Stefan Schnitzler’s Post

Am surprised not many large retailers are doing this in Malaysia. Previously the excuse could be slow issuing bank response plus they prefer their own (100%) branding rather than co-branding. But I believe they have other options today and should really consider rather than doing plain old loyalty only. #fintech #payments #loyalty

A great piece by Sean here, and some great analysis on what the retail and hospitality sectors can do to improve their customers journey. Of course Sean is speaking here on the digital journey, such an important part of todays spending behaviour, I know he also recognises the value of cash for the consumer, and the importance of continuing to accept it! #cashisking

All for one or, one for all… In my ‘payments life’ with several leading #acquirers (for those that don’t know - Barclaycard Payments, Worldpay & Global Payments Inc.) I’ve supported 000’s of small, medium & large businesses with their payment acceptance requirements 💳 💰 A common question that still reigns with #merchants is “can you integrate with ABC ePOS…?” If you’re looking to take #cardpayments from your customers face-to-face, you probably know that you need some kind of till system. But as with everything these days, the choice of products & solutions can be overwhelming if you’re not sure what to look for… When ABC ePOS only “integrates with a number of hand-picked payment solutions” why not all to offer our UK #smb’s real choice 🤷♂️ With the majority of acquirers using #terminals provided by Ingenico, Verifone, PAX Technology (EMEA Region), Castles Technology or SUNMI why can’t everything be ‘acquirer agnostic’ ‘cos afterall, #communication - It’s good for business innit⁉️ When your card machine & till aren’t working well together, an error here, a miskey there & suddenly things don't balance (IF, you write off the difference, it all adds up) 🕰️ to join the businesses using integrated payments me thinks…

Merchants spend much time, effort, and financial resources perfecting their conversion funnel to ensure a successful payment or sale. It’s a huge pain point for them when an issuer declines the transaction. But what can they do? Typically, merchants do not have direct access to issuers. Instead, merchants rely on the acquirers and networks to act as the middleman to create rule sets and standardization with the issuers. This lack of communication causes financial loss and frustration for issuers, merchants, and consumers. Kipp's platform bridges the gap between merchants and issuers, enabling collaboration for win-win situations.  👉 Interested to learn more, book some time with us: https://lnkd.in/ewSFgGcD #creditcards #authrate #merchants #paymentsinnovation ⭐Merchant testimonial 

Sub-acquirers, also known as #paymentfacilitators, have played a vital role in fostering merchant digital payment acceptance, particularly in developing countries. To provide access to digital payments (ie #card acceptance) to merchants, sub-acquirers do not have a direct connection with the #card network but through the #acquirer. This Bank for International Settlements – BIS paper aims to study the optimal pricing in the payments industry when: 🔖 the sub-acquirers and acquirers compete in the same downstream market, 🔖 the sub-acquirers enter niche markets that are not covered yet (eg micro and small-sized merchants). #bis #acquirer #subacquirer #cardnetwork #merchant #payment #fees

NatWest Group is to buy most of Sainsbury's Bank’s in the first significant deal by new chief executive Paul Thwaite and one that accelerates the supermarket sector’s exit after a failed push into financial services.    The state-backed bank said on Thursday it had agreed to buy £2.5bn of assets, including unsecured loans and credit card deposits and £2.6bn of liabilities, from the supermarket chain. The deal does not include Sainsbury’s Bank’s cash machine, insurance and travel money business or Argos Financial Services. Sainsbury’s will pay NatWest £125mn as part of the deal. As part of the transaction NatWest Group also expects to add around one million customer accounts. It will also receive a £125m payment from the retailer when the deal completes in the first half of 2025. The deal marks a wave of consolidation among smaller lenders in the UK banking market, alongside the phased retreat of supermarket operators from the industry. In February, Barclays struck a deal to buy most of Tesco Bank for £700m. https://lnkd.in/ejmb9q9Q #payments #paymentstalk #epaysummit

After voluntarily delisting from the Australian Stock Exchange the white-label buy now, pay later (BNPL) solution provider Splitit is now open to trade on the PrimayMarkets Platform. Splitit provides an innovative instalment service linked to the existing payment cards, allowing shoppers to utilize their existing bank-issued credit, without needing to underwrite a new loan with a non-bank lender. Their unique IP and business model means it has the industry's lowest marketing, regulatory and bad debt expenses. This economic structure addresses the issues facing legacy BNPL and provides a clear pathway to sustainable profitable growth. Splitit uses the available credit on the existing credit card, rather than underwriting and originating a new loan. Instalments are collected automatically on the consumer's card without a loan application or a credit check. The shopper gets all the benefits of paying with their regular credit card, including rewards, transaction insurance and protection against fraud. Installments are scheduled on the card that shoppers already use for purchases. Splitit solves the challenges businesses face with legacy BNPL while unlocking BNPL at the point of sale, eCommerce checkout or call center. Trade Splitit shares: https://hubs.la/Q02jM9mv0

It will be interesting to watch the expansion of the #BNPL market, and the associated impact on the collection industry. I wonder how giving consumers more options will impact BNPL. While everyone likes the concept of choices, sometimes giving someone more choices results in less usage of the product, and a worse outcome for the consumer. Change the is the only constant in life, and this is just another step in the BNPL evolution. #Collections #Customerexperience #BNPLdebt

📢 We’re thrilled to share that our CEO Mai Le has provided her valuable insights in a recent article by The Paypers. The piece explores the future of real-time payments and highlights how our Instant Payout (IPO) solutions are benefiting SMEs merchants. Dive into the article to learn more about the innovations transforming the payments landscape and efficiency in cross-border transactions. Read the full article here: https://lnkd.in/djDCZKSx

The key to how Capital One can be more competitive resides in how credit card companies engage with merchants. The Discover deal potentially enables Capital One to reduce its reliance on other companies to process payments. #payments #capitalone #discover #deal https://lnkd.in/g5mPS7V6