Payments companies should make simplicity of use a big bet when courting iGaming providers. Everyone, especially those placing bets online and hoping to win big, wants a smooth payment experience. Online gaming providers are no different. They want their customers to easily fund their betting accounts and have a simple …
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Cross River And Paymints Enable Real Estate Payments Via the ACH
Cross River Bank and Paymints.io Corp., a software-as-a-service platform provider for real estate payments, are teaming up to enable real-estate payments through the automated clearing house. The service will utilize the ACH rails, including same-day ACH payments, as well as wire transfers, to facilitate such payments as earnest money, cash …
Read More »Payroc Launches Tap to Phone And Strengthens Its Hand in Unattended Payments
Payroc LLC has partnered with wireless-network platform provider Bleu to launch tap-to-phone payments for Android and iOS devices in the United States. Merchants will be able to accept payments using a smart phone or tablet device. The rollout of tap-to-phone technology is expected to help merchants meet consumers’ evolving expectations …
Read More »How Smaller ISOs Can Thrive
The big may get bigger, but there’s plenty of room for smaller ISOs and payments companies to thrive and capitalize. With megaprocessors, fintechs, payfacs, and integrated payments providers abundant in the payments world, smaller independent sales organizations and software sellers may feel some pressure. But the competition does not automatically …
Read More »Familiar Names Grace the Upper Reaches of the Latest Strawhecker Merchant Acquirer Directory
No surprise, the top merchant acquirer by payment volume remains JPMorgan Chase & Co., according to the 2023 edition of Directory of U.S. Merchant Acquirers from TSG, formerly known as The Strawhecker Group. With volume of $2.15 trillion, Chase retained the top spot last year that it has held since …
Read More »Eye on Payment Tech: Repay’s Volume Rises 25%; CardFlight’s Merchant Base Swells to 125,000
Payment technology provider Repay Holdings Inc. has high hopes in 2023 for two new business segments—Consumer Payments and Business Payments—as its posts $6.6 billion in processed card volume for 2022. In related news, CardFlight, developer of SwipeSimple, a mobile point-of-sale service, hits a record merchant count of 125,000. Repay’s plans …
Read More »BofA’s 608 Patents in 2022 And Other Digital Transactions News briefs from 2/9/23
Bank of America Corp. said the 608 patents it received in 2022 was a record number and was 19% more than in 2021, with grants covering areas such as mobile banking and payments, machine learning, artificial intelligence, and other technologies. Kasheesh, a digital payments platform than enables consumers to split payments …
Read More »Getting Online Checkout Right
Online sellers are starting to take a closer look at their checkouts. No wonder. The technology plays a key role in whether they can tap into the boom in e-commerce. Checkout is the point at which the consumer either completes her purchase or doesn’t. A checkout process that is slow …
Read More »The Self-Serve Future
Vending, as well as unattended payments, is evolving into a more-encompassing retail setting and bringing digital payments along. Few merchant segments have been as well-suited to contactless payments as vending and unattended payments. And now, spurred by changing consumer habits during the pandemic, contactless payments are driving cashless payments in …
Read More »The Advantage of Cloud-Enabled Payments for ISVs
By Tom Byrnes, SVP, Marketing If you are an ISV, you know that adding payments to your solution adds value and gives you a competitive edge in the marketplace. Whether you like it or not, if your user base accepts payments, you are – by default – in the payments …
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