Remove Acquirers Remove Settlement Remove Value Added Service
article thumbnail

BPC Launches New Report Exploring the Future of Next-Generation Acquiring in the Digital Economy

Fintech Finance

BPC , a global leader in payment solutions, today announced the release of its latest report, Next-Generation Acquiring: A New Reality of the Digital-Ready Future. To remain competitive, the report emphasises the shift towards Acquiring as a Service (AaaS), reducing costs while ensuring compliance and rapid innovation.

article thumbnail

The battle for merchant deposits: How the fintech sector is challenging banks’ core business

The Payments Association

While banks still hold the majority of merchant relationships and dominate acquiring market share in most regions, they face an existential risk. As fintechs’ superior payment solutions lure away more merchants, banks stand to lose processing revenue and all-important settlement deposits. billion in 2024.

FinTech 88
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BPC launches new report exploring the future of next-generation acquiring in the digital economy

The Payments Association

The acquiring industry is being reshaped by four key trends redefining how merchants accept and manage payments. The emergence of specialist vertical acquirer s,catering to specific industries such as gaming, hospitality and e-commerce. Regulatory developments are further shaping the future of acquiring.

article thumbnail

Lunar migrates to Visa-owned cloud-native platform Pismo; adopts Wise platform

Finextra

Pismo, which was acquired by Visa in 2024, offers an all-in-one platform with a broad product coverage, including core banking, payment processing, card issuing, digital wallets, lending, corporate banking, and financial asset management functionalities.

article thumbnail

Network International and Airtel Advance Their Strategic Rollout Plan in Key Markets

Fintech Finance

As part of this collaboration, Network will provide expertise and support for solutions including transaction processing, card management, fraud prevention, APIs sandbox, reconciliation and settlement, and online access for Airtel users. It currently serves 50 countries across the MEA region, including more than 40 African markets.

article thumbnail

An Overview of the Payments Ecosystem in 2024

Clearly Payments

From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. billion by 2027 , reflecting the indispensable role of these technical maestros in managing transaction authorization and settlement.

article thumbnail

Deep Dive: Mastercard’s Shift - From Plastic to Platforms

Finextra

Over the past decade, the company has aggressively diversified – expanding into new payment rails, new markets, and new value-added services. For instance, Mastercard acquired Vocalink in 2017 to enter the ACH and real-time payments space (today it directly participates in or powers multiple domestic bank transfer schemes).

Visa 52