Mashreq Bank launches Mashreq Business Banking Value Added Services
The Paypers
AUGUST 2, 2022
UAE-based Mashreq Bank has launched the Mashreq Business Banking Value Added Services platform that connects SMEs to ten non-banking service providers.
Value-Added Services Hold Key To The MSP Future
PYMNTS
DECEMBER 18, 2019
What do the biggest, most successful merchant service providers (MSPs) concur is the key to their collective future? PYMNTS got that answer, among others, in our just-published The Key To Optimizing Merchant Services Report , done in collaboration with technology firm Endava. .
New Data: Why MSPs Are Staking Their Futures On Value-Added Services
PYMNTS
DECEMBER 16, 2019
Businesses need help to access and deploy these powerful tools, however – and this means their merchant service providers (MSPs) must be prepared to step up. Many MSPs, including acquirers, independent sales organizations, payment gateways and payment facilitators, are starting to recognize this.
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NEW DATA: Why 63 Pct Of Merchant Services Providers Want A Payments Overhaul
PYMNTS
JANUARY 7, 2020
Financial institutions (FIs) are facing an all too familiar challenge: Customers and clients are increasingly demanding fast, data-rich products and services, yet their legacy core payment processing systems are often antiquated. These challenges are especially acute for merchant service providers (MSPs) and the clients they serve.
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Helping SMB Service Providers Catch The Digital Innovation Wave
PYMNTS
JULY 17, 2019
In other words, digital innovation has been slow to arrive in the service world, a point demonstrated by recent PYMNTS research in collaboration with AEVI, and a new PYMNTS interview with Nicky Koopman, SVP of content and value-added services at AEVI. If I send an email to the handyman, he will never get back to me.
Reem Finance Signs With Network International to Accelerate Digital Transformation
Fintech Finance
JUNE 25, 2024
Network International (Network) , the leading enabler of digital commerce in the Middle East and Africa, has announced the signing of a strategic partnership with Reem Finance , the leading financial services provider in the UAE.
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Computop Makes Wero Available for Merchants
Fintech Finance
JUNE 25, 2024
Computop , the leading payment service provider, will integrate the payment method, which is based on real-time credit transfers (SEPA Instant Payments), in Q4 2024. Over time, additional value-added services like integration of merchant loyalty programs and BNPL will be integrated.
Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments
PYMNTS
NOVEMBER 10, 2020
For financial service providers, instant payments offers a chance to open up new revenue streams and develop new services for corporate clients. Because speed is not necessarily corporates’ biggest payments pain point, FIs must look elsewhere to develop real-time payments-based services. “If
Visa Bolsters Fraud Prevention Arsenal with Three New AI-Powered Solutions
The Fintech Times
MARCH 27, 2024
Visa Protect is part of a broad suite of Visa value-added services, which has expanded to include nearly 200 products across five popular categories: acceptance, advisory, issuing, open banking, and protect.
MeaWallet Launches Mea Card Gateway: a Secure and Flexible Platform for Handling Payment Card Data
Fintech Finance
MARCH 20, 2024
A platform that has been developed to ensure the secure transmission of sensitive payment card data, serving as a vital link between MeaWallet customers, payment processors and service providers.
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Optimizing Merchant Services: The Need For Speed
PYMNTS
JANUARY 10, 2020
For example, merchant services providers (MSPs) have long supplied credit card processing for retailers as their central offering. It’s how future-minded MSPs are creating value with a slate of next-gen value-added services (VAS). percent also provide data analytics and 55.4
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AFS Partners with Samsung to Accelerate Digital Payments Landscape in Oman
Fintech Finance
AUGUST 12, 2024
AFS’s innovative approach to the provision of financial services is evidenced by a series of market-leading payment services that span card processing services, merchant acquiring, fintech solutions and value-added services.
Crédit Agricole and Worldline Aspire to Dominate Payment Services for French Merchants With CAWL
The Fintech Times
APRIL 8, 2024
International banking group Crédit Agricole has partnered with Worldline , the payment and transactional services company, to launch a new joint venture CAWL ; a payment services brand for merchants in France. For larger merchants, CAWL will offer omnichannel solutions with dedicated commercial teams and expertise for each industry.
BKN301 Integrates Worldline Payment Processing Platforms to Enhance Personalisation and Agility
The Fintech Times
JULY 7, 2024
Worldline , the global payment services provider, is expanding its strategic partnership with BKN301 , the Banking-as-a-Service (BaaS) fintech company, enabling it to handle issuing and acquiring technical processing activities.
