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Akurateco , a global payment software provider with a strong presence in the MENA region, has joined forces with Dinero Pay , a rising PaymentServiceProvider (PSP) in Saudi Arabia, to drive innovation in the rapidly evolving mobile payments sector.
Vendor lock-in describes a situation where a customer becomes entirely dependent on a specific vendor for products or services, and switching to another vendor becomes prohibitively difficult or expensive. What is Vendor Lock-in?
With its Pay to Drive mobility suite, paymentserviceprovider (PSP) Computop is bundling payment methods and services for the mobility sector. In future, the new European payment method Wero will also be available for payment at the charging station or petrol pump.
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 paymentserviceproviders work and how can you choose the right one for your business?
A paymentserviceprovider (PSP) is a company that provides online payments for e-commerce, similar to a credit card processor in a brick-and-mortar store. PSPs are usually used by merchants who sell online, although some may also provideservices for offline sales as well.
Crypto.com has received full approval to providepaymentserviceprovider (PSP) services from the Central Bank of Bahrain through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C.
According to internal data from EBANX , a global PaymentServiceProvider (PSP) that has already processed transactions for nearly 70% of Brazil’s credit cardholders, fintech companies and digital players now account for 41% of the total value transacted through credit cards for online purchases in Brazil.
In the final quarter of 2024, Aleph , the technology-driven solutions provider enabling the growth of global digital marketing, announced the acquisition of LocalPayment , a fast-growing paymentserviceprovider (PSP) in Latin America (LatAm), to bring together local payment capabilities with digital advertising solutions.
Upon completing the migration to a new paymentserviceprovider (PSP), payment professionals often let out a sigh of relief. The 6-month (or longer) process of migrating all the data, flows, and processes to a new PSP finally ends with green checkmarks and live checkout flow.
Tink, A Visa Solution, the market-leading open banking platform, has announced that 10,000 merchants have now chosen Pay by Bank via its PaymentServiceProvider (PSP) partnerships.
Merchants, especially online, have no choice but to contract with at least one paymentserviceprovider ( PSP ) to ensure they can execute transactions with credit cards and other payment methods.
ACI processes account-to-account payments for hundreds of PSPs in Europe and the UK with market-leading instant payments solutions. VOP service is a pan-European regulatory requirement as part of the new European Instant Payment Regulation, which all PSPs must adhere to by October 2025.
Mastercard and Amazon PaymentServices have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE.
One important way to achieve this when using a single paymentserviceprovider (PSP) is to be extremely cautious and to choose only high-quality partners that understand the nature of your business. As a high-risk merchant, you know that hedging your risks can make it easier for your business to remain operational.
The significance of this partnership is further highlighted given that this is the first time Bangladesh Bank has approved a partnership between a local bank and a licensed paymentserviceprovider (PSP) for processing student-related payments.
PXP Financial , the experts in payments, acquiring, fraud and data analysis services, today announces it has become a GooglePay PaymentServiceProvider (PSP). Powered by inhouse global acquiring, 120+ alternative payment methods & financial services, PXP processes over EUR 22.7
The card networks and payment gateways designate high-risk merchants as less safe than their normal clientele because of evidence like high chargeback rates (above 1%) or guilt by association—being in an industry associated with risk, like gambling, cannabis, and, surprisingly, e-commerce.
Overgaard-Nielsen joins the management team of the German paymentserviceprovider (PSP) Computop as Chief Operation Officer (COO). As of 2nd September, Kenneth M. He joins Ralf Gladis, CEO and founder, Stephan Kück, CTO/ CSO, and Thomas Egglseder, CFO.
Digital-first financial institutions have become key drivers behind cards’ sustained presence and growth in rising economies, according to new data revealed by EBANX , the global paymentserviceprovider (PSP).
These days offline businesses try as hard as they can to incentivize cash, or cash-equivalent payments types (like debit cards , store cards, and digital wallets) so they can limit the cost of making sales - they will even routinely add surcharges for the use of credit cards to offset processing fees from their paymentserviceprovider ( PSP ) partners. (..)
In 2019, the central bank then introduced the ‘Payment and Settlement Act’, which provided the legal basis for the development, promotion, expansion, monitoring, and regulation of payments, settlement and clearing systems in the country. E-commerce also began to grow during this period.
