Author: admin

  • THE IMPACT OF INTERNET BANKING ON BANK PERFORMANCE

    THE IMPACT OF INTERNET BANKING ON BANK PERFORMANCE

    Banking has come a long way from the time of ledger cards and other manual filing systems. Most banks today have electronics systems to handle their daily voluminous task of information retrieval storage and processing. Three or four decades ago, banking was a simple business; customers saved their money with banks and received their financial […]

  • Payment Transaction Flow

    Payment Transaction Flow

    In the simplest of terms, a transaction flow is the journey a payment takes from start to approval to settlement. Any time a person buys something using a credit card, it follows a stream or transaction flow, passing through many players before the payment is settled. Step 1: The customer purchases goods or services from the […]

  • What Are B2B Payments & How They Differ from B2C

    What Are B2B Payments & How They Differ from B2C

    The way you process B2B payments matters. To keep your company thriving, you need a fast, reliable method for collecting payments for services rendered. Understanding the intricacies of the B2B payments process and the solutions that can help will ensure that you’re never struggling to receive these payments. But with so many B2B payment solutions […]

  • What are online payments?

    What are online payments?

    An online payment can be simply defined as the exchange of money online, or the payment for goods or services over the internet. In effect, it’s just a means of processing transactions electronically, with the use of the internet to facilitate direct database connection between the part that is selling the product and the part that is […]

  • 5 Key Features Your Clients Want in your Payment Processing Software

    5 Key Features Your Clients Want in your Payment Processing Software

    The business landscape is constantly evolving, and so are the expectations of stakeholders in payments ecosystems across the world. The power of integrated payments is being felt by Merchants as it is increasingly meeting their business needs. However, having a payment solution that can support the business is not enough. What is required is a […]

  • 6 Key system capabilities required for a successful Payment Transformation

    6 Key system capabilities required for a successful Payment Transformation

    Consumers want fast, if not real-time, seamless services that can be readily accessible anytime and anyplace. However, legacy payments architecture is often constrained for its inability to be scalable and responsive to changing client demands. The need to remain competitive, operate efficiently, deliver more value, retain existing ones and acquire new customers, and meeting regulatory […]

  • How One payment platform can benefit your financial institution

    How One payment platform can benefit your financial institution

    Financial Institutions (FIs) operating in a given territory, often rely on acquiring complex systems to facilitate payment services delivery. The system might be too expensive to maintain and become outdated after some time, resulting in the difficulty to adapt to the dynamic needs of the business.  With fierce competition from digital only payment companies, a […]

  • 5 Key strategies for competitive advantage in payments

    5 Key strategies for competitive advantage in payments

    FIs compete for higher market share and customer base. In order to be profitable and continue to be relevant in the market place, your financial institution would need to implement competitive strategies to stay ahead. Making effective use of data: Leveraging data at its disposal will make your bank to derive actionable insights that will […]

  • How banks can transform payment services with one-payment solution platform

    How banks can transform payment services with one-payment solution platform

    A key reason for payment complexities is the utilization of legacy systems.  Such systems cause issues to crop-up in payment processing across many financial institutions, despite being part of a financial ecosystem. Enhancing payment processing with innovative technologies is essential for growth. According to a McKinsey survey, Banks that use technology to transform customer experience […]

  • How FIs Can reduce Customer Churn and Increase Loyalty

    How FIs Can reduce Customer Churn and Increase Loyalty

    Now more than ever, it has become important for every company to provide efficient customer experience in order not to loose customers to competitors. The situation is the same in the financial sector, where customers have choices and keeping them happy is key to ensuring their loyalty, which can become a tool for acquiring prospective […]