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Account to Account (A2A), Acquiring, Central bank digital currencies (CBDC), Daily news, E-Money, FinTech, Instant Payments, Issuing & Acquiring, Mobile Remittance, Open Banking, payments processing, Payments Processing as a Business (PPaaB), Processing & Systems, Real-Time Payments, Remittance -

Research conducted by Celent has revealed that, in response to commercial pressures and changing scheme and regulatory requirements, payments processing is transforming from a commodity to a business, creating compelling... read more

The post Payment Processing as a Business – A huge opportunity for Banks appeared first on Payments Cards & Mobile.

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Daily News, E-Commerce, E-Money, Issuing & Acquiring, Mobile Payments, Mobile Wallet, payments China, payments in China, payments processing, payments processing in China, Processing & Systems, processing in China -

China, boasted over $811.96 billion in e-commerce sales in 2016, 122 million outbound travellers, and a record number of students studying abroad. This has created a booming opportunity for global marketplaces, marketplace sellers, e-commerce retailers and online travel agencies. China is now consistently considered a top geographical priority for global payment growth strategy. However, for all those flocking to [...]

The post The opportunities and challenges of payments processing in China appeared first on Payments Cards & Mobile.

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CardConnect, Contracts, Daily News, First Data, Issuing & Acquiring, payments processing, payments processing company, Processing & Systems -

First Data has agreed to acquire smaller payments processing company CardConnect in a deal worth around $750 million, the companies said on Tuesday. First Data will pay $15.00 per share in cash for CardConnect, whose stock jumped to as much as $15.15, indicating some investors expect a better offer – according to Reuters. The deal would be the [...]

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Contracts, Daily News, E-Money, Issuing & Acquiring, payments processing, payments processor, POS Terminals, Processing & Systems, processor, RS2 -

Payments processor RS2 Software has announced a partnership with Alpha Payments Cloud to provide banks in Thailand with access to multiple financial and non-financial services through a single integration. This helps them to cut the costs and complexity of back-office integration, and increase functionality and customisation. Thailand’s e-commerce market is on track to be one [...]

The post RS2’s one-stop-shop payment processing for Thai market appeared first on Payments Cards & Mobile.

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banking sector, Daily News, digital disruption, digital revolution, Mobile Banking, Mobile Payments, payments processing -

According to an article which first appeared in the FT, the digital revolution sweeping through the banking sector is set to wipe out almost two-thirds of earnings on some financial products as new technology companies drive down prices and erode lenders’ profit margins. This is one of the main predictions by the consultancy McKinsey in [...]

The post Banks face wipeout in some financial services – McKinsey appeared first on Payments Cards & Mobile.

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