EBizCharge

MAY 15, 2024

Payment Initiation: Once the buyer receives the invoice, they initiate the payment process. Payment methods commonly used in B2B transactions include bank transfers, checks, electronic funds transfers (EFT) , credit cards, and increasingly digital payment platforms.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Stax

DECEMBER 27, 2023

A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. Once funds are verified, the card issuing bank will issue an approval code for the acquiring bank to transfer funds to the business’s merchant account.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

Stax

APRIL 30, 2024

TL;DR Merchant processing ensures that all entities, such as the issuing bank, the acquiring bank, and the card company, work cohesively to facilitate payments between a customer and a business. In order to receive card-based payments, businesses need to have a merchant account. Otherwise, they can also decline the payment.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

Clearly Payments

JUNE 3, 2024

However, in PCI tokenization, the payment acquirer will pass the actual Primary Account Number (PAN) to the card issuing bank. Payments Gateways and Tokenization Many payment gateways support both Network Tokenization and PCI Tokenization. This makes network tokenization more secure than PCI tokenization.

PCI DSS 59

PCI DSS Payment Gateways Gateways Payments 59

Clearly Payments

APRIL 3, 2024

Transaction Initiation Customer Payment: The process begins when a customer makes a payment using a credit/debit card or other payment methods at a merchant’s point of sale (POS) system or online checkout. Visa, Mastercard). This usually occurs within a few days.

Process 59

Process Processors Online and Mobile Banking Payments 59

Finovate

OCTOBER 11, 2024

.” BOCHK’s partnership with Worldline reflects the trend in the payments industry toward open platform solutions. Already available in other markets, Worldline’s Paysuite Essential Edition offers issuing, acquiring, authorization, switching, and routing functionality.

Multi-Currency 104

Multi-Currency Stablecoins Visa Cross-Border Payments 104

Payment Savvy

JULY 3, 2024

Consumer Payment Choice, an impressive 85% of adults in the United States use them as a payment method. As the preferred method for many, debit card transactions offer convenience, security, and immediate fund transfers, making them integral to modern commerce. This information is then sent securely to the acquiring bank.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Clearly Payments

DECEMBER 5, 2023

In the intricate landscape of payment processing, merchants encounter a myriad of options, each playing a pivotal role in the facilitation of financial transactions. Acquirers or Acquiring Banks Acquirers, also known as acquiring banks , form the backbone of the payment processing ecosystem.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

Finovate

SEPTEMBER 20, 2024

A recent example of this was with Hungary’s OTP, which in June 2023 became the first international player to participate in the privatization of the Uzbek banking sector, acquiring former state-owned Ipoteka Bank. million in funding. Central and Southern Asia India-based insurtech Onsurity raised $21 million to power expansion plans.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

The Fintech Times

MARCH 1, 2024

Eazy Financial Services ‘EazyPay’, a Bahraini financial institute specialised in point-of-sale (POS) and online payment gateway acquiring services, has joined forces with Visa to enable Visa Direct, a funds transfer solution for EazyPay’s customer base.

FinTech 64

FinTech Point-of-Sale (POS) Consulting Embedded Finance 64

Stax

JANUARY 17, 2024

The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. All this without having to invest time and resources in partnering with an acquiring bank or building an elaborate payment infrastructure.

ACH 88

ACH Facilitators ISVS Payment APIs and Integration 88

Stax

JANUARY 15, 2024

Here are more reasons to implement surcharging and optimize your payment processing strategies. Interchange fees are fees your bank (acquirer) pays to the cardholder’s bank (issuer) in a credit card transaction. It relieves you from directly handling payments and dealing with the tedious administrative hassle.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Clearly Payments

NOVEMBER 19, 2023

Interchange fees further contribute to the cost equation, representing charges paid by acquiring banks to issuing banks for processing credit card transactions. One of the key challenges lies in facilitating seamless and secure payment processes that accommodate various currencies, payment methods, and regional preferences.

Cross-Border 52

Cross-Border Cross-Border Payments Accounts Multi-Currency 52

Fintech Labs Insights

MAY 26, 2016

Two Finovate alums scored big rounds: Zooz raised $24 million for its payment technology. Azimo raised $15 million from Rakuten for its funds transfer service. ——-. Payments technology. Mobile payments. EPG (Easy Payment Gateway). Payment management . Total dollars raised YTD is now $14.3

Debit Card 20

Debit Card Online and Mobile Banking FinTech Funds Transfer 20

Nanonets

JULY 18, 2023

and later acquired by Oracle Corporation in 2016. In addition to streamlining the approval and matching process, NetSuite AP Automation facilitates electronic payments. The platform supports various electronic payment methods, such as ACH (Automated Clearing House), EFT (Electronic Funds Transfer), and virtual credit cards.

Automation 52

Automation Reconciliation Audit Correspondent 52

Fintech Labs Insights

AUGUST 1, 2016

Payment & trade finance for microbusinesses. Payment processing. International funds transfers. Trade finance & payments platform. Online payment gateway. Tags: SMB, payment processing, credit/debit cards, acquiring, merchants, mobile. Latest round: $13.2 million Series A.

Underwriting 17

Underwriting Online and Mobile Banking Debit Card FinTech 17