Despite the skepticism that surrounds the use of cryptocurrency, more businesses both big and small are embracing this new digital currency and with good results. What many companies have found is that opening up and accepting digital currencies also opens them up to a new, wider consumer base. This is largely because more consumers around the world are considering and...
Many merchants are still in the dark when it comes to the process and what is actually required to obtain a merchant account. And when it comes to finding the right merchant account, business owners will find themselves immersed in new, sometimes confusing jargon used within the payments industry. Another issue that business owners will encounter is that merchant accounts...
As an e-Commerce business, accepting both debit and credit card payments is the lifeblood of modern-day commerce. However, a merchant cannot simply take these payments without the assistance of a payment processor. This payment processor is essentially an intermediary between you, the merchant, the credit card companies, and the banks. When you begin your research, and subsequently your search for...
The fact that blockchain provides a high-security level is undisguised, and comes in a “decentralized public ledger” has the momentous potential to shake the payments solution space. With much of the financial service arena battling with the overwhelming challenges of fraud and maintaining the integrity of data, blockchain is sure to deliver by tackling these issues head-on. With much hype...
WhatsApp, the messaging app owned by Facebook, has just received the go-ahead to launch its payment services in India. This will be available in a total of ten regional languages for both iOS and Android. It will utilize the Unified Payments Interface (UPI). Plus, all transactions will be free of charge and backed by well over 160 banks. Why India?...
Due to the COVID-19 outbreak, the global fraud detection and prevention market is projected to generate about $145.7 billion in revenue by the year 2026. This is at a Compound Annual Growth Rate (CAGR) of 28.4%, according to Business Wire. With the uncertain times, we currently live in, millions of people are currently working online from home. Due to lockdowns...
The year 2020 will forever be remembered as a year of considerable change, one that has pushed people and commerce into extremes never before seen in the history of the world. Interestingly enough, at the advent of this year, our unemployment rate was enjoying a notably low rate. It was only at 3.6 percent. The GDP was increasing at a...
As the payments world can be incredibly complex and eCommerce on a global scale continues to expand, customers are demanding straightforwardness, openness, and standardization with their payments. This can all be in the form of paying with a credit card at the point of sale, performing an international transfer, or making a transfer via mobile application. Meanwhile, small to medium-sized...
NewsIt is clearly evident that both eCommerce and cross-border payments have been growing steadily in just the past decade. With the outbreak of the current pandemic, many businesses have had to take their brick and mortar (B&M) businesses entirely online. As operating businesses online continues to expand, the search for the best online payment solutions begin to take front and...
As the COVID-19 pandemic continues to leave its destructive imprint on individuals and businesses worldwide, eCommerce continues to evolve at a remarkable speed. Due to the dramatic shutdowns of businesses around the world, many have had to pivot their business models and turn their attention from their physical location to an entirely online location. It has not been an easy...
