Finezza

JULY 24, 2024

lakh micro, small, and medium enterprises (MSMEs) which account for nearly 30% of gross value added (GVA) in India’s gross domestic product (GDP). India’s economic growth hinges on the success of more than 633.9 appeared first on Finezza Blog.

Underwriting 59

Underwriting Accounts Product Posting 59

The Payments Association

NOVEMBER 4, 2024

began to grow and secure larger accounts, we realized the need to bring our card management capabilities in-house and work with an enterprise processor that could support us as we continued to scale up,” said Zach Johnson, Founder and CEO of dash.fi. Now, with its net 60 term charge card issued by E6, dash.fi “As dash.fi

Card Issuer 88

Card Issuer Underwriting Processors Issuers 88

Cardfellow

MAY 21, 2025

Lets take a look at what causes processors to freeze or close your account so you can do everything to avoid it. Freezes, Holds, and Closures Firstly, its important to understand the difference between three types of pauses on your processing: Freezes are full pauses on your merchant account. What causes account freezes or closures?

Accounts 40

Accounts Processors Credit Cards Push-to-Card 40

Nanonets

APRIL 26, 2023

Automation can have a significant impact on this process—particularly the loan underwriting process. Loan underwriting is the step before a loan is approved or denied, where a lender verifies a potential borrower’s income, assets, debt and property details in order to issue final approval for the loan.

Underwriting 52

Underwriting Automation Fraud Detection Risk 52

Stax

DECEMBER 27, 2023

But to accept payments seamlessly and securely, you need a merchant account. A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. Request Quote What Is a Merchant Account?

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

International Payments Processing

AUGUST 30, 2021

Kratom Merchant Account Because of the legality of the products, it isn’t easy to get a Kratom merchant account. Therefore, the largest of merchants are usually considered for a sponsored Kratom credit card processing account. IPP has several solutions that offer Kratom merchant accounts.

Accounts 88

Accounts Credit Cards Processors Legal 88

International Payments Processing

AUGUST 30, 2021

Kratom Merchant Account Because of the legality of the products, it isn’t easy to get a Kratom merchant account. Therefore, the largest of merchants are usually considered for a sponsored Kratom credit card processing account. IPP has several solutions that offer Kratom merchant accounts.

Accounts 88

Accounts Credit Cards Processors Legal 88

Finezza

APRIL 23, 2024

Accounts receivable financing or debt factoring is a common business financing practice. Businesses can sell their accounts receivable to a third party, called a factor, at a discount. Factoring […] The post Mitigating Risk in Debt Factoring: Underwriting Best Practices appeared first on Finezza Blog.

Best Practices 52

Best Practices Underwriting Mitigation Risk 52

PYMNTS

MARCH 3, 2020

It’s not difficult for a supplier to tell when accounts receivable (AR) processes are not optimized. In a B2B relationship , establishing a new customer comes with a trove of complexities, from underwriting the client for credit, to establishing payment terms, to mitigating fraud risk.

Accounts 74

Accounts Underwriting Reconciliation Credit Limit 74

PYMNTS

FEBRUARY 20, 2020

As Open Banking spreads further into the small business (SMB) financial services market, accounting and lending platforms are taking advantage. Small business accounting platform FreshBooks recently announced an agreement to integrate with Taxfyle , a data sharing arrangement that aims to automate tax prep for small business owners.

Accounts 87

Accounts Small Business Agreements Risk Mitigation 87

Clearly Payments

JUNE 20, 2025

That job belongs to payment processors — the companies that provide merchant accounts, handle transaction authorization, manage settlement, and often supply the point-of-sale hardware or APIs for integration. Faster, Simpler Onboarding Big processors can take days or weeks to underwrite a merchant account.

Process 52

Process Payment APIs and Integration Processors Payments 52

International Payments Processing

DECEMBER 29, 2021

Why High Risk Businesses Get Denied a Merchant Account? The merchant account process involves developing a merchant application package that is not typically necessary in the traditional point-of-sale , card-present (CP) arena. How Rapid Application Processing Helps You Get a High Risk Merchant Account Fast?

