Customers can now pay online via their bank accounts with Bank of America’s new ‘Pay by Bank' feature, which means no credit/debit card or user setup is needed. This Open Banking product provides a simpler, faster, and safer checkout experience. However, the adoption of the service is limited mainly in the...
The Future of Payment Card Interchange Fees Post-Settlement
For years, businesses have struggled with high credit card processing fees, feeling stuck with little control over the costs. Now, a major settlement with Visa and Mastercard is set to bring some relief—but with strings attached. While the agreement promises lower interchange fees, more flexibility in payment choices, and new surcharge rules,...
What are Payment APIs And How Can It Benefit Your Business?
In today's digital age, businesses are constantly seeking ways to streamline their operations and enhance customer experiences. One crucial aspect of any business is the ability to accept payments seamlessly and securely. This is where Payment APIs come into play. Payment APIs, or Application Programming Interfaces, are tools that enable...