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BPC , a global leader in payment solutions, today announced the release of its latest report, Next-Generation Acquiring: A New Reality of the Digital-Ready Future. To remain competitive, the report emphasises the shift towards Acquiring as a Service (AaaS), reducing costs while ensuring compliance and rapid innovation.
Global payment service provider and acquirer, emerchantpay , is expanding its global acquiring capabilities following a new partnership with Cybersource , a part of Visa Acceptance Solutions. ” The post emerchantpay Expands Acquiring Capabilities Alongside Visa Acceptance Solutions appeared first on The Fintech Times.
emerchantpay , a global payment service provider and acquirer, has joined forces with Cybersource , a part of Visa Acceptance Solutions to expand global acquiring reach and streamline tech integrations for merchants.
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.
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.
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.
Kazang , the prepaid value-addedservices (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has launched its Kazang Pay card acceptance solution for merchants in Zambia. The post Kazang Pay Launches Card AcquiringService in Zambia appeared first on FF News | Fintech Finance.
The acquiring industry is being reshaped by four key trends redefining how merchants accept and manage payments. The emergence of specialist vertical acquirer s,catering to specific industries such as gaming, hospitality and e-commerce. Regulatory developments are further shaping the future of acquiring.
emerchantpay , a leading global payment service provider and acquirer, is announcing today its collaboration with Cybersource, a part of Visa Acceptance Solutions. With access to a global ecosystem of acquirers and technology solutions, emerchantpay is able to extend its reach, help speed time-to-market and lower operating costs.”
Visa has inked an agreement to acquire YellowPepper , which works with startups in the Caribbean and Latin America, according to an emailed press release. YellowPepper will help integrate more easily with Visa Direct, Visa's real-time push payments platform, Visa B2B Connect, its non-card-based B2B network and value-addedservices.
While banks still hold the majority of merchant relationships and dominate acquiring market share in most regions, they face an existential risk. The market share distribution between traditional banks and fintechs in the merchant services/acquiring space has been evolving over time. billion in 2024.
Businesses need help to access and deploy these powerful tools, however – and this means their merchant service providers (MSPs) must be prepared to step up. Many MSPs, including acquirers, independent sales organizations, payment gateways and payment facilitators, are starting to recognize this.
Stripe is acquiring Paystack , a company that says it processes more than half of online payments in Nigeria. Leveraging Stripe’s resources and deep expertise, we’re excited to accelerate our geographic expansion and introduce more payment channels, more value-addedservices and deeper integrations with global platforms.”.
The two companies will join forces to offer a one-stop payment acceptance solution for payment service providers and merchant acquirers to create a seamless and secure payment ecosystem for processing domestic and cross-border payments.
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.
Kazang (www.Kazang.com), the prepaid value-addedservices (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has launched its Kazang Pay card acceptance solution for merchants in Zambia.
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.
Network International provides a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-addedservices.
The strategic agreement will see barq leverage Mastercard Gateway technology to further equip its merchants and consumers around the Kingdom with greater access to a wide range of value-addedservices — responsive, personalised solutions that cater to their unique needs and preferences.
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.
Network International revealed it will support customers in the market by providing omnichannel digital payment offerings, including card issuing and acquirer processing services, transaction switching capabilities, as well as value-addedservices.
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.
Breakthrough payment orchestration provider BR-DGE has today announced the launch of its white-label payment orchestration solution, which is set to propel payment acquirers, gateways, platforms and other ecosystem players with agile and customisable modular tech to stand out in a fiercely competitive 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 service providers through an API layer, enabling telcos, utility companies, and various startups to access their services and generate new revenue.
For instance, Nexi, the pan-European acquirer serving two million merchants, launched a project in 2021 to integrate machine learning into its infrastructure, enhancing its risk management, marketing, and operations. The rise of Genereative AI in payments is transforming the sector significantly. Source: OpenWay 2.
Those changes have given rise to the banking as a service (BaaS) concept, which — as Anabel Perez, NovoPayment CEO and co-founder, told Karen Webster — is finally coming of age. Application programming interfaces (APIs) simplify that access for banks and for FinTechs that want their innovations to reach their customers.
There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. The merchant account : this is a special bank account that allows you to accept and process credit and debit card payments.
These include reservations and refunds, so that a scope of services similar to that of the debit card can be achieved, with ‘payments without a terminal (scan and go)’ also added. Over time, additional value-addedservices like integration of merchant loyalty programs and BNPL will be integrated.
Independent technology provider BR-DGE has introduced a white-label payment orchestration solution tailored for payment acquirers, gateways and platforms. BR-DGE, which saw 600 per cent revenue growth in 2023, says merchant demand is growing for more modular payment choices and value-addedservices through multiple providers.
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 [Euronext: WLN], a global leader in payment services, continues its strategic partnership with BKN301 , a Banking-as-a-Service fintech company that continues to grow in the digital payment services market.
There are also valueaddedservices that enrich the experience, and keep customers coming back. Successful platform businesses in the 'Uber/Airbnb' age aren't just about matchmaking.
The decision to acquire CyberSource was an investment in building value-addedservices around accepting cards and various forms of digital payments online.”. It’s easy to forget that, a decade ago, more than 96 percent of retail sales happened in a physical store.
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.
In an interview that springboarded the findings of the Retail Innovation Readiness Index , published late last year, Nicky Koopman, vice president of content and value-addedservices at AEVI , stated that when it comes to apps, one maxim holds true: One size does not fit all.
That’s why PYMNTS recently caught up with two payment experts from Endava — Global Head of Payments Delivery Petru Metzger and SVP of Payments Delivery Glenn Geil — for what amounts to a sneak peek of the coming attractions in payments in 2020, at least when it comes to value-addedservices.
ASDA integrates Worldline’s omnichannel payment solution, including terminals, acquiringservices, and smart routing through Worldline Payment Orchestration, to enhance the customer experience and operational efficiency for approximately 800,000 weekly deliveries.
Kazang , a prepaid value-addedservices (VAS) and card-acquiring business, has launched a new card acceptance solution in Zambia, making it more affordable for merchants to accept card payments. ” The post Kazang Launches Card Acceptance Solution for Merchants in Zambia appeared first on The Fintech Times.
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.
With corporates needing value-addedservices to address modern financial management requirements, Gillette noted that there are opportunities for the ERP to integrate with the growing number of third-party platforms in place. Modernizing the ERP.
Worldline , the global payment services provider, 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.
You can’t blame hypocrisy for that – not when fresh data from PYMNTS, along with a new interview with Nicky Koopman, SVP of content and value-addedservices at AEVI , tells a much deeper story. Acquirer Role. According to Koopman, it’s partly the merchant acquirers. Bridging the Gaps. Don’t limit yourself.”.
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