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Acquirers Payment Gateways Service Provider 
Stax
JANUARY 22, 2024
In this article, we’ll dive into the intricacies of two types of players in the eCommerce ecosystem: payment gateways and payment facilitators. The high-level difference is when and how to deploy them as part of the payment process. What is a Payment Gateway? This is the payment gateway.
Stax
SEPTEMBER 17, 2024
A payment gateway is a must-have for online stores. In fact, research from 2023 shows that 69% of Americans said they’ve used a digital payment method in the past 3 months when making a purchase. And the best way for online businesses to start accepting payments is with a payment gateway.
Stax
AUGUST 29, 2024
The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. The question is: how do payment service providers work and how can you choose the right one for your business?
The Fintech Times
APRIL 23, 2024
Fintech-as-a-service provider Soft Space and JCB International Co, the international operations subsidiary of JCB Co Ltd, have jointly introduced Malaysia’s inaugural JCB payment gateway. The post Soft Space and JCB Launch First Payment Gateway in Malaysia appeared first on The Fintech Times.
PYMNTS
JULY 17, 2019
Visa said early Wednesday (July 17) that it has acquired Payworks , a payment gateway based in Germany focused on the point of sale (POS). The company said in a release that Payworks will be integrated into CyberSource ’s portfolio of services offered to clients. The offerings span payments in-store, in-app, or online.
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Basis Theory
JUNE 18, 2024
The card networks and payment gateways designate high-risk merchants as less safe than their normal clientele because of evidence like high chargeback rates (above 1%) or guilt by association—being in an industry associated with risk, like gambling, cannabis, and, surprisingly, e-commerce. Return to Top
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). In addition, about 800,000 websites use it as their secure payment gateway, and about 20% of all mobile purchases are made with Google Pay.
PYMNTS
SEPTEMBER 15, 2020
In such a complex payments ecosystem, merchants have identified the value in diversifying their risk through embracing multiple solution providers partners, including multiple banking services providers. That framework can be applied to merchants' payment solution providers, too. Diversifying Risk.
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The Payments Association
NOVEMBER 21, 2024
This empowers ISVs, enterprises, payment services providers and acquirers to seamlessly orchestrate payments across both online and physical channels. The payments landscape is increasingly complex, with businesses often managing multiple providers, payment types, and integration challenges.
88 
Ikajo
MARCH 26, 2021
Today we will take a look at payment gateways – the key intermediaries in online settlements. What is a payment gateway? A payment gateway is a hardware and software complex that allows merchants to automate the process of accepting payments via the Internet. How to choose a payment gateway?
Fintech Review
JANUARY 28, 2024
Shape Technologies is revolutionizing the payments industry with its cutting-edge payments-platform-as-a-service, designed to empower payment service providers globally. Shape’s mission is to get payments businesses to market quicker. Shape’s mission is to get payments businesses to market quicker.
111 
Clearly Payments
DECEMBER 9, 2023
Navigating the realm of payment processing unveils three key players: acquirers, ISOs, and aggregators. Acquirers: The Foundation of Payment Networks At the heart of payment processing, acquirers, often referred to as acquiring banks , play a foundational role.
59 
PYMNTS
JANUARY 7, 2020
Financial institutions (FIs) are facing an all too familiar challenge: Customers and clients are increasingly demanding fast, data-rich products and services, yet their legacy core payment processing systems are often antiquated. These challenges are especially acute for merchant service providers (MSPs) and the clients they serve.
53 
Fintech Review
JANUARY 28, 2024
Shape Technologies provides a dynamic payments-platform-as-a-service (“PPaaS”), offering its fully customisable platform to payment service providers (“PSPs”) the world over. Shape’s mission is to get payments businesses to market quicker.
98 
Stax
NOVEMBER 21, 2024
TL;DR Credit card payment processing encompasses the series of activities that enable your small business to accept credit card payments from customers and facilitate the transfers of relevant funds from the buyer’s bank account to your business account. Your merchant account can even be terminated if you get too many chargeback fees.
88 
PYMNTS
JULY 18, 2019
And then there is the increasing pressure for merchants to deliver a seamless payment experience for a consumer who will accept nothing less when on a shopping journey. Filling that void was the motivation behind Visa’s announcement Wednesday (July 17) to acquire PayWorks, a Munich-based payment gateway for the point of sale (POS).
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Fintech Finance
MAY 15, 2024
One of the leading banking groups in the Middle East, North Africa and Turkey (MENAT) region, Emirates NBD and Pine Labs , a prominent merchant commerce omnichannel platform, partner to ensure that companies across the region have access to the latest, and best, payment solutions.
52 
Stax
MARCH 15, 2024
Secure payment systems are easy to implement, as you use your payment processor to create a secure payment gateway. By combining a secure payment system with secure payment habits like not collecting excess data from customers, you’ll go a long way in safeguarding your business against fraud.
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EBizCharge
AUGUST 12, 2024
Intermediaries like merchant acquirers that facilitate these digital transactions play a crucial role. This article will outline a merchant acquirer’s specific functions and obligations and what businesses should consider when selecting one. What is a merchant acquirer? If approved, the merchant completes the sale.
52 
Stax
APRIL 18, 2024
Merchant: The business or entity selling goods or services and accepting credit card payments. Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments. Card Network (e.g.,
88 
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. This includes credit card payments, debit cards, and other payment options that require a merchant account to process payments, such as eChecks and ACH.
