Alex McDonald’s Post

A gateway usually refers to an entrance or a passage. In the payments world a Gateway has a slightly different meaning. In a payments transaction, there are several key players. One of those key players is a Gateway. A Gateway is responsible for facilitating the transfer of payment data to the merchant’s bank account. They act as the middle man between the merchant and the payment processor to securely authorise and process transactions 🔒 So, technically, a payments gateway is a digital passage that data has to pass through to get to the payment processor for processing. To find out more about the transaction flow, head to our blog https://hubs.la/Q02x3rdh0 🚀 #softpos #contactlesspayment #themoreyouknow

🚀 Did you know payment links are almost 24 years old? 🌟 For some, they might seem new, but others have been using them since the early days. Initially, payment links were simple: click a link to be directed to a secure payment page. Fast forward to 2008-2010, digital wallets adopted payment links, revolutionizing the payment landscape and introducing competition to traditional banks. Since then, the payment industry has transformed dramatically. Instant payment systems like PIX, SPEI, and Mbway have made transactions faster and safer. As payment specialists, we’re dedicated to providing you with the best custom solutions. Whether it’s payment links, credit card installments, or instant payments, we’ll guide you to the best route for your business. #PaymentLinks #DigitalWallets #InstantPayments #Fintech #PaymentSolutions #BusinessGrowth

As we look forward to the future of payments, it's fascinating to consider the potential of the humble ATM. Initially focused on simply receiving deposits, these machines have already evolved to provide modern cardholders with a wide array of services. With digital payment methods like digital wallets growing in popularity, could the next phase be a similar integration with digital payments as we experienced with the rise of the debit card? Time will tell. https://lnkd.in/gJtBqEm7 #ATM #DigitalPayment #DigitalWallet #DebitCard

𝐖𝐨𝐧𝐝𝐞𝐫𝐢𝐧𝐠 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐫𝐞𝐚𝐥-𝐭𝐢𝐦𝐞 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬?🌐💳 Instant debit payments are set to revolutionize money transfers. 🔍 𝑹𝒆𝒂𝒍-𝑻𝒊𝒎𝒆 𝑵𝒆𝒕𝒘𝒐𝒓𝒌𝒔: Instant transfers via FedNow, RTP, Same Day ACH, and Zelle cater to our fast-paced lifestyles, ensuring transactions happen at lightning speed. 💡 𝑴𝒆𝒓𝒄𝒉𝒂𝒏𝒕 𝑺𝒕𝒓𝒂𝒕𝒆𝒈𝒊𝒆𝒔: By promoting debit card usage, businesses can tackle high credit card fees, offering savings for both themselves and their customers. 🌟 𝑺𝒆𝒂𝒎𝒍𝒆𝒔𝒔 𝑻𝒓𝒂𝒏𝒔𝒂𝒄𝒕𝒊𝒐𝒏𝒔: Mobile wallets and contactless cards make transactions effortless, meeting the needs of consumers and merchants alike. 🔮 𝑭𝒖𝒕𝒖𝒓𝒆 𝑶𝒖𝒕𝒍𝒐𝒐𝒌: With more institutions embracing real-time payments, waiting for funds to settle will soon become a thing of the past, ensuring unparalleled speed and efficiency. 💼 𝑪𝒐𝒔𝒕-𝑬𝒇𝒇𝒆𝒄𝒕𝒊𝒗𝒆 𝑺𝒐𝒍𝒖𝒕𝒊𝒐𝒏𝒔: Instant debit payments align with the shared goal of paying less and saving more for both customers and merchants, paving the way for a brighter financial future. What are your thoughts on this transformation?🤔 #InstantDebitPayments #FutureofPayments #FintechRevolution

Three days full of conversations revolving around #merchants, #payments, and everything in between at the Merchant Payments Ecosystem. Words #conveniece and #userexperience were mentioned LOTS of times, and it's wonderful because it means the whole #finance industry across the globe aims to make payments as #frictionless and #seamless as possible. This is where #digitalwallets come in. Gary Munro held a panel discussion where Michalis Michaelides from BPC Banking Technologies, Erik Cicilla from RPC, and our Chief Business Officer Simas Simanauskas, PMP, discussed the challenges and opportunities presented by digital wallets and the responsibility we as industry experts carry for consumers to build financial solutions that will actually create a better customer experience. Well, and Finextra put a great overview of what's new for merchants and digital wallets, read it here: https://lnkd.in/dqnGkiNC

Fantastic news!! If you’re a SAAS provider and would like to hear more about how our Open Banking solution helps our partners like Virgin Money and their merchants: 🚀 Boost conversion rates 💸 Receive instant payments 💰 Cut down on processing fees Please reach out, we’d be happy to help #OpenBanking #Fintech #SaaS #InstantPayments #Partnerships #Innovation

"In 2024, electronic payments will become more embedded into the digital experience as they become an increasingly popular payment acceptance option," NMI Chief Strategy Officer Katarina Skridlova-Hampton shared in a recent Retail Banker International interview. As consumers continue to demand fluid, frictionless payment experiences, Hampton anticipates that we will see payment software technology continue to evolve to prioritize flexibility and choice. In this article, she explains how electronic payments will become more embedded into the digital experience in 2024, offering a seamless consumer payment experience. See her full insights here: https://bit.ly/3S4pHzI #Payments #Fintech #FintechNews

Did you know interoperability also makes this possible?👇👇👇 😱Remember the other day when you needed cash and confidently used an ATM that wasn't your bank's? That's the power of payment interoperability in action! Different banks agree on standard ways to communicate and process transactions, so your card works even at unfamiliar ATMs. 😱Think about those debit and credit cards with logos like gh-link, Visa or Mastercard? Those are also interoperable! As long as the merchant displays the matching network logo, your card from any bank will work, opening up millions of shopping possibilities. Interoperability is what keeps the payment world running smoothly. It fosters competition and innovation, ultimately benefiting everyone from you, the consumer, to the merchants ( businesses) you shop at and the banks that serve you. Now tell me, was there an “aha” moment after the first paragraph?😀 #fintech #financialinclusion #payment

I've been selling financial services for a long time, but nothing has excited me as much as Open Banking. The adoption of open banking is growing dramatically, yet some brands are surprisingly hesitant to embrace it . . . . Why? Just like some merchants were slow to see the benefits of BNPL products, yet BNPL is now a pre requisite. Equals Money offers #Roqqett, an innovative open banking solution. I'm eager to discuss why #Roqqett should be part of your checkout. Although card payments aren't going anywhere, there are some distinct advantages in utilising open banking over traditional card acceptance - for both you and your customers #WinWin. Let's talk about how #Roqqett can elevate your business!

Shout out to my Fiserv colleagues! At the recent FintechMeetup, with Finxact as a category sponsor of Embedded Finance, Fiserv’s own Sunil Sachdev and Naomi Donaldson took the stage to shed light on emerging trends in finance and payments. Sunil, our Head of Embedded Finance, explored the evolution of Banking as a Service, highlighting our strategic role in enabling financial institutions to adapt through strategic partnerships and our integrated capabilities. Naomi, Director of Product for Carat from Fiserv Digital Payouts, focused on how the payments ecosystem is empowering fintechs to leverage the potential of real-time payments, comparing platforms like Visa Direct, RTP via TCH, and FedNow, and advising fintechs on choosing the right solution. Their insights underscore Fiserv’s commitment to leading innovation in financial technology, empowering financial institutions, merchants and fintechs to thrive in a rapidly evolving landscape. #RealTimePayments #FintechMeetup #Finxact #Fintech