Shoppers Prefer Using Mobile Devices For Paying In-Store

According to Mobile Ecosystem Forum’s annual Mobile Money Report, a recent survey in the field shows that 18% of shoppers turn to their phones to pay in-store, and 2 years ago this number was just 8%. 6.000 consumers in 9 countries were asked about their preferences concerning mobile payments. The research shows: 38% of Chinese

The Importance Of Security And Fraud Prevention For Payment Processing

The Internet of Things is making the world more digitally driven and digitally connected. It’s estimated 50 billion smart devices will be used all over the world by 2020. Of course, this will highly add to the convenience of making payments, enabling consumers to easily pay how they want and when they want. However, the

What is High Risk ACH Processing?

Thanks to technology and new innovations, business is continuously evolving. This includes an increased movement toward an electronic, mobile infrastructure. ACH (Automated Clearing House) plays a huge role in this. What is ACH? ACH is a network the was established for financial transactions within the U.S. This network makes it possible for various banks to

EMB Offers Same Day ACH Processing Through Multiple ACH Partners

The Automated Clearing House (ACH) Network is the main network that processes much of the financial transactions in the US. ACH Processing Thanks to the ACH Network, money and information can be sent from one bank account to another through Direct Deposit and Direct Payment via ACH transactions. The latter transactions include: ACH credit and

Recent Report On How Emerging Markets Affect Alternative Online Payments

Based on the report by yStats.com, the global e-commerce market is no longer dominated by payments made via credit cards. yStats.com is one of the world’s leading secondary market research companies. Emerging markets contribute to global online retail revenues. On the other hand, online consumers in advanced markets show changing preferences. All these factors made

Directive On Payment Services (PSD2) and Customer Authentication

The revised Directive on Payment Services (PSD2) is to be implemented in January 2018. PSD2 is going to introduce new rules focused on opening access to payment account information to 3rd parties. The Payment Services Directive (PSD, 2007/64/EC) is an EU Directive, administered by the European Commission (Directorate General Internal Market) to regulate payment services