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Payments servicesprovider Worldline has agreed to acquire the Digital River World Payments unit of Digital River Inc. to bolster its online payments offerings to largemerchant clients.
This event is targeted towards payment serviceproviders, largemerchants with cross-border businesses, digital wallets, payment methods, super-apps, and BNPL solution providers. Moderating the session will be Tristan Chiappini, VP APAC and Managing Director at PPRO.
That, Khoja told Webster, is what attracted MasterCard to Pine Labs, because it has spent more than a decade in the market adding merchants, brands/OEMs and financial servicesproviders to its platform — making the experience for the consumer at the point of sale frictionless.
When it comes to knowledge,” he said, “we encourage the small to medium-sized enterprises to look to their payment serviceproviders and their card schemes to figure out how to best implement measures to remain compliant [with PSD2] while sharing data.”. The Balancing Act.
It is currently available to commercial banks and largemerchants. Merchants are actively seeking ways to improve cash management efficiency, and NationalLink is meeting this demand with a single platform that provides a holistic, hardware-agnostic view of smart safe transactions.”.
However, this doesn’t mean that merchants have zero control over the size of the fees they pay. The merchantserviceproviders that a business is using to handle credit card payments play a key role in determining the size and structure of credit card fees.
Peter Robinson, payments advisor for European retail, wholesale and international trade association EuroCommerce , noted that these concerns are putting more pressure on card acquirers — the main party responsible for making sure merchants are ready for and informed about SCA and its incoming authentication and online transaction restrictions.
Terminal manufacturers weren’t ready, the processors and certification people weren’t ready; we spend more of our own $$ to clean up their mess,” one payment serviceprovider said. “This has been a major pain in the a$$.
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