Clients can establish merchant accounts in Europe, Asia and the USA
Payvision, payment solutions provider in Global Card Processing for the e-commerce market, is partnering with ProPay, a Utah-based company in merchant services and End-to-End Payment Security (see press release). Payvision provides ProPay’s customers with one fully integrated solution, through which clients can establish merchant accounts in Europe, Asia and the USA. They aim to process transactions in those regions where cards are issued in an attempt to reduce cross-border and interchange costs. Both companies are keen for the benefits that may come from shared expertise and knowledge about risk management strategies.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