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Clearly Payments
FEBRUARY 14, 2024
In today’s global economy in 2024, the financial transactions has evolved into a dynamic ecosystem, where a multitude of players work together to facilitate fast and secure payment processing. The payment processing ecosystem is vast and multifaceted, with a staggering array of statistics underscoring its significance.
79 
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.
88 
PYMNTS
SEPTEMBER 2, 2020
Across The Payments Orchestration Ecosystem. Firms worldwide are investing in new payment integrations to meet customers’ increasing demands for digital payment experiences. Recent studies suggest that the payments gateway market is on course to grow at a compound annual growth rate (CAGR) of 16.4
The Fintech Times
MAY 26, 2024
Emirates NBD , the banking group for the Middle East, North Africa and Turkey (MENAT), is joining forces with Pine Labs , a merchant commerce omnichannel platform, to provide the latest payment solutions to companies across the region. With this, we will provide acquiring solutions for them – both in-store, as well as online.
The Payments Association
NOVEMBER 18, 2024
This innovation has put banks on the defensive, as fintech presents an increasingly real and immediate threat to the banks’ share of the payments market. While banks still hold the majority of merchant relationships and dominate acquiring market share in most regions, they face an existential risk. billion in 2024.
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The Paypers
APRIL 7, 2020
Harbour & Hills , a Hong Kong-based B2B payments service provider, has acquired a controlling stake in Global Envoi (GEL), a payments processor with functionalities in clearing payments to China.
36 
Stax
JANUARY 10, 2024
The merchant service providers that a business is using to handle credit card payments play a key role in determining the size and structure of credit card fees. By facilitating credit card transactions, merchant service providers act as intermediaries between credit card companies and the issuing banks.
88 
Stax
NOVEMBER 14, 2024
Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. Acquiring Bank: The business’ (i.e., merchant’s) bank.
88 
EBizCharge
MAY 15, 2024
Below is the eight step process B2B payments need to go through to be processed. Invoice Generation: The process begins with one business providing goods or services to another. The seller generates an invoice detailing the products or services provided, along with their prices and any applicable taxes or fees.
52 
PYMNTS
OCTOBER 16, 2018
In a press release, NMI said the solution enables the company’s partners to deliver a simpler payment platform to merchant clients that meets all the points of engagement. By using a unified token, NMI is able to provide a singular view of customer and payments data.
62 
Exact Payments
OCTOBER 30, 2023
There are several entities and technologies that interact in order to facilitate the transaction process, including: Payment processors Payment processors are service providers that operate as intermediaries between the customer’s bank and the merchant’s bank.
52 
Payment Savvy
MAY 26, 2021
However, when it comes to e-payments, there are many challenges to overcome. E-payments involve a range of players from start to finish. These include the customer, merchant, processor, and issuing or acquiring banks. During any one of these points, e-payment challenges may occur.
The Paypers
SEPTEMBER 1, 2021
PayU , a Netherlands-based payment service provider, has announced the acquisition of payment gateway BillDesk to expand its footprint in India.
PYMNTS
OCTOBER 5, 2020
Transaction information is sent to acquiring and issuing financial institutions (FIs) so consumers’ card data can be verified and their purchases can be approved, with the funds then being transmitted to merchants. This is a sharp decline from 2018, when 42 percent of such providers said the same.
82 
PYMNTS
DECEMBER 16, 2019
Even the smallest of enterprises can leverage services like cross-border payments, data analytics and customer management tools, transforming one-time purchasers to loyal customers. Many MSPs, including acquirers, independent sales organizations, payment gateways and payment facilitators, are starting to recognize this.
52 
The Payments Association
NOVEMBER 14, 2024
The rise of all-in-one service platforms has transformed the landscape, where businesses only have to deal with one financial service provider to access everything they need from a payments perspective. Such arrangements facilitate process automation and integrations that benefit businesses in their simplicity.
Fintech Finance
AUGUST 20, 2024
He has also held fraud management positions at PSI Holdings and Neteller, before becoming Senior Fraud Manager and then Business Development Manager at ClickandBuy, which was acquired by Deutsche Telekom. Its solutions are utilised by a wide range of merchants, banks, payment service providers (PSPs) and fintechs across many sectors.
Clearly Payments
SEPTEMBER 13, 2024
A Payment Orchestrator is a service that enables businesses to manage and optimize their payment processing by connecting to multiple payment providers and processors through a single platform. This integration helps businesses expand globally by supporting local payment methods.
Stax
JANUARY 28, 2024
Then, they select their preferred payment method e.g. credit or debit card. The customer agrees for their payment information to be kept on file by the merchant’s billing software. When a fresh billing cycle starts, the business’ payment service provider will charge the approved amount to the customer’s card.
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. With 98% penetration in a region with 7.5
104 
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.
88 
PYMNTS
FEBRUARY 5, 2020
SCA requires payment service providers authenticate customers’ identities through at least two of the following three elements for applicable transactions: something customers’ know (a PIN, for example), possess (a device, perhaps) or something they are (established through biometrics). Unified Commerce Efforts.
Fintech News
MARCH 18, 2024
The company operates TrueMoney, a fintech platform and super-app that provides products and services including the TrueMoney Wallet, WeCard by MasterCard, TrueMoney Cash Card, Kiosk, Express, Payment Gateway, and Remittance. Most recently, Sunday acquired a 99% stake in KFK Insurance Indonesia, a general insurer.
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