisations will further boost the drive for digital transformation of the payment landscape and consumer services. The extension of our digital payments offering into the real estate sector comes at a pivotal time. Consumers are increasingly shifting to electronic payments for all manner of purchases and the effects of Covid-19 has accelerated that trend.”

With real estate payments traditionally cash and cheque reliant in the UAE, the service will provide

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London based money transfer app, PassTo, teams up with TrueLayer to offer seamless international payments

LONDON, Sept. 14, 2020 /PRNewswire/ — London’s latest Fintech startup, PassTo, today announced the launch of its open banking feature in partnership with market-leading financial API provider TrueLayer, to offer Open Banking-based payments to its UK customers.

Launched in late 2019, PassTo has delivered a reliable money transfer service to expats living in the UK. After the success of PassTo’s latest campaign aiding expats in the UK, and with a transfer amount growth rate going as high up to 300% over the last 3 months, it is now teaming up with TrueLayer to deliver the benefits of Open Banking.

Powered by TrueLayer’s Payments API, PassTo can now offer an improved user experience, streamlining the end to end process of depositing and transferring money. Rather than funding transfers by bank deposit, which can take a few minutes, users can now securely and seamlessly connect a funding source to PassTo, enabling

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Digital Payments Firm Strikes Gold in Egypt, Where Cash is King

(Bloomberg) — An Egyptian digital payments firm has quadrupled in value during the pandemic, helped by a government push to reduce citizens’ heavy reliance on cash. Investors and analysts are split on whether the stock rally has further legs.

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Fawry for Banking & Payment Technology Services SAE debuted on Cairo’s exchange just over a year ago. A 300% rally from a mid-March low has boosted its market value to 20 billion Egyptian pounds ($1.3 billion). That puts Fawry among the country’s 10 most valuable companies alongside firms such as Telecom Egypt Co. and Elswedy Electric Co., which generate many times more revenue and profit.

Egypt, where it’s common for government employees to ring doorbells to collect cash payments for gas and electricity bills, is trying to shift more transactions digital. The North African nation’s central bank has asked lenders to set a strategy to ensure all citizens have

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Employers enjoy automated ETF payments through DFCC iConnect

With the expansion of DFCC Bank’s digital footprint within the country’s banking industry, the Bank has placed added focus on the SME sector, the backbone of the country’s rural economy, by providing financial assistance where necessary in order to support their growth. One such product that caters to this business category is DFCC iConnect.

DFCC iConnect is a fully integrated Payments and Cash Management (PCM) system that is geared to support all businesses, from large conglomerates to SMEs. This solution empowers DFCC Bank’s business clients with access to their account transaction information from any location, locally or globally, at their convenience. DFCC iConnect has been recognised widely as a best-in-class transaction banking product and specialised service catering to corporate and SME customers.

Taking employer convenience one step further, DFCC iConnect now enables businesses to perform automatic payment settlements to the Employees’ Trust Fund (ETF) Board. This specialised product is aimed

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