Fintech Finance

OCTOBER 9, 2024

Global holiday spending is expected to rise 16% in value from October through December 2024 compared to the same period last year, according to analysis by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology. In H1 2024, global BNPL transactions skyrocketed by an astounding 237%, nearly tripling in volume.

BNPL 90

BNPL Volume AI Alternative Payment Methods 90

PYMNTS

JUNE 13, 2019

As reported earlier in the week, Visa launched B2B Connect , a network focused on enabling financial institutions (FIs) to help their clients make B2B payments across borders. Phalen said the mindset has been “digital-first” — which means the transactions that flow across Visa B2B Connect use a digital identifier to pass payment instructions.

B2B 75

B2B Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 75

Segpay

SEPTEMBER 24, 2024

An answer to our pain has been developing over the past few years through paying with bank payments or transactions. These alternate payment methods are growing in popularity. After logging in, the customer authorizes the payment. Fee Frustration Does it feel like you keep getting hit with additional fees?

Accounts 96

Accounts Online and Mobile Banking Payments Authentication 96

Clearly Payments

SEPTEMBER 22, 2024

The MATCH (Member Alert to Control High-risk) list is a tool used by acquiring banks and payment processors to manage risk. Only acquiring banks have the authority to add or remove a merchant from this list, making it a powerful tool in the payments industry. What Is the MATCH List? How Do Merchants Get on the MATCH List?

PCI DSS 73

PCI DSS Processors Credit Cards Non-Bank 73

Fintech Finance

JANUARY 31, 2024

PXP Financial , the experts in payments, acquiring, fraud and data analysis services, today announces it has become a GooglePay Payment Service Provider (PSP). It boasts more than 150 million users worldwide and allows people to perform transactions without cash, making spending easy.

Service Provider 52

Service Provider Payment Service Provider (PSP) Alternative Payment Methods Gateways 52

Clearly Payments

APRIL 25, 2024

Named after its chief advocate, Senator Richard Durbin , this legislative moved was designed to fix the increasing interchange fees charged by banks for debit card transactions. Interchange fees are a largest portion of the transaction amount paid by the acquiring bank to the issuing bank for authorizing and settling the transaction.

Debit Card 71

Debit Card Federal Reserve Caps Credit Union 71

Stax

JANUARY 15, 2024

TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. It offers benefits, such as passing interchange fees to users, boosting profit margins, and encouraging alternative payment methods. Encouraging Alternative Payment Methods.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

JULY 16, 2018

PPRO enables businesses to accept more than 140 alternative payments around the globe, partnering with payment service providers and financial institutions. According to PayPal , in many markets, consumers are choosing to make payments via alternative methods, such as bank transfers, eWallets and cash.

PayPal 46

PayPal Cross-Border Alternative Payment Methods eWallet 46

Stax

JANUARY 10, 2024

Credit card transactions have quickly become the lifeblood of eCommerce businesses and storefronts alike. According to Capital One, global credit card transactions in 2022 reached an estimated 678 billion —an average of 1.86 Credit card companies typically charge merchants a fee for each transaction processed.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Fintech News

NOVEMBER 5, 2024

“This means that the potential here lies not necessarily in increasing the average spend per transaction, but rather in boosting the frequency of purchases through microtransactions, which are already popular in mobile-first markets,” de Abreu said. ” he stated.

APACS 86

APACS Online and Mobile Banking Payment APIs and Integration Credit Cards 86

The Fintech Times

OCTOBER 8, 2024

Nuvei is a fully licensed direct local acquirer in Singapore and Hong Kong , and recently obtained a Major Payment Institution (MPI) licence in Singapore. Hiroko Michishita , managing director, JCB International Asia Pacific, said: “Between 2021 and 2022, JCB has almost doubled the volume of e-commerce transactions in Singapore.

APACS 52

APACS Alternative Payment Methods Volume Acquirers 52

Fintech Finance

MARCH 4, 2024

Once approved, the payment is processed and funds move seamlessly from the customer’s bank account to the merchant’s settlement account, ensuring swift and hassle-free transactions. Together, we’re driving payment innovations that prioritise seamless transactions and significant cost savings for merchants.”

Point-of-Sale (POS) 59

Point-of-Sale (POS) Alternative Payment Methods Payments Settlement 59

The Fintech Times

JUNE 14, 2024

The partnership will integrate ViaPlus’ mobility back office, which processes and financially reconciles large volumes of transactions, with the global acquiring and processing reach and capacity of Nuvei to manage a wide variety of digital applications through extensive Alternative Payment Methods (APM) integrations.

