Payment Processing

About Fidelity National Information Services (FIS)

FIS Powers Secure Open Banking Solutions

Fidelity National Information Services, Inc. (FIS) has achieved another significant milestone in its ongoing commitment to delivering secure and user-friendly open banking solutions to its customers. As a leading global fintech firm, FIS has strategically partnered with prominent data networks, including Envestnet | Yodlee, Akoya, Plaid, and MX. This collaborative effort is part of FIS’s […]

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Payroc Teams Up with Dingg

Payroc Teams Up with Dingg to Boost Online Payments for Spas and Salons; Introduces PayByBank’s New API

Payroc WorldAccess LLC, a leading name in payment processing, and DINGG, a trailblazer in salon and spa software, have joined forces to revolutionize the beauty and wellness industry. This collaboration is big news for salon and spa owners. By combining Payroc’s strong payment solutions with DINGG’s innovative salon software, they’re offering a one-stop solution for

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Prosa

Visa Strengthens Digital Payments In Mexico With Majority Stake Acquisition In Prosa

The global payments giant Visa has finalized an agreement to buy out a majority stake in the Mexican payment processor PROSA. The undisclosed transaction aims to enhance digital payment adoption in Mexico. The deal is set to conclude in the second half of 2024, subject to regulatory approvals and standard closing conditions. Under the agreement,

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Michael G Rhodes becomes the CEO of discover

Michael G. Rhodes Takes The Reins As CEO And President Of Discover Financial Services

Credit card industry leader Discover Financial Services (DFS) has officially named Michael G Rhodes its CEO and president. The appointment is set to take effect on or before 6th March this year, coinciding with his inclusion on the Company’s Board of Directors. Additionally, Mr. Rhodes will assume the role of President at Discover Bank and

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Top Fraud Management Trends In 2024

Top Fraud Management Trends In 2024

Payment fraud poses a significant threat across industries, with pharmaceuticals, manufacturing, and finance being particularly susceptible. It is imperative for leaders in information technology and cybersecurity, including managers and team leaders, Heads of the ITs, CISOs, and IT managers, to stay informed about the current market of payment fraud, its associated costs, and the effective

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10 Best Payment Gateways In 2024

10 Best Payment Gateways In 2024

Running an online business requires an effective method for receiving payments, and payment gateways serve as financial tools that facilitate the collection of payments through credit or debit cards. Nowadays, where online shopping is prevalent, and physical cash is less common, having an accessible and user-friendly payment gateway is essential for engaging both consumer and

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US Fed Proposes Reducing Interchange Fees on Debit Cards

US Fed Proposes Reducing Interchange Fees on Debit Cards

The Federal Reserve is currently working on a plan to lower the fees that merchants have to pay to banks when customers use debit cards for purchases. Currently, merchants are charged 21 cents plus an additional 0.05% of the transaction amount, by card issuers as set by the Fed in 2011. The Fed has not

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JPMorgan and MasterCard Pay-by-Bank Tool Goes Live

JPMorgan and MasterCard Pay-by-Bank Tool Goes Live

Pay-By-Bank rеfеr to an ACH payment system that utilizеs opеn banking. This innovative approach allows consumers to authorize the sharing of their financial data bеtwееn trusted parties. As a result, they can conveniently sеttlе their bills directly from their bank accounts with enhanced security measures. This eliminates the hassle of repeatedly еntеring routing numbеrs and

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Stax Payments acquired APPS recently

APPS Acquired by Stax Payments (Formerly Fattmerchant)

Stax Payments acquired APPS recently. Stax Payments is a popular company based in Orlando, Florida. And Atlantic-Pacific Processing Systems or APPS is a digital platform provider from Las Vegas, NV. This strategic move significantly broadens Stax’s technology offerings. It has presented merchants and partners with adaptable, personalized choices for their payment processing requirements, all within

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Carat by Fiserv

Fiserv Carat – An Overview and Fiserv Executive Comments

In the face of the increasing demands of deliveries, Fiserv Inc., a known technology solutions provider, for financial services and payments has introduced an innovative solution “Carat“. This new offering enables large scale retailers, grocery stores and restaurants to streamline their delivery operations reduce costs and regain control over their customers delivery experience. Image source:

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UPI Payments Success in India May Provide a Template for Real-Time Payments in the US

UPI Payments Success in India May Provide a Template for Real-Time Payments in the US

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,

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Stripe Issue Charge Card for Small Businesses

Stripe Issue Charge Card for Small Businesses

Stripe, the renowned online payment processing platform, has recently expanded its offerings to include charge cards tailored specifically for small businesses. This exciting development aims to empower entrepreneurs and startups by providing them with a seamless and efficient way to manage their expenses and access credit. With its user-friendly interface, advanced financial tools, and robust

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payments orchestration

How Aggregators are Using Payments Orchestration to Increase Business

Payments orchestration promises aggregators significant opportunities to optimize their businesses, reduce costs, improve customer experiences, and increase revenues. By integrating multiple payment methods into a single workflow, payment orchestration simplifies what was previously a complicated, manual process. Aggregators can streamline their operations through automation, cutting costs from repetitive tasks and lower headcounts. At the same

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A2A Payment

A2A Payment (Account to Account Payment) Trends and Technologies

Account-to-account payment or A2A payment solution is progressively replacing traditional payment methods, such as bank cards or cash. It is being widely used in eCommerce payments and will account for almost 20% of it in 2023. If you want to send funds directly from your account to another account, say a merchant’s account, then A2A

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benefits of EFT and ETA in medical billing

What Is EFT and ETA in Medical Billing? What Are The Benefits?

Electronic Funds Transfer (EFT) and Electronic Remittance Advice (ETAor ETA) are electronic methods used in medical billing to securely transfer payment and related information between healthcare providers and payers. This article discusses the benefits of EFT and ETA in medical billing. EFT allows for the direct deposit of payments into a provider’s bank account, while

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Top Ways to Process Payments in 2023

Top Ways to Process Payments in 2023

Accepting payment options other than cash and having the ability to process those payments is an absolute must in today’s business environment. Luckily, there are many ways to process payments in 2023. As more and more businesses have embraced the acceptance of non-cash payments, technological advancements and competitive forces in the payments industry have made

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WorldPay Suspends Residuals on Commissions

WorldPay Suspends Residuals on Commissions to Mercury ISOs

WorldPay is arguably one of the biggest names in the payment processing industry. Being founded back in 1989 and being one of the pioneers of online payments, the impact of WorldPay on the payment industry cannot be ignored. It survived a major acquisition by another huge payment processor in 2018. The companies merged and became

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