How to Implement Secure and Scalable International Money Transfers for B2B and B2C We don’t often stop to think about how money moves until it slows us down. Yet nearly $5 trillion crosses international borders every day. For businesses, these…
Financial Agility and Security Make Virtual Cards More Than a Payment Method—They’re a Business Strategy Why are virtual cards in demand? Imagine you’re a finance manager at a mid-sized company manually approving expense reports, flipping through paper receipts, and trying…
AI is Influencing the Next Generation of Payment Technologies Dr. Stiene Reimer, BCG’s expert in AI and payments, puts it succinctly: “AI is not only enhancing existing payment processes but also creating entirely new ways of transacting. Businesses adopting AI-driven…
With a growing preference for cashless transactions, businesses in the UK are increasingly adopting next-generation card payment terminals. Debit card payments made up more than half of all transactions in the UK in 2023, a figure projected to surpass 30…
Gen Z, those born between the late 1990s and early 2010s, is paving the way forward in how people pay for goods and services. Gen Z is becoming an important segment of shoppers with consumers having about $360 billion in…
What is FamiPay? FamiPay is a popular eWallet solution in Japan, enabling seamless and efficient transactions in Japanese Yen (JPY). It is tailored for the Japanese market, combining convenience and security for everyday use. Developed by FamilyMart, a major convenience…
Minimise False Declines for Significant Gains Many businesses focus on reducing cart abandonment or optimising site performance to increase revenue, but these strategies don't always guarantee sales. Enhancing credit card acceptance rates (also referred to as Authorisation or “auth” rates)…
What is a Payfac Model? Payment Facilitators, or PayFacs, are revolutionising traditional payment processing by enabling a simplified merchant acquisition process. Unlike traditional methods that require businesses to set up a direct merchant account with banks or payment processors, the…
Empower Your Business with Global Payment Solutions Sending B2B payments to Curaçao is frictionless with Rapyd Disburse. Whether you’re paying suppliers, freelancers, or managing payroll, Rapyd provides an efficient and cost-effective solution tailored for your business needs.
Understanding Merchant Category Codes An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors to classify a business according to the type of goods or services it provides. MCCs are defined by the International Organization for…
Embrace digital payment platforms to accept B2B payments. Efficient B2B payment acceptance is crucial for any company's success in the digital age. Implementing the right payment solutions can transform business operations, from speeding up transactions to enhancing cash flow. A…
Discover how merchants can capitalize on the European Union's Digital Markets Act (DMA) by exploring new payment processing options, developing independent payment systems, and partnering with innovative providers. The European Union's Digital Markets Act (DMA) is a groundbreaking law designed…
Choosing the Right Payment Platform for Competitive Global Growth Whether it’s accepting credit cards, sending funds overseas, dealing with international payrolls for content creators, or juggling multi-currency accounts, you need payment and payout solutions that are efficient, secure, and cost-effective.…
Sophisticated Scamming on the Rise Sophisticated online fraud is rising, preying on unsuspecting individuals and businesses. With new techniques emerging, vigilance and proactivity are essential. Our guide uncovers common fraud schemes and provides instructions for reporting fraud in the UK…
More Technology Invites More Fraud In the turbulent geopolitical environment of 2024, online fraud looms larger than ever. Today, fraudulent organisations wield sophisticated tools, exploiting the digital ecosystem's rapid evolution. According to Rapyd’s 2024 State of Payments: High-Opportunity Industries Report,…
What Is the Employment Allocation of Tips Act 2023? To ensure fair treatment of hospitality workers and transparency in tipping practises, the UK government passed the Employment (Allocation of Tips) Act 2023. Set to come into effect on 1 July…
The Power of Global ACH and RTP As payment methods advance from traditional banking to digital platforms, there is a shift towards faster, more reliable and cost-effective transaction solutions and a growing need for cross-border payment solutions like global ACH…
Why businesses need a directly licensed card acquirer. With the global digital payments market projected to reach 8.94 trillion USD by 2027, there’s a growing demand for payment service providers to facilitate seamless financial transactions worldwide. Payment service providers have…