Near Real-Time 59

Near Real-Time Alternative Payment Methods Payments Cross-Border 59

PYMNTS

JANUARY 20, 2017

Beyond cards — debit and credit cards — there’s a growing movement for merchants to accept alternative forms of payments in eCommerce, with digital wallets and bank transfers, to name just two. The commerce opportunity may be global, Webster and Gupta agreed, but the payments are local in nature.

Alternative Payment Methods 40

Alternative Payment Methods Cross-Border Payments Acquirers 40

Fintech Finance

MARCH 7, 2024

Ecommpay , a leading international Payment Service Provider and UK and European direct bank card Acquirer, is gearing up for a remarkable debut at the Merchant Payments Ecosystem (MPE) event, taking place from March 12-14, 2024, in Berlin.

Alternative Payment Methods 52

Alternative Payment Methods Fraud Prevention Service Provider Visa 52

Fintech Finance

NOVEMBER 14, 2024

A new study from Tribe Payments , the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, has revealed that 28% of merchants’ legacy in-person point of sale (POS) systems cannot support alternative payment methods like digital wallets and QR codes.

PCI DSS 71

PCI DSS Payment APIs and Integration Point-of-Sale (POS) CRM 71

The Fintech Times

MARCH 26, 2024

We are witnessing a significant surge in contactless and digital payment adoption. Financial institutions on both the issuing and acquiring sides are heavily investing to scale up digital payments. This shift is propelling an increase in low-value payment transactions, effectively displacing cash from the equation.

Innovation 59

Innovation Alternative Payment Methods Payments SWIFT 59

Clearly Payments

APRIL 9, 2024

Acquiring a banking license is an expensive and arduous process. It can take 1 to 2 years and cost $5 million or more to acquire a schedule 1 banking license. This includes in-person payments, where contactless payments using near-field communication (NFC) technology have become widely adopted, replacing the need for physical cards.

Finance 86

Finance FinTech Online and Mobile Banking Payment APIs and Integration 86

PYMNTS

JULY 25, 2019

For example, she said, some users may wish for payments to be done digitally, with speed and ease. Others may still prefer to transact with cash. Ives said, “Economic stratification and emerging payments trends around the globe mean businesses must strive for flexibility rather than totally reinvent their processes.

Online and Mobile Banking 75

Online and Mobile Banking Payments Cross-Border Alternative Payment Methods 75

Stax

MARCH 15, 2024

Making sure there are secure payment technology policies and procedures within your company will guarantee the integrity of present and future transactions. Secure payment systems are essentially the digital guardians of online shopping, keeping the customer’s money safe throughout the transaction. Digital Certificates.

Process 88

Process Security PCI DSS Encryption 88

Evolve Payment

OCTOBER 27, 2023

When customers opt to pay via credit card, they are presented with a clear popup that details any additional surcharge linked to the transaction. This ensures full transparency and empowers customers to make informed payment choices. For example, there are state that do not allow for surcharging fees to be added to a card transaction.

Credit Cards 52

Credit Cards ACH Alternative Payment Methods Caps 52

Fintech Finance

MARCH 18, 2024

The joint solution will help businesses reach local consumers with improved approval rates, reduced costs for cross-border payments through local acquiring and flexible remittance, either in local Thai Baht or cross-border in over 20 international currencies.

PCI DSS 52

PCI DSS Cross-Border Cross-Border Payments Consumer 52

Finovate

OCTOBER 21, 2024

After rumors swirled over the weekend, we now know that it is official : payments processing company Stripe has acquired stablecoin platform Bridge for $1.1 Bridge was founded in 2022 to serve as an alternative payment method to compete with SWIFT and credit cards.

Stablecoins 52

Stablecoins Cross-Border Payments Cross-Border Payment APIs and Integration 52

Nanonets

MAY 8, 2024

Introduction to Stripe Reconciliation Every digital purchase is a complex interplay of entities—Customers, Merchants, Acquirers, and Issuing Banks—that orchestrate the flow of funds. Stripe is a PSP that offers a suite of services to streamline payment processing and enhance the online shopping experience.

Reconciliation 52

Reconciliation Settlement Alternative Payment Methods Automation 52

PYMNTS

MARCH 13, 2017

Fraudsters are always looking for unsuspecting payments types that can be used to perpetrate their crimes. Today, that means alternative payment methods, or APMs. It’s because of this growth that banks, merchants and acquirers should pay attention to the ever-evolving market of alternative payments.

