FICO

MARCH 25, 2020

Home Credit , a global non-bank consumer lender, has successfully reduced its credit risk while maintaining loan volumes and keeping approval rates steady by incorporating the FICO® Score X Data to optimize its loan process in China.

Risk 97

Risk Point-of-Sale (POS) Financial Inclusion Risk Assessment 97

Stax

NOVEMBER 21, 2024

A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. The customer can make the credit payment physically by swipe, dip, or tap, depending on your point-of-sale (POS) system , which will capture the credit card details.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

The Fintech Times

JANUARY 21, 2025

EAZY Financial Services ‘EazyPay’, a Bahraini financial institution specialising in point-of-sale (POS) and online payment gateway acquiring services, has teamed up with Tarabut , the MENA region’s regulated open banking platform. Most recently, he served as chief operating officer at Bankable.

FinTech 59

FinTech Payment APIs and Integration Multi-Currency Online and Mobile Banking 59

Stax

MAY 13, 2025

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.

Credit Cards 88

Credit Cards Payment APIs and Integration Processors Process 88

Stax

JANUARY 21, 2025

Its a digital evolution of the conventional point-of-sale (POS) terminal. A physical POS terminal requires customers to insert, swipe, or tap their cards on the machine. In turn, the payment processor ensures a seamless transfer of the information between the merchant, issuing bank, and customer.

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration PCI DSS 88

PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Achieving ubiquity across the 12,000 or so FIs in the U.S.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

Stax

MARCH 4, 2025

The issuing bank verifies whether the customer has enough funds in their account to complete the transaction. Once approved, the information is sent to the merchants bank account, where the funds are deposited. If necessary, you need to apply for a merchant account through a bank or payment processor.

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88

PYMNTS

JUNE 26, 2020

Brett Narlinger , head of global commerce at branded payments provider Blackhawk Network , said some of that stems from consumers who lack banking system access and find cash the easiest way to handle transactions. Countless think pieces have been written about how cash is on its last legs, but somehow it keeps sticking around.

Venmo 99

Venmo Digital Payments Point-of-Sale (POS) Payments 99

Fintech News

FEBRUARY 15, 2024

This will prompt industry stakeholders to heighten their efforts to address cross-border payment inefficiencies through developments in crypto payment systems, the expansion of real-time payment capabilities, and solutions aimed at enhancing foreign exchange management and banking access across different countries.

Innovation 122

Innovation FinTech Cross-Border Payments Cross-Border 122

Fintech News

JULY 23, 2024

The list, produced by CNBC in collaboration with market research firm Statista, highlights the world’s top 250 fintech companies across eight market categories: payments, wealthtech, business process solutions, neobanking, alternative finance, financial planning, digital assets and banking solutions. billion (US$4.4

FinTech 133

FinTech Online and Mobile Banking Multi-Currency Non-Bank 133

The Fintech Times

MARCH 28, 2024

In the initial phase, Paymob will integrate MID Takseet into its point of sale (POS) terminals to facilitate in-store card and digital wallet transactions, with online integration slated for the second phase. MID Takseet offers advanced non-banking financial solutions, fostering growth for businesses and customers.

Finance 64

Finance Consumer Point-of-Sale (POS) Online and Mobile Banking 64

Fintech Finance

APRIL 16, 2024

has established a new pinnacle by executing the first non-Apple Pay account-to-account near-field communication (NFC) payment on an iPhone. celebrated the successful execution of the experimental transaction in development mode, setting the stage for what could revolutionize Point of Sale (POS) interactions.

Accounts 64

Accounts Transactions Point-of-Sale (POS) Non-Bank 64

PYMNTS

JANUARY 15, 2021

Businesses of all types are deploying new initiatives to meet this demand, with merchants like CVS Pharmacy rolling out QR-based payment integrations at store locations across the country, and payments providers like Square and PayPal introducing QR codes at their point-of-sale (POS) systems.

