Canada Adopts ISO 20022 to Modernize Payments

Canada Adopts ISO 20022 to Modernize Payments

Canada has adopted ISO 20022, a major step in the modernization of Canada’s payment system. The announcement comes as demand for ISO 20022 is widespread among Canadian businesses. ISO 20022 is a global standard for electronic payment messages that will help businesses and financial institutions facilitate the move away from paper by creating the ability…

eMoney Remitly Lands $38MM Mezzanine Funding

eMoney Remitly Lands $38MM Mezzanine Funding

Seattle-based Remitly, the largest independent digital money transmitter in the US, has closed a $38.5 million Series C funding round. Stripes Group led this round and was joined by Vulcan Capital, both new investors in Remitly. Existing Remitly investors also contributed to the round including DFJ, DN Capital, Bezos Expeditions and Trilogy Equity Partners, among…

Interac Token Service Provider Hits Prime Time

Interac Token Service Provider Hits Prime Time

Interac/Acxsys has unveiled enhanced innovative capabilities that are setting the standard for secure debit payments and accelerating the growth of digital payments in Canada. A key development is the Interac Token Service Provider (TSP), which is among the first for a domestic debit network globally. This proprietary token generation and management service enables financial institutions,…