Mikhail Hamilton, Author at B2Bdaily.com

Digital Lending / Digital Payments

Is Payments-as-a-Service the Future of Financial Transactions?

Payments-as-a-Service (PaaS) is revolutionizing how financial transactions are executed and managed. By outsourcing payment functionalities to specialized third-party vendors, financial institutions gain the flexibility to streamline processes, enhance customer satisfaction, and stay competitive in an ever-evolving digital landscape. This transformative approach shifts the traditional perspective of payments, turning them into a customizable journey that enhances financial efficiency and customer satisfaction.

July 2, 2024

Digital Lending / Digital Payments

Monzo Introduces New Fraud Controls to Enhance Payment Security

Monzo, the pioneering digital bank, has taken significant steps to combat the rise of fraudulent payments with the introduction of three new security features. The wave of cybercrime, including tactics such as phone theft, shoulder surfing, and impersonation scams, necessitated these proactive measures. These new options—Known Locations, Trusted Contacts, and Secret QR Codes—are optional enhancements that customers can configure according

July 2, 2024

E-Commerce

Noda Expands to Brazil, Enhancing Global Payments for Merchants

Noda, an international open banking and payments service provider, has announced its expansion into the Brazilian market. This move aims to close significant gaps in the payment infrastructure between Brazil and other global markets such as Europe. By entering this thriving economy, Noda intends to empower merchants with enhanced transaction efficiency and greater convenience. Brazil’s Pix network, an advanced immediate

July 2, 2024

E-Commerce

How Did Rainforest Secure $20M Amid Fintech Funding Challenges?

In a notable achievement, Rainforest, a fintech company specializing in PayFac-as-a-Service (Payment Facilitator as a Service), recently secured a substantial $20 million in Series A funding. This success is particularly impressive given the current challenging landscape for fintech investments. Background on Rainforest’s Recent Funding Success Investor Confidence and Key Contributors Rainforest’s recent funding round was led by Matrix Partners, with

July 2, 2024

Digital Lending / Digital Payments

KFH Unveils WAMD for Instant Mobile Payments Amid Fintech Progress

In a move that showcases the relentless pace of innovation in the fintech sector, the Kuwait Finance House (KFH) has introduced a groundbreaking digital payment service called WAMD. This feature allows customers to send and receive money instantly and cost-free using their mobile numbers, effectively revolutionizing how financial transactions are conducted. Launched through KFH’s well-established KFHonline app and powered by

July 2, 2024

Digital Lending / Digital Payments

ECB’s Digital Euro: Enhancing Payment Freedom, Privacy, and Security

The European Central Bank (ECB) is embarking on a groundbreaking initiative to introduce a digital euro, aiming to bolster Europe’s payment infrastructure. This move promises enhanced payment freedom, improved privacy, and increased security. As Europe becomes more digitally inclined, the necessity for a secure, inclusive, and sovereign digital payment method gains urgency. A Vision for the Digital Euro Motivation Behind

July 2, 2024

E-Commerce

Sezzle Expands Payment Streaks Program to Canada Promoting Timely Payments

The introduction of Sezzle Inc.’s innovative Payment Streaks program to the Canadian market marks a pivotal moment in the company’s mission to enhance user financial responsibility. As a notable player in the Buy Now, Pay Later (BNPL) sector, Sezzle aims to engage users by gamifying the act of making timely payments. The feature, which has already demonstrated success in the

July 1, 2024

Digital Lending / Digital Payments

Are Digital Payment Systems Reliable Enough for Users’ Daily Needs?

The recent disruption in payment processing for customers of Barclays, HSBC, Nationwide, and Virgin Money raises pressing questions about the reliability of digital payment systems in our daily lives. The issue originated from the Faster Payments system, a critical backbone for swift and efficient transactions. Pay UK, the body that oversees this system, confirmed that a small percentage of Faster

July 1, 2024

E-Commerce

Fintech Innovations Lead Financial Sector Toward Digital Transformation

The financial sector is undergoing unprecedented changes driven primarily by innovations in fintech. The rapid advancement of technology, formation of strategic partnerships, and substantial funding activities are paving the way for a new digital era in the financial world. These transformations extend beyond mere technological upgrades to encompass enhanced customer experiences, fortified security measures, and improved operational efficiencies across various

June 28, 2024

E-Commerce

How Will the Revere-BigCommerce Partnership Benefit E-Commerce?

The recent announcement of Revere Payments becoming a Preferred Technology Partner for BigCommerce marks a significant development in the landscape of online retail. This collaboration is poised to bring substantial benefits to both enterprise-level e-commerce giants and small businesses seeking to enhance their digital storefronts. Revere Payments has built a reputation for providing secure, efficient, and versatile payment solutions, and

June 28, 2024

Digital Lending / Digital Payments

Can Visa’s Digital Card Replacement Transform Travel Safety and Convenience?

Visa has unveiled a groundbreaking new service aimed at minimizing the stress and inconvenience of losing a card while traveling. This innovative solution allows travelers to receive emergency digital card replacements via text or email, ensuring they can continue their trips without significant disruptions. The relevance of this service is underscored by the fact that 74% of U.S. travelers already

June 28, 2024

E-Commerce

Ecommpay and BigCommerce Partner to Enhance E-commerce Payment Solutions

The e-commerce landscape has always been a fast-evolving ecosystem requiring continuous innovation to meet the growing demands of merchants and consumers. In a strategic move to bolster payment processing capabilities, Ecommpay, a leading end-to-end payment platform, has formed a partnership with BigCommerce, a global e-commerce Software-as-a-Service (SaaS) provider. This collaboration aims to provide enhanced payment solutions for merchants operating in

June 27, 2024