Risk 88

Risk Process Accounts Gateways 88

International Payments Processing

DECEMBER 29, 2021

Why High Risk Businesses Get Denied a Merchant Account? The merchant account process involves developing a merchant application package that is not typically necessary in the traditional point-of-sale , card-present (CP) arena. How Rapid Application Processing Helps You Get a High Risk Merchant Account Fast?

Risk 88

Risk Process Accounts Gateways 88

PYMNTS

DECEMBER 7, 2020

But according to Pero, banks aren't always equipped to fulfill online sellers' working capital needs due to their legacy underwriting processes. Traditional lenders look at the past," he said. They're not looking at the future.".

Finance 142

Finance Small Business Underwriting B2C 142

Clearly Payments

APRIL 24, 2025

Acquirer fees: Acquirer fees go to the financial institution that underwrites the credit and takes the financial risk. appeared first on Credit Card Processing and Merchant Account. Heres a simple breakdown: Interchange fees: Interchange fees go to the customers bank (the card issuer).

Large Merchants 99

Large Merchants Process Processors Volume 99

PYMNTS

SEPTEMBER 29, 2020

But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region. During the pandemic, said Shoihet, banks are already grappling with legacy credit infrastructure, and overworked underwriting teams doing their jobs from home with limited bandwidth.

Finance 114

Finance Underwriting Volume Caps 114

Stax

NOVEMBER 14, 2024

There are also risk holds—a routine procedure that most companies experience within the first few weeks of processing with a new merchant services account. In this context, they accept the funds from the sale once a card is authorized and deposit them into the business’ bank account. Issuing Bank: The cardholder’s bank.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

PYMNTS

APRIL 9, 2020

And while he’s heard anecdotal accounts, thus far he has yet to directly encounter a bank that has done the paying or an SMB that has received funds. His bank has gotten nearly through the application process with a few of their SMB customers, he noted, but they’ve not released any funds yet. Second: Eliminate The Capital Crunch .

Accounts 114

Accounts Small Business Governance Government 114

The Fintech Times

MARCH 30, 2025

. “Selected by top investors and industry leaders, their solutions are designed to tackle perennial business priorities in new ways from enhancing customer acquisition and retention to optimising portfolio management and improving underwriting.”

Innovation 80

Innovation FinTech AI Underwriting 80

Stax

APRIL 3, 2025

According to the Worldwide Retail Ecommerce Forecast 2024 by eMarketer, eCommerce will account for 21.0% This model works by having a master merchant account (and master merchant ID) through having a relationship with an acquiring bank. This means the sub-merchants dont have to go through the lengthy and arduous underwriting process.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

PYMNTS

DECEMBER 27, 2020

Securities and Exchange Commission approved a plan by the New York Stock Exchange to approve “direct” listings by companies, which let companies come to market without the underwriters (typically) large banks that charge hefty fees to bring the deals to the Street and reach institutional and retail investors.

Underwriting 108

Underwriting Legal Facilitators Research 108

PYMNTS

DECEMBER 16, 2020

Zhang and his co-founder, Ansel Parikh, had been developing Finch initially as a way to integrate consumer lending products within online marketplaces and other businesses, unlocking those firms' customer data to underwrite financing. Today, he said he sees three key categories of use cases for this information.

Payroll 116

Payroll Underwriting Use Case API 116

Stax

MAY 6, 2025

Other businesses may consider a more feature-rich platform to account for the integration of a variety of online and in-store payments into a single payment platform. Field service professionals often use these solutions to accept credit card payments directly into their app accounts. The merchant This is you or your business.

Credit Cards 88

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing 88

Finovate

SEPTEMBER 17, 2024

Courtesy of the partnership, Finastra will integrate Prelim’s technology into its Finastra Phoenix core solution to enhance the account opening experience. ” Prelim’s technology automates the application process, as well as internal processes such as reviewing, processing, underwriting, and servicing.

Accounts 59

Accounts Deposit Account Payment APIs and Integration Treasury 59

The Fintech Times

JUNE 30, 2025

AI, automation, and embedded insurance are just some of the technologies driving change in everything from underwriting and claims to customer engagement, leading many industry firms and leaders to rethink their approach. To conclude this month’s focus, we now look to the future. So, how can they best prepare for the future?