Contactless Payments 82

Contactless Payments Security Point-of-Sale (POS) On-Demand 82

FICO

MARCH 29, 2017

Here’s some more details: About 60% of the compromises were at non-bank ATMs, such as those in convenience stores. The rest took place at bank ATMs or point-of-sale (POS) devices, such as card payment machines at retailers. This new data follows a 546 percent increase in compromised ATMs from 2014 to 2015.

ATM 72

ATM Debit Card Compromise Point-of-Sale (POS) 72

Fintech News

MAY 7, 2024

It will also continue to invest in its comprehensive tech stack to power the end-to-end customer journeys across banking, insurance, and embedded commerce. Founded in 2008, Perfios is a B2B SaaS company serving the banking, financial services and insurance industry in 18 countries, empowering 1,000+ financial institutions.

Payment APIs and Integration 128

Payment APIs and Integration Non-Bank Finance FinTech 128

PYMNTS

OCTOBER 2, 2017

It was a team of cybersecurity researchers from the firm ERPScan, and not malicious hackers, who discovered that point-of-sale (POS) systems made by SAP had a gaping loophole. It was later revealed that non-celebrity users of the photo-sharing social network were also affected, though Instagram did not say how many.

Cybersecurity 76

Cybersecurity Breach Point-of-Sale (POS) Authentication 76

EBizCharge

MAY 5, 2025

Credit card processing fees are comprised of several fees, such as: Interchange fees: Interchange fees are paid to the card-issuing bank and typically consist of a percentage of the total transaction amount plus a small, fixed charge. Non-compliance can result in legal implications fines, and damage reputation. Request a demo or trial.

Credit Cards 52

Credit Cards Small Business Process ACH 52

PYMNTS

SEPTEMBER 30, 2020

This week’s commercial card innovation tracker finds a tie-up between a FinTech and a neo-bank to make cards available for Google Pay, as well as a Tokenization-as-a-Service offering from a card issuing platform. FinTech firm Nium has teamed with Southeast Asia neo-bank Aspire to enable a mobile payments feature with its cards.

Innovation 77

Innovation Card Issuer Debit Card PayPal 77

Fintech Review

DECEMBER 3, 2024

Point-of-sale (POS) terminals became commonplace, allowing businesses to process payments seamlessly. For example, PSD2 in Europe opened payment services to non-bank providers, encouraging fintech innovation. They offered convenience and security by eliminating the need for physical cash.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

Fintech Finance

MARCH 26, 2024

In the initial phase, MID Takseet will be integrated into Paymob’s point of sale (POS) terminals to power in-store card and digital wallet transactions, with online integration to follow in the second phase.

Finance 52

Finance Consumer Point-of-Sale (POS) Online and Mobile Banking 52

The Fintech Times

JULY 5, 2024

This has been made possible via Network’s point-of-sale (POS) terminals in the UAE. This initiative ensures seamless and secure transactions for Indian tourists and non-resident Indians (NRIs) across Network International’s merchant network in the UAE.

Point-of-Sale (POS) 59

Point-of-Sale (POS) Cross-Border Payments Cross-Border Payments 59

Stax

APRIL 18, 2024

For a merchant to accept credit cards, they need to pay both credit card processing fees to the banks involved and for the soft and hardware required to process cards. Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Fintech News

SEPTEMBER 4, 2024

However, recent stringent regulations imposed by the Reserve Bank of India (RBI) have significantly impacted the sector, leading many fintech companies to reassess their BNPL strategies. Similarly, Slice, originally a BNPL firm, has transitioned to offering prepaid credit cards and is now merging with North East Small Finance Bank.

BNPL 109

BNPL Online and Mobile Banking Credit Limit Credit Cards 109

PYMNTS

APRIL 6, 2020

There are all kinds of frauds taking root out there, but among the more popular are the spoofing scams in which the consumer gets a phone call from “the IRS” or “their bank” making requests that absolutely no consumer should ever acquiesce to. Banks do not call you and ask you for your personal information,” she said.

IRS 79

IRS Scams Point-of-Sale (POS) Breach 79

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. Think of it as a cash register, except that the payments it processes are non-cash.

