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Global payment serviceprovider and acquirer, emerchantpay , is expanding its global acquiring capabilities following a new partnership with Cybersource , a part of Visa Acceptance Solutions. A single connection to the Visa Acceptance Platform helps payment providers like emerchantpay keep pace amidst evolving needs.
Europe-based PAYSTRAX was looking for a comprehensive solution that would help their merchants prevent chargebacks, expand their list of value-addedservices, and improve transaction acceptance. Want to learn how? Create a customized dispute management solution that best suits the needs of their clients.
emerchantpay , a global payment serviceprovider and acquirer, has joined forces with Cybersource , a part of Visa Acceptance Solutions to expand global acquiring reach and streamline tech integrations for merchants.
Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. The post Visa to Acquire Featurespace appeared first on FF News | Fintech Finance.
Payment giant Visa is set to acquire Featurespace, a company specialising in artificial intelligence (AI) technology for real-time payments fraud protection. The post Visa to Acquire AI Fraud Detection Firm Featurespace appeared first on Fintech Singapore. The deal is expected to be finalised in 2025, subject to regulatory approvals.
While banks still hold the majority of merchant relationships and dominate acquiring market share in most regions, they face an existential risk. ” The two camps The two main categories of serviceproviders in the changing landscape of merchant relationships are the traditional banks and the fintech or merchant serviceproviders.
emerchantpay , a leading global payment serviceprovider and acquirer, is announcing today its collaboration with Cybersource, a part of Visa Acceptance Solutions. A single connection to the Visa Acceptance Platform helps payment providers like emerchantpay keep pace amidst evolving needs.
Businesses need help to access and deploy these powerful tools, however – and this means their merchant serviceproviders (MSPs) must be prepared to step up. Many MSPs, including acquirers, independent sales organizations, payment gateways and payment facilitators, are starting to recognize this.
The two companies will join forces to offer a one-stop payment acceptance solution for payment serviceproviders and merchant acquirers to create a seamless and secure payment ecosystem for processing domestic and cross-border payments.
Key accomplishments include successful bank migrations, the acquisition of new clients, and the launch of innovative products such as ‘Wallets as Service’ The company has also made substantial strides in its acquiring business, particularly in Bahrain, Oman, and Egypt.
This article will show all you need to know about online credit card processing and how you can select the best payment servicesprovider for your needs. The acquiring bank : the is the financial institution that issued the merchant account and receives the funds from the transaction into that merchant account until the payout date.
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 serviceproviders (MSPs) and the clients they serve.
Visa is acquiring fraud prevention company Featurespace to enhance its own fraud detection and risk-scoring solutions. Visa signed an agreement to acquire fraud prevention company Featurespace today. The lawsuit argued that Visa wanted to acquire Plaid to protect its U.S. DOJ over alleged monopolization in debit card markets.
From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. Acquiring Banks: Acquiring banks act as the conduit for funds to reach merchants, these banks provide the infrastructure for card payments.
Computop , the leading payment serviceprovider, will integrate the payment method, which is based on real-time credit transfers (SEPA Instant Payments), in Q4 2024. Over time, additional value-addedservices like integration of merchant loyalty programs and BNPL will be integrated.
BR-DGE offers our clients more than 400 payment methods and partner solutions through one API integration, enabling them to tap into improved transaction conversions and implement value-addedservices like personalised checkouts and smart transaction routing. Its filling a real urgent need in the market.
EquensWorldline, an OpenWay client, migrated to the Way4 acquiring platform when SEPA was introduced in Europe. Moreover, they launched a platform for 4,400 serviceproviders through an API layer, enabling telcos, utility companies, and various startups to access their services and generate new revenue.
AFS’s innovative approach to the provision of financial services is evidenced by a series of market-leading payment services that span card processing services, merchant acquiring, fintech solutions and value-addedservices.
For merchants, it means fewer false positives and higher checkout success, which are positives that acquirers benefit from, with more money moving more smoothly through the system. Enriched data insights enable AI innovation, translating into more tools and value-addedservices.
Worldline , the global payment servicesprovider, is expanding its strategic partnership with BKN301 , the Banking-as-a-Service (BaaS) fintech company, enabling it to handle issuing and acquiring technical processing activities.
