Gateway vs. switch: it is not an either/or only question

Originally published on The Paypers Bruce Parker, Modo, explains why gateways and switches fall short of working with “unhappy” payments and how merchants must change their tactics when going global By Bruce Parker, CEO of Modo As the number of digital payments continues to rise, there isn’t much disagreement that merchants need to be connected to […]

Less Isn’t More In Modern Disbursements

By Bruce Parker – Originally posted on PaymentsJournal  What’s the best way to disburse funds? Aha! It was a trick question. The answer depends less on you, the party sending the money, and more on who’s receiving it. For banks thinking about new ways to do disbursements, especially digital ones, and especially on the global […]

Finextra: Deutsche Bank buys stake in Modo to expand payments biz to non-bank platforms

Written by Finextra  Deutsche Bank has moved to beef up its transaction banking franchise through the acquisition of a stake in US startup ModoPayments. Terms of the deal were not disclosed. Founded in 2010, Dallas-based Modo works to reduce friction in the payments industry through technology that creates interoperability between systems, without needing changes to […]

PYMNTS: Deutsche Bank invests in Modo

Written by PYMNTS   Deutsche Bank announced that it has acquired an equity stake in Modo Payments, a payments technology company focusing on reducing friction in the payments industry. “Payments are the bloodline of banking. More and more global payments are executed electronically via FinTech and online platforms,” John Gibbons, head of global transaction banking at Deutsche […]

Finovate: Deutsche Bank Takes Equity Stake in Modo Payments

Written by Finovate Payments technology company Modo Payments announced this afternoon it received an equity investment from Deutsche Bank. The amount was undisclosed. Prior to today’s announcement, Modo had raised a total of $11.3 million since it was founded in 2010. The German bank plans to leverage Modo’s technology to expand its digital business-to-business and business-to-consumer payments. Specifically, Deutsche […]

Bloomberg: Deutsche Bank Pushes Digital With Second Fintech Deal This Year

Written by Bloomberg   Deutsche Bank AG beefed up its digital banking operations again with a second investment in a fintech startup within four months, a move that points to a slow revolution at one of its most important divisions. The German lender, which has been shrinking staff and operations internationally, agreed to buy an unspecified […]

Integrating new payment methods is painful

Modo CEO, Bruce Parker, spoke with The Paypers on the difficulties and inefficiencies of integrations, and why interoperability is the way to ensure future payment success. Read the article originally published on The Paypers below.  From PayPal and Alipay to Target REDcard and the pervasive mobile “Pays” (Apple, Google and Samsung), new payment methods are […]

Modo: Interoperability Is Payments’ Better Mouse Trap

Our fearless leader, Bruce Parker, spoke with PYMNTS about how Modo is changing the payments game through interoperability. Modo’s payments utility enables interoperability between systems and allows payment systems to exchange payments data without having to make any changes to their existing infrastructure. Read more about it in this excerpt from PYMNTS’s interview with Bruce.  […]

Interoperability Powers The Three Cs In Payouts

Modo CEO, Bruce Parker, sat down with PYMNTS to talk about the needs of the rapidly growing gig economy, the complexity around sending money to Alternate Payment Methods (APMs), and how interoperability is the answer. An excerpt from the interview is below, and you can access the full article here.  Parker says the marketplace is […]

The Payments Plumber on Breaking Banks Podcast

Summary of an episode of the Breaking Banks Podcast   Bruce Parker, CEO of Modo, made an appearance last week on the Breaking Banks podcast hosted by Brett King. As Bruce joked, he was the Resident Payments Plumber for the show. You can listen to Bruce’s section of the podcast above, or read a summary of the […]

Twitter
Facebook
LinkedIn