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Spoiler: Both companies have overlapping product categories (payments, fraud prevention, in-person solutions, and more), but their strengths and weaknesses can make each a better fit for different customer profiles. The Payments Giants at a Glance It helps to frame the comparison with scale and performance. Let’s dig in.
Analysed: The future of point of sales (POS) systems 10 July 2025 by Payments Intelligence What is this article about? The strategic adoption of AI, IoT, mobile, and biometric tech to future-proof payments and retail operations. This transformation extends far beyond processing payments. Why is it important? What’s next?
Their announcement noted that The Peoples Community Bank’s current infrastructure does not support the ability to quickly build and launch new products, and with an infrastructure upgrade — which enables application programming interface (API) integration with Microsoft Azure — new products can be built and launched within a matter of days.
New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. A new survey from Citizens Bank says businesses are jumping into the real-time payments opportunity. Faster Payments Council Announces Board Advisory Group. This week, the U.S.
This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. To help enable online commerce, Stripe is building a suite of APIs that allow developers to implement its payment capabilities.
13), Visa said it will buy Plaid — which focuses on the development of application programming interfaces (APIs) that allow consumers to share their data with thousands of apps — for $5.3 In terms of mechanics, the acquisition — which involves a cash payment of $4.9 VisaNews (@VisaNews) January 13, 2020. The money movement?
The same demand for data integrations between back-office platforms spread into the need for those FinTech solutions to also integrate with SMBs’ bank account data for faster, more accurate data entry and analysis. The key to open banking’s rising adoption in the SMB financial services market, he said, is data integration.
Plaid creates application programming interfaces (APIs) that make it easier for consumers to share their data, including bank account credentials, with third parties via a single digital touchpoint. In terms of mechanics, the acquisition — which involves a cash payment of $4.9 Plaid (@Plaid) January 13, 2020. More details here.
Consumer habits are not yet achanging in the payments world, and it might take considerable incentives for them to do so. To shift consumers’ payment behaviors will take more than just providing another ‘me too’ mobile payments option; leading merchants will identify and provide next-generation, value-addedservices.”.
These firms also need to be connected to value-addedservices, 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.
In B2B payments, that means changes in how businesses access, protect and ultimately make their money. SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. Those services include bitcoin and peer-to-peer lending, analysts said. The times, they are a-changin’.
How IoT Can Make Payments New Again. PYMNTS’ recent Intelligence of Things Tracker noted that there will 26 billion connected devices in use worldwide by 2020. The seamless integration of devices and payments indicates that unattended payments is poised to take off, which means unlocking new payment experiences across everyday life.
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