All articles tagged Payments (55)

Omnyway Leverages Chinese Payment Technology to Help American Retailers Easily Accept Mobile Payments

Omnyway Leverages Chinese Payment Technology to Help American Retailers Easily Accept Mobile Payments

In a Nutshell: When it comes to building an interoperable ecosystem for mobile payments, the US lags far behind China. Last year, more than 1 billion Chinese consumers transacted more than $3 trillion using nothing but their phones and QR codes. The straightforward process leverages China's simpler fee structure, saving businesses money and allowing them to offer consumers more compelling incentives to use their phones at checkout. Meanwhile, US consumers seem content using older POS... read more »

The World Payments Report 2018 from Capgemini and BNP Paribas Evaluates the New Payments Ecosystem as Non-Cash Transactions Increase and Banks Learn to Adapt

The World Payments Report 2018 from Capgemini and BNP Paribas Evaluates the New Payments Ecosystem as Non-Cash Transactions Increase and Banks Learn to Adapt

In a Nutshell: Each year, the World Payments Report from Capgemini and BNP Paribas evaluates the current state of the payments ecosystem, identifying notable trends, and offering industry advice based on its findings. The latest report revealed that the rate of non-cash transactions is increasing rapidly and will continue to increase into the next decade. Banks must learn how to be an anchor in the industry by offering the most up-to-date products and services, and leverage the latest... read more »

Modo Helps Financial Institutions Connect the Dots Between Payments Systems to Send and Receive Money More Efficiently

Modo Helps Financial Institutions Connect the Dots Between Payments Systems to Send and Receive Money More Efficiently

In a Nutshell: Payments systems have evolved rapidly in the digital age, and banks and other financial services companies have had to utilize multiple legacy systems from various companies to keep up with demand and preference. Modo helps companies with technology that allows for interoperability between multiple payments systems. The company currently focuses on, pay-outs, pay-ins, and checkouts for financial services institutions. It maintains high security standards through its... read more »

A Recent Javelin Strategy Report Reveals Mobile Wallet Adoption Has Been Slower Than Expected, but Closed Merchant Ecosystems Have an Advantage

A Recent Javelin Strategy Report Reveals Mobile Wallet Adoption Has Been Slower Than Expected, but Closed Merchant Ecosystems Have an Advantage

In a Nutshell: Analysts have predicted that each new digital wallet release or update from tech giants like Google, Samsung, and Apple would usher in “the year of the mobile wallet.” But, as a recent Javelin Research & Consulting report shows, consumers have been slow to use mobile payment apps. Drawing from a proprietary survey of 3,000 consumers across the U.S., the Javelin study suggests several reasons for the delay in digital wallet adoption, including consumer distrust... read more »

Fattmerchant’s Subscription-Based Model Modernizes Payment Processing, Boosts Transparency, and Saves Businesses Money

Fattmerchant’s Subscription-Based Model Modernizes Payment Processing, Boosts Transparency, and Saves Businesses Money

In a Nutshell: With its innovative subscription-based model, Fattmerchant is helping bring the world of credit card payment processing into the modern era. The company makes payment processing simpler and more transparent so merchants can process payments however they'd like and then manage those payments, customer data, analytics, and more, frome one, easy-to-use platform. With its disruptive subscription business model, a strong focus on technology, and emphasis on top-quality... read more »

With Its Turnkey Service for Zelle, Fiserv Fosters Ubiquity in Real-Time P2P Solutions for Financial Institutions

With Its Turnkey Service for Zelle, Fiserv Fosters Ubiquity in Real-Time P2P Solutions for Financial Institutions

In a Nutshell: It wasn’t that long ago that sending or receiving money from friends and family was a time-consuming affair, requiring sending checks in the mail or meeting up in person. A number of online money transfer solutions have emerged over the years providing varying levels of convenience, security, cost, and speed. Now, Zelle has risen to prominence as the financial industry’s go-to P2P service because it offers a branded and secure customer experience in real time.... read more »

Process Payments Anywhere: TSYS earns our Editor’s Choice Award™ for Its WebPASS Virtual Terminal Solution

Process Payments Anywhere: TSYS earns our Editor’s Choice Award™ for Its WebPASS Virtual Terminal Solution

In a Nutshell: Credit card payments have come a long way since the early days when card imprinters etched card numbers onto carbon paper to today’s swipe-and-go methods. Getting to this point has taken a lot of hard work to advance technology and find solutions that work well for both businesses and consumers. With its WebPASS virtual terminal, TSYS provides a convenient product that makes accepting multiple types of payments easy for the back-office industry and beyond. For... read more »

PayStand Brings Simpler, Quicker, and Cheaper Payment Options to the B2B Space

PayStand Brings Simpler, Quicker, and Cheaper Payment Options to the B2B Space

In a Nutshell: In recent years, the B2C payments space has grown tremendously, partially by employing faster and more secure payment methods than ever before. But much of the B2B payment world has remained in the Middle Ages, relying on paper checks and time-consuming reconciliation methods. PayStand is helping to bring B2B companies into the digital era with a cloud-based payment platform that enables businesses to accept and automate payments, including bank debit, ACH, and credit... read more »

BitPay Expands Its Bitcoin Payments to Make Cross-Border Transactions Cheaper and Easier for B2B & B2C Markets

BitPay Expands Its Bitcoin Payments to Make Cross-Border Transactions Cheaper and Easier for B2B & B2C Markets

In a Nutshell: BitPay has been making Bitcoin transactions accessible since the cryptocurrency’s early days, and has grown in recent years to include services like its Bitcoin Wallet and its BitPay Card. With its latest expansion, BitPay enters the realm of cross-border payments, which gives businesses the opportunity to do away with multiple payment processors across different countries. B2C merchants also gain the potential to reach untapped markets, while B2B companies can get... read more »

Pinpoint Payments: Bringing Personalized Service to Payment Processing and Helping Businesses Grow

Pinpoint Payments: Bringing Personalized Service to Payment Processing and Helping Businesses Grow

In a Nutshell: A whole world of intricacies exists behind the scenes of a seemingly straightforward online purchase. As a payment processor that operates in this hidden realm, Pinpoint Payments focuses its services on merchants that often fall into the high-risk category. But rather than simply being a processor for its customers, Pinpoint bills itself as a payment partner, bringing a level of attention to client accounts not available through larger processors. Pinpoint ultimately... read more »