Nanonets

SEPTEMBER 28, 2023

What is Electronic Funds Transfer (EFT)? ​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. EFT stands for Electronic Funds Transfer. Checking accounts allow you to write checks and use a debit card to make purchases.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

Nanonets

SEPTEMBER 28, 2023

What is Electronic Funds Transfer (EFT)? ​​If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. EFT stands for Electronic Funds Transfer. Checking accounts allow you to write checks and use a debit card to make purchases.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wire 52

Payment Savvy

JULY 3, 2024

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Consumer Payment Choice, an impressive 85% of adults in the United States use them as a payment method. What Is Debit Card Processing?

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

JULY 9, 2024

Digital payment methods essentially make up any payment type that is done digitally. From a consumer’s perspective, that means any transaction that doesn’t need a physical credit card, debit card, prepaid cards, or checks. Setting up mPOS in your business Mobile POS systems are easy to adopt.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

Stax

APRIL 30, 2024

This account is used by banks to temporarily hold funds from credit or debit card payments or other electronic transactions. Once the bank verifies and approves the payment, the funds are transferred from the merchant account to your business account. Quick fund transfers as early as 24 hours.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. It then sends an approval or denial response back through the card network to the payment processor.

Process 59

Process Processors Online and Mobile Banking Payments 59

Stax

DECEMBER 27, 2023

A merchant account refers to a business bank account that allows businesses to accept electronic payments for goods and services. This includes credit card payments, debit cards, and other payment options that require a merchant account to process payments, such as eChecks and ACH.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

Stax

SEPTEMBER 17, 2024

TL;DR A payment gateway is a solution that securely reads and transfers a customer’s payment information to a merchant’s bank account—both for online and in-person transactions. Benefits of using a payment gateway include a simplified purchasing experience for customers, increased operational efficiency, and PCI compliance.

Payment Gateways 88

Payment Gateways Gateways Online and Mobile Banking Payment APIs and Integration 88

EBizCharge

APRIL 25, 2024

Wire transfers and electronic funds transfers have been staples of financial transactions for decades, but various electronic transfer methods have emerged with the innovation in banking technology. What is an electronic funds transfer (EFT)?

Wire Transfer 52

Wire Transfer Wire Wires Electronic Funds Transfer (EFT) 52

Finovate

SEPTEMBER 20, 2024

Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines , and the pace of digital transformation in India’s financial services sector. In our last edition, we spent time in Spain with wealthtech GPTadvisor.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Stax

MARCH 14, 2024

Business to consumer (B2C), by comparison, relies on speedy payment processing to transact on the spot. Most B2C transactions are performed at the point of sale (POS), whether it’s eCommerce or in-store checkout, which lends them to faster payment methods like mobile payments more often than B2B transactions.

B2B 88

B2B Process B2C Credit Cards 88

Clearly Payments

NOVEMBER 26, 2023

The Ways HVAC Companies Accept Payments HVAC companies streamline the payment process by offering diverse payment methods tailored to customer convenience. Checks, while traditional, remain a prevalent option, permitting customers to mail payments or settle them in person.

Credit Card Payment Processing 52

Credit Card Payment Processing Credit Cards Process Processors 52

PYMNTS

AUGUST 9, 2017

Card-based transactions in China — where UnionPay holds a state-enforced monopoly on all card-based payments — are up 35 percent over this time a year ago. By then, the fight was between Ant Financial and Tencent to capture the mobile QR code payments flag. The Global Card Networks that Want in.

Online and Mobile Banking 46

Online and Mobile Banking Push-to-Card Payments Mobile Payments 46

Stax

FEBRUARY 28, 2024

Learn More What are payment terminals? In simplest terms, payment terminals are the machines used to pay for things using credit or debit cards when you make a purchase in-person. When you buy something at a store and insert your chip card into a machine that uses EMV technology, that’s a payment terminal.

Payments 88

Payments Credit Cards Non-Bank Contactless Payments 88

Clearly Payments

DECEMBER 7, 2023

Recurring Payments: For subscription-based services, the gateway facilitates the setup of automated recurring payments, ensuring a hassle-free experience for our customers. Mobile Payments: The convenience of mobile payments is seamlessly integrated, allowing customers to use popular apps like Apple Pay and Google Pay.

