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Atome, a buy-now-pay-later provider, has partnered with OceanBase , a distributed relational database developed by Ant Group, to upgrade its database infrastructure. To manage its increasing transaction volume, Atome will integrate OceanBase’s distributed database system.
Rethinking Registration to Stop Fraud Early Source: wombatzaa via Freepik User registration is fintech’s critical first line of defense, but traditional methods, such as manual document verification and static data checks from consortia databases, are faltering against modern schemes.
Faster and often employed for securing large volumes of data (e.g., databases). Database Protection : Securing databases that house customer information and transaction records. Database Security : Protecting customer information stored in financial systems. Example algorithm: Advanced Encryption Standard (AES).
The merchant underwriting process helps reduce fraud (including chargeback volume), ensures compliance with regulations, and protects financial stability in the payment processing space. Key steps include application review, risk assessment, credit checks, and compliance verification.
For B2B companies that handle complex product catalogs, custom pricing, and high-volume orders, this challenge is even more pressing. The manual processes that might work for a small firm quickly become unsustainable as order volumes grow and business complexity increases. API limits are usually the biggest technical hurdle.
Even if criminals access your database, they only find meaningless tokens. Implementing tokenization becomes more complex as transaction volumes increase and systems become more integrated.
The Standard and Advanced plans also offer a customer database to tie in with loyalty programs, and can support gift cards. They all include a customer database and the option to accept customer feedback. You can also utilize the customer database and create loyalty programs or offer gift cards. Is Clover cheaper than Square?
Without a standardized database, these variations created constant confusion. Similarly, the component called a boot in documents from UK and German manufacturers would show up as a deck or trunk in manufacturers from other countries. Let’s take a look at the impact: 1.5
Subscribe News | Interviews | Voice of the Industry | Watch & Learn | Reports | Cross Border Ecommerce Research | Company Database | Events News Pix launches Pix Automático in Brazil Monday 16 June 2025 10:17 CET | News Pix , a Brazil-based instant payment system, has today launched Automático, a new recurring payment method.
Furthermore, among the benefits that the agreement is expected to bring to Lemonway, the company cites a transaction volume of 20 million, generating EUR 726 million in payments since its establishment, with an average basket of EUR 36.3. Additionally, the transaction will enable Lemonway to achieve EBITDA break-even.
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When it comes to businesses with higher transaction volumes, the company provides a subscription of EUR 20 per month, which can reduce the transaction rate. As detailed by Mollie, business owners can select the pricing model that meets their needs. The Tap terminal is available from EUR 45.
Additionally, Checkout.com noted a 176% rise in total processing volume in the UAE from 2023 to 2024, alongside a 320% growth in daily online shopping since 2020. As digital payment volumes continue to rise, the integration of real-time infrastructure is positioning the region as a leading hub for financial technology development.
Best for : High-volume subscription businesses seeking to minimise failed payments. Persona Provides fully customisable identity verification flows with options for ID checks, biometrics, and database lookups. Onfido Offers AI-powered document verification, facial biometrics, and database screening through easy-to-integrate APIs.
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It was chosen for its ability to integrate into government disbursement systems to manage high-volume payments, offering an infrastructure designed to move funds into people’s accounts with minimal friction. This is key for underserved or unbanked individuals, as no SSN or ID is required.
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Costs that scale poorly for large volumes 3. 8 Tungsten Capture High-volume document scanning 4.3/5 Database matching for data verification 7. On the other hand, the research also revealed that the platform falls short when it comes to: ➡️ 1. Accuracy when processing handwritten text 2. 5 No Pay-as-you-go ($1.50
Digital transformation, the internet, and AI have made it possible to collect real-time data from a wide range of sources, including company websites, government databases, and even social media. Alternative Payment and Transaction Data Payment processors and fintechs can provide insights into transaction volumes and cash flow patterns.
A healthcare provider might need precise extraction of patient information, while a financial institution may focus on processing high volumes of bank statements. Pricing: Free tier: 500 pages Pro plan: $999/month Enterprise: Custom pricing for higher volumes Annual discounts available 2.
Testing and Validation Thorough testing ensures your integration performs well under various scenarios and volumes of data. Optimization methods comprise query optimization and database indexing, caching for repeat data, batch optimization of massive data, and scaling and allocation processes.
Consider an alert investigation process that isn’t automated: an analyst might need to pull customer info from a KYC database, transactions from a core banking system, and screening results from yet another platform, then manually piece them together to decide if an alert is suspicious. What do these inefficiencies look like in practice?
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The firm reports that merchants in the Netherlands are already processing nine-figure payment volumes annually through its system. It integrates payment processing with functions such as reservations, inventory management, and reporting.
Here’s what you might want to consider before committing: Pricing challenges: Sensible’s pricing structure can feel steep, especially for businesses with irregular or low-volume document processing needs. accounting tools (Quickbooks, Xero), CRMs, and databases—no coding required.
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Enterprise pricing available for higher volumes. Contact our sales team for custom plans. Veryfi Veryfi OCR interface | Source Veryfi is an AI-powered document processing platform that extracts data from receipts, invoices, and various business documents in real-time.
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Most Enterprise Data is Unstructured Why Agents and RPA Require Structured Data Automation tools like Robotic Process Automation (RPA) excel with structured, predictable data - neatly arranged in databases, spreadsheets, or standardized forms. They falter with unstructured inputs.
Higher tiers available based on volume needs. It reduces manual data entry through its deep learning models and advanced OCR technology, making it particularly effective for high-volume, accuracy-critical operations. Good fit for businesses who need to automate lead capture and order processing without dedicated technical staff.
With easy integration into ERP, CRM, and database systems, Nanonets enables companies to reduce manual effort, automate repetitive tasks, and improve overall efficiency. Pricing overview Hyperscience offers custom pricing based on business needs, with solutions tailored for different volumes and complexity levels. Ease of Setup 9.0
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