Market News
Recent Developments:
New product launches
- In September 2023, Citi Treasury and Trade Solutions offers traditional and non-traditional financing strategies such as Open Account, Letters of Credit and Documentary Collections, introduced four payment solutions tailored for Financial Institution (FI) clients, aiming to enhance the experience for their end users. This offering grants FI clients access to innovative features, all of which can be integrated with minimal to no implementation efforts or technological development.
- In August 2023, Financial Software & Systems (FSS), known for its payment solutions, unveiled its latest payment technology platform named 'Blaze'. This platform is specifically crafted to meet the requirements of banks and financial institutions.
- In April 2022, Contis enables businesses to easily provide trusted and innovative financial, introduced a fresh payments card processing solution named process.pay. This certified solution by Visa and Mastercard facilitates global processing for credit, debit, and prepaid card transactions. As Contis adapts to the shifting demands of the digital payment era, this technology represents a significant advancement in its suite of PayTech solutions.
Acquisition and partnerships
- In May 2023, Cyntexa, a premier Salesforce Consulting Partner committed to delivering innovative solutions, revealed its collaboration with MerchantE, a leading digital commerce platform providing extensive payment processing services to U.S. businesses. This alliance with MerchantE seeks to enhance the functionalities of ChargeOn, our AppExchange app crafted for effortless Salesforce payment gateway integration.
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