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Visa Reimagines Payment Acceptance for the ‘Click-and-Mortar’ Era
Fintech Finance
APRIL 17, 2024
The platform, which is used by more than 450 payment service providers (PSPs), connects to over 100 independent software vendors (ISVs), bringing ease of use to over 450,000 active merchants each month across 160 countries using 50 different currencies2.
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An Overview of the Payments Ecosystem in 2024
Clearly Payments
FEBRUARY 14, 2024
Payment companies compete to win merchants through a variety of strategies aimed at offering competitive pricing, value-added services, and superior customer experience. These additional services can help merchants manage their businesses more effectively and efficiently.
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Visa Enhances Payment Acceptance Solutions to Help Merchants Offer ‘Best-in-Class’ Options
The Fintech Times
APRIL 19, 2024
As a part of Visa’s value-added services, cloud-ready solutions like the Visa Acceptance Platform and Visa’s Tap to Phone payment solution have helped clients scale their businesses and tailor their payment systems to meet consumer needs.
Mastercard, Pine Labs And The Global Buy Now, Pay Later Explosion
PYMNTS
FEBRUARY 4, 2020
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 services providers to its platform — making the experience for the consumer at the point of sale frictionless.
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Top News In Payments: US Backers Rain Money On Savvy Startups; Toyota Designs Japanese Smart City
PYMNTS
JANUARY 7, 2020
Why 64 Pct of Merchant Services Providers Want a Payments Overhaul. In the Key To Optimizing Merchant Services Playbook: Leveraging Core Processing Systems, PYMNTS explores how merchant service providers are dealing with the technical aspects of supporting value-added services.
Top News In Payments: Antitrust Probe For Google Shopping Comparison Tool; Visa Warns Of Rise in Gas Station POS Cyberattacks
PYMNTS
DECEMBER 16, 2019
New Data: Why MSPs Are Staking Their Futures On Value-Added Services. Nearly 90 percent of merchant service providers believe offering value-added services — like alternative payment acceptance and data analytics — is vital to their success.
Visa Joins Phixius Pilot For B2B Payment Data Exchange
PYMNTS
AUGUST 12, 2020
Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital payments data, NACHA said in a Wednesday (Aug. 12) announcement.
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Catching Consumers In Context And How POPCodes Makes It Possible
PYMNTS
MARCH 30, 2017
With the same solution, POPcodes also helps acquirer and ISOs better service and support their merchant community. That means traditional payments players, according to Aamoth, need to be thinking less about their customary roles and more about the value-added services they can build out on their large, well-connected payments networks.
How Bookkeeping Capitalizes On Young, Digital-First SMBs
PYMNTS
FEBRUARY 28, 2020
However, small business demands continue to evolve, with Daher pointing to entrepreneurs’ need for value-added services on top of the basic bookkeeping tools. “Increasingly, other providers in this stack have APIs and the ability to electronically access data,” he said.
Why The eCommerce Model Is More Accessible To SMBs Than They May Think
PYMNTS
SEPTEMBER 21, 2020
The pandemic has brought out the best in many B2B service providers looking to help their business customers that struggle amid market volatility. Yet many of those service providers faced immense challenges themselves. That was the concept for CloudBusiness , which operates business management tool Synder.
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5 Key Trends Shaping Fintech in India, According to PwC
Fintech News
AUGUST 12, 2024
Ecosystem banking helping FSIs capture untapped opportunities Another significant fintech trend in India is ecosystem banking, where financial service providers offer holistic solutions that integrate financial services within non-financial ecosystems.
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Understanding Chargebacks
Segpay
APRIL 16, 2024
Provide Exceptional Customer Service: Offer prompt and responsive customer support to address inquiries, complaints, and disputes effectively, reducing the likelihood of chargebacks.
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How FinTech Tackles Financial Inclusion For India’s SMBs
PYMNTS
JANUARY 3, 2020
These firms also need to be connected to value-added services, such as affordable logistics service providers, access to a qualified workforce, automated payroll and taxation services. However, offering SMBs a digital platform to connect with other business buyers and sellers is only one piece of the puzzle.
Visa’s $5.3B FinTech Play, Wrapped In Plaid
PYMNTS
JANUARY 14, 2020
On a conference call with investors following the announcement, Visa CEO Al Kelly said that “Plaid opens up new market opportunities by significantly expanding Visa’s network capabilities,” adding that Plaid provides “a terrific platform for extending” Visa’s integrated payment solutions and value-added services.
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Citi Explores The Real-Time Payments User Experience
PYMNTS
OCTOBER 28, 2019
These efforts are laying down the instant payment rails, but key to adoption, he said, are the value-added services innovators are building on top of them. What’s so important about open banking, though, is its opportunity to usher in those value-added services and transform the broader user experience.
