Let’s say you’re running an online store. Business is booming until one day, you receive news that your customer data has been breached. Card details, personal information—it’s all out there. The cost isn’t just financial; your reputation takes a hit, and customer trust vanishes overnight. Only if you had a system in place where even …
Continue reading “Tokenization– The Silent Guardian of Payment Security”
In the rapidly evolving digital payment landscape, “payment gateway” and “payment processor” are often used interchangeably, yet they play distinct roles in the transaction process. As a product manager working in the payment industry, understanding the differences between these two components is crucial for designing and managing effective payment solutions. This article delves into what …
I hope you had a great time with your friends and family over the holidays. I can’t wait to see what this year has in store. In today’s newsletter, we turn our attention to a fascinating development in the financial landscape – the rush of tech giants into the finance sector. This shift is not …
Continue reading “Tech Giants in Finance: A New Era of Banking and Payments”
The payments sector has undergone substantial transformation in recent years, and the rate of change is only accelerating. Building an agile workforce that can drive growth and innovation in this evolving landscape requires reimagining your talent agenda. In this report, as part of our Paytech series, we are exploring what the talent agenda in payments …
Continue reading “Driving Change in the Payments Industry: The Power of Talent”
In the modern age, technology is the essential concern of every organization. The business focuses on adopting new technologies which reduce their cost, human resources, and time. Robot replaces workforce, Laptop/Ipad replaces papers, and in short, Technologies replacing everything day by day. The sector is changing due to new technologies and innovations in the banking …
We are currently and indisputably in the midst of a payment revolution. E-commerce continues to grow, and we’re expecting online payments to continue to increase at a compound annual growth rate of 25 percentage points in the MEA (Middle East and Africa) market from this year until 2025, while mobile payments are expected to increase …
Continue reading “How e-payment solutions can help businesses be more efficient and productive”
Payments to suppliers are a major part of the procurement-to-pay ecosystem. Implementing electronic payment of your invoices from suppliers provides significant cost saving opportunities but other hidden benefits also flow from this automation Business growth, increased cross-border activities, an increasing supplier base, and business volatility means the increase in the number of transactions and the …
Continue reading “Automation (electronic) Payment to Suppliers …a look at the fundamentals”
Accompanied by the high-deductible health plans and cost sharing models, consumerism has been steadily on the rise in the healthcare industry. Hospitals that are able to successfully handle these challenges may be in a better position to stay financially viable in a period when competitive pricing and patient satisfaction can make or break a hospital’s …
Continue reading “Addressing the Rise and Fall of Health Care Consumerism Through Technology”
The below graph maps out the possible combinations. Conventional database often achieve hashtag#resilience by storing data over multiple physical nodes, but all are controlled by a top node. By contrast, in many DLT-based systems, the ledger is jointly managed by all nodes. The communication needed to achieve hashtag#consensus between these nodes is the main reason …
As reviewed in previous payment trend articles, we are seeing increased adoption of self-service check-out and ordering solutions in both retail and QSR locations. These applications range from self-service ordering kiosks at QSRs such as McDonald’s and Taco Bell to self-check-out stations in retailers like Walmart and BJ’s Wholesale Club. Implementation of self-service kiosks is not …
Continue reading “Implementing Payments at Self-service Kiosks”
