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Question: what’s the best way for your business to get paid while satisfying your customer’s need for varied payment options and convenience? Answer: know the top modes of payment your customers prefer, and ensure you accept them. In this guide, well help you do just that by exploring all the major payment methods for small business. Well highlight the pros and cons of each payment medium to help you narrow down the right options for your company.
Artificial intelligence (AI) is helping organisations take their offerings to the next level, and reflecting on how it has done so over the last few years for itself, the US based financial institution, Bank of America has revealed that AI is now embedded across multiple business lines and areas including global technology, operations and training. Bank of America spends $13billion annually on technology, of which approximately $4billion will be directed to new technology initiatives in 2025.
MyGuava Business helps small and medium-sized businesses in the UK to manage the challenge of payment processing fees, which have long been an unavoidable cost of operation. Whether through in-store POS terminals or online transactions, these fees directly impact profit margins, often leaving smaller businesses at a disadvantage compared to larger enterprises.
Credit card processing fees can be confusing for many businesses. Understanding how to calculate your true processing rate is key to managing your costs and finding the right payments partner. At Clearly Payments, were all about transparency. Heres a straightforward way to calculate your effective credit card processing rate and what it means for your bottom line.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Singapores Minister of State for Trade and Industry and Culture, Community and Youth Alvin Tan has called for stronger investor safeguards and clearer product disclosures following the recent Chocolate Finance incident. The fintech saw users tapping its rewards programme in ways that proved unsustainable. In response, the company made changes to its features with limited communication, resulting in user frustration and a sharp increase in withdrawal requests.
In fintech, speed is everything but so is visibility. Ive spent years helping fast-growth startups and established players navigate this high-stakes, high-noise industry, and among all the change, one thing stays the same: if youre not showing up, youre falling behind. In a space where challenger banks, SaaS disruptors, and embedded finance platforms are all vying for mindshare, the brands that break through are the ones that play smartest, not loudest.
New, independent research from the University of Connecticut, commissioned by DailyPay , illustrates the negative impact on Connecticut workers from the states January 2024 decision limiting their ability to instantly access their earned but unpaid wages. The research highlights the results of a survey, conducted in February and March 2025, following a measure by the state legislature that effectively shut down Earned Wage Access (EWA) services that had been available to workers in Connecticut f
New, independent research from the University of Connecticut, commissioned by DailyPay , illustrates the negative impact on Connecticut workers from the states January 2024 decision limiting their ability to instantly access their earned but unpaid wages. The research highlights the results of a survey, conducted in February and March 2025, following a measure by the state legislature that effectively shut down Earned Wage Access (EWA) services that had been available to workers in Connecticut f
Ripple will acquire Hidden Road for $1.25 billion, making it the first crypto company to own and operate a global, multi-asset prime broker. The acquisition expands Ripple’s offerings beyond payments into trading, custody, and lending services, providing financial institutions the infrastructure they need for crypto adoption. Between recent regulatory shifts in the US and Hidden Roads capabilities, Ripple is positioning itself to become a full-service financial hub as digital assets gain m
SNEAK PEAK: PAY360 state of payments survey 2024 findings revealed August 22, 2024 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The findings of The Payments Association’s State of the Industry 2024 survey, which examines the current state and future challenges of the payments industry. Why is it important? It provides crucial insights into emerging trends, challenges, and opportunities in the payments sector, helping stakeholders make informed decisions.
Revolut People , the performance management platform behind Revoluts global growth to over 10,000 employees, is launching a suite of integrated AI-driven tools which aim to enhance talent management for companies. Revolut is already rolling out these tools across its workforce, including AI-driven performance reviews, AI interview and summarisation, and AI-driven engagement surveys.
A new income tax survey from ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, developed in partnership with YouGov , shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.), suggesting that the inflationary economy is eroding disposable income as Americans turn to tax refunds for debt relief.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
AI-powered anti-money laundering (AML) company Hawk has raised $56 million in Series C funding. The investment will fuel product innovation for the Munich, Germany-based fintech, as well as power the company’s expansion plans. Hawk made its Finovate debut at FinovateSpring 2022 in San Francisco. The company was founded in 2018. Hawk , a company offering AI-powered anti-money laundering (AML), screening, and fraud prevention solutions, has secured $56 million in Series C funding.
Microsoft Dynamics GP (formerly Great Plains) is an enterprise resource planning (ERP) solution that offers a wide range of tools to help companies manage their core business and financial management operations, such as accounting, inventory, sales, purchasing, and more. While this ERP has been a reliable, on-premise solution for many years, Microsoft has gradually shifted its focus toward cloud-based ERP systems, signaling a transition away from traditional platforms like Dynamics GP.
Innovate Finance , the industry body for UK fintech, is calling for increased industry collaboration to help halve fraud in the UK by 2028 in its new anti-fraud strategy. Through A Technology Strategy to Smash Fraud , Innovate Finance sets out a clear plan to crack down on payment fraud in the UK, which currently costs the region at least 1.2billion annually.
Stripe , a financial infrastructure platform for businesses, announced a strategic partnership with Luckin Coffee , China’s leading coffee chain, to support its international expansion plans. Leveraging Stripe’s scalable infrastructure, technical support, and localization capabilities, Luckin Coffee has established a robust cross-border payment system to power its growth in Singapore and Malaysia.