Payment Gateways 52

Payment Gateways Gateways Online and Mobile Banking Payment APIs and Integration 52

Clearly Payments

DECEMBER 5, 2023

This involves the actual movement of money between financial institutions Reporting and Reconciliation: Payment processors provide merchants with reporting and reconciliation tools, allowing them to track transactions, analyze financial data, and reconcile accounts. appeared first on Credit Card Processing and Merchant Account.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

EBizCharge

APRIL 17, 2024

Your business can benefit from payment links since they don’t involve technical requirements for the payer and offer versatile payment links such as credit cards, electronic payments, and mobile payment options. How do payment links work? How do payment links work?

Online and Mobile Banking 59

Online and Mobile Banking Payments Payment Gateways Credit Cards 59

Fintech Labs Insights

JULY 23, 2015

Mobile point-of-sale solution for feature phones . Bitcoin wallet & payments. P2P mobile payments & remittances. Tags: Payments, fx, SMB, funds transfers. HQ: Mumbai, India. Latest round: $25 million Series C. Total raised: Unknown. Source: Crunchbase. Platform-as-a-service provider.

FinTech 29

FinTech P2P Debit Card Risk Management 29

Fintech Labs Insights

MAY 26, 2016

Two Finovate alums scored big rounds: Zooz raised $24 million for its payment technology. Azimo raised $15 million from Rakuten for its funds transfer service. ——-. Payments technology. Mobile payments. Prepaid debit card. EPG (Easy Payment Gateway). Payment management .

Debit Card 20

Debit Card Online and Mobile Banking FinTech Funds Transfer 20

Fintech Labs Insights

JUNE 11, 2015

Bright Funds raised a $1.8 CashSentinel scored undisclosed Seed funding to help expand its mobile payments and escrow service. Mobile payments & rewards app for hospitality industry. Mobile payments . Bright Funds. Mobile payments with escrow. So far this year, $7.5

Underwriting 28

Underwriting FinTech P2P Payroll 28

Clearly Payments

SEPTEMBER 16, 2024

Contactless Cards Percentage of Transactions : Contactless cards account for the majority of contactless payments globally. In regions like Europe and Australia, contactless card payments represent over 60-70% of total card-based transactions. Graph of the number of contactless payments by country.

Contactless Payments 52

Contactless Payments Push-to-Card Payments Transactions 52

Fintech Labs Insights

OCTOBER 9, 2015

Mobile payments. Mobile payments for parking lots. Money transfer service. Payment software for marketplaces & platforms. Tags: Consumer, payments, funds transfer, remittances, cryptocurrency, P2P, person-to-person. HQ: New York City. Latest round: $45 million Series B. HonkMobile.

FinTech 29

FinTech Online and Mobile Banking P2P Underwriting 29

EBizCharge

JULY 2, 2024

It also enhances security, as modern contactless payment options like digital wallets and chip cards are equipped with advanced encryption, protecting sensitive customer information from potential fraud. Businesses can use these apps to collect payments quickly and efficiently. What should I do if a customer doesn’t pay on time?

Contactless Payments 52

Contactless Payments Payments Online and Mobile Banking Disputes 52

Fintech Labs Insights

AUGUST 5, 2016

Multi-merchant credit/debit card loyalty progam. Credit card & mobile payments fraud protection. Tags: Consumers, mobile payments, credit/debit cards, security, fraud protection. Source: FT Partners. Bitcoin exhange & wallet. Latest round: $10.5 Total raised: $117.2 P2Binvestor.

Multi-Currency 17

Multi-Currency FinTech Funds Transfer Online and Mobile Banking 17

Fintech Labs Insights

AUGUST 8, 2016

Mobile payments platform. Lost/stolen credit & debit card solution. Sound-based payment & banking technology. Blockchain-based institutional funds transfer and settlement. Tags: Institutions, payments, funds transfer, blockchain, bitcoin, crypto-currency. Latest round: $8.4

Underwriting 18

Underwriting FinTech Debit Card P2P 18

Nanonets

FEBRUARY 21, 2024

Conducted typically at the close of a shift or business day, cash reconciliation covers not only physical currency but also checks, credit and debit card transactions, electronic fund transfers, and newer forms of payment like digital wallets and mobile payment platforms.

