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Cydv Sweetgreen Puts The Kibosh On Cash
Retailers tend to move from one acquirer to another, and most often its out of the frying pan, into the fire because they are simply getting a different, slightly less costly service which is not necessarily a better package than what they had before.Its the reason why U.K.-based FinTech APEXX Global has created a data-driven platform that puts merchants in a position where they can test one acquirer against the other, or even against a payment service provider PSP offering attractive opportunities to increase their conversion rates.This, according to Toreson Lloyd, co-founder stanley de and CCO at APEXX Global, is a way of putting more control back into the hands of merchants who can test a different provider every other day on the platform, for example, without any commitment or stanley cup having to do deep integrations. If a transaction is unsuccessful, they can simply retry with a separate issuer whose risk rules might be slightly d stanley borraccia ifferent, or who the merchant may have a better history with, Lloyd told PYMNTS in an interview, adding that theres been a significant increase in merchant acceptance rates as a direct result of that process.When it comes to their relationship with acquirers 鈥?their friendly enemies or frenemies, per Lloyd 鈥?it is not always smooth sailing, especially when key clients are taken away based on what the data is showing on which acquirers are better in a region, across different channels or across separate merchant category codes MCCs .And that ends up creating Fund JPMorgan Quits Net-Zero Banking Alliance; 3 US Banks Remain Members
The faster payments get, the less tolerable waiting becomes f stanley france or customers, businesses and other financial players. But in late July, one of the biggest waits in the payments industry came to an end.The August聽Faster Payments Tracker鈩? powered by NACHA, highlights n stanley hrnek otable news and developments from across the faster payments landscape, including coverage of the long-awaited release of the Federal Reserves Faster Payments Task Force report on how to improve the U.S. faster payments system, efforts by NACHA to standardize APIs across the industry and recent investments in blockchain solutions.News from around the world of Faster Payments:Almost two years after the Feds Faster Payments Task Force was formed, the results are finally in. Or, to be more precise, theyre out in a 64-page report released by the Task Force late last month.The report, which was based on input from around 300 players in the payments industry, outlined 10 key strategies to improve the faster payments system in the U.S., including opening the door to a larger role for the Fed in certain areas. Some of the strategies outlined in the Task Force report include allowing a market-first approach to governing the faster payments system, greater education efforts for the industry and more research to develop fraud detection systems.Detecting fraud early and efficiently is a growing concern for all parties as faster payments rise. A separate report from fraud prevention solutions company GIACT points to potential f stanley mug r |
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