.” AFS’ approach to the provision of financial services is evidenced by a series of market-leading payment services that span card processing services, merchant acquiring, fintech solutions and value-addedservices.
With the same solution, POPcodes also helps acquirer and ISOs better service and support their merchant community. We also leverage that same foundation for the merchant and acquirers/ISOs to interact much more directly. And that is only half of what POPcodes does to facilitate that smoother “omnicommerce” journey. What’s Next.
Wirecard announced that it is set to gradually acquire all shares in Bejing-based AllScore Payment Services so it can expand into cross-border licenses. There is a call option that will enable Wirecard to acquire the remaining 20 percent of shares after two years. “We We are excited to share the news of Wirecard entering China.
There seems to be a lot of misunderstanding about the differences between a Payment Gateway, a Payment Processor and a Payment ServiceProvider (PSP). A payment gateway is ideal for businesses that want to keep control over their payment stack and work with separate processors or acquiring banks. What is a Payment Processor?
However, that also provides endless business opportunity for payment and commerce serviceproviders, of course. It’s never easy being a mom-and-pop merchant, or a similarly small retailer, given the resources of the bigger rivals out there, along with the pace of commerce and payments technology development. POS Change.
AFS’ innovative approach to the provision of financial services is evidenced by a series of market-leading payment services that span card processing services, merchant acquiring, fintech solutions and value-addedservices.
As described in the release, PAR — for use by merchants, acquirers and payment processors — can enhance security by limiting references to a cardholder’s primary account number (PAN) in the payment ecosystem. We look forward to continuing our work with the industry to manage and evolve this payment technology further.” ”
That subject served as the foundation of a recent PYMNTS interview with Bill Nichols, general manager Americas for AEVI , a FinTech player that says it brings acquirers closer to their merchants. percent — are willing to switch payments serviceproviders if offered a better deal.
Ultimately, the company plans to grow into a more comprehensive financial servicesprovider. “At Sahl, we are committed to addressing the challenges faced by consumers in utility payments, starting with electricity and expanding to water, gas, telecom, and various other essential services,” Sahl CEO Abdullah Assal said.
In addition to the new funding, according to Crowdfund Insider reports, Cardlay also announced a partnership with Eurocard, Scandinavia’s largest corporate card issuer, to expand its market share as it looks to connect businesses with value-addedservices tied to their corporate card products, including travel expense and receipt management.
Core Functions of a Payment Orchestrator Here we’ll cover the core functions that drive the core value of payment orchestrators. Value-AddedServices : Some payment orchestrators offer advanced features, such as fraud detection, currency conversion, or optimized routing, which come at an additional cost.
The EU also maintains a single market, allowing for the free movement of goods, services, capital, and people among member countries, fostering economic cooperation and integration. Conversely, these fees also support the infrastructure and servicesprovided by issuing banks, including fraud protection and customer rewards programs.
Payment serviceproviders will need to find ways of monetising the data generated by payments and creating value-addedservices that elevate payments beyond a simple transfer of funds. However, as was the case in the telecommunications industry, innovation doesn’t end because a product becomes commoditised.
“Plaid opens up new market opportunities by significantly expanding Visa’s network capabilities,” Visa CEO Al Kelly told investors on a conference call after the deal was announced, adding that Plaid provides “a terrific platform for extending” Visa’s integrated payment solutions and value-addedservices.
It got the job done, Aberman told Webster, but it was clunky and had the unintended consequence of keeping all three parties — the SMB, the software provider and the merchant acquirer/processor — “at arm’s length.” The Future of Financial Services. The Centrality of Software.
A PayFac is an intermediary between the merchant and the payment processors or acquiring banks. By adopting the PayFac model, a company becomes a mini acquirer, able to onboard clients, manage transactions, and assume a financial servicesprovider’s associated risks and compliance responsibilities.
The role of Payment ServiceProviders A Payment ServiceProvider (PSP) is a type of payment processing company that specializes in providing a wide range of payment-related services and solutions to businesses. Acquire a domain name and the equipment needed. To name a few, Worldline’s $8.6
Payment Processors: A Key Element in the Fight against Child Abuse Payment ServiceProviders (PSPs) process digital transactions between consumers and merchants. They play a crucial role in e-commerce, and their services are crucial to a growing digital economy. This facilitates the removal of illegal content from the internet.
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