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
Wise announced plans to open a new operational hub in Hyderabad, India, and has launched a new service for Indian businesses and freelancers to receive international payments. The Hyderabad office, described as a full stack hub, is due to open in the second half of this year and will support functions including product development, engineering, and operations.
Philippines-based Security Bank has announced a new collaboration with Entrust. The partnership will help the financial institution enhance its electronic Know Your Customer (eKYC) and digital onboarding processes. Headquartered in Minneapolis, Minnesota, Entrust is a veteran of Finovate’s developer conferences in 2015 and 2016. Identity-as-a-Service (IDaaS) innovator Entrust has entered into a new collaboration with leading Philippines-based financial institution Security Bank.
Affirm , a payment network aiming to empower consumers and help merchants drive growth, is teaming up with Shopify , the internet infrastructure for commerce provider, to enable merchants in Canada to offer customers the option to pay in instalments. Shopify merchants in Canada with early access can now offer Shop Pay instalments, powered by Affirm, to shoppers, marking the products first availability outside the US.
PayDo , a UK EMI-licensed fintech company, announced the launch of Team Members Feature. This upgrade to their Business Accounts was designed to help companies manage financial operations collaboratively. A step up from one business account per company, this feature now allows businesses to get all hands on deck with hundreds of employees gaining access to one dashboard at no detriment to its performance, for greater control, security, and efficiency.
Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
Singapore and Hong Kong-licensed payment institution FOMO Pay has launched local Vietnamese Dong (VND) virtual accounts. The service enables merchants, corporates, and institutions to send and receive VND within Vietnam using locally issued virtual accounts under their own names via the countrys local payment infrastructure. The introduction of VND accounts aims to support cross-border transactions involving Vietnam by potentially speeding up settlement, simplifying payment reconciliation, and i
Welcome to the Fintech Review guide , our definitive source for everything fintech. Over the years, weve covered a broad range of fintech topics from digital banking to decentralised finance , regtech , green fintech , and more. Through interviews, opinion pieces, and sector-specific deep dives, weve helped readers understand where fintech is today and where its going.
In a move to advance its strategic transformation, Lloyds Banking Group is leveraging the artificial intelligence (AI) and data science capabilities of Google Cloud. By partnering with Google Cloud, Lloyds is aiming to transform customer and colleague experience and unlock opportunities to innovate, enhancing its ability to provide personalised financial services.
Embedded finance specialist Weavr expands its capabilities by integrating B4B Payments , the globally recognised provider of card issuing and integrated payment services, into its embeddable financial solutions platform. The partnership marks a significant step in Weavrs evolution into a multi-financial institution provider model, reinforcing its leadership in embedded finance and enhancing the choice and flexibility offered to customers.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
On 8 April 2025, the Bank of Lithuania imposed a 3.5 million penalty on Revolut Bank UAB the largest penalty ever for the neobank for the deficiencies in its financial crime prevention system. The central bank’s inspection revealed breakdowns in Revolut’s transaction monitoring systems and deficiencies in detecting potentially suspicious activity.
With its minimal underwriting and fast setup, it lowered the barriers to entry for small businesses seeking credit card processing. Suddenly, business owners could download an app, sign up for an account, and accept credit cards within days or even hours. There was no lengthy application before you could start accepting cards, and Squares simple flat rate pricing structure was much easier to understand than complex tiered or interchange plus models.
Stripe , the financial infrastructure platform for businesses, has partnered with China-based coffee chain Luckin Coffee to support its international expansion plans. Leveraging scalable infrastructure, technical support, and localisation capabilities from Stripe, Luckin Coffee has established a robust cross-border payment system to power its growth in Singapore and Malaysia.
Paysend , the global fintech growing the world’s largest digital payment network – unifying over 20 billion endpoints into a single global, open and instant payment system – has partnered with Tink, A Visa Solution , to enhance its Open Banking capabilities. By integrating Tink’s market-leading solutions, Paysend is improving coverage, speed and payment quality for customers in key markets.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
Airwallex , a global financial technology platform, reported a 153% year-on-year revenue increase in Singapore for FY2024. The company attributed the jump to strong transaction volumes and a particularly robust fourth quarter. The global payments and financial platform said revenue in Q4 2024 rose 215% year-on-year, while transaction volumes were up 192% during the same period.
For many small business owners, credit card processing fees may seem like a hefty price to pay for providing convenience to customers. Even if you consider them to be a cost of doing business, credit card fees can quickly eat away at your already slim profit margins. Merchants paid a record $172 billion in payment processing fees in 2023. This figure may continue to climb as inflation rises and credit card networks boost their processing rates.
Pix, the popular payment method in Brazil run by the Central Bank of Brazil , is having its payment capabilities expanded upon as the central bank has announced a myriad of new features, including instalment payments. The announcement , which was made on the central bank’s YouTube channel, announced four new features coming to Pix : Pix instalments Pix under warranty Pix transaction disputes Pix scheduling Pix Parcelado The pay over time functionality for Pix, called Pix Parcelado, will al
Mastercard announced a strategic collaboration with PayTabs Group to facilitate digital payment solutions for small and medium enterprises in Egypt. Through this collaboration, PayTabs will leverage Mastercard’s global network and digital payments capabilities to provide merchants with a while-labelled digital payments platform. This solution is designed to elevate payment acceptance capabilities for small and medium enterprises, driving the widespread adoption of contactless payments whil
The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.
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