Digital Digest, March 2022

IPC Partners Up with Custodia Technology

IPC, the New Jersey-based provider of communications and multi-cloud connectivity solutions for the global financial markets and trading community, announced today (March 2nd) that it has entered into a strategic partnership with Custodia Technology, an independent global leader in financial compliance.

As a result of the partnership, clients will have access to the combined ability of multiple voice recording integrations providing full end-to-end compliance management solutions.

David Brown, the Chief Commercial Officer at IPC, who were founded in 1973, said of the partnership: “In partnership with Custodia, IPC is thrilled to be bringing these enhanced capabilities in voice and recording to our clients.

Trust Payments Launches Stor eCommerce Solution

Trust ?Payments, a financial technology firm, announced on Monday the official launch of Stor, an e-commerce platform for small and medium businesses.

According to the press release, the firm enables ISOs, banks and other third parties to sell Stor direct to merchants in the United States.

“We believe Stor is going to be a disruptor in the market. It will be a value-added solution for our partners to help broaden their relationships in their current book of business while remaining competitive and differentiated,” Jonathan O’Connor, the Group Chief Commercial Officer and US CEO of Trust Payments, commented.

Trust Payments acquired the Stor technology in early 2022 to accelerate e-commerce offerings for small and medium-sized organizations that often struggle with digitization strategies. The company provides online shopping solutions that give merchants access to a variety of easy-to-use tools. Staff based in the US will provide full support to ensure that the system is implemented and used across the country.

Stripe Is Offering Cryptocurrency Payments Again, Announced Partnership with FTX

Stripe payments processor is now supporting crypto payments to online businesses, again. Cryptocurrencies such as Bitcoin, Ethereum, Solana and USD Coin are supported by Stripe.

After ditching bitcoin in 2018, Stripe has announced a new partnership with FTX, FTX US, Nifty Gateway, Just Mining and Blockchain.com. John Collison, the Co-Founder and President of Stripe, made the announcement on Twitter.

Stripe supporting exchange as well as non-fungible tokens (NFTs) may be welcomed by the crypto community. Towards the end of 2021, Stripe formed a dedicated team to explore Web3 opportunities.

Visa Announces Completion of Tink’s Acquisition

Yesterday, NYSE-listed financial services provider, Visa announced that the company completed the acquisition of Tink, a prominent open banking platform in Europe that enables fintech companies, banks and other startups to develop data-driven financial services.

Tink facilitates its clients through a single API. The platform is integrated with over 3,400 banks and financial institutions. According to the details shared by Visa, Tink will continue to operate as a standalone subsidiary of the financial services provider in the near future.

In June 2021, Visa signed an agreement to acquire Tink in a deal worth 1.8 billion euros. Through the combination of its services with Tink, Visa is planning to assist its clients with sustainable benefits.

Sila Partners with Corpay to Expand Cross-Border Payment Capabilities

Sila Inc., a ?fintech ?software platform, announced on Wednesday that it had arranged a partnership with Corpay, which is a FLEETCOR brand that provides integrated cross-border payments and currency risk management solutions.

According to the press release, through the partnership, Sila’s customers will be able to access over 145 currencies across 100 countries in order to facilitate cross-border payments and access to global FX markets. In addition, there will be a seamless transition between domestic and international payment options for customers.

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