Chandler C.’s Post

Digital payments solutions are impacting the way that businesses make and process transactions. Thank you The Fintech Times for this overview of virtual card numbers (VCNs) in the commercial payments space alongside this interview of Marcos Gelfi, VP, Commercial and Cardholder Products, at Discover Global Network.  #DiscoverEmployee #B2B #Payments #Digital #Technology #VCN #VirtualCardNumbers 

💳 The payments industry is undergoing an incredible transformation, and it’s exciting to witness how quickly the landscape is evolving. Traditional card payments are being redefined by innovations such as account-to-account (A2A) payments, real-time payment systems, and biometric payment solutions. These technologies are setting new standards for security, efficiency, and convenience—benefiting both consumers and businesses. The rapid rise of Buy Now, Pay Later (BNPL) services also highlights the growing demand for flexible, consumer-centric financial products. Check out the latest insights in the Payment Ecosystem Report 2024, prepared by our Paris Fintech team, and learn more about the trends shaping this exciting sector. 👉 https://lnkd.in/dRRkTF8j #PaymentsInnovation #PNPTCFintech #Payments2024 #FintechInnovation #BNPL #RealTimePayments #BiometricPayments #A2APayments #FinancialServices #PNPTCFintech

Difference between Payment Payment Gateway and Payment Switch: Payment Gateway: Facilitates online transactions by connecting a merchant's website to the acquiring bank. 1. Ensures secure authorization and encryption of payment details. 2. Provides an interface for merchants to input transaction details. 3.Key for online retailers to accept payments directly from customers. Payment Switch: 1. Operates behind the scenes, routing transactions between different financial institutions and networks. 2. Ensures smooth and efficient processing and settlement of funds. 3. Manages the complex flow of transactions across various channels and institutions. Together, gateways and switches form the backbone of seamless and secure digital payments. #FinTech #PaymentGateway #PaymentSwitch #DigitalPayments #Ecommerce #OnlineTransactions #SecurePayments #FinancialTechnology #MerchantServices #PaymentProcessing #BankingInnovation

𝗖𝗫 𝗣𝗮𝘆𝗠𝗲 𝗲𝗪𝗮𝗹𝗹𝗲𝘁: 𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝘆𝗶𝗻𝗴 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗘𝘃𝗲𝗿𝘆𝗼𝗻𝗲 💸🔗🌍 At CX Pay B.V., “We Know Payments” is more than just a statement—it’s a promise we have delivered on since 2016. Whether you are a Micro or Nano merchant, a Small and Medium Enterprise (SME), or an everyday consumer, CX PayMe is designed to meet your needs! With CX PayMe, most bank account holders can easily transfer funds between accounts. Whether you are managing business transactions or personal payments, our eWallet makes it seamless. 𝗞𝗲𝘆 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀: • 𝗙𝗼𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀: Accept payments and transfers effortlessly using a QR code.📲 • 𝗙𝗼𝗿 𝗨𝘀𝗲𝗿𝘀: Enjoy fast, secure, and simple transactions, no matter your bank. 💳 No compatibility issues—CX PayMe can work with all banks, making payments accessible to everyone. Stay tuned for 4+ new features that will revolutionize how you manage your money. With CX PayMe, it’s not just about payments; it’s about empowering your financial management. 𝗖𝗫 𝗣𝗮𝘆𝗠𝗲 𝗶𝘀 𝗻𝗼𝘄 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗳𝗼𝗿 𝗱𝗼𝘄𝗻𝗹𝗼𝗮𝗱! Join the CX PayMe revolution and discover a new way to pay and get paid! #CXPay #CXPayMe #eWallet #FintechInnovation #DigitalPayments #CashlessSolution #DutchCaribbean

