This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In recent years, the payments market has been marked by continuous dynamism, driven by disruptive innovations and the emergence of new paradigms based on open models. These technology-led changes have brought about a profound transformation in financial services, often described as a true revolution.
Europe-based PAYSTRAX was looking for a comprehensive solution that would help their merchants prevent chargebacks, expand their list of value-addedservices, and improve transaction acceptance. Want to learn how? Check out our latest case study.
The fintech, which serves as an industry utility with over 30 years of experience, spearheads the creation of innovative digital platforms that support the integration of open banking and finance, crucial for modernising the financial ecosystem. CBI, led by managing director Liliana Fratini Passi, plays a pivotal role in this transformation.
What do the biggest, most successful merchant serviceproviders (MSPs) concur is the key to their collective future? PYMNTS got that answer, among others, in our just-published The Key To Optimizing Merchant Services Report , done in collaboration with technology firm Endava. .
With card-not-present fraud posing a greater threat to merchants than card-present transactions, the adoption of innovative fraud prevention solutions like network tokens will become necessary.
In other words, digital innovation has been slow to arrive in the service world, a point demonstrated by recent PYMNTS research in collaboration with AEVI, and a new PYMNTS interview with Nicky Koopman, SVP of content and value-addedservices at AEVI. Calls vs. Emails.
Businesses need help to access and deploy these powerful tools, however – and this means their merchant serviceproviders (MSPs) must be prepared to step up. Our analysis reveals a wealth of insights on what’s driving the MSP innovation agenda and the role core processing plays in these plans.
Token.io , the leading account-to-account (A2A) payments infrastructure provider, today announced it has become the first third-party provider (TPP) to be admitted to the giroAPI scheme. to enable the next generation of Open Finance services for banks, businesses, and consumers across Europe.” By joining giroAPI, Token.io
The current climate of innovators appears to be up for the challenge, however. Whether innovators develop new payment rails or create solutions that wield existing ones, they must take an ecosystem approach to easing friction. Accelerating Ecosystem Innovation. “It’s just so inefficient.
It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure. The latest updates deliver capabilities far beyond those of the legacy system, creating new opportunities to revolutionise services, reduce risk, expand market reach, and drive innovation.
This innovation has put banks on the defensive, as fintech presents an increasingly real and immediate threat to the banks’ share of the payments market. On one side, you have the traditional banks, the long-standing high street incumbents that have historically provided banking services to businesses and individuals.
The two companies will join forces to offer a one-stop payment acceptance solution for payment serviceproviders and merchant acquirers to create a seamless and secure payment ecosystem for processing domestic and cross-border payments.
Societ Benefit , a leading developer of digital payment infrastructures, innovativeservices, and open finance ecosystems, announces the approval of share capital increase of approximately 24 million by its Shareholders during the Extraordinary General Meeting held earlier today. CBI S.c.p.a.
The additional capital will enable AFS to expand its operations, enhance its product offerings, and drive innovation in the digital payments landscape. AFS’s commitment to innovation is evident in its development of advanced digital solutions, such as AFS Pay and AFS One, which caters to a diverse range of merchant segments.
Since its inception out of Cambridge University’s engineering department, Featurespace has developed innovative algorithmic-based solutions to analyze transaction data and detect even the most elusive fraud cases. The transaction is subject to customary closing conditions, including receipt of applicable regulatory approvals.
Antony Cahill Antony Cahill, Global Head of Value-addedServices at Visa, said, “Providing our clients with solutions that can adapt to and anticipate the changing threat landscape is of the utmost importance. The deal is expected to be finalised in 2025, subject to regulatory approvals.
Financial institutions (FIs) are facing an all too familiar challenge: Customers and clients are increasingly demanding fast, data-rich products and services, yet their legacy core payment processing systems are often antiquated. These challenges are especially acute for merchant serviceproviders (MSPs) and the clients they serve.
Innovation takes many flavors and paths, and that’s especially true when it comes to merchants who sell retail products and companies that sell retail services. Services are operated so differently,” Koopman said when asked to explain such differences. Innovation Role. The PYMNTS/AEVI research provides evidence of that.
LHV Bank , a subsidiary of LHV Group , is a BaaS (banking-as-a-service) provider to over 200 customer-facing fintechs, offering retail banking products for individuals and flexible lending for businesses. This way, we can focus on delivering innovative banking services, not just ticking compliance boxes.”
Network International (Network) , the leading enabler of digital commerce in the Middle East and Africa, has announced the signing of a strategic partnership with Reem Finance , the leading financial servicesprovider in the UAE.
The annual MEA Finance Industry Awards recognizes the financial institutions, technology solutions providers, fintech companies, serviceproviders and individuals for exceptional achievements, groundbreaking services and inspirational leadership in delivering innovative products and services.
This article will show all you need to know about online credit card processing and how you can select the best payment servicesprovider for your needs. You will receive your payment in full, while the customer will repay the loan in interest-free installments (but there are associated fees) to the credit provider.
The EU’s smart borders initiative exemplifies the innovative applications of digital identity in border control, using automated processes and biometric verification. Enriched data insights enable AI innovation, translating into more tools and value-addedservices.
