Payment Industry Trends – The Future is Now
The financial services industry is currently transforming into a completely digital sector, with payments being one of the key areas experiencing rapid growth. Consumers have a variety of alternative payment options to select from, including open banking, e-wallets, mobile payments, prepaid cards, and distributed ledgers, which all derive from major industry trends.
Keep on reading to discover the most important payments trends at the moment.
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How to Build a Payment Gateway
Nowadays, many businesses have become interested in creating a payment gateway to process payments safely, but many of them do not fully understand the size and scope of building a payment gateway from scratch. This is the main reason why several businesses have misconceptions about the steps involved in setting up and running a payment gateway.
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How Blockchain Can Reduce and Prevent Payment Fraud
We live in a digital era, where we are using technology daily. And in this technological age, fraud is an increasing concern for businesses all over the world. But the fraud detection capacities that many companies are looking for, could be performed by a cutting-edge technology called Blockchain.
Blockchain is a shared ledger that is decentralized and immune to manipulation. It enables confirmed users to store, view, and share digital information in a security-rich setting, which serves to promote trust, accountability, and transparency in business relations. Attempting to gain on these benefits, companies have been searching for ways to use Blockchain technology to prevent fraud in industries such as finance, identity management, and supply chain.
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How to Integrate a Payment Gateway Into Your Website
Payment Gateway – What is it?
A payment gateway represents a software app or service that manages credit cards and other transaction forms for e-commerce retailers and businesses in the same manner as a POS system does for a physical store.
A payment gateway’s primary mission is to handle credit card information of online customers dropping to your e-commerce store.
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