Connect with us
Prague Gaming & TECH Summit 2024

Fintech PR

NomuPay accelerates growth through acquisition of Total Processing

Published

on

nomupay-accelerates-growth-through-acquisition-of-total-processing

NomuPay to enhance their gateway-agnostic payment offering through the addition of merchant servicing capabilities like recurring transaction management, risk analytics and payment orchestration.

DUBLIN, Nov. 30, 2023 /PRNewswire/ — NomuPay, a modern end-to-end payment platform purpose built for expansion into regions of high cross-border and ecommerce growth, has acquired merchant services and bespoke payment processing solution provider, Total Processing. Terms of the deal have not been disclosed. NomuPay has confirmed the deal is a mixture of stock and cash. The deal, which comes just months after NomuPay’s Series A funding announcement, will enable the Ireland-based company to accelerate their business expansion efforts throughout Southeast Asia, Europe, Turkey as well as enter the Middle East. 

Previously named as one of the UK’s fastest growing private financial technology companies by The Sunday Times, Total Processing’s unique selling proposition is multifaceted. While the company prides itself on offering intuitive merchant services, including recurring-based payment collections and innovative merchant-facing portal, it was the organisation’s unwavering dedication to customer service that ultimately captured the attention of NomuPay CEO, Peter Burridge. “In an industry that’s plagued by over-automation, chatbots and so-called ‘simple’ solutions, Total Processing stands out as a company that truly cares about the merchant’s experience,” explained Burridge. “What impressed me the most was the team’s mission and drive to become the ‘most customer focused payments business in the world’; it’s apparent at every stage of the value chain. From streamlining the onboarding process, to improving authorisation rates and simplifying chargeback management, Total Processing’s consultative approach is maniacally focused on improving each and every one of their merchants’ businesses.”

Engineered to simplify fragmented payment infrastructure throughout Southeast Asia, Europe and Turkey; NomuPay’s Unified Payments (uP) Platform provides scalable payment solutions and robust data management capabilities that are gateway agnostic. With the integration of Total Processing’s merchant-centric services, the company plans to maintain this agnostic approach, providing gateway and payment service provider partners with turnkey reporting dashboards, transaction monitoring tools, multi-currency treasury management and cross-border disbursement capabilities. A licensed provider in Europe and multiple Southeast Asian countries, NomuPay will provide Total Processing with additional acquiring capabilities in Hong Kong, Malaysia, Thailand, the Philippines and the European Union. “Having NomuPay’s acquiring capabilities underpinning our merchant servicing offering is a big leap forward, we’re aligned in our customer-first approach, and this partnership will supercharge Total Processing’s growth.” said Robert Pailin, Total Processing’s CEO. “With more resources we’ll be able to innovate tech faster, expand into new markets, and bring even greater value to our merchants. Exciting times ahead!”

Following the acquisition, NomuPay plans to further scale Total Processing’s merchant tooling into Hong Kong and other key Southeast Asian markets. The company will also leverage Total Processing’s presence in the UK and UAE to further bolster their European operations and grow market share in the Middle East. “At NomuPay, our goal is to provide our customers with an ‘all-access pass’ to payments, future-proofing their ability to successfully scale in high-growth regions,” said Burridge. “The acquisition of Total Processing will enable us to unlock that access through dedicated solutioning and customer-driven servicing.

Since announcing their funding round earlier this year NomuPay has continued to grow and expand their product offering. This includes the recent launch of their payout capabilities, which enables merchant disbursements throughout Europe, Southeast Asia and the Pacific Islands.

About NomuPay 

The modern end-to-end payment solution, NomuPay’s Unified Payment (uP) Platform makes it easy to accept payments and send payouts in Europe and across the expansion markets of Southeast Asia and Turkey through a single integration. Purpose-built to support your international growth efforts, the uP Platform’s secure API unlocks a wide range of payment acceptance methods, including card, buy-now-pay-later solutions, instalment payment plans, and local alternative payment methods in Thailand, Malaysia, Hong Kong, the Philippines and Turkey. Architected to enable payouts based on your organisation’s unique payment workflows, NomuPay’s uP Platform provides payment providers, large enterprises, and sophisticated marketplaces with end-to-end payment visibility and traceability.  

Founded in 2021, NomuPay is Institutional funded and has a presence in Dublin, Hong Kong, Kuala Lumpur, Manila, Istanbul and Bangkok. The executive team is comprised of industry veterans with previous experience at Hyperwallet (a PayPal Service), US Bank, Barclays, Ingenico, Evo Payments, and American Express.  

For more information about NomuPay, visit: https://nomupay.com/
Follow us on Linkedin at https://linkedin.com/company/nomupay  

About Total Processing

Established in 2015, Total Processing is transforming the payment industry with a relentless focus on customer-centricity. Based in Manchester, the company offers tailored payment solutions to simplify the merchant experience, enhanced reporting, and a market leading recurring payments platform. With access to an extensive network of acquirers, and a diverse range of payment methods, Total Processing is driving higher approval rates and revenue for businesses worldwide.

