PYMNTS-MonitorEdge-May-2024

payment processing

A payment processor is a company appointed by a merchant to handle transactions from various channels such as credit cards and debit cards for merchant acquiring banks. They are usually broken down into two types: front-end and back-end.

Source: en.wikipedia.org

DOJ Looks At Possible Wirecard Role In Purported $100M Bank Fraud
DOJ Looks At Possible Wirecard Role In Purported $100M Bank Fraud
July 08, 2020  |  Security & Fraud

Adding to the series of legal difficulties for Wirecard, the Justice Department is looking to see if the German payments company had an essential part in...

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Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
July 05, 2020  |  Security & Fraud

As details about the failed management of Wirecard AG unfold, it becomes clear that the company’s core business has been losing cash for years, the...

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UK Digital Banking Apps Affected By Wirecard Subsidiary Freeze
UK Digital Banking Apps Affected By Wirecard Subsidiary Freeze
June 29, 2020  |  Security & Fraud

After the U.K.’s Financial Conduct Authority (FCA) mandated that Wirecard’s British Wirecard Card Solutions unit stop conducting regulated work, a number of consumers in the...

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The Keys To Modernizing B2B Payments: Standards And Starting Small
The Keys To Modernizing B2B Payments: Standards And Starting Small
June 16, 2020  |  Payments Innovation

The holy grail of payments modernization can be boiled down into to one word: standardization. As the financial services industry seeks to expand the use...

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FTC Bans Rogue Payment Processor In Settlement Over Alleged Scams
FTC Bans Rogue Payment Processor In Settlement Over Alleged Scams
June 09, 2020  |  Security & Fraud

A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal...

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Harnessing ERP Software And AP Automation’s Combined Power
Harnessing ERP Software And AP Automation’s Combined Power
February 26, 2020  |  Accounts Payable

Successful companies know they must be agile and flexible to meet customers’ ever-changing demands, forge valuable long-term supplier relationships and operate smoothly. Many are turning...

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Oracle On ERP And AP Automation Integration
Oracle On ERP And AP Automation Integration
February 25, 2020  |  Accounts Payable

Legacy enterprise resource planning (ERP) systems can both drain businesses' time and resources and make accounts payable (AP)  processes overly complicated. But, integrating ERP and...

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Oracle: Overcoming ERP-AP Integration Inertia
Oracle: Overcoming ERP-AP Integration Inertia
February 24, 2020  |  Accounts Payable

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. Firms looking to strengthen their interactions with...

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WEX Rides Fuel Business And Healthcare To Solid 2019 Earnings
WEX Rides Fuel Business And Healthcare To Solid 2019 Earnings
February 13, 2020  |  Earnings

Payment processing was good to financial transaction provider WEX in 2019, as the company reported double-digit growth for the year in its earnings report today....

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