Payment

Product: A relatively new extension of the Avinode Group, Paynode plans to revolutionize business aviation payments in the same way its sister company, Avinode, ...

According to the company, Vector Payments was created to provide credit card processing to high-risk businesses. The platform also allows payments to be made with Apple Pay and Google Pay. The company says payments can be made quickly, with generated e-invoices taking no more than 15 seconds to process. The platform can be integrated with accounting software such as QuickBooks Online and Sage to take a burden off accounting departments. The company even mentioned how money held in a Paynode account can be used to pay employees. Customers can send payments and sellers can send secure checkout links from their mobile devices, allowing payments to be made quickly while on the go.

The Bangko Sentral ng Pilipinas is finalizing two new payment streams to make digital payments more accessible and convenient as it aims to convert half of ...

“We are looking at releasing the results of the measurement around June this year,” he said. With the COVID-19 pandemic serving as catalysts, the share of digital payments to total retail transactions has increased to 30.3 percent in 2021 from 20.1 percent in 2020, while the number of banked Filipino adults almost doubled to 56 percent in 2021 from 29 percent in 2019. Under its Digital Payments Transformation Roadmap, the BSP aims to shift 50 percent of total retail payments to electronic channels and increase the number of Filipino adults with bank accounts to 70 percent by the end of 2023.

Here are a few things you must know before activating the contactless payment option in your card.

When making online purchases, use a secure Wi-Fi network to prevent unauthorized access to your card information. Keep your card within this range to prevent unauthorised transactions. You can simply hover your credit card and the payment of a particular amount is done in seconds. Quicker transactions: You don’t need to physically sign or enter a PIN for small purchases. The customer does not need to enter a pin or sign for transactions up to a certain limit. When a customer wants to make a payment, they hold their card near a contactless-enabled machine, which is processed wirelessly.

Payment gateways are applications that allow one to request for payments from customers through secure means. After a customer clicks 'Order', a payment gateway ...

One must not commit too quickly to choosing a payment gateway for the sake of having it. That will help a business bounce back with the services of a payment gateway of one’s choice. If one chooses a wrong plan, one may fail to capture many payments and this may lead to customers blaming the company and losing trust. One must ensure the payment gateway complies with security standards, such as PCI-DSS to protect customer information. The right payment gateway makes it easier for customers to pay for the services or goods that they like. Such restrictions may make them ask for a cash payment option and, if one fails to offer that, the opportunity to sell might be lost.

Shanghai Shipyard, which is now part of Shanghai Waigaoqiao Shipbuilding (SWS), and rig owner Reignwood International have resolved the outstanding payment ...

Banco BPM is exploring strategic options for its merchant acquiring business, reported Reuters citing chief executive Giuseppe Castagna.

[Banco BPM](https://www.globaldata.com/company-profile/banco-bpm-spa?scalar=true&pid=78872&sid=2) aims to boost profitability in its retailers’ payment business, Castagna told reporters on the sidelines of the Assiom-Forex conference in Milan. [Intesa Sanpaolo](https://www.globaldata.com/company-profile/intesa-sanpaolo-spa) [signed a €1bn deal](https://www.retailbankerinternational.com/news/intesa-sanpaolo-merchant-payments-business-nexi/) with [Nexi](https://www.globaldata.com/companies/listing/search/?q[]=Nexi SpA&scalar=true&searchKeyName=companyname&pid=78872&sid=2) to sell its retailers’ payment business. [agreed to sell a 65% stake in its non-life insurance business](https://www.lifeinsuranceinternational.com/news/banco-bpm-credit-agricole-bancassurance/) to French peer [Credit Agricole](https://www.globaldata.com/company-profile/credit-agricole-sa). [Credit Agricole](https://www.globaldata.com/company-profile/credit-agricole-sa?scalar=true&pid=78872&sid=2), which is Banco BPM’s [largest shareholder](https://www.retailbankerinternational.com/news/credit-agricole-banco-bpm-stake-2/), built on their existing partnership in the consumer banking space. [Nexi](https://www.globaldata.com/company-profile/nexity-sa) [agreed to buy the merchant acquiring](https://www.electronicpaymentsinternational.com/news/nexi-bper-merchant-acquiring-business/) and POS management businesses of [BPER Banca](https://www.globaldata.com/company-profile/bper-banca-spa) and its [Banco di Sardegna](https://www.globaldata.com/companies/listing/search/?q[]=Banco di Sardegna SpA&scalar=true&searchKeyName=companyname&pid=78872&sid=2) subsidiary for €384m. [Banco BPM](https://www.globaldata.com/company-profile/banco-bpm-spa) is exploring strategic options for its merchant acquiring business, [reported Reuters citing chief executive Giuseppe Castagna](https://www.reuters.com/markets/europe/banco-bpm-wants-squeeze-more-long-term-value-retailers-payment-business-2023-02-04/#:~:text=MILAN%2C%20Feb%204%20(Reuters),chief%20executive%20said%20on%20Saturday).

The Central Bank of Nigeria (CBN) has allowed RoutePay Fintech to offer digital payment services across the county, reported Leadership.

He added: “We are making digital payment products and services available to all and sundry regardless of their exposure, technology awareness, location, age, affluence, and education. [received an approval in principle (AIP) licence](https://leadership.ng/cbn-issues-aip-licence-to-routepay-for-digital-payment-services/) from CBN to offer digital payment solution in the country. Olomu was quoted by the publication as saying: “All these concerns and many others are what we have termed as pain points and RoutePay is all out to fix them in very innovative ways.

assess claims for progress payments made by contractors and subcontractors; and; communicate the assessment in the form of 'payment certificates' issued within ...

