The Clearing House’s Post

This Black Friday, give your customers the gift of flexible financing! Finance Mutual's payment solutions make it easier than ever to close sales and boost revenue. Let’s make this your most successful holiday season yet! #FinanceMutual #BlackFriday #FlexiblePayments #FinancingOptions #PaymentSolutions

CHIPS® smashed through a payments record on Black Friday, clearing and settling 1,083,550 payments valued at $2.63 trillion. This record volume is a result of: Global Activity: CHIPS® handles most USD payments linked to international transactions. Many of these came from foreign banks that don’t observe U.S. Thanksgiving, adding to the volume surge. Month-End Boost: CHIPS also tends to see higher volumes on the last business day of a month, which happened to be Black Friday this year. Tech Upgrade: Since adopting the ISO 20022 standard in April, CHIPS® has seen growing volume. Read more: https://lnkd.in/gndMqV-q #Payments #BlackFriday #CHIPSPayments

🛒 Is your business set for Black Friday? Open Banking can help you cut down on payment returns, boost security, and achieve stronger sales results. Learn how DPMax can make a difference in your Black Friday performance. Read more here: https://lnkd.in/g56nv9iV #BlackFriday #OpenBanking #Ecommerce #AlternativePayments

Black Friday is just behind us – a day when retailers maximize sales and captivate customers. But for banks, the real “Black Friday” is yet to come: On January 1, 2025, CRR III comes into force. This date will shake up the banking world just as Black Friday does for retail – not with discounts, but with capital efficiency and compliance excellence.  While many financial institutions view the new regulations as a burden, the real winners will see them as a once-in-a-generation opportunity. CRR III is not just about compliance; it’s about positioning your institution for the future: Those who act now can redefine their operational efficiency, strengthen balance sheets, and set the foundation for long-term growth in an increasingly competitive market.  And how? With FinAPU SCRA, institutions can optimise their risk weightings - precisely, automatically and at lightning speed.  ✔ Calculation of SCRA levels – reduce risk weights by up to 70% ✔ Due diligence checks – including integration of internal ratings as reference assessments ✔ Increased compliance and efficiency – thanks to automated, audit-proof processes ✔ Fast implementation – ready to use in 48 hours Use the last 30 days to prepare for 2025. With FinAPU SCRA, banks not only save capital, but also strengthen their competitiveness. 👉 Learn more now: https://lnkd.in/dUURUAkH #CRR3 #Efficiency #Banking #FinAPU

Credit card companies have a 50% profit margin and consumers are in debt to the tune of $1.10T with some faced with an I nterest rate is close to 28%. Beyond the first credit check, they don’t care if you amass tremendous debt. When I worked at Affirm this is what they strove to help shoppers avoid. The next time you go to check out, start with Affirm. They help you avoid debt you can’t manage. By the way, if they tell you you can’t afford the purchase, maybe you should listen. https://lnkd.in/g7DB6hjU

Stay in the know with #payments by checking out this weeks #WeekendReads 1. Real-Time Payments Growth & Adoption: What It Means For SMBs https://lnkd.in/gKiCBu9P / Fit Small Business 2. Where Check Fraud Is Driving Businesses To Adopt Digital Payments https://lnkd.in/gehBhzfi / American Banker 3. The Clearing House Reports 8% Growth In Real-Time Payments in 2023 https://lnkd.in/eMWuF5bF / PYMNTS 4. Time Will Tell On How Soon Pay By Bank Goes Mainstream https://lnkd.in/gR5eKXZq / Digital Transactions 5. Walmart Puts Its Own Stamp on BNPL https://lnkd.in/evBkZ3Uw / PaymentsJournal

🚨 Don’t Miss the SWIFTNINE Black Friday Frenzy! 🚀 Exclusive deals on fast, secure payment solutions to transform your business. Hurry, these offers won’t last! 🖤  #BlackFridayWithSWIFTNINE #SecurePayments #UnlockSavings  #PaymentSolutions #BusinessGrowth #BlackFridayDeals #SwiftNineDeals #TransformYourBusiness #worldwide

This past Black Friday, consumers spent a record-breaking **$75 billion**, with **$39.75 billion** of that on credit cards. But here’s the kicker: merchants lost an estimated **$1.19 billion** to credit card processing fees (averaging 3%). For small businesses, these fees add up fast and cut into profits. Isn’t it time to explore better payment solutions? Let’s connect to discuss how to reduce these costs and keep more of your revenue.

Understanding financial literacy is crucial, especially during high-spending events like Black Friday! 🛍️ The Infinite Banking Concept (IBC) allows you to become your own banker, utilizing whole life insurance to build wealth and fund purchases. By investing in IBC, you can access cash value for shopping without accumulating debt. 💸 This approach promotes financial independence, encouraging you to make informed decisions that benefit your long-term financial health. This Black Friday, consider how your investments today can secure a brighter future. Invest wisely and approach your spending with intention #1024wealth #infinitebankingconcept #infinitebanking #beyourownbanker

How can platforms manage diverse payment methods and currencies as they expand globally? We're discussing this and more at our upcoming breakfast at The Ivy with Adyen. Join us on Wednesday, 19th Jun, at 8:30 am. https://bit.ly/3JtdVdW #DigitalInnovation #PaymentSolutions #StrategicPartnership