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  • Exploring multilateral platforms for cross-border payments: BIS Report Jan’23

    “Multilateral [payment] platforms could play a key role in alleviating the frictions of cross-border payments and achieving the global targets for cost, speed, transparency and access (FSB (2021)). However, risks, barriers and challenges could limit their potential or even hinder their establishment in the first place. While this report does not present a blueprint for…

  • What’s driving the rise of Alternate Payments ?

    The growth of APMs (Alternate / Local Payment Methods) can be attributed to: Drivers of consumer adoption include: Drivers of merchant adoption include: External structural influences have also played a key role in driving the growth of APMs: Credits:Flagship Advisory Partners

  • Account Updater 101

    If your company’s lifeline is recurring revenue, preventing customer churn is crucial to success. Subscription businesses stay afloat by maintaining a high uptime, reaching out to disengaged users and leveraging their current customer base for highly qualified referrals. Until recently, it’s been nearly impossible to minimize the loss of revenue associated with outdated payment information. Account UpdaterAccount Updater…

  • Mechanics of Apple’s newly launched BNPL Service

    Here is the summary: Unlike the Apple Card, where Apple serves primarily as a marketing and UX frontend for Goldman Sachs, Apple is providing far more of the functionality tied to Apple Pay Later. “Apple Inc. will handle the lending itself for a new “buy now, pay later” offering, sidestepping partners as the tech giant…

  • 8-digit BIN

    Visa and Mastercard have extended the BIN (Bank Identification Number) of their cards from 6 to 8 digits globally on April 1st 2022. The change in BIN length is a regulatory change and mainly affects card issuers. But some merchants and Payment Service Providers (PSPs) use the BIN for routing transactions, for loyalty programs, for…

  • Cross Border Acquiring 101: Pros & Cons

    “Cross-border acquiring” is when a merchant operating in Country A uses an acquirerAcquirer (or Acquiring bank) Acquirer (or Acquiring bank) A bank or a financial institute, which acquires funds for its merchant from a shopper. To accept card payments, an acquirer should be licensed by corresponding card networks and either partner with a payment processor, or be…

  • Why APMs

    Building a business case for accepting alternative payment methods (APMs) Users want making a purchase to be as frictionless as possible. There will be many reasons a user decides not to complete a sale, including unexpected costs, being forced to create an account, or being made to complete long-winded forms. But with most people using…

  • Neuroscience behind Buy-Now-Pay-Later

    The science behind Buy-Now-Pay-Later: “Neuroscientists have found that asking people to pay money activates the same brain regions as physical pain – we have learned to be wary of paying for things in the same way as we avoid hot cookers or electrical sockets,” “But anything that still allows us to get the positive reward from…

  • Singapore’s Payment Service Act (PSA)

    What is the Payment Services Act (PSA)? The Payment Services Act (PSA) provides for the licensing and regulation of payment service providers and the oversight of payment systems and it was passed on 14 January 2019 What Payment Services Fall Within the Scope of the PSA? For the purposes of the PSA, the following services…

  • Benefits of DCC for Merchants

    Benefits to Merchants for DCCDynamic Currency Conversion (DCC) Dynamic Currency Conversion (DCC) or Cardholder Preferred Currency (CPC) Allows shoppers to convert the transaction amount to their card’s default currency when making a payment abroad. The shopper is presented with the choice to convert the transaction amount, when the transaction is in a currency other than the default…

  • Exploring multilateral platforms for cross-border payments: BIS Report Jan’23

    “Multilateral [payment] platforms could play a key role in alleviating the frictions of cross-border payments and achieving the global targets for cost, speed, transparency and access (FSB (2021)). However, risks, barriers and challenges could limit their potential or even hinder their establishment in the first place. While this report does not present a blueprint for…

  • What’s driving the rise of Alternate Payments ?

    The growth of APMs (Alternate / Local Payment Methods) can be attributed to: Drivers of consumer adoption include: Drivers of merchant adoption include: External structural influences have also played a key role in driving the growth of APMs: Credits:Flagship Advisory Partners

  • Account Updater 101

    If your company’s lifeline is recurring revenue, preventing customer churn is crucial to success. Subscription businesses stay afloat by maintaining a high uptime, reaching out to disengaged users and leveraging their current customer base for highly qualified referrals. Until recently, it’s been nearly impossible to minimize the loss of revenue associated with outdated payment information. Account UpdaterAccount Updater…

  • Mechanics of Apple’s newly launched BNPL Service

    Here is the summary: Unlike the Apple Card, where Apple serves primarily as a marketing and UX frontend for Goldman Sachs, Apple is providing far more of the functionality tied to Apple Pay Later. “Apple Inc. will handle the lending itself for a new “buy now, pay later” offering, sidestepping partners as the tech giant…

  • 8-digit BIN

    Visa and Mastercard have extended the BIN (Bank Identification Number) of their cards from 6 to 8 digits globally on April 1st 2022. The change in BIN length is a regulatory change and mainly affects card issuers. But some merchants and Payment Service Providers (PSPs) use the BIN for routing transactions, for loyalty programs, for…

  • Cross Border Acquiring 101: Pros & Cons

    “Cross-border acquiring” is when a merchant operating in Country A uses an acquirerAcquirer (or Acquiring bank) Acquirer (or Acquiring bank) A bank or a financial institute, which acquires funds for its merchant from a shopper. To accept card payments, an acquirer should be licensed by corresponding card networks and either partner with a payment processor, or be…

  • Why APMs

    Building a business case for accepting alternative payment methods (APMs) Users want making a purchase to be as frictionless as possible. There will be many reasons a user decides not to complete a sale, including unexpected costs, being forced to create an account, or being made to complete long-winded forms. But with most people using…

  • Neuroscience behind Buy-Now-Pay-Later

    The science behind Buy-Now-Pay-Later: “Neuroscientists have found that asking people to pay money activates the same brain regions as physical pain – we have learned to be wary of paying for things in the same way as we avoid hot cookers or electrical sockets,” “But anything that still allows us to get the positive reward from…

  • Singapore’s Payment Service Act (PSA)

    What is the Payment Services Act (PSA)? The Payment Services Act (PSA) provides for the licensing and regulation of payment service providers and the oversight of payment systems and it was passed on 14 January 2019 What Payment Services Fall Within the Scope of the PSA? For the purposes of the PSA, the following services…

  • Benefits of DCC for Merchants

    Benefits to Merchants for DCCDynamic Currency Conversion (DCC) Dynamic Currency Conversion (DCC) or Cardholder Preferred Currency (CPC) Allows shoppers to convert the transaction amount to their card’s default currency when making a payment abroad. The shopper is presented with the choice to convert the transaction amount, when the transaction is in a currency other than the default…

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