Search Results for: payment system

Banking Digital Payments Featured Finance Fintech

Zero-Latency Payment Systems: A Peek at Event-Driven Architectures in Real-Time Transactions

Prajakta Ayade
by Prajakta Ayade0
Efficiency and speed are at the heart of innovation, particularly in the financial sector. As the demand for seamless, instantaneous transactions grows, the concept of zero-latency payments is gaining prominence. These systems aim to provide near-instantaneous transaction processing, eliminating the delays traditionally associated with payments. At the core of these......
Banking Blockchain Digital Payments Featured Finance Fintech

Improving Financial Inclusion through Innovative Payment Systems

Prajakta Ayade
by Prajakta Ayade0
Financial inclusion is the process of ensuring that all individuals and businesses have access to affordable financial products and services. This includes payments, savings, credit, and insurance, all delivered in a responsible and sustainable way. Over the past decade, innovative payment systems have played a pivotal role in advancing financial......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech

How Are Modern-Day Software Companies Shaping the Future of FinTech and Payment Systems?

Prajakta Ayade
by Prajakta Ayade0
The financial technology (FinTech) sector has witnessed explosive growth in recent years, driven by rapid advancements in digital technologies and a shift towards a more connected, cashless economy. At the heart of this transformation are payment systems, the mechanisms by which money is transferred between parties, whether consumers, businesses, or......
New Research Reveals 66 Percent of Global Travel Companies See Their Fragile Margins Eroded by Inefficient Payment Systems
Finance Fintech News

New Research Reveals 66 Percent of Global Travel Companies See Their Fragile Margins Eroded by Inefficient Payment Systems

Business Wire
by Business Wire0
Airwallex and Skift research finds nearly two-thirds (66 percent) of travel executives believe inefficient payment systems are harming their profits 70 percent find cross-border customer payments are more challenging due to new payment methods, despite this activity making up at least a quarter of their revenues Upgrading payment technology is......
Talino, Chemonics Invest in Startup Higala, the Philippines’ Pioneering Inclusive Instant Payment System
Digital Payments News

Talino, Chemonics Invest in Startup Higala, the Philippines’ Pioneering Inclusive Instant Payment System

PR Newswire
by PR Newswire0
Talino Venture Studios, an award-winning global venture studio for sustainable innovation, and Chemonics International, a leading sustainable development firm, have launched and seed-funded Higala, the pioneer startup Inclusive Instant Payment System (IIPS) in the Philippines. As an IIPS, Higala will serve as a financial superhighway that will connect thrift banks, rural banks, and microfinance institutions that are currently excluded from payment networks because of high switching and on-ramp costs. Despite the presence of 400 rural banks in the Philippines, only a mere 18 are part of InstaPay. This highlights a significant challenge:......
Venom Blockchain and United Network Forge Strategic Partnership to Power Next-Generation Payment Systems
Blockchain News

Venom Blockchain and United Network Forge Strategic Partnership to Power Next-Generation Payment Systems

PR Newswire
by PR Newswire0
Venom Blockchain and United Network have joined their strengths to create a revolutionary blockchain-powered payment infrastructure in a groundbreaking move that could redefine the future of global payments. This unique partnership aims to harness the speed and security of blockchain to transform the use of Central Bank Digital Currencies (CBDCs)......
WiMi Developed a New Cryptocurrency Payment System Model Based on Polygon Blockchain
Cryptocurrency Digital Payments News

WiMi Developed a New Cryptocurrency Payment System Model Based on Polygon Blockchain

PR Newswire
by PR Newswire0
WiMi Hologram Cloud, a leading global Hologram Augmented Reality (“AR”) Technology provider, announced that it developed a new cryptocurrency payment system model based on the Polygon blockchain after realizing the huge potential of blockchain technology. The Polygon distributed ledger network has the advantage of being fast, improving the performance of......
Polish Mobile Payment System BLIK to Modernize and Expand into Romania and Slovakia with DXC Technology
Digital Payments News

Polish Mobile Payment System BLIK to Modernize and Expand into Romania and Slovakia with DXC Technology

PR Newswire
by PR Newswire0
DXC to develop existing platform to drive new business opportunities in new markets DXC Technology, a leading Fortune 500 global technology services provider, will support Polish Payment Standard (PSP) in the expansion of its mobile payment system, BLIK, into Romania and Slovakia. DXC will modernize and adapt the BLIK central system to meet......
BC Transit Introduces Modernized Fare Payment System in Victoria Using Cubic’s Umo Platform
Digital Payments News

BC Transit Introduces Modernized Fare Payment System in Victoria Using Cubic’s Umo Platform

Business Wire
by Business Wire0
Cubic Transportation Systems (CTS), a leading global provider of integrated transit solutions, is proud to announce the implementation of its Umo platform as BC Transit’s new automated fare collection system in the Victoria Regional Transit System. Riders will benefit from account-based ticketing and contactless payment options, ushering in a new era......
Finzly Supports the FedNow® Service, Advancing U.S. Payment System
Digital Payments News

Finzly Supports the FedNow Service, Advancing U.S. Payment System

Business Wire
by Business Wire0
Finzly is among the first service providers supporting transaction activity for financial institutions on the service. Finzly announced it is now supporting live transactions on the Federal Reserve’s new instant payment rail, the FedNow Service. Finzly is among the first service providers supporting transaction activity for financial institutions on the service. Latest......
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