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Bitcoin, the pioneering cryptocurrency, has transcended its role as a mere asset for investment to become a viable medium of exchange for a diverse array of goods and services worldwide. As businesses from various sectors jump on the digital currency bandwagon, the opportunities to use Bitcoin for everyday and luxury purchases are expanding. Here’s a … Read more

What is the point of further using ATMs, especially in a payments environment that many say is becoming increasingly less reliant on cash? We answer that question in this article by first acknowledging that there are myths in payments — lots of myths. Take, for example, the myth that millennials are forsaking cash. Another, even … Read more

Making business online or launching an Internet-based store for ecommerce purposes requires dedicated financial solutions for accepting and processing payments made by the customers. Payment gateways, payment service providers and acquiring banks are just some of the categories to select from when starting an ecommerce company. Meantime, many merchants prefer partnering with payment aggregators, as … Read more

In 2017, the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global leader in financial messaging services, took a significant step toward modernizing and streamlining cross-border transactions. This initiative came in the form of a proof of concept (PoC) that aimed to explore the potential of blockchain technology, particularly its application in improving the efficiency … Read more

While the global level of cash payments still remain very high at the level of 85% of all consumer transactions, the world is steadily pacing towards cashless society concept. Banks providing check and card payment processing have long been in the forefront of cashless transactions with online and mobile payment systems successfully squeezed into the … Read more