Payment Gateways 88

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

Stax

SEPTEMBER 17, 2024

And when that happens, non-compliance can lead to many degrees of harm to any and all business owners. It gets worse: merchants that use a non-PCI certified provider can face class action lawsuits, fines of up to $10,000 per month, and $500,000 per incident. As such, they’re typically the ones that are scrutinized the most.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

MAY 8, 2020

And in commentary on the latest earnings call, CEO Jack Dorsey and Chief Financial Officer Amrita Ahuja said that the move toward online sales saw online store GPV surge by more than five times since mid-March, to a weekly run rate at $59 million, or $3 billion on an annualized basis. Where The Bright Spots Lie.

PayPal 98

PayPal Online and Mobile Banking Volume Point-of-Sale (POS) 98

PYMNTS

MAY 29, 2020

In some cases, when a traditional bank shuts the door on an SMB applicant, a business owner may not know where else to turn for capital. Financing also enables small firms to obtain equipment without making a dent in the lifeline of a bank line of credit. Financing Modernization. But the price tag is rarely painless.

Finance 67

Finance Point-of-Sale (POS) Non-Bank B2C 67

PYMNTS

APRIL 15, 2020

As stated on the post-earnings conference call with analysts, CEO Charles Scharf said, “if confidence does deteriorate and the shelter-in-place orders stay on for longer, which is possible, then it wouldn’t surprise me that loss estimates would have to go up from this point.”. Overall credit card loans were down by $2.4

Point-of-Sale (POS) 60

Point-of-Sale (POS) Debit Card Online and Mobile Banking Credit Cards 60

PYMNTS

NOVEMBER 21, 2018

Algorithms are taking on more of the data and security work for financial institutions (FIs), with technologies such as data mining and business rules management systems (BRMS) finding popularity among banks and credit unions. Large Versus Small Banks. In the case of BRMS, use has dropped off significantly for the largest banks.

AI 76

AI Money Laundering Rules AML 76

The Fintech Times

DECEMBER 12, 2023

NexPay , a global education payments, has unveiled new board roles including David Jonhstone as non-executive chair, Rajesh Yohannan, the current CEO of Axi Corp, as a non-executive board director, as well as Clive Wilson to the newly created role of chief risk and governance officer.

FinTech 59

FinTech Financial Crimes Non-Bank Point-of-Sale (POS) 59

PYMNTS

APRIL 5, 2017

Mastercard announced Tuesday (April 4) that Mastercard cardholders from select banks in the United Arab Emirates (UAE) will now be able use the Samsung Pay service to make payments in a quick and secure way. Mastercard said it has been actively driving contactless payments in the market.

Visa 43

Visa Point-of-Sale (POS) Contactless Payments Non-Bank 43

Clearly Payments

JANUARY 10, 2024

This approach is commonly used by eCommerce platforms, point-of-sale (POS) systems, and other software that facilitates online or in-person payments. Established payment platforms have already cultivated extensive user bases, merchant networks, and partnerships with banks.

Processors 105

Processors ISOs Embedded Finance Payments 105

Stax

MAY 7, 2024

Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. to 2.9%) while the non-qualified is the highest.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

PYMNTS

OCTOBER 29, 2018

Pintec allows banks, non-bank FIs and businesses to turn on a host of services that, in essence, allow them to custom build their own consumer ecosystems. If you look at, for example, a second- or third-tier bank, however, they aren’t going to have all of that time and money to experience.

Posting 66

Posting Point-of-Sale (POS) Non-Bank Risk Management 66

Stax

APRIL 11, 2024

Your PMS is a central hub to manage payment requests and store banking information (like your routing and bank account number for ACH payments ). Payment processors handle the nitty-gritty of authorization, settlement, and transfer of funds between your business and your customer’s bank.

Payments 88

Payments PCI DSS Compliance Processors 88

PYMNTS

JANUARY 10, 2019

According to a recent report from Worldpay , 65 percent of eCommerce spend, and 36 percent of point-of-sale (POS) spend in the country, came from mobile wallets in 2017. These eWallets and others are also a must at the point of sale, more so than in any major global market.”.

P2P 53

P2P eWallet Point-of-Sale (POS) Payments 53