Acquirers face a multitude of challenges in ecommerce today: technology shifting away from legacy systems, fulfilling dynamic merchant needs, fending off the rise of alternative payment methods, deploying solutions for fraud prevention, and many more.
Asia is surging ahead in the ecommerce game. It has a lot going for it, including an expanding middle class that’s predicted to number 1.7 billion by 2020, and a rapidly growing population of smartphone users.
Spain was landed with a unique set of challenges after the financial crisis, but could these developments have presented opportunities for players in the Spanish payments market (and beyond)? PaymentEye spoke to Gustavo Medina, general manager at TNS in Spain, to find out.
The remittance industry is a constantly evolving one, morphing from a simple cashless bartering system to the more technologically advanced developments that we see in the 21st century, which ironically seems to have taken the industry full circle back to an increasingly cashless society with the advent of fully virtual ‘crypto-currency’ platforms such as Bitcoin.
According to new research commissioned by global payments provider TNS, more than a quarter (28%) of people aged 25 to 34 have already made a biometric payment, and are leading the way in the take up of this new technology.
The hype might be soaring around fintech right now, but investing in the financial services of tomorrow is nothing new for legendary Silicon Valley startup accelerator Y Combinator (YC). From PayTextMe in its first batch over a decade ago, to the likes of Stripe, LendUp and WePay, Y Combinator has invested in some of the world’s most promising financial tech companies.
More than 70 per cent of payments in Italy are still made by cash. We spoke to Giovanni Mistè, regional vice president at TNS Italy, to find out how alternative payment players can make a splash in this unique market.
Balancing the need for regulation with allowing innovative ideas to flourish is tough, and nowhere more so than in finance. That’s precisely why the UK’s progressive approach to regulating fintech companies stands out in Europe and the wider world.
David Campoy, vice president and general manager for France, Germany, Austria, Switzerland, Benelux, Poland and Sweden at TNS, tells PaymentEye about the unique opportunities and challenges of the European payments market, and the company’s new conversion solution.
The European payments and fintech space has built strong momentum over the past couple of years, boosted by favorable regulation in key markets like the UK and surging investment in financial tech startups. But what needs to happen to sustain that growth, what role should the banks be playing, and what’s next for this industry?
PAY.ON, an ACI Worldwide company, delivers white label global payment gateway solutions to payment service providers, ISOs, acquirers, ISVs, and VARs, enabling them to fully outsource payment transaction processing or integrate a gateway-to-gateway solution.
Michael Kaplan, CRO and General Manager at PayNearMe