Businesses Are Ready To Make The RTP Leap
PYMNTS
AUGUST 20, 2020
Phixius is a payment data exchange platform aimed at providing service providers with the ability to manage transaction data pre- and post-payment with a focus on efficiency and security. Visa has joined the pilot Phixius program operated by NACHA, the companies recently revealed. Azerbaijan Launches Instant Payments Rail.
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How Merchants Navigate Payments Integration Risk
PYMNTS
JANUARY 30, 2020
For software companies and platforms that seek to integrate payments and provide value-added services to merchants, there is the never-ending challenge of balancing trust and risk. Risks for Merchants — and Providers. For service providers, one of the most basic risks in the commerce arena is merchant risk.
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Becoming Our Money ? And Other Tales From The POS World
PYMNTS
JUNE 20, 2018
But as Byrne told it, that older technology lacks the capability to handle value-added services, which are becoming more important for POS and payments products. Other value-added services also help POS service providers win over customers, including those with legacy systems.
The Retail Innovation Race Pits Products Vs. Services
PYMNTS
JULY 11, 2019
In an new PYMNTS interview, Karen Webster and Nicky Koopman, senior vice president of Content and Value Added Services at AEVI dig deep into findings from the PYMNTS and AEVI Retail Innovation Readiness Index. Services are operated so differently,” Koopman said when asked to explain such differences. Innovation Role.
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Banking As A Service — Bring Corporates Into The Digital Age
PYMNTS
DECEMBER 4, 2020
That’s one of the key advantages of BaaS, which, as part of the evolving open banking landscape, brings third-party innovation together with banks’ account holder data (accessible through APIs — and, as noted in the Banking as a Service Playbook , an important framework for banks as they endeavor to create value-added services).
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Banking Data Monetization: Customer Demands, New Rules, and Revenue Prospects
Fintech News
MAY 19, 2024
Internal or indirect methods include using data to make measurable business performance improvements and inform decisions, while external or direct methods include data sharing to gain beneficial terms or conditions from business partners, information bartering, selling data outright, or offering information products and services.
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What Are Billbacks and How Do They Work?
EBizCharge
AUGUST 5, 2024
While traditional billbacks typically involve charging the client for direct expenses incurred during a transaction, enhanced billbacks are additional fees or charges related to service levels, administrative costs, or other value-added services the vendor provides.
Wirecard To Buy China’s AllScore To Expand Cross-Border Licenses
PYMNTS
NOVEMBER 5, 2019
Founded in 2007, AllScore is a local payment services provider with an attractive license portfolio and a dedicated team of more than 120 staff members.
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From Stablecoins to Consumer Protection – Industry Identifies Next Big Payments Trend for 2024
The Fintech Times
FEBRUARY 27, 2024
Payment service providers will need to find ways of monetising the data generated by payments and creating value-added services that elevate payments beyond a simple transfer of funds. However, as was the case in the telecommunications industry, innovation doesn’t end because a product becomes commoditised.
MyBank Pilots Digital Identity Solution
PYMNTS
JUNE 8, 2016
The first transaction between Signicat , a digital identity service for banks, and CWBI , an Italian software provider, as part of the MyBank Identity Verification Pilot, took place on Tuesday (June 7).
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How is Embedded Finance in the E-Commerce Checkout Impacting Traditional Payment Providers?
The Fintech Times
APRIL 30, 2024
“They’re also developing value-added services like fraud detection and data analytics to remain competitive. “Software as a service providers have also entered the market, embedding a variety of lending and finance options into their business management platforms.
EMVCo Updates Payment Tokenization Specs
PYMNTS
MARCH 30, 2016
Additionally, notes the release, PAR is useful in transactions involving value-added services, such as loyalty, as such programs often leverage historical transactional data to derive analytics surrounding them. We look forward to continuing our work with the industry to manage and evolve this payment technology further.”
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How Payment Variety Drives Collections Flexibility For SMBs
PYMNTS
APRIL 2, 2020
For payment service providers, this presents an opportunity to guide small and medium-sized businesses (SMBs) that serve both business and consumer customers toward solutions that can not only support customer satisfaction, but also promote efficiencies for the seller as well.
How Companies Make Revenue from Payments and the Different Business Models
Clearly Payments
JANUARY 10, 2024
This involves obtaining a payment processing license and directly providing payment systems to merchants. Payment processors earn revenue from a combination of flat transaction fees, percentage transaction fees, monthly fees, subscription fees, and other value-added services.
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How is the Pandemic Driving Digital Transformation in Account Opening?
FICO
AUGUST 23, 2021
Financial services providers should not presume that older age groups aren’t ready to use digital services or that younger customers automatically can. There may be a case for changing tactics and paying more attention to helping younger customers become more confident with digital financial services. by Darryl Knopp.
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