Tag: payment

  • Mortgage and Home Loan Options

    Mortgage and Home Loan Options

    Introduction: Buying a home is a significant financial decision, and for most people, it requires obtaining a mortgage or home loan. With numerous options available in the market, it can be overwhelming to navigate through the different types of mortgages and find the right one for your needs. This blog post aims to provide a […]

  • Credit card rewards programs and how to maximize them

    Credit card rewards programs and how to maximize them

    Credit card rewards programs offer an excellent opportunity for consumers to earn valuable points, miles, or cashback on their purchases. These rewards can help offset the cost of purchases or even fund travel, making them an attractive option for consumers looking to maximize their spending. Types of Credit Card Rewards Programs: Points Programs: Points programs […]

  • Open banking

    Open banking

    Open banking is a concept that refers to the sharing of financial data between different financial institutions and service providers through the use of application programming interfaces (APIs). It allows customers to give permission to third-party providers to access their financial information and make transactions on their behalf. Open banking aims to promote competition, innovation, […]

  • Next Level of Internet Banking

    Next Level of Internet Banking

    Internet banking has evolved significantly over the years, and the next level of internet banking is expected to bring about even more innovation and convenience for customers. Some of the key features that could define the next level of internet banking include: Mobile-First Approach: With the increasing use of smartphones, the next level of internet […]

  • 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 […]