Adflex STP 3.0 enables virtual card payments and invoice information to be sent via an API call or a secure email directly from the enterprise resource planning system of the buyer.
More than 1,000 active deployments in over 70 countries use NEC facial recognition technology, including police departments, immigration control agencies, national ID systems, banks and stadiums.
Credit, debit, prepaid and Supplemental Nutrition Assistance Program (Snap) electronic benefits transfer (EBT) are the four card-based payment methods.
Credit, debit and prepaid consumer and commercial cards in circulation with global brands issued by the top 50 grew to 7.03 billion.
PSCU and Co-op Solutions will begin integrating their operations in 2024 to create a single set of products and services. That process will take up to 24 months.
In the US, around 35 million used cars are purchased by dealers annually. Of those purchases, Carment estimates 2 million would benefit from an instant payout.
Countries in which both domestic-only credit and debit card products are issued include South Korea (eight bank brands), Brazil (Elo), Russia (Mir), India (RuPay) and Turkey (Troy).
The 10 largest issuers accounted for 58.7% of purchase volume in 2022 among the top 150. The 5 issuers from China dominated the top 10.
Payment card shipments in 2022 by manufacturer were published in issue 1251.
The ability to provide virtual card payments for BNPL transactions has opened a new opportunity for card account processors. Increasingly, online and in-store retailers feel compelled to provide their customers with real-time credit decisioning so they can deliver instant approval for a BNPL transaction at the time of purchase, even when they’ve had no prior relationship with the consumer.