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Card issuers need for speed exists on several levels, and we at OpenWay see this firsthand, since our Way4 card management software is used by top banks, processors and fintechs around the world. This flexibility allows issuers to quickly innovate a common product for a new business model. gaming) but accepted at approved merchants.
The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. The value chain in payment processing involves multiple parties that play specific roles in facilitating transactions.
Noting the level of competition in more developed banking markets, Ginolin said, In North America, some of the biggest fintech issuers release new premium products every six months, and many are finding it challenging to iterate more and more, faster and faster. IDEMIA has been issuing metal cards since 2015.
Spendesk , the European spend management and procurement solution provider, has selected Marqeta , the global card issuing platform, as its issuer processor for its payment institution, Spendesk Financial Services (SFS). It also offers expense management and a new procure-to-pay solution.
The payments landscape is shifting, with digital-first experiences becoming the new standard. The card scheme Click to Pay mandate underscores this evolution, making it mandatory for issuers to adopt a more streamlined, card-on-file experience that prioritises security and user convenience.
Managing fraud cases has been a top challenge for card issuers, according to recent studies. Rising operations and outsourcing costs and burgeoning fraud recovery caseloads make it especially challenging for issuers to meet chargeback deadlines and avoid cardholder write-offs.
Tribe Payments , the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, has been selected by embedded financial services platform, Orenda Finance , to provide its issuer processing services. Íkualo hopes to reach 70,000 active accounts in the country.
DECTA , a leading provider of technical payment solutions, is excited to announce the launch of the DECTA Fintech Fast Track—a program designed to fast-track the journey of innovative fintech companies entering the card issuing and payment acquiring industry. Who Can Apply? ” said Nikita Melnikovs, Board Member at DECTA.
Vixio , a leading provider of regulatory intelligence solutions, is proud to announce that it has been named the winner of the Best RegTech Solution award at the prestigious Merchant Payments Ecosystem (mpe) Awards 2025 at the gala ceremony which took place as part of its annual conference in Berlin last week.
It has been a busy first month of the year for the certified payment technology provider, DECTA as it announces a new partnership with Urbo Bank and achieves an EMV 3DS 2.3.1.1 To achieve this, a reliable payment processor is required to handle the entire card-issuing process. Certification. ” EMV 3DS 2.3.1.1
Marqeta , a cloud-based open API platform for modern card issuing and transaction processing, recently filed its S-1 in preparation for its shares to start trading publicly in June. Marqeta allows businesses to offer payment card products to customers without having to deal directly with a traditional bank. First name. Company Name.
In an announcement of completion of the deal, Visa said it will accelerate the global payments and credit card company’s “network of networks” strategy. Under that strategy, Visa is pushing to become a “single point of access for initiating multiple transaction types” while also laying the foundation for the “secure movement of money.”.
Conferma , the leading virtual card provider, has entered into a strategic partnership with the ground transportation automation and management platform, GroundSpan to facilitate simple, virtual payments for ground transportation. The strategic partnership was formed in direct response to customer demand for ground transportation integration.
Tribe Payments, the innovative digital payments and infrastructure orchestrator specialising in issuer and acquirer processing, has achieved ISO 27001 certification, the strongest possible global information security standard.
Credit union credit card issuer Collabria Financial Services has teamed up with digital identity verification fintech Trulioo. The Canada-based card issuer will leverage Trulioo to streamline the verification process for new cardholders.
Conferma , the leading virtual card provider, has entered into a strategic partnership with digital corporate card issuer, Pliant to expand the use of virtual cards for business travel payments. Users demand flexibility and by partnering with innovative digital card issuers such as Pliant, we are able to offer unrivalled choice.
Mastercard is expanding its US Installments experience at checkout to provide consumers with more choice in how they pay through Mastercard Installment Payment Services. Participating merchants will be able to provide access to millions of pre-approved offers by connecting to the API-based platform.
Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced that it has become the issuer processor for Spendesk Financial Services (SFS) in Europe, the payment institution powering and fully owned by Spendesk.
Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, today announces a partnership with payment solutions and services provider Secupay to provide asylum seekers with payment cards, enabling them access to financial support from the German Government.
credit card payments surpassed $10.6 Contactless payments continue their rapid adoption, projected to account for more than 60% of in-store purchases. From the cardholder to the merchant, and all the way through the financial institutions and payment processors, each participant brings something essential to the table.
With YellowPepper, companies can access application programming interfaces (APIs) to allow issuers, processors and governments to easily access numerous payment rails and let multiple payment flows through one single connection, according to the release.
Subscription services have become an integral part of our daily lives. From streaming platforms to meal delivery kits, consumers are navigating a complex landscape of recurring payments. This was done to protect cardholders and improve their payment experience. What drove the decision to create Subscription Manager?