As the region’s leading digital payment solutions provider and fintech enabler, AFS is once again demonstrating its commitment to driving innovation and enhancing customer experiences. This launch aligns perfectly with our mission to make everyday life easier through innovative technology.
Amidst this intricate dance of forces, competition reigns supreme, driving innovation and pushing the boundaries of convenience and accessibility. Issuing Banks (Bank Credit Cards): Issuing banks are institutions that serve as the backbone for individual consumers, providing credit and debit cards. As of 2023, there were over 4.5
Computop , the leading payment serviceprovider, will integrate the payment method, which is based on real-time credit transfers (SEPA Instant Payments), in Q4 2024. Over time, additional value-addedservices like integration of merchant loyalty programs and BNPL will be integrated.
For providers interested in becoming an early adopter of Mastercard Biz360, learn more here. A track-record for bringing small businesses into the digital economy Biz360 is the latest addition to Mastercard’s expanding suite of product innovations that go beyond banking, designed to support businesses at every stage of their growth.
And as PYMNTS has reported , P2P services such as Venmo and Zelle continue to grow and expand into new and value-addedservices. For starters, Zelle ’s Q3 results showed that its year-over-year payment values increased by 58 percent, while transaction volumes rose by 73 percent.
This week’s exploration of the latest in payment rail innovation finds industry heavyweights like Visa, SWIFT and NACHA eyeing speed and data to add value to both new and legacy payment infrastructures. Businesses Ready To Jump Into RTP. Visa has joined the pilot Phixius program operated by NACHA, the companies recently revealed.
The report, titled “Fintech – powering India’s US$5 trillion economy by fostering innovations, enabling inclusion and building a sustainable future”, provides an overview of the current state of fintech trends in India. One notable example is the Union Bank of India, one of the largest government-based banks in the country.
That, Khoja told Webster, is what attracted MasterCard to Pine Labs, because it has spent more than a decade in the market adding merchants, brands/OEMs and financial servicesproviders to its platform — making the experience for the consumer at the point of sale frictionless.
Discover how OpenWay achieved efficiency, innovation, and speed while ensuring seamless operations for customers. Additionally, OpenWay also provides valuable tips on navigating a successful migration. Solid reasons to leave legacy behind 1. How to ensure smooth sailing during migration 1.
For example, merchant servicesproviders (MSPs) have long supplied credit card processing for retailers as their central offering. It’s how future-minded MSPs are creating value with a slate of next-gen value-addedservices (VAS). percent also provide data analytics and 55.4
That’s one of the key advantages of BaaS, which, as part of the evolving open banking landscape, brings third-party innovation together with banks’ account holder data (accessible through APIs — and, as noted in the Banking as a Service Playbook , an important framework for banks as they endeavor to create value-addedservices).
To rethink the assumptions behind CBDC proposals and push for more privacy-oriented innovative solutions Many central banks and financial authorities worldwide are experimenting with central bank digital currency (CBDC), including the European Central Bank, the US Federal Reserve, and the Bank of England, among others. What’s next?
International banking group Crédit Agricole has partnered with Worldline , the payment and transactional services company, to launch a new joint venture CAWL ; a payment services brand for merchants in France. For larger merchants, CAWL will offer omnichannel solutions with dedicated commercial teams and expertise for each industry.
As the end of a decade decorated with payments and commerce innovation looms, Karen Webster lays out the seven trendlines she says will shape the new decade, one that will see yet another massive transformative shift. New Data: Why MSPs Are Staking Their Futures On Value-AddedServices.
AEVI worked with PYMNTS on its recently released Retail Innovation Readiness Index , a deep dive into what drives retailers to invest in or forgo certain innovations, whose findings are based on more than 400 retailers across nine different sectors in order to gauge innovation readiness. Sweet Spots for POS.
.” AFS’ approach to the provision of financial services is evidenced by a series of market-leading payment services that span card processing services, merchant acquiring, fintech solutions and value-addedservices.
Visa Protect is part of a broad suite of Visa value-addedservices, which has expanded to include nearly 200 products across five popular categories: acceptance, advisory, issuing, open banking, and protect.
is improving its compliance with EU Instant Payments regulation following a new partnership with payment servicesprovider, Worldline. The new partnership will see Worldline provide Anadolubank with its cloud-based instant payments solution for five years, accelerating digital transformation while remaining compliant.
Worldline , the global payment servicesprovider, is expanding its strategic partnership with BKN301 , the Banking-as-a-Service (BaaS) fintech company, enabling it to handle issuing and acquiring technical processing activities.
Today, Visa (NYSE:V), a leader in digital payments, announced continued expansion of its global value-addedservices business with the addition of three new AI-powered risk and fraud prevention solutions. The post Visa’s Growing Services Business Infused with New AI-Powered Products appeared first on Fintech Finance.
This integration will enable Engine’s clients to meet compliance requirements quickly and easily and go beyond this to commercialise open banking with value-addedservices. It incorporates all the innovation from Starling, enhancing efficiency in the industry.”
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content