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 …
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”
I am not a financial expert nor a certified financial advisor, so please take this article as sheer anecdotal evidence. These are the resources I used to get out of debt and manage my finances. What works for me will be completely different for you. You’re the only one responsible for your financial education Managing …
Continue reading “A College Grad’s Biggest “Adulting” Challenge: Managing Money”
The enterprise tech world is evolving with newer ambitions. While the wings of innovation are spreading to newer skies, the technologists are finding it hard to play catch-up and are making sure they are in tune with the technology juggernaut. CIOCoverage aims to bridge this very gap that exists between the tech-savvy where he rests, in the very heart of it. Awakening a keen insight in you to move along the flow, CIOCoverage works to make the entrepreneurs, versatile to the sturdy technological influences.
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