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One Tap to Pay, Three Steps to Bank: Why Your Smartphone Gets You, But Your Bank Still Doesn’t

Fintech Finance

Banks commonly rely instead on outdated authentication methods like PINs, passwords, and repetitive verification steps, for even the simplest transactions. The disconnect between everyday smartphone verification and banking authentication is becoming harder to justify as payment technology and regulation advance.

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The End of Average: AI Is Rewriting the Rules of Digital Banking CX

Finextra

Banks turned to a powerful ally: artificial intelligence. AI didn’t just automate services—it began shaping intimate, context-aware journeys that feel less like banking and more like a personal concierge for your financial life. Banks around the world rolled out AI-powered personalization features in 2024. The result?

AI
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Credit Card Payment Integration: How to Integrate Payments into Your Website and Point of Sale

Stax

TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. The issuing bank verifies whether the customer has enough funds in their account to complete the transaction.

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Credit Card Merchant Services: What to Look for (and What Most Businesses Miss)

Stax

These services enable you to process credit card payments online, in person, and on the go, and include everything from secure payment gateways to merchant accounts and point of sale (POS) systems. Interchange fees are the base fees charged by card-issuing banks to process a transaction.

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Tokenisation 2.0: Are we ready for the next generation of payment security?

The Payments Association

This enables rapid scaling of new payment use cases, without duplicating risk exposure. The traditional PAN is steadily becoming obsolete, a trend reflected in the growing use of numberless cards and online tools such as click to pay, which enables one-click transactions without requiring card details. .

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Fast and Flexible, Not Furious: How Top Card Issuers Win the Race

Fintech News

Card issuers need for speed exists on several levels, and we at OpenWay see this firsthand, since our Way4 card management software is used by top banks, processors and fintechs around the world. This can be an account opened in Way4 or in the integrated Core Banking System. Indeed, rapid product development remains a top priority.

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Choosing the Right Payment Gateway for Your Specific Business Needs

My Payment Savvy

A payment gateway processes credit card payments for both online and in-person transactions. It collects payment data, secures sensitive information, and connects all parties needed to move money from your customer’s bank to yours. For online retailers, this entire sequence must complete flawlessly during checkout.