Payment APIs and Integration 80

Payment APIs and Integration AI Underwriting Treasury 80

Stax

JUNE 17, 2025

TL;DR An ISO (Independent Sales Organization) is a third-party company authorized to manage merchant accounts and provide payment processing services on behalf of acquiring banks. Simply speaking, an ISO—or Independent Sales Organization—is a third-party payment processing company that is authorized to handle merchant accounts for businesses.

ISOs 88

ISOs MSPS Credit Cards Acquirers 88

Finovate

MARCH 17, 2025

Walmart shoppers will soon be able to use Klarnas installment loans in-store and online, with OnePay handling the user experience and Klarna underwriting the loans. OnePay will handle the user experience, while Klarna will be in charge of loan underwriting. The deal strengthens Klarnas U.S. “Millions of people in the U.S.

BNPL 59

BNPL Underwriting Agreements Volume 59

PYMNTS

JANUARY 21, 2021

With the partnership, Revolut customers will have access to a range of coverage, including purchase protection, refund protection and ticket cancellation in places where the Revolut account is used, the release stated. customers could expect from their everyday accounts.

Underwriting 112

Underwriting Authorization Accounts Regulations 112

The Payments Association

MARCH 18, 2025

In India, telecom data is being leveraged to assess first-time borrowers, while in Kenya, mobile money transaction data is already driving credit underwriting for underserved populations. As of 2023, account-to-account (A2A) transactions in the U.S. Despite strong regulatory backing, adoption levels vary across Europe.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Fintech News

JUNE 25, 2024

Launched in August 2022, GXS Bank has enhanced its savings account, now allowing deposits up to S$75,000 with interest rates of 2.68% per annum for Saving Pockets and 2.38% for the main account. The account supports flexible savings with no minimum balance or lock-in period.

Underwriting 107

Underwriting On-Demand Accounts Finance 107

PYMNTS

DECEMBER 15, 2020

Because consumer transactions continue to rely on cash, the accounts receivable (AR) and accounts payable (AP) processes within the supply chain can be fragmented. Because the industry is dominated by startups, a lack of historical business data makes underwriting a challenge.

Legal 111

Legal B2B Underwriting Payment Reconciliation 111

PYMNTS

JUNE 26, 2020

Some startups focused on data aggregation to expand underwriting capabilities, while others operate platforms to facilitate financing. Utility account aggregation company Urjanet secured $14.65 Utility account aggregation company Urjanet secured $14.65 Based in France, Memo Bank announced a $22.5

B2B 115

B2B Finance Small Business Underwriting 115

Fintech News

SEPTEMBER 4, 2024

In addition, Lista features a receipt scanner that converts paper receipts into digital records for seamless tracking, and a cash flow sync function that securely consolidates all accounts in one place. The platform’s automated underwriting allows for same-day decision-making and fund disbursement, streamlining the lending process.

FinTech 114

FinTech Cross-Border Payment APIs and Integration Credit Cards 114

Fintech Finance

JUNE 26, 2024

Versapay , the leading Accounts Receivable (AR) Efficiency Suite, is excited to announce recent leadership changes within the company. Building a sustainable company requires not only great products but also a deep customer obsession that ensures a best-in-class experience from underwriting to implementation to support.

Product 98

Product Underwriting Payments B2B 98

Finextra

JUNE 23, 2025

AI must be both inclusive and explainable —capable of reaching those locked out of traditional credit systems, while remaining transparent and accountable. In insurance , our agents help underwrite policies using behavioral data, making coverage more accessible for underserved or high-risk segments. The ambition?

AI 52

AI Finance Payment APIs and Integration Embedded Finance 52

Fintech Finance

OCTOBER 24, 2024

A seasoned financial leader known for his expertise in building and managing high-performing finance and accounting teams, Anderson brings a wealth of experience in strategic planning, public offerings and financial systems implementation, aligning with Payouts Network’s growth trajectory.

Due Diligence 96

Due Diligence B2C Underwriting On-Demand 96

The Fintech Times

MARCH 11, 2025

ParaCode provides insurance firms – including insurers, brokers and MGAs – with a range of software tools to manage claims, reporting, accounting, and other administrative tasks. Torres has over nine years of SBA experience, including lending and credit underwriting.

FinTech 59

FinTech Payment APIs and Integration Online and Mobile Banking Non-Bank 59