Category: Financial Services

Marketplaces payments and PayPal

Posted on by dkkatyal

Marketplaces present unique challenges for payments. These platforms create experiences that promote discovery, search, selection, payments, fulfillment, and dispute resolution. Multiple sellers or providers interact with multiple buyers engaging in pre-sales, sales, and post-sales activities. These result in many to many relationships, which the marketplaces try to standardize so that the buyers form a preferential Read more about Marketplaces payments and PayPal[…]

Invisible Payments and Conversational Commerce

Posted on by dkkatyal

I was reading the Finextra’s report on UK SMEs losing £1.6B by not accepting invisible payments or supporting conversational transactions. So, I had to dig in and find out what these are, and this is what I found Invisible payments – One of the first instances where the term emerges. It refers to a situation Read more about Invisible Payments and Conversational Commerce[…]

Potential for distributed ledger technologies

Posted on by dkkatyal

A report by Her Majesty’s government’s Chief Scientific Advisor sees an opportunity to use DL to reduce fraud, risk, corruption, and cost paper-intensive processes. Another report by Accenture published in Jan 2017, highlights key drivers of savings with blockchain. Blockchain technology could reduce infrastructure costs for eight of the world’s 10 largest investment banks by an Read more about Potential for distributed ledger technologies[…]

Choosing a Merchant Service Provider – Part Three

Posted on by dkkatyal

This is part three of the series of how to choose a merchant service provider. It deals with the aspects of integration into your business processes. Factor Three: Business Process Integration Your business requires you to interact with your customers in many different ways Front office refers to where you have a direct interaction with your Read more about Choosing a Merchant Service Provider – Part Three[…]

Choosing a Merchant Service Provider – Part Two

Posted on by dkkatyal

This is part two of the series explaining how to choose merchant service provider. It deals with the 2nd factor of which payment types are supported. Factor Two: Payment Types Credit cards/ signature debit cards – These are the most common types of payments that merchant services support. Signature debit cards are the same as credit Read more about Choosing a Merchant Service Provider – Part Two[…]

Choosing a Merchant Service Provider – Part One

Posted on by dkkatyal

In the market for a merchant service? If so, you may find the following useful. What should be a relatively straightforward process of selection based on fees and features instead is a nightmarish walk through a minefield of hidden fees, deceptive sales practices, and poor customer service. Hopefully, this article will help mitigate some of Read more about Choosing a Merchant Service Provider – Part One[…]