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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. Physical wallets are phasing out, left behind in favor of digital wallets and other digital payment options. For merchants, digital payment methods include the ways in which payments are accepted.

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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

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? Read on to find out.

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What Is the Role of Merchant Acquirers in Credit Card Processing?

EBizCharge

Merchant acquirers , also known as acquiring banks, are responsible for setting up and maintaining merchant accounts, allowing businesses to accept payment cards from customers. Card issuers are banks or financial institutions that issue credit cards to consumers.

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This Week in Fintech: TFT Bi-Weekly News Roundup 16/07

The Fintech Times

Allied Payment Network , a provider of real-time, open-network payments solutions to banks and credit unions, adds Hank Vanjaria as its new chief financial officer. Sam joined Redwood from the Royal Bank of Scotland in 2020 and has more than eight years’ experience in secured lending and asset finance roles.

FinTech 52
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What Is Debit Card Processing & How Does It Work?

Payment Savvy

When a customer uses their debit card to make a purchase, the funds are directly withdrawn from their checking account, as opposed to credit card transactions where the funds are borrowed from the issuing bank. Card-Not-Present Transactions Online Debit Card Transactions : Transactions conducted via online platforms.

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How People Pay Around The World And What It Means For The Future Of Payments

CB Insights

Payments systems vary across the globe, from cash-based economies to those driven by credit. In Kenya, anyone with a mobile phone — smartphone or not — can use M-Pesa to send money, pay for things, and access credit. LIVE briefing: Payments around the world. In contrast, mobile payments in the US have yet to catch on.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. This report is a collection of everything we know about Amazon’s foray into banking, financial services, and fintech.