Total Processing’s unwavering dedication to its customers, coupled with its cutting-edge payment technology, is setting new industry standards. Whether through innovative payment solutions or advanced fraud prevention tools, Total Processing empowers businesses to thrive in the digital economy.

For more information about Total Processing, please visit: https://www.totalprocessing.com/  
Follow us on Linkedin: https://uk.linkedin.com/company/total-processing

Ben Goldsmith, [email protected], +44(0)7788295321

 

View original content:https://www.prnewswire.co.uk/news-releases/nomupay-accelerates-growth-through-acquisition-of-total-processing-302002073.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

MIAX Named Best Trading Platform at the Fund Intelligence Operations and Services Awards 2024

Published

on

miax-named-best-trading-platform-at-the-fund-intelligence-operations-and-services-awards-2024

PRINCETON, N.J., Feb. 22, 2024 /PRNewswire/ — Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire, LLC (MIAX SapphireTM), Minneapolis Grain Exchange, LLC (MGEXTM), LedgerX LLC (LedgerX), The Bermuda Stock Exchange (BSX), and Dorman Trading, LLC (Dorman Trading), today announced that MIAX has been named the “Best Trading Platform” at the Fund Intelligence Operations and Services Awards 2024.

“We are honored to be recognized for the second year in a row as recipients of the award for ‘Best Trading Platform,'” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX. “The members of our technology team are regarded as some of the best in the exchange industry and this award is a testament to their talents.”

Since 2016, MIAX has been named a winner every year at the Fund Intelligence Operations and Services Awards. MIAX won the “Most Innovative Technology” for the years 2017 through 2020, received the “Best Options Trading Platform” award for 2021, and the “Best Trading Platform” award for 2022.

“Our in-house built, proprietary technology has been an integral part of MIAX’s successful track record, and we continually evaluate and refine our infrastructure to support the increasing demands of the exchange industry,” said Matthew J. Rotella, Senior Vice President and Chief Technology Officer of MIAX. “MIAX Exchange trading platforms have been fully operational 99.999% of the time since we launched our first exchange in 2012, even as trading volumes have surged and financial markets have experienced multiple periods of elevated market volatility. We remain dedicated to delivering world-class speed and reliability to our customers in 2024 and beyond.”

For over 20 years, the Fund Intelligence Operations and Services Awards have recognized and rewarded the outstanding skills and talents of the vendor community servicing the complex and evolving needs of asset managers and their clients.

About MIAX
MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire LLC (MIAX SapphireTM), Minneapolis Grain Exchange, LLC (MGEX™), LedgerX LLC (LedgerX), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading).

MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission that are enabled by MIAX’s in-house built, proprietary technology. MIAX offers trading of options on all three exchanges as well as cash equities through MIAX Pearl Equities™. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism. MIAX also serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY).

MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and offers trading in a variety of products including Hard Red Spring Wheat Futures. MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM and DCO services in an array of asset classes.

LedgerX is a CFTC regulated exchange and clearinghouse and is registered as a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO) and Swap Execution Facility (SEF) with the CFTC.

BSX is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organized in 1971. BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.

Dorman Trading is a full-service Futures Commission Merchant registered with the CFTC.

MIAX’s executive offices and National Operations Center are located in Princeton, N.J., with additional U.S. offices located in Miami, FL. MGEX offices are located in Minneapolis, MN. LedgerX offices are located in Princeton, N.J. BSX offices are located in Hamilton, Bermuda. Dorman Trading offices are located in Chicago, IL.

To learn more about MIAX visit www.miaxglobal.com.

To learn more about MGEX visit www.miaxglobal.com/mgex.

To learn more about LedgerX visit www.ledgerx.com.

To learn more about BSX visit www.bsx.com.

To learn more about Dorman Trading visit www.dormantrading.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.

Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
[email protected]

Logo – https://mma.prnewswire.com/media/1396492/MIAX_Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/miax-named-best-trading-platform-at-the-fund-intelligence-operations-and-services-awards-2024-302068863.html

Continue Reading

Fintech PR

Pentera Launches Global Partner Program to Accelerate Growing Channel

Published

on

pentera-launches-global-partner-program-to-accelerate-growing-channel

Pentera’s program empowers ecosystem partners to accelerate their growth across more than 50 countries globally

BOSTON, Feb. 22, 2024 /PRNewswire/ — Pentera, the leader in Automated Security Validation, today announced the launch of its new Partner Program. The global program reinforces Pentera’s channel-first go-to-market strategy and offers its channel partners a more lucrative and systematic approach to creating, managing, and growing sales opportunities.

From the moment they join the program, Pentera partners have access to the company’s complete portfolio of award winning Automated Security Validation solutions, including Pentera Core, Pentera Surface, RansomwareReady™, and Credential Exposure. Pentera’s one-day Proof of Value (PoV), empowers partners to rapidly prove product value, and shorten traditional sales cycles to drive revenue.

