Author Archives: admin

Establishing a payment institution in Lithuania

Given the possibility of the upcoming UK’s withdrawal from the EU, Lithuania has offered an interesting proposal for licensing of payment institution. The Lithuanian regulator proposes to issue payment licenses under accelerated program to all claiming companies already having similar … Continue reading

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Reasons for creating a payment business in Europe

Maxim Ivanchenko, CEO Canopus IT, Advapay project founder. In my opinion, there are at least 4 main reasons why it makes sense to create a payment business in Europe. 1. Improved legislation; 2. Capacity of the market; 3. Significantly better … Continue reading

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Maxim Ivanchenko about the main trends of development of the payment systems market

Maxim Ivanchenko, CEO of Canopus IT and founder of the Advapay.eu project, about the main trends of development of the payment systems market. When trying to define modern trends of the payment market in a few words, one could say … Continue reading

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How global trends affecting either fintech-companies themselves and clients

Operational Director of  Canopus Innovative Technologies and management analyst Vitaly Lobanov made an overview of global trends affecting either fintech-companies themselves or clients of fintech-companies operating in payment business. Rusbase publishes infographics with the author’s comments. How the work was done … Continue reading

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The “Payment Innovations and Alternative Payment Systems” international conference has come to an end

On the ninth of June, a “Payment Innovations and Alternative Payment Systems” international conference took place at theconference room of the Digital October center. The event was organized by Advapay Events that is already familiar to the participants of the … Continue reading

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Ended up an online interview with Sergey Yurlov

Another online interview passed on the informational portal Advapay, which caused a great interest among the participants of the Russian market of payment systems and services. These projects provide the opportunity to put their question to professional experts of the … Continue reading

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The international webinar on How to create a payment business in Europe has come to an end

The past two-day international webinar on How to create a payment business in Europe has shown an active interest of the members of the Russian market to the expansion of their business boundaries. The legal and economic aspects have been … Continue reading

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Canopus IT and LatCard AS agreed on cooperation

Canopus IT has partnered with the Latvian company LatSard AS, a principal member of MasterCard international payment system. Within the cooperation it is planned to issue cards and provide customers with Internet acquiring services. The Latvian payment service provider LatSard … Continue reading

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Canopus IT has introduced an innovative financial transaction authentication system

Recently, Canopus IT has introduced a new product – mobile MAC-generator for smart phones that runs on OS Android. The main advantage of the MAC-generator is that the user’s data is protected even if the perpetrators got to know the … Continue reading

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New rules for the security of online payments in the solutions of Canopus IT

In August 2015, the new rules for the security of online payments came into force in the European Union, in accordance with the regulations, adopted by the European Central Bank and the European Agency for Banking Supervision. These regulations, binding … Continue reading

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