Reconciliation 52

Reconciliation Best Practices Point-of-Sale (POS) Automation 52

Fintech Labs Insights

AUGUST 1, 2016

Payment & trade finance for microbusinesses. Payment processing. Credit card with consumer controls. International funds transfers. Trade finance & payments platform. Mobile payment & financing platform for field sales. Latest round: $13.2 million Series A. Total raised: $16.1

Underwriting 17

Underwriting Online and Mobile Banking Debit Card FinTech 17

Fintech Labs Insights

JULY 12, 2016

Prepaid debit card for youth. Funds transfers. Micro-payments for online content. Mobile payments. Tags: Consumer, payments, mobile. Source: FT Partners. Latest round: $5.8 million Equity Crowdfunding (Crowdcube). Total raised: $5.8 HQ: Farnborough, England, UK. Source: Crunchbase.

Underwriting 17

Underwriting P2P FinTech Online and Mobile Banking 17

Fintech Labs Insights

AUGUST 11, 2016

Payment gateway. Mobile payments & personal financial management. Mobile banking. Tags: Consumer, payments, debit card, billpay, funds transfer, mobile, personal financial management, PFM. Source: Finovate. Latest round: $17.5 million Series B. Total raised: $20.4

Underwriting 18

Underwriting FinTech Debit Card P2P 18

Fintech Labs Insights

FEBRUARY 5, 2016

million for its global funds transfer app. Credit card acquiring for bitcoin exchanges & wallets. Mobile payments. Mobile payments for teens. Tags: Consumer, parental controls, payments, mobile, youth market. The total included at least $85 million in debt. Total raised: $8 million.

FinTech 17

FinTech Bitcoin Blockchain Underwriting 17

Fintech Labs Insights

JULY 14, 2016

million for its credit- and debit-card loyalty program. Alpha Payments Cloud joined Wells Fargo’s latest accelerator class , receiving an equity infusion of $50,000 to $500,000. Mobile point-of-sale platform. Direct debit platform. Payments platform. Mobile payments. Total raised: $9.5

Underwriting 15

Underwriting FinTech Online and Mobile Banking Debit Card 15

Fintech Labs Insights

JANUARY 18, 2016

Integrated payment processor. Mobile payments platform. Funds transfers between banks. Mobile payments. Tags: Consumer, payments, mobile. Latest round: $10 million Series B. Total raised: Unknown. HQ: Shanghai, China. Source: Crunchbase. SaaS banking platform. Latest round: $8.73

Online and Mobile Banking 18

Online and Mobile Banking Underwriting FinTech P2P 18

Fintech Labs Insights

MARCH 22, 2016

eWallet & mobile payments. Mobile payments & transactions. Mobile payments platform for telecom companies. Tags: Enterprise, payments, mobile, carrier billing. Total raised: $31.85 million including $25 million debt. HQ: Chicago, Illinois. Source: Pymnts. Total raised: $33.75

Underwriting 16

Underwriting P2P FinTech Online and Mobile Banking 16

Fintech Labs Insights

JULY 20, 2016

Payments for marketplaces. Alt-payments. NFC-based mobile payments. Tags: Consumer, prepaid debit card, deposits, underbanked, millendial, mobile, billpay. Source: Crunchbase. PromisePay. Latest round: $10 million Series A. Total raised: $12.25 HQ: Collingwood, Australia. Source: Crunchbase.

P2P 13

P2P Underwriting FinTech Remote Deposit Capture 13

Fintech Labs Insights

OCTOBER 16, 2016

In a new partnership , Jack Henry & Associates has integrated with Visa to allow customers to send P2P payments directly to a recipient’s Visa debit card. The partnership enables banks to offer funds-transfers a day sooner, or even same-day. Jack Henry & Associates ( F10 ) teams up with Visa ( F10 ).

EMV 17

EMV P2P Same Day ACH FinTech 17