Customer insights are the roadmap for fintechs to build products for their customers. By doing it, they are pushing forward the finance industry.
For merchants, it is vital that their chosen payments acquirer has the ability to work with them as a partner as opposed to simply a provider of payment services to fulfil consumer purchases. Acquirers should be able to work with their merchants and payments intermediaries in order to complete as many transactions as possible while managing the risk of fraud and chargebacks effectively.
“Automation is important to stay competitive and ahead of the curve. However, to be competitive in the long run, it doesn’t mean one has to cut corners,” says Rob Lemmen, Chief Commercial Officer at Truevo. “The biggest challenge is to be appropriately vigilant while ensuring you offer merchants the fastest and easiest onboarding experience possible. When working with a high volume of merchants, it only makes sense to systemise and automate as many as possible, or most of your processes to take advantage of economies of scale. The way we’ve worked to do that at Truevo is to create a scoring system for merchants.”
From the rolling back of mandates to the rise of contactless transactions, the payments industry has seen its fair share of changes since the world learned about COVID-19 earlier this year. Visa and Mastercard have postponed merchant requirements scheduled for the spring. Contactless payment minimums have been raised around the world to discourage surface contact on areas where the virus can thrive. The UK’s Financial Conduct Authority extended its deadline for Strong Customer Authentication (SCA) for six months.
When it comes to accepting online card transactions, any business can be vulnerable to chargebacks. Luckily, there are ways for e-commerce merchants to prevent or challenge chargebacks that will help limit the negative impact on their bottom line.
The online gambling industry has always been quick to embrace new technologies. Whether it’s game designs, marketing or payment systems, online casinos don’t easily shy away from emerging tech. This has been one of the driving forces behind the industry’s incredible growth, leading to the rapid evolution of digital offerings that bring seamless online and mobile experiences to millions of players around the globe. So, what will give gambling operators a winning edge in 2019?
Malta’s financial industry is thriving, creating many career options for young professionals to enter the payment processing industry. There are various career paths available, depending
It is important to keep your suppliers happy by paying them on time, but it should not cost you the world in fees. Here is