“Partnering with Pentera was an excellent decision. Their swift response times and efficient onboarding have made collaboration smooth sailing,” said Alexander Stemper, VP of Security Sales at NTT DATA Deutschland. “Pentera’s automated security validation solution integrates seamlessly into our offering and has strengthened our ability to shield our clients from evolving threats. We are excited for the new partner program and looking forward to the next chapter of our successful partnership to protect businesses worldwide.”

The Pentera Partner Program meets a range of partner needs while rewarding them for the value they deliver throughout the customer lifecycle. The program is based on three tiers of participation – Associate, Premier, and Elite. Each tier offers progressively more lucrative financial incentives and discount structures, as well as more advanced training opportunities, sales tools, and marketing support. The program features:

  • Onboarding sessions, including in-person and online sales and technical workshops
  • Deal registration incentives and price protection
  • Personal training and certification program options
  • A digital resource portal, including sales toolkits, email templates, materials for co-branding, demos, and on-demand trainings
  • Access to demo and lab environments
  • Access to PoV licenses

Pentera has been doubling its business year-over-year since going to market in 2018. The company is a global market leader with customers in over 50 countries and regional offices across 18 countries in North America, EMEA, APAC, and LATAM.

“Since going to market, Pentera has established itself as the unquestioned leader in Automated Security Validation across every metric,” said Kirt Jorgenson, VP Global Channel at Pentera. “The introduction of the Pentera Global Partner Program represents a significant investment from Pentera in the success of its partners and will enable our partner ecosystem to play an even larger role in our channel-first go-to-market strategy. As Pentera continues to grow, we will continue to increase our investment in the channel to power the mutual growth of both Pentera and our global partner ecosystem.”

About Pentera

Pentera is the category leader for Automated Security Validation, allowing every organization to test with ease the integrity of all cybersecurity layers, unfolding true, current security exposures at any moment, at any scale. Thousands of security professionals and service providers around the world use Pentera to guide remediation and close security gaps before they are exploited. For more info, visit: pentera.io

Media contact for Pentera
Noam Hirsch
Senior PR Manager
[email protected]

 

View original content:https://www.prnewswire.co.uk/news-releases/pentera-launches-global-partner-program-to-accelerate-growing-channel-302068593.html

Continue Reading

Fintech PR

SOUTH AFRICAN MOBILE OPERATORS ANNOUNCE NEW SERVICES TO COMBAT FRAUD, AS PART OF GSMA OPEN GATEWAY INITIATIVE

Published

on

south-african-mobile-operators-announce-new-services-to-combat-fraud,-as-part-of-gsma-open-gateway-initiative

Telecommunications operators Cell C, MTN, and Telkom welcome launch of two universal network APIs, that will be available in South Africa, to help combat fraud and digital identity theft in sectors including banking, finance, insurance, and retail

JOHANNESBURG, Feb. 22, 2024 /PRNewswire/ — As part of the global GSMA Open Gateway initiative, South African operators will now be able to implement world-class Number Verification and SIM Swap – Application Programme Interfaces (APIs) – to coincide with the start of MWC 2024. They will be available to all mobile commerce, financial institutions, and developers to create new services to combat digital fraud and protect South Africa’s 47 million mobile subscribers.

South Africa saw a 24% surge in reported incidents of digital banking fraud in 2022, according to a report published last year by the South African Banking Risk Information Centre (SABRIC). The rise, which resulted in cybercriminals stealing over R740 million from unsuspecting victims, was primarily attributed to the growing number of fraud cases related to banking applications and online banking.

Given the alarming surge in digital banking fraud in South Africa, standardizing APIs by Mobile Network Operators (MNOs) presents a promising avenue for mitigating such threats. By leveraging their infrastructure and expertise, MNOs can enhance security measures within banking applications and online banking platforms. They are also able to implement robust fraud detection and prevention mechanisms, bolstering overall resilience of digital banking systems against cyber threats.

The standardization of APIs allows developers to implement:

  • Number Verification – offers seamless verification of a user’s mobile number by providing the next generation of strong authentication and user experience. It is a simple evolution path for any business that uses mobile numbers and SMS One-Time-Passwords. Instead of relying on SMS, Number Verification can be seamlessly and automatically activated to verify a user’s identity.
  • SIM Swap – used to check whether a given phone number has recently changed SIM cards. This helps to prevent account takeover attacks, in which fraudsters take control of the account owner’s SIM card using social engineering techniques and stolen personal data. For example, at the time of a financial transaction, a financial institution can check whether the relationship between the customer’s phone number and SIM card has recently been changed, helping them to decide whether to approve the transaction or not.

Continue reading the full press release here.

Photo – https://mma.prnewswire.com/media/1882833/GSMA_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/south-african-mobile-operators-announce-new-services-to-combat-fraud-as-part-of-gsma-open-gateway-initiative-302068864.html

Continue Reading

Trending