AML 59

AML Credit Cards Payments Law Enforcement 59

EBizCharge

AUGUST 8, 2024

Here are five significant benefits of using processing payments in Salesforce: Customer insight: Leveraging Salesforce merchant services for payment processing provides customer insights that assist in crafting targeted marketing strategies and personalized services.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

The Fintech Times

APRIL 25, 2024

By integrating Thredd APIs into its single platform for instant global payments, Nium has been able speed up transactions to 200 milliseconds when issuing and loading virtual cards in nearly 30 countries worldwide. The agreement pairs Elavon acquiring with FreedomPay commerce technologies.

FinTech 59

FinTech Payment APIs and Integration Alternative Payment Methods Cross-Border Payments 59

The Fintech Times

APRIL 30, 2024

Paystand, a blockchain-enabled B2B payments company, has acquired Teampay, a spend management software. Partnerships dLocal, a cross-border payment platform, has forged a partnership with Open English , an online English-learning platform.

FinTech 64

FinTech Online and Mobile Banking APACS AI 64

PYMNTS

JANUARY 3, 2017

As many FinTech companies globally acquire scale in consumer adoption market share, Le Moal said this is when they will need even more funding to get to the next level, but it won’t be coming from the traditional western VCs. Payments are very local, which is why alternative payment methods have become more important.”.

Alternative Payment Methods 45

Alternative Payment Methods Push-to-Card Interoperability Digital Payments 45

The Fintech Times

SEPTEMBER 10, 2024

In March 2024, emerchantpay, the global payment service and acquirer, solidified its position in the LatAm market by partnering with fintech, FitBank. Today, the business has evolved into a leading global payment service provider and acquirer for online, mobile, in-store and over the phone payments.

Payments Trends 59

Payments Trends Cross-Border Cross-Border Payments Payments 59

PYMNTS

OCTOBER 26, 2017

Understanding the preferred, locally sourced alternative payment methods (APMs) can make or break a merchant’s eCommerce initiative, and credit cards do not always pass muster. acquirers to help eCommerce sites brand well beyond their companies’ domestic stomping grounds. The company is partnering with U.S.

Cross-Border 40

Cross-Border Alternative Payment Methods Reconciliation Payments 40

PYMNTS

JANUARY 25, 2018

Merchant acquirers, processors and FIs must find ways to deliver. Companies must authorize and switch and route transactions in new ways, securely and with haste. People who launched a payments system around the turn of the century, said the Renovite COO, built broader versions of BASE24 and addressed all the known unknowns.

Alternative Payment Methods 41

Alternative Payment Methods Payments Push-to-Card Point-of-Sale (POS) 41

Payment Savvy

JUNE 12, 2023

For the most part, Venmo is well regarded by consumers and merchants alike, earning a reputation as one of the leading mobile payment services around. More recently, however, there has been a rise in reports from a small percentage of users suffering from the headache-inducing issue of declined transactions.

Venmo 52

Venmo Payments Payer Card Issuer 52

PYMNTS

MAY 1, 2018

Founder and CEO Bruce Parker explained that, similar to these existing techs, Modo provides a utility for managing complexity by supporting various types of connections – one to one, one to many, many to one and many to many – from one end of a transaction to the other. Second, the government has incentivized alternative payment methods.

Innovation 50

Innovation Payment APIs and Integration Payee Due Diligence 50

PYMNTS

DECEMBER 20, 2019

The year may be winding toward a close and slowing down, but this week the world of payments showed signs of neither as big players seemed to be racing down to the wire to get their big news out before the clock strikes 12 on the 31st and the calendar resets to 2020. The B2B Receivables Revolution . for each share.

Interoperability 52

Interoperability PayPal Cross-Border Payments 52

PYMNTS

DECEMBER 30, 2016

“The consumers who have been trained by online purchases are now doing those same types of transactions at an interactive vending machine or kiosk. EMV Rollouts Had Retailers Eyeing Alternative Payment Methods. When the experience is good and easy there as it is online, they’ll make the purchase in a heartbeat.”.

EMV 49

EMV Visa Alternative Payment Methods Multifactor Authentication 49

PYMNTS

JULY 16, 2018

Since airlines fly all over the world and transact in thousands of locations in hundreds of currencies daily, the industry has rather unique payment needs. In our system, the issuers and acquirers are the airlines, and we run the network and own the merchant contracts.

Payments 42

Payments Issuers PayPal Point-of-Sale (POS) 42