In 2018 Adyen, a payment company confidently made its debut on the Amsterdam stock exchange swiftly emerging as a strong contender, against industry giants such as PayPal and Sripe. This remarkable ascent was further fueled by their expansion in North America catching the attention of merchants and prompting a significant recruitment drive to fuel their …
Adyen, a Stripe Rival, Reported its Slowest Revenue Growth Yet Read More »
In an increasingly interconnected world, the rapid evolution of financial technology has ushered in a new era of seamless transactions and real-time payments. While the United States has long been a powerhouse in the global financial landscape, its journey toward adopting real-time payments has been full of challenges and a cautious approach. However, in India, …
UPI Payments Success in India May Provide a Template for Real-Time Payments in the US Read More »
If you accept credit card payments you’ll likely use a payment gateway whether you accept credit cards in a brick-and-mortar store or online. The gateway is responsible for conducting the electronic transaction, much like a standard cash register would conduct a cash transaction. Gateways are most important for online or phone transactions, check out what …
If you accept credit card payments, security should be your utmost concern. Amid the PCI compliance issues, tokenization is one of the primary issues/concerns all businesses should know and understand. What is Tokenization? It sounds complicated by tokenization is literally replacing important numbers with ‘tokens’ or a string of numbers/characters for security purposes. The numbers …
A Payment Gateway is the interface between consumers and the merchant acquiring bank that processes a payment during a consumer transaction, whether the transaction be online or in a brick and mortar store. In addition to the point of sale (POS) terminals, physical stores also need a payment gateway to complete a transaction made in …
Every retailer uses a point of sale system to complete customer purchases. While traditional POS has been used for a long time now, cloud-based POS is being used more and more often. There are many advantages to using the cloud for a retailer’s merchant services and sales. Credit card processing is just one of the …
Payment Processing for Medical Practices For medical providers, accepting card payments with a credit card machine is essential. Most patients will not expect to pay for services by cash or check and an inability to process credit cards can be detrimental to your billing practices. Medical credit card processing has changed dramatically in the last …
Ever since its beginnings in the 1980s, Verifone has been known as a major global provider of point-of-sale (POS) technology and innovative solutions for the merchant payments industry. After three decades of being a dominant market player, Verifone is more than just a provider of credit card terminals; the company is seen as a respected …
Great news for the credit card processing industry: Just one year into the shift towards the Europay, MasterCard and Visa (EMV) system in the United States, and counterfeit fraud costs have been slashed by just over 50%. According to a report issued by credit card giant MasterCard in mid-September, counterfeit fraud costs are being sharply …
Fraud Costs Cut in Half Since the Introduction of EMV Read More »
In the fragmented world of mobile payments, one company is taking advantage of unifying existing technologies for the benefit of shoppers. FitPay is a California company that was envisioned by veterans of the mobile payments industry. This innovative tech firm has paid close attention to shoppers who have been largely underwhelmed by “contactless” mobile payments …
Modern payment methods in the United States range from EMV chip cards to digital wallets to bitcoin; however, there’s one traditional form of payment that has managed to survive the shift towards digital. Use of Paper Checks by American Business Entities The use of paper checks by American business entities and individuals remains uncomfortably high …
More Businesses Than You Think Still Pay By Check Read More »
The only means of sustenance for nonprofit organizations is the money they receive from a variety of sources. Because many NGOs want to maintain neutrality and independence in operations, they do not accept corporate funding. They therefore depend solely on funding sources such as road side stands, races and fairs to raise funds for operations. …
Discovering Visa and PayPal were partnering up has shaken up the credit card processing industry. It is believed that everything from merchant services to eBay will be affected. Some immediately lauded how the partnership will enhance in-store NFC payments. The most cynical critics believe Visa, with PayPal under its watchful eye, will be better suited …
What the PayPal and Visa Partnership Means for the Future of Payments Read More »
Businesses are striving to stay on top of trends in consumer behavior, and mobile payments have been a hotbed of activity. Walmart Pay just rolled out nationwide, and the company is hoping that the app will help them collect more information about how customers use their products and make purchasing decisions. Credit card processing has seen …
Walmart Pay to Deepen Information about Shopper Habits Read More »