[[3]](https://piperalderman.com.au/insight/payment-schedules-beware-the-own-goal/#_ftn3) Penalties may also be imposed. Indeed, this is the default position under many different and frequently used standard form construction contracts . [[7]](https://piperalderman.com.au/insight/payment-schedules-beware-the-own-goal/#_ftn7) [[5]](https://piperalderman.com.au/insight/payment-schedules-beware-the-own-goal/#_ftn5) Spectacular awards of summary judgment have followed. [[4]](https://piperalderman.com.au/insight/payment-schedules-beware-the-own-goal/#_ftn4)

The apex bank in a letter to RoutePay titled, 'Payment Solution Service Licence Category' and dated January 12, 2023, said, “We are pleased to inform you ...

“We are making digital payment products and services available to all and sundry regardless of their exposure, technology awareness, location, age, affluence, and education. Femi Adeoti (the group managing director, and former managing director of Inlaks) is managed by a team of astute professionals with deep knowledge and understanding of the digital payment systems in Nigeria. Adeoti said, “The CBN approval validates the firm’s trustworthiness in the financial services industry.”

Fraud prevention experts recommend these strategies to keep your money safe.

When I faced such a scam, I followed the recommended step of canceling the payment request and never heard from my scam artist again. You can also report your fraud to the government website that shares information with law enforcement. If you do that, and you’re careful in terms of what number you are sending money to, these apps can be a convenient, safe and efficient way to move money,” says Paul Benda, senior vice president of operational risk and cybersecurity at a US-based trade association for the banking industry. As per multiple payment app guidelines, you should cancel the request without paying. Generally, peer-to-peer payment apps are designed to send money between friends — not strangers. Additionally, you can take a screenshot and forward it to the relevant phishing or customer service resource centre.

Scams are common on peer-to-peer payment apps, but you can keep your money safe.

This is achieved by identifying example transaction flows for EMV PINless debit processing, defining key terms related to the payment process, and pinpointing ...

A new deep dive into payment apps from Consumer Reports finds that users can sometimes be out of luck if they accidentally send money to a stranger.

“If you’re a consumer, you’re largely left to reach out to a recipient and hope for the best,” says Hand. “If your recipient has already enrolled with Zelle, the money is sent directly to your recipient’s bank account and cannot be canceled,” says a relevant “They don’t tend to be the holder of accounts,” she adds, so “the responsibility lies with banks” to be able to get money back that was sent to the wrong recipient. “You’re sort of left in limbo to see if you can get your money back or not.” As such, if you do accidentally send money to a stranger—particularly one you can’t contact or track down—you may have to chalk it up as a loss, although it might not hurt to get in touch with the app (or your bank) to see if something can be done. While Venmo and other apps will look into mistaken payments for users, it may be best practice not to get your hopes up that the situation can be mitigated. Once a payment is sent, the funds are available to the recipient right away.” However, a PayPal spokesperson does tell Fast Company that “each situation is reviewed on a case-by-case basis, as we strive to help any customer experiencing challenges resolve their issue. Often, the only recourse is to try and ask the recipient for the money back, and hope that they give it. The problem for users is that there isn’t typically an easy way to get their money back if you do send it to the wrong person. “It has to do with the nature of the relationships between payment apps and banks—payment apps largely facilitate payments,” Hand says. If a user believes they’ve been scammed, however, the company recommends reaching out to its support team. But payment apps aren’t without their potential pitfalls, and sometimes a simple mistake, like sending money to the wrong person, can be costly.

The increasing popularity of payment apps, such as PayPal, Venmo and Zelle, make it simple for people to send money to one another through their phones for ...

SAN FRANCISCO (KRON) — Online payment platform Square is experiencing ongoing issues that are impacting customers across all markets, according to social ...

Businesses using the online payment platform Square, including in the Bay Area, were experiencing widespread issues Monday accepting payments, the company ...

The providers of these cookies may use the data as explained in their privacy policies. You can opt out of these analytics cookies by unselecting the boxes below. You can continue to the site without accepting these cookies but certain features may not be available or function properly.

As companies look to "nearshore" their supply chains, the multichannel payment rails that make it all possible are also facing review.

However, outdated cross-border payment infrastructure continues to make that a challenge. A PYMNTS study, “New Payments Options: Why Consumers Are Trying Digital Wallets” finds that 52% of US consumers tried out a new payment method in 2022, with many choosing to give digital wallets a try for the first time. [B2B payments](https://www.pymnts.com/digital-payments/2022/automated-and-fully-integrated-erps-reduce-payment-delays-errors/) as a whole are growing increasingly digital, and 9 in 10 small-and-medium-sized business (SMB) owners [tell PYMNTS](https://www.pymnts.com/study/ap-ar-quick-start-guide-smb-b2b-payment-platforms/) that all-in-one payment platforms for B2B transactions save time and are more convenient. [Payoneer](https://www.payoneer.com/), told PYMNTS [earlier](https://www.pymnts.com/news/cross-border-commerce/cross-border-payments/2023/payoneer-cross-border-payments-should-be-just-like-sending-email/) in the new year that making cross-border payments should be “as simple as sending email.” [The AR Transformation Solution: Easing And Accelerating Payments From Business Customers](https://www.pymnts.com/study/accounts-receivable-transformation-solution-automation-b2b-payments/),” companies that self-report as “more highly digitized” are more likely to invest in payment innovations for 2023, with nearly three-quarters (73%) saying it is a priority for them, while more than 6 in 10 (64%) of “less digitized” companies also say investing in payment innovation is a priority for the year ahead. The lack of pre-existing connections between banks in established and emerging markets also makes cross-border transactions more expensive, as each bank the B2B funds are required to travel through is likely to charge its own money-movement fee.

San Juan, Puerto Rico-based FV Bank has added cross-border payment capabilities to its digital banking offerings to encourage customer retention.