Stride Bank, N.A.’s Post

Welcome to a #HotTake Wednesday. Gonna be straight with you - I'm just here for your clicks on this one, and, if I'm lucky, some comments, but hey, you were the one who opened LinkedIn, so who's the real villain here? Let's have some fun. For forever and a day, I've struggled with the term "embedded payments." Everyone points to the shining example of Uber as the darling of embedded payments. "It's soooo amazing, I just get out and walk away." Fine, that's great, and I'm not here to take away what Uber and Lyft have done for taxi rides. It's really nice to not fumble with my wallet - good on you. Now let me show you my "but" But, is it **really** that amazing? Wouldn't you expect every app or service where you need to pay for something to have a checkout, possibly a way to save your payments information as well so you don't have to re-enter it? Haven't we just glorified something that was necessary anyway? I don't make an order for groceries at my local supermarket and then marvel "wow, this was so much better because of embedded payments." I EXPECT a payment function in apps where I collect money, who wouldn't? Calling it an embedded payment is really just unnecessary glorification of a business requirement. Change my mind ;-) #embeddedpayments #merchantpayments #nacsshow2024

Unfortunately, yet another article propagating myths about the efficiency of open-loop payments by people who seem far removed from the transportation sector. They talk about efficiency and advantages but provide no real numbers. All their arguments are based on a survey of 100 people who are not passengers, yet claim efficiency and improved user experience. It immediately reminded me of asking a gas station attendant how a new brand of gasoline improves a car's performance. As usual, they mention payment security but forget to tell you that the overall global fraud rate for "secure" bank cards is about 0.5%, and even higher in transit. Otherwise, why would various vendors implement PAR deny lists and debt recovery strategies? Then they even mention a product that doesn't significantly differ from closed-loop cards. I hope someday I'll have the time to more thoroughly dissect this and similar commissioned articles... #publictransport #openloop #payments #fares

I’ll be the first to admit it: subscriptions have taken over my life! From Netflix to Amazon Prime and many more, it’s too easy to get lost in the chaos of managing them without even realizing it. With 6.8 billion subscriptions worldwide (and counting!), managing them should be hassle-free. That’s why Mastercard has acquired Minna Technologies, empowering consumers to easily manage all their subscriptions in one place—whether it’s signing up, pausing, canceling or resubscribing, all with just a few clicks. We are dedicated to enhancing the subscription experience for everyone by focusing on three key areas: 1️⃣ Simplicity – Ensuring consumers can view and manage all their subscriptions in one convenient location. 2️⃣ Clarity – Providing transparency to reduce churn and elevate the overall experience. 3️⃣ Relationships – Helping businesses engage, retain, and expand their customer base beyond the initial interaction. Prepare for a seamless, one-click experience to take control of all your subscriptions—anytime, anywhere! #MastercardEmployee #SubscriptionEconomy #CustomerExperience #Innovation

Uber for Business and Ascenda have teamed up so your fintech and banking reward points can now fuel your next business trip or a quick bite from Uber Eats. Your points just got a whole lot more practical and tastier! 🚗🍔 Read more: https://bit.ly/3TsTVgX #UberForBusiness #Fintech #Banking #UberEats #UberRides

🚨 Frustrated with Limited Payment Options 🚨 I’m genuinely frustrated with the current experience of booking a cab or auto on Rapido. In this day and age, it’s surprising that I’m forced to pay in cash at the time of booking, despite having a Rapido wallet cash that remains useless. Why offer a digital wallet if it’s not integrated into the payment options? This is not just an inconvenience but a major step backwards in terms of user experience and convenience. Furthermore, if your customer service is aware of this scam, why the hell do they refund the money in the wallet instead of the original source of payment? 😡 Tagging Rapido and Aravind Sanka to bring this to your attention. It’s high time to update the payment methods and ensure that your digital wallet feature actually adds value to the service. Let’s make our services truly user-friendly and adaptable to modern payment preferences. 💳🚖💸 Seems like, you need a lot to learn from Ola & Uber in this regard. Nitin Gadkari #CustomerExperience #DigitalPayments #Rapido #Frustration #TechImprovements #PaymentOptions #cheated

A strategic partnership between PayFast and RepublicWomenwear could prove highly beneficial, particularly in enhancing #digitalpayment processes. By integrating PayFast’s payment gateway into Republic Womenwear’s online store, transactions can be streamlined and secured effectively. This collaboration aims to enhance the shopping experience by providing a range of payment options and optimizing the checkout process for greater efficiency. #Partnership #DigitalPayments #EcommerceTransformation Pay Fast Waseem Amanat Iram Iqbal #payfast #payments

Great idea from Cebo Gumbi in #SouthAfrica: Provide a way for people who don't have a credit/debit card to still shop online by paying at a local pay point. Slightly similar to PayPoint here in the UK, #PayBridge will allow the many "underbanked" people of SA to still be able to shop online with just cash. I bet there will also be a proportion who use the service because they don't want to give away their card details when shopping online, or they are CBDC resisters 😅 Guess the only thing missing from this model is cash-to-crypto i.e. pay with cash locally but online store receives payment in crypto.

Tired of manual payouts that drain time and energy? Now skip delays and endless entries with SprintNXT’s Payout API.  Pay your vendors, disburse salaries, and refund customers—all in one click.  So, whether you're in e-commerce, logistics, NBFCs, or education, we've got the perfect payout solution for you. Fast. Simple. Seamless. Let’s automate your payouts today! 🚀 #SprintNXT #PayoutSimplified #BusinessAutomation #SeamlessPayments #VendorPayments #SalaryDisbursement #BusinessGrowth #FintechSolutions #payments S Anand

Solving a universally human problem can create an incredibly impactful product. Just take the painful process of paying the bill while dining out. You know the drill: trying to figure out who owes what, that one card getting declined, and waitstaff hovering nearby. It's bloody annoying. 😠 Enter Magic Pay by SumUp - a solution that completes payments in just 15 seconds! Yep, you heard that right. With Magic Pay, diners can settle up quickly, which means happier staff, faster table turnovers, and more satisfied customers who are likely to return. We had so much fun bringing this concept to life! A big thank you to SumUp and Corin Camenisch. Check out the video and discover the magic of tech!

“Payments will be integrated into multiple channels, use cases and companies.” Scott Harkey our VP for FS and Payments, shares his 2024 insights in Payments Dive. Think the Uber friction-free payment experience but facilitated by more companies entering the payments sector as embedded payments becomes broader. Grab your 2024 insights here: https://okt.to/qrbP8o #Payments #Embedded #Endava