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Modern payment orchestration platforms now serve as strategic infrastructureoptimising performance, compliance, and customer experience at scale. Traditionally, payment orchestration platforms were designed to serve a straightforward function: routing transactions between merchants and various payment service providers (PSPs). However, in todays increasingly complex digital commerce landscape, the scope of payment orchestration has expanded far beyond mere transaction routing.
The crypto exchange is offering a $20 million reward for information leading to the hackers’ arrest. Coinbase terminated customer support agents who leaked customer data.
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Interac e-Transfer is one of the most popular ways to send and receive money in Canada. Many consumers use it to pay friends or family. But it’s also increasingly being used by merchants to accept payments. At Clearly Payments, we often get questions from business owners about how it works, how they can use it, and whether its a good fit for their operations.
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As digital payments evolve, AI is reshaping fraud prevention with real-time insights, adaptive controls, and improved security across financial systems. As the digital economy continues to grow, so does the need for quick, seamless, and secure payments. But traditional systems often struggle to keep upthey’re slow, clunky, and increasingly vulnerable.
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The $300 million infusion in a cross-border partner creates a complementary tie, the network’s CFO said. It also comes as headwinds rise on that front.
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The democratization offered by AI is making it easier for low-skilled, inexperienced bad actors to launch high-impact schemes. Even the deep web, which unlike the dark web, includes hidden parts of the internet that can be accessed without a special browser for maintaining anonymity, can be a hotspot for fraudsters, Alex Hall, trust and safety […] The post FIs, regulators rev up anti-fraud strategies appeared first on Bank Automation News.
Details of the payment process for merchants in the blog. We spell out who is involved, authorization, clearing, and the general workflow at each stage!
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Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
UK digital bank Monzo has reportedly lined up Morgan Stanley to pitch the company to investors ahead of a potential IPO in the first half of next year.
The digital processor signed a Dallas-based chain of driving ranges as a customer in the first quarter, and has made a push to add movie theaters, bowling alleys and arcades.
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Robinhood has announced plans to acquire Canada-based decentralized trading platform WonderFi. The all-cash deal is expected to close for $179 million. The acquisition will help Robinhood move into the Canadian market. Digital stock brokerage app Robinhood plans to acquire decentralized trading platform WonderFi in an all-cash deal totaling $178.56 million (CA$250 million).
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You are virtually guaranteeing that you will overpay for credit card processing if you’re comparing processors based on which ones are willing to provide a free terminal. The Economics of “Free” Credit card processing is a for-profit business, and the average basic machine costs a processor anywhere from $100 to $300. If a processor provides a business with a free machine, it begins the relationship at a loss equal to the value of the terminal.
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