BankTech

Market Dynamics are Changing in the Acquiring Space

The payment industry is going through a series of transformations. The payment methods preferred by customers are shifting from card-present to card-not-present (CNP). The impact of this change can be seen across all stakeholders in the industry. Merchant acquirers and processors who play a pivotal role in the payments industry...

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Payments

Powa Technologies Brings EMV & NFC Capabilities to the PowaPOS SDK

Powa Technologies has formed a strategic partnership with AnywhereCommerce, a global provider of mobile commerce technology, by integrating AnywhereCommerce’s mSuite Solutions into the PowaPOS SDK. Through this partnership, independent software vendors (ISVs) will gain access to AnywhereCommerce’s suite of EMV and NFC payment solutions for iOS, Android, and Windows tablet-based...

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Payments

Stripe Connect Lets You Eliminate the Banking Department Within Your Startup & Expand to 18 Countries

Stripe Connect can now let users handle worker/driver/supplier payments in 18 Countries. Stripe Connect has gone through some major changes and is now helping to create a better customized experience for sellers, alongside helping business platforms expand their geographic reach. “Before Stripe, Lyft was literally running their own banking department,...

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Enabling Technologies

Optimal Payments is Buying Skrill Group, Which is Currently Valued at $1.2 Billion

Optimal Payments, a global provider of online and mobile payment processing services, has entered into an agreement to acquire Skrill Group for an enterprise value of approximately $1.2 billion. The Skrill Group is one of Europe's leading digital payments businesses, providing digital wallet solutions and online payment processing capabilities. It...

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Enabling Technologies

Update: How Does Facebook P2P Actually Work?

A vast majority of Facebook’s 500 million monthly users are logged on to Facebook Messenger with about 80 million payment cards on file. Facebook’s recently launched P2P payments system is currently built entirely around the Messenger platform. Facebook’s P2P payments begins as a conversation within the Messenger app. Then, with...

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