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What is a BIN in Payment Processing

Clearly Payments

In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant.

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Why staying put is no longer the safe option for payments innovation

The Payments Association

Legacy systems are increasingly unreliable, expensive to maintain, and resistant to modern payment innovations. The real question is no longer whether banks should modernise but how to do it with minimal risk and maximum value. But as the financial landscape evolves, that mindset is in danger of proving very costly.

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Adyen and Doctolib Partner to Transform Healthcare Payments

Fintech Finance

Adyen and Doctolib join forces to modernise consultation payments Adyen , the global financial technology platform of choice for leading businesses , and Doctolib, the European leader in digital healthcare services, are joining forces to offer medical professionals innovative and secure financial services.

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Paymentology, audax, and Mastercard Launch Report Highlighting the Future of Payments with Cards-as-a-Service (CaaS)

Fintech Finance

” The report highlights the transformative potential of CaaS in enabling banks and fintechs to become distributors of payment services to industries across the board, unlocking new revenue streams and driving growth in the digital economy. .”

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Mastercard pilots Tap to Pay for ecommerce and in-app payments

NFCW

Mastercard is testing a new service that enables cardholders to simply tap their contactless bank card to their NFC smartphone in order to complete an ecommerce or other card-not-present transaction, executive vice president Jennifer Marriner has revealed.

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Is Vietnam Undergoing a Cashless Revolution?

Fintech News

The Vietnam Consumer Trends 2024 report, released in October, explores key drivers set to fuel Vietnam’s growth and opportunities, highlighting that digital payment methods are gaining dominance, and helping improve financial inclusion and accessibility. E-wallets followed at 31%, ahead of bank cards at 18%. rate in 2023.

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Zebra launches Android NFC smartphone with built-in RFID tag reading

NFCW

ANDROID: Zebra’s EM45 RFID smartphone can read both UHF RFID and NFC tags Zebra Technologies has unveiled an enterprise Android smartphone that comes with built-in support for both ultra high frequency (UHF) RFID and NFC tag reading and the ability to also function as a contactless payments acceptance device.