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October 12, 2021

Nuvei expands partnership with Visa to support digital payouts in US

By Shalini mani

Payment technology firm Nuvei has expanded its partnership with payment giant Visa to extend fast digital payouts to the US.

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The companies have already been working together to enhance digital payouts in Europe.

Canada-based Nuvei is expanding its payout capabilities in the US through the implementation of Visa’s real-time push payments platform, Visa Direct.

Visa Direct will help Nuvei’s clients to offer fast payout capabilities to their customers with near real-time routing and processing of transactions.

The firm expects the move to create a ‘secure and seamless’ payments experience for its merchant partners across any industry.

Nuvei chair and CEO Philip Fayer said: “As consumers are looking for faster, simpler and more connected experiences, it is crucial that we provide solutions that best address their needs. An important part of this is supporting payments in real time, delivering a truly frictionless payment journey.”

Visa Direct senior vice-president and global head Ruben Salazar added: “Our collaboration with Nuvei in Europe is already helping its customers realise the benefits of fast and secure digital payout capabilities via Visa Direct.

“We are excited to partner with Nuvei in the US so their clients can use Visa Direct to help them digitise paper-based, inefficient processes.”

Recent developments at Nuvei

In July this year, Nuvei adopted Alipay+ to make cross-border payments easier for merchants and help them take advantage of over 1.2 billion e-wallet users in the Asia Pacific region.

This June, Nuvei announced that its wholly-owned subsidiary received scheme licences to process UK payments post-Brexit.

The licences allowed the firm to continue acquiring and processing Mastercard and Visa payments for UK-based merchants past the expiry of the FCA Temporary Permissions Regime.

In May, Nuvei received approval to process sports betting and iGaming payments in Michigan.

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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
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Enter your details here to receive your free Whitepaper.

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