SAP has launched a composable payment solution designed to help retailers add new payment options. The company’s new open payment framework integrates SAP Commerce Cloud with several third-party payment service providers (PSPs) and allows retailers to choose payment partners based on their own unique needs,...
Payment service providers – also known as PSPs – are an important piece of the payment ecosystem. For any business that wants to deliver a payment to their customers, PSPs provides a platform to collect and manage any type of payment in an efficient and...
Online retailers widely implement anti-fraud tools and strategies — but minimizing false declines while effectively screening out potential fraud is easier said than done. Payment service providers (PSPs) can be crucial in helping eCommerce firms find the right approach to these challenges. In fact, 86%...
The pandemic has accelerated Latin America’s shift to a digital-first economy as a growing majority of consumers opt to shop and access financial services online. A study predicted that 84 million consumers in the region will take up eCommerce shopping by the first quarter of...
September 22, 2021
Latin America has become an attractive market for financial institutions (FIs), FinTechs and payment services providers (PSPs) to expand as payment digitization and use of alternative payment methods increase. The payments landscape is complex, however, with far greater penetration of mobile devices than bank accounts, and consumer payment preferences vary widely from country to country. […]
September 03, 2021
As millions of consumers shifted their shopping activities online, businesses faced numerous barriers when meeting them there, particularly companies seeking to penetrate the United States market from abroad. From complex...
August 12, 2021
Today’s payment service providers (PSPs) play a crucial role in facilitating global commerce for entrepreneurs, small- to mid-sized businesses (SMBs) and eCommerce marketplaces. One tool that more PSPs are adopting...
June 19, 2020
Merchants looking to expand their operations at home and abroad must be able to support their customers’ preferred payment methods, but doing so is no easy feat. Whether they partner...
April 30, 2024
Are companies offering payments services in Great Britain prepared for disruptions such as cyberattacks? Sasha Mills, executive director for financial market infrastructure (FMI) at the Bank of England (BOE) said there is still work to be done. In a speech Tuesday (April 30), Mills said these companies — FMIs, as she calls them — need to […]
March 15, 2024
SAP has launched a composable payment solution designed to help retailers add new payment options. The company’s new open payment framework integrates SAP Commerce Cloud with several third-party payment service...
September 20, 2018
PPRO Group, a U.K. cross-border ePayment provider, announced a partnership with Credorax to boost its Alternative Payment Methods (APMs) offerings throughout Europe. Credorax is one of the first technology companies in...
June 30, 2017
The European Central Bank (ECB) has announced its plans for a new instant payments and settlement system that will enable businesses and consumers to send money in real-time across 19...
