Tag: payment

  • 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 […]

  • 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 […]