PayPoint today announces a call to arms for Group 2 PaymentServiceProviders (“PSP”) yet to implement the Confirmation of Payee (CoP) service ahead of the mandated deadline of 31 October 2024, to take action now.
SEON’s scalable solution mitigates fraud attempts without compromising the speed and ease of PayLabo’s payment processes. This partnership marks SEON’s first collaboration with a Japanese paymentserviceprovider (PSP), having serving over 5,000 customers across 30 countries.
US-based real-time payments enabler ACI Worldwide has partnered with paymentserviceprovider (PSP) Vendo Services to enable crypto payments for its merchants.
France-based paymentsserviceprovider (PSP) Lemonway has launched Pay By Bank (Open Banking-powered payments), in partnership with Tink , to its customers across Europe.
Inpay has announced its plans to facilitate the European expansion of the global paymentserviceprovider (PSP) Tranglo by offering Instant SEPA across the region.
UK-based expert in payments, acquiring, fraud and data analysis services PXP Financial has announced it has become a Google Pay PaymentServiceProvider (PSP).
Crypto.com has obtained full authorisation from the Central Bank of Bahrain (CBB) to offer paymentserviceprovider (PSP) services through its local subsidiary.
Crypto.com has secured full approval from the Central Bank of Bahrain to operate as a paymentserviceprovider (PSP) through its local subsidiary. This approval enables Crypto.com to expand its paymentservices in the region, including e-money offerings as well as the introduction of its prepaid cards.
Tink, A Visa Solution, the market-leading open banking platform, has announced that 10,000 merchants have now chosen Pay by Bank via its PaymentServiceProvider (PSP) partnerships.
Furthermore, the cost-effective modelfree from hidden backend chargesallows Trust Bank to provide competitive pricing to its customers while significantly reducing operational complexities.
Becoming a Payment Facilitator, PaymentServiceProvider [PSP] or Payment Aggregator. In Payment Aggregation, being a Payment Facilitator can be thought of as being a Master Merchant, facilitating credit and debit card transactions for sub-merchants within your payment ecosystem.
Becoming a Payment Facilitator, PaymentServiceProvider [PSP] or Payment Aggregator. Being a Payment Facilitator can be thought of as being a Master Merchant, facilitating credit and debit card transactions for sub-merchants within your payment ecosystem.
Checkout.com , a leading digital paymentsprovider, today announced a strategic partnership with Octopus, Hong Kong’s first homegrown global fintech, to enable online payment for customers of Hong Kong’s leading payment choice – becoming the first global paymentserviceprovider (PSP) to add Octopus as a payment option at check-out.
To explicitly acknowledge that HCE developers are not prevented from combining the HCE payment function with other NFC functionalities or use cases. To remove the requirement for developers to have a licence as a PaymentServiceProvider (‘PSP’) or a binding agreement with a PSP to access the NFC input.
A new tool, designed to help retailers derive deep insights into the payment behaviour of their customers has been launched by Computop, the international paymentserviceprovider (PSP).
EBANX, a leading global PaymentServiceProvider (PSP) specializing in emerging markets, today announced that EBANX Pte. has been granted In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
Overgaard-Nielsen joins the management team of the German paymentserviceprovider (PSP) Computop as Chief Operation Officer (COO). As of today, Kenneth M. He joins Ralf Gladis, CEO and founder, Stephan Kück, CTO/ CSO, and Thomas Egglseder, CFO.
Inpay, one of Europe’s fastest growing fintechs, facilitates the rapid European expansion of leading global paymentserviceprovider (PSP) Tranglo, with the provision of Instant SEPA (Single Euro Payments Area) across Europe.
MyFatoorah, a leading payments platform and the only paymentserviceprovider (PSP) licensed in all GCC countries offering payment solutions across the Middle East, has announced its strategic collaboration with Mastercard to introduce new digital payment gateway platform, powered by Mastercard Gateway.
Checkout.com, a leading digital paymentsprovider, today announced a strategic partnership with Octopus, Hong Kong’s first homegrown global fintech, to enable online payment for customers of Hong Kong’s leading payment choice – becoming the first global paymentserviceprovider (PSP) to add Octopus as a payment option at check-out.
Aleph, a leading ecosystem of global digital experts and technology-driven solutions that enables the growth of global digital marketing, today announced the acquisition of a controlling equity interest in Localpayment, a fast-growing PaymentServiceProvider (PSP) in Latin America, transforming the digital landscape by combining first class digital (..)
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