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BPC and Arkwright Consulting Report Reveals that Challenger Processors are Growing at Four Times the Rate of the Overall Card Processing Market

Fintech Finance

Challenger processors outperforming incumbents According to the report, new card processing models, driven by technological innovation and the growing influence of non-bank entities like retailers and gig economy platforms, are gaining significant momentum. in 2021 to 4.0%

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BPC: Challenger Processors Outperform Incumbents, as Fintechs Value Flexibility ‘Above All Else’

The Fintech Times

Challenger card processing models are significantly outperforming incumbents, according to a new report by BPC , the global payment solutions provider, produced in partnership with Arkwright Consulting. per cent in 2021 to four per cent by 2024.

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The Interoperability-Integration Debate: Where APIs Fit

PYMNTS

New technology and solutions powered by APIs are hitting the financial services market every day, brought on by new innovations or industry regulations. Around the B2B API World . Segment, for one, is targeting GDPR compliance with a new API. Turning to APIs to Bridge the Gap Between Old and New Tech .

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What is a Payment Gateway and How Does It Work?

Stax

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.

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How OpenWay’s Way4 Enabled the First CBDC Card Transaction in Eurasia

Fintech News

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. It was a contactless payment on POS using a card issued by Eurasian Bank JSC on the Way4 digital payments software system. The country stands out in this regard.

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Crown Agents Bank and Visa Simplify Moving Low Value Payments in New Partnership

The Fintech Times

To ensure costs are no longer a barrier to move money, Crown Agents Bank (CAB), the B corp bank, and Visa , the payments giant, have announced a new collaboration. The ‘last mile’ is the term given for the final stage in the payment process – often the most complex of all.

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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?