Haymond said that’s altered the digital payments landscape, with the industry having to keep up with rapidly digitizing consumers and merchants. Consumers’ digital shift means customer expectations for their card issuers are higher than they’ve ever been. Building Better Together For a Digitally Shifted Future .
Push provisioning enables payment card data to be securely sent or “pushed” from the card issuer or financial institution directly to a digital wallet. Push provisioning facilitates contactless payments and boosts convenience and security by removing the need for the user to manually enter payment card details.
At this point in time, corporate treasurers are still more likely to have personally used a P2P app than to have sent a real-time B2B vendor payment. The latest B2B API Tracker® covers it all in-depth. The real-time information that APIs provide is, in some cases, almost as important as the money. Keeping Eyes on Your APIs .
In France, Treezor , a banking as a service platform, said this week that has deployed the Thales SafeNet Data Protection On Demand solution for what is being billed as “safety across the entire payment chain, from tier one banks and neo banks to crowdfunding organizations,” as noted in a release. Banking on Banking Licenses. In the U.K.,
Paymentology, a global issuer-processor, has appointed Stephen Bowe as Chief Product Officer. Bowe, who has over 15 years of experience in banking and payments, will join Paymentology ’s leadership team to drive innovation in its payment products.
Visa introduced a platform on Monday morning (April 22), complete with beta application programming interfaces (APIs), that will allow issuers and issuer processors to build and test new products. The initial beta APIs on offer will help those within the Visa ecosystem to create digital cards on demand and add digital services.
MeaWallet , a leading digital payments enabler specialising in card tokenization, today announced several updates to its products in support of Click to Pay. The Click to Pay payment method is designed to deliver a seamless and secure online payment experience, enhancing both convenience and speed for consumers and merchants.
Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%.
Paymentology , the leading global issuer processor, today announces a continuation of its partnership with Zambian fintech, Union54 , a company dedicated to providing secure messaging and instant payment systems. This partnership comes at a time of rapid growth in Zambia’s digital payments sector.
Paymentology , the leading global issuer-processor, today announces the appointment of Stephen Bowe as Chief Product Officer. With over 15 years of experience in banking and payments Stephen joins Paymentology’s leadership team to build on the company’s success by driving further innovation in the company’s payment products.
In early 2024, Zambian fintech, Union54 announced the official launch of ChitChat, its messaging app with an integratedpayment wallet. Building on this success, the fintech has now partnered with Paymentology , the global issuer processor, to introduce a USD virtual Mastercard debit card to the platform.
TransferWise Integrates With Mambu. German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. Tribe Payments Plans Open Banking Module. Surecomp Wields Open Banking For Trade Finance.
Paymentology , the global issuer-processor, has joined forces with Diamond Trust Bank , a tier-one East African commercial bank, in a move hoping to help drive financial inclusion in Kenya through the embedding of financial services, and deployment of Cards-as-a-Service (CaaS).
“By leveraging real-time customer data for personalised offerings, financial institutions can develop value-driven products integrated into customers’ daily routines, boosting satisfaction and cultivating stronger loyalty in the digital landscape,” explained Mike.
Whether friendly fraud or genuine fraud, for merchants and card issuers, the impact is growing and comes with a host of negative consequences for the entire ecosystem — especially customers. Lost revenues and chargebacks. Bad customer experiences. And sometimes — in the case of friendly fraud — relationships severed altogether.
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.
This extends beyond products or services to payments, where consumers expect swift, hassle-free processes that align with their fast-paced lifestyles and the convenience of modern technology. How does Discover address evolving consumer demands in payments and how does the product team tackle these challenges?
The bank said its application programming interface (API) can help engineers integrate the bank’s programs into their own offerings. Elsewhere, Visa said it is offering — through a pilot program — merchants and issuers the ability to allow customers to finance purchases through installment plans. Visa Via Installments.
Fidel offers a suite of application programming interfaces (APIs) that allows developers to build capabilities – like rewards, for example – on the payment networks of major credit cards. The company has partnered with Mastercard, Visa and American Express, offering a series of APIs that link a user’s payment card to an app.
Those opportunities have grown, too, as corporates embrace digitization, the cloud and electronic payments. In the expense management realm, that means deploying functionality that can integrate across platforms and take an API-first strategy to product development. Commercial Cards’ Role in Data Integration.
The Visa team, according to SVP of Issuer Processing, Todd Brockman, has been hard at work on the “apps factory floor” creating the Visa Digital Commerce App , an issuer-branded mobile commerce solution that will allow financial institutions to customize and deliver their own branded mobile app for their customers to use.
The modern payment card issuance platform Convego Service Market bundles G+D’s Convego services to simplify their use for banks and financial service providers, making it easier to access and operate intelligent solutions for a phygital customer experience that perfectly combines physical and digital offerings.
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