𝗖𝗫 𝗣𝗮𝘆𝗠𝗲 𝗲𝗪𝗮𝗹𝗹𝗲𝘁: 𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝘆𝗶𝗻𝗴 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗘𝘃𝗲𝗿𝘆𝗼𝗻𝗲 💸🔗🌍 At CX Pay, “We Know Payments” is more than just a statement—it’s a promise we have delivered on since 2016. Whether you are a Micro or Nano merchant, a Small and Medium Enterprise (SME), or an everyday consumer, CX PayMe is designed to meet your needs! With CX PayMe, most bank account holders can easily transfer funds between accounts. Whether you are managing business transactions or personal payments, our eWallet makes it seamless. 𝗞𝗲𝘆 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀: • 𝗙𝗼𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀: Accept payments and transfers effortlessly using a QR code.📲 • 𝗙𝗼𝗿 𝗨𝘀𝗲𝗿𝘀: Enjoy fast, secure, and simple transactions, no matter your bank. 💳 No compatibility issues—CX PayMe can work with all banks, making payments accessible to everyone. Stay tuned for 4+ new features that will revolutionize how you manage your money. With CX PayMe, it’s not just about payments; it’s about empowering your financial management. 𝗖𝗫 𝗣𝗮𝘆𝗠𝗲 𝗶𝘀 𝗻𝗼𝘄 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗳𝗼𝗿 𝗱𝗼𝘄𝗻𝗹𝗼𝗮𝗱! Join the CX PayMe revolution and discover a new way to pay and get paid! #CXPay #CXPayMe #eWallet #FintechInnovation #DigitalPayments #CashlessSolution #DutchCaribbean

Did you know contactless in-store payments in Europe are projected to reach a market value of US$224.12 billion in 2024? 💳 Businesses must ensure they’re providing the best possible payment experience for their customers, while maintaining their profitability and improving their conversions. Grab your morning coffee and download emerchantpay's latest report to discover the latest industry and consumer trends now: https://bit.ly/4a4AMsb #eCommerce #onlinepayments #localpayments #innovation #fintech

Experience seamless and secure transactions with ULIS Fintech's innovative payment gateway solution today! #fintech #paymentsolutions #ecommerce #digitaltransactions #onlinepayments #securepayments #paymentprocessing #financialservices #ULISFintech

🇬🇧Great to be back in London for #pay360 with my esteemed Brite Payments colleagues, Jasper Scheffer and Paul Myatt. ❓Come and find us if you want nuanced answers to burning questions like… * How can merchants drive consumer adoption for #openbanking powered payments, in a cost efficient way i.e without going straight to discounts and rewards? (This seems to have become the conventional wisdom). * What use cases are getting the most traction, and why? (Hint : it differs by region) * What does a successful implementation of open banking / Pay by Bank look like and what are the timescales? (Direct integrations via API are an alternative to going via your PSP) Cc: The Payments Association

Money exchange has always hinged on trust and reliability. The legitimacy of money is shaped by society's belief in its value, paving the way for payment evolution—from cash to credit cards, and now to UPI, open banking, and cryptocurrencies. Card networks like Mastercard and Visa have longstanding success for 75 years, thanks to Frank McNamara’s Diner’s Club card in 1950, which set the stage for secure digital transactions. Key factors in their success include: 1.     Distribution network with global adoption (Same-Side And Cross-Side Network Effects) 2.     Exclusivity (A premium feel that aids customer acquisition) 3.     Brand Perception and Trust (Strict onboarding for banks to minimize risks) 4.     Seamless User Experience (Quick, easy payments and reversals) More than just strategy, their lasting success comes from payment inertia and the vested interests of all stakeholders: 1.     Banks: Larger customer base, customer loyalty and revenue from card transactions. 2.     Customers: A convenient, faster way to pay, both in-person and online, without the need to carry cash. 3.     Merchants: More customers with reliable payment systems in lesser TAT. However, there’s a growing interest in alternative payment methods. According to Omdia’s 2025 IT Enterprise Insights Survey, over a third of payment issuers and acquirers are focusing on options like digital wallets and cryptocurrencies. It’ll be fascinating to see how these giants pivot and adapt their strategies in the evolving paytech landscape. The good news is that card networks are in the enviable position of being able to foresee market trend shifts and invest accordingly. After all, changes in payment patterns don’t happen overnight. #paytech #fintech #cardnetworks

Contactless in-store payments are set to triple in market size in Europe between 2020 and 2024, with this projected to reach a market value of US$224.12 billion by 2024. It's vital for businesses to integrate localised payment methods seamlessly into their payment strategies. 💰 Download emerchantpay's latest report and stay ahead of the curve in the payments space: https://lnkd.in/eu_Amu2c #eCommerce #payments #innovation #fintech