Sending money to Visa and Mastercard debit and credit card holders is easier than ever. Businesses around the globe are turning to card payouts using Visa Direct and Mastercard® Send™ to accelerate the speed at which payouts are made and…
What is Merchant Onboarding? Merchant onboarding involves integrating your business with a payment service provider (PSP) or payment gateway. It is about setting up your business to securely and effectively manage customer payments. This process directly impacts operational efficiency, customer…
What are Merchant Services? Merchant services offer a variety of financial solutions that help businesses easily accept and manage electronic payments, focusing mainly on credit and debit card transactions. These services include secure payment processing, fraud prevention, payment management tools,…
The Emergence of Payment Service Providers The 1990s internet boom required new payment solutions for online transactions, sparking the growth of companies specializing in payment processing and gateways. By the 2000s, direct integration of merchants with these gateways had become…
Rise in Payment Popularity Initially utilized for purposes like loyalty schemes and marketing, QR codes have found their hold in the realm of contactless payments. Thanks to camera-equipped smartphones, QR code payments are a trending payment method for consumers, offering…
The Evolution of Merchant Acquirers With the development of eCommerce in the mid-1990s, the merchant acquiring sector underwent more changes. Banks like Wells Fargo and Bank of America led the charge by introducing online payment processing services. This separation of…
The Rise of QR Code Payments for Cross-Border Transactions Once a niche alternative payment method, QR codes are a rising payment staple worldwide. They've taken China by storm, capturing over 90% of the mobile payment market. In India, this scan…
Revenue, revolutionised If you're wondering what's next to take your website’s sales up a notch, consider an AI chatbot. Picture a tool that not only engages your customers but significantly boosts revenue. AI chatbots are becoming a must-have upgrade. In…
Efficiently moving money between accounts and banks plays a crucial role in the modern business landscape. Whether it's for payments to suppliers, workers or other beneficiaries, the choice of payout method significantly impacts your business's costs, cash flow and the…
Adapting to Next-Gen Consumer Expectations Retailers must rethink their online sales operations to prioritize confidence and trust with the next generation of online consumers. Thanks to eCommerce, shopping is easier than ever, but let's face it, it's not perfect. Customers…
Rapyd is the best online payment processor for businesses who want a local acquiring partner in Europe and Singapore and who want to accept international payments using credit cards and alternative payment methods globally. In this article, we’ll walk through…
Explaining the pay-by-bank advantage for merchants. In the ever-evolving digital payment landscape, "pay by bank" is emerging as a favorite alternative payment method, offering both security and convenience. This method, rooted in the concept of open banking, is gaining traction,…
A point of sale terminal is more than just a tool to process sales. It's a defining part of your retail experience, offering insights, efficiency, and convenience. From the rhythmic "cha-ching" of James Ritty's 1879 cash register to today’s barcode…
Payment gateway vs. payment processor: What's the difference? "Payment Gateway" and "Payment Processor"? Sounds like tech jargon, right? So, what's the difference between a payment processor and a payment gateway, and which does your business need? What Is a Payment…
Learn About the Cost-Effectiveness, Efficiency and Flexibility of Virtual Terminals Virtual payment terminals, online applications that let businesses securely process card payments from their computer or mobile device shake up the traditional card machine landscape. Are you aiming to broaden…
Unlocking supply chain resilience: harness risk management, streamlined payments, and innovative logistics Summary: This article explores the strategic importance of supply chain risk management, optimized supply chain payments, and efficient logistics payment methods in enhancing operational efficiency. It provides insights…
Effectively combine physical and digital ecommerce channels to increase customer satisfaction and revenue growth Welcome to the age of Phygital eCommerce, where stepping into a clothing store means trying on a virtual wardrobe in a holographic mirror, allowing you to…
