UK-based payments solution provider Arivpay has chosen Truevo to provide card machine and acquiring solutions to more than 10.000 businesses across the United Kingdom.
In the June issue of Tech Mag, our CEO, David Liu spoke about the big, hairy, audacious goal that has been driving the Truevo team.
The Visa Fraud Monitoring Program (VFMP), an initiative by Visa that helps merchants identify and lower excessive fraud activity, recently made updates to their dispute conditions. The main change applies specifically to a set of rules called Dispute Code 10.5
“Automation is important to stay competitive and ahead of the curve. However, to be competitive in the long run, it doesn’t mean one has to cut corners,” says Rob Lemmen, Chief Commercial Officer at Truevo. “The biggest challenge is to be appropriately vigilant while ensuring you offer merchants the fastest and easiest onboarding experience possible. When working with a high volume of merchants, it only makes sense to systemise and automate as many as possible, or most of your processes to take advantage of economies of scale. The way we’ve worked to do that at Truevo is to create a scoring system for merchants.”
From the rolling back of mandates to the rise of contactless transactions, the payments industry has seen its fair share of changes since the world learned about COVID-19 earlier this year. Visa and Mastercard have postponed merchant requirements scheduled for the spring. Contactless payment minimums have been raised around the world to discourage surface contact on areas where the virus can thrive. The UK’s Financial Conduct Authority extended its deadline for Strong Customer Authentication (SCA) for six months.
In October 2019, Mastercard announced they would be revising standards for their Excessive Fraud Merchant (EFM) and Excessive Chargeback Merchant (ECM) programs. These programs set
Full-service card acquirer and payment service provider, Truevo, has announced the launch of their point of sale solution into the United Kingdom, Ireland and Malta tody. Previously, Truevo specialised in online, mobile and push payment solutions, so this offering marks the broadening of their product range into the card-present industry.
We’re expanding! By another office, in fact. As we’ve grown, we’ve been keeping our eyes open for another work home in Europe that can house a further European arm of our IT and Product teams. Currently, we have offices in Malta and South Africa. Our headquarters are in Malta. South Africa hosts our Technical Team together with part of our Service Delivery and Human Resources. We’re developing new products and have achieved profit year on year, so it’s time for us to broaden out and support more of our European customer base. And with that, we’re off to Sofia.
Amsterdam and Delhi-based payment gateway, Newgen Payments has announced their partnership with European fintech company, Truevo today. The collaboration offers ISOs and PSPs a cutting-edge plug and play payment product to brand and market through their networks. Truevo is a full-service card acquirer and payment tech company which helps businesses accept card payments in over 120 currencies and receive settlements in the currency of their choice. They are renowned for inventive products like OCT, their push payment solution which sends near-instant payouts to over a billion eligible Mastercard and Visa cards across the globe.
PAX Technology, the world’s leading manufacturer of point of sale products announced today its partnership with European-based card acquirer and payment service provider, Truevo Payments. Together, the two companies will launch their point of sale solution to small and medium-sized businesses in the UK and Ireland, then on to the rest of Europe.