2017’s Payment Buzzwords in October…Part Deux

Money2020 day two (err three) brings with it a few things: much-needed alarm clocks, double espressos instead of medium coffees, and an updated buzzword bingo card. Yesterday was a jam packed, wall to wall payments holiday and the party continues today with another great agenda. But I digress, to the buzzwords….

2017’s Payment Buzzwords in October…and Other Insanity

Is  it just me or are things a little insane right now? From clowns wreaking havoc across the country to category 4 hurricanes also wreaking havoc (later and later into the year) to a certain presidential election (Sunday’s debate was, how you say, actually, it’s difficult for me to put into words) to now…Christmas decorations in October! And don’t forget the pop-up Halloween stores that arrived in August…August! So let the Rantings begin.

Integrated Fraud Prevention Tools in an Omni-channel World

In a previous blog post, I discussed the way in which technology partnerships are driving the evolution of the traditional payment gateway model, with value-added services becoming an increasingly important aspect of a payment gateway proposition. Real-time fraud prevention is one of many potential value-added services that a payment gateway can offer, but one that deserves particular focus, as the trend towards omni-channel commerce presents new challenges around fraud management.

The Evolving Role of Global Payment Gateways

Partnering with a payment gateway has long been a logical approach for a merchant seeking to extend their business across international borders, taking advantage of the opportunities that the globalization of eCommerce has created. But merchants eyeing up global expansion want to move more quickly than ever - the last thing they want or need in a highly competitive space is a gateway provider that either restricts their growth, or forces them to work with multiple payment service providers (PSPs) in different regions.

Same Day ACH in the U.S.: Which Companies will take Advantage of Faster Payments—and Why

The faster payments movement in the U.S. could be the first opportunity for corporate entities to realize true Straight through Processing (STP) of payments. Anyone involved in payments for corporate entities can see the benefits of this type of new payment opportunity.

What is the link between payment methods and conversion rates?

Checkout conversion rates are an incredibly important indicator for merchants’ bottom lines. Even minor change in website design, checkout flow, or the overall payment methods setup can noticeably impact a merchant’s conversion rate – positively or negatively.

DCC Cuestión de Elección y Servicio [DCC: Offering Choice and Service]

We continue our exploration of key trends impacting the Latin America market with a blog on Dynamic Currency Conversion. Many of our reader are seasoned travelers and you will be familiar with the option to pay in the local currency or your own currency using your credit card. Sonia Gomez provides an overview of DCC and how it can benefit all within the payments value chain.

Is Blockchain Ready?

SIBOS is just around the corner and blockchain will undoubtedly be one of the buzzwords at this year’s event (as is the case at pretty much every payments or fintech conference these days). The big question on everyone’s mind is whether blockchain really has the potential to change the global systems that process trillions of dollars in payments every day or whether it’s hype. I recently sat down with Paul Thomalla, ACI’s senior vice president of global corporate relations, to delve deeper into the topic, a topic on which he has just published a white paper.

Why 75% of Lenders Are Adding New Payment Processing Options

“Do you want my money?” I wondered as I left the website of a lender that didn’t accept debit cards. You see when lenders offer new payment processing options they increase dollars collected by 15%.  To increase collections and meet growing customer expectations 75% of lenders are currently adding new payment processing options.

The Magical Mystery API Is Waiting to Take You Away…Waiting to Take You Away

There’s nothing like a good mashup of a Beatles song and technology, right? We all know the Beatles, but do we all know APIs? To butcher another Beatles song, ‘All you need are APIs, APIs are all you need.’ At least that’s what it seems like, especially in today’s vast finance industry. Before we quote any more songs, we should first define what an API is. According to our friends at Webopedia, Application Program Interface (API) is a set of routines, protocols, and tools for building software applications. An API specifies how software components should interact and APIs are used when programming graphical user interface (GUI) components.

Payment Service Providers Face Pressures from Many Sides, as Merchant Expectations Rise

The payments industry is more dynamic than ever, and despite the advances that innovation brings, the speed of change is undeniably putting pressure on traditional business models. The roles of acquiring banks and payment service providers (PSPs) – previously quite clearly defined – are blurring, and merchant demands are becoming technologically more complex.

SEPA Instant Payments: The Importance of Real-Time Hubs in a Global Market

An epiphany is happening across Europe—and across the global markets.  I’m not talking about the realization of Brexit (and that we’re all going to need to make it work).  But rather, the realization that payment hubs that were brought in to manage SEPA batch credit transfers and direct debits are not going to be capable in the real-time world of SEPA Instant Payments.