The merchant acquiring model has undergone many changes since the introduction of the first general-purpose credit card in 1958. Back then, acquiring banks were responsible for finding merchants and signing them up to accept consumer payments using those cards. In the 1990s, independent sales organizations...
The right payment infrastructure can mean the difference between one less click on the way to checkout and therefore one more sale, says Volusion CEO Troy Pike in this month’s “Payments Orchestration Tracker.”
The pandemic brought merchant aggregators — marketplaces that onboard and provide crucial platforms for individual merchants — to the forefront of the payments ecosystem. Demand continues to generate new, more specialized digital marketplaces, but the proliferation of diverse payment systems worldwide means that platforms are...
Keeping transaction success rates high is a crucial part of digital business operations, especially during the pandemic. Consumer spending has plummeted since the pandemic began, leaving merchants scrambling to improve their sales figures and ensure that the transactions they initiate are processed without issue. Consumers...
April 29, 2024
Moving a business online can be rewarding as enterprises reach broader audiences, sometimes global in scope, and expand their revenue opportunities with online payments. But challenges persist, whether it’s a small bakery establishing a digital storefront or a high-end computer retailer offering the ultimate “build it or buy it” online shopping experience. An ideal customer […]
September 18, 2023
The merchant acquiring model has undergone many changes since the introduction of the first general-purpose credit card in 1958. Back then, acquiring banks were responsible for finding merchants and signing...
December 16, 2022
The pandemic brought merchant aggregators — marketplaces that onboard and provide crucial platforms for individual merchants — to the forefront of the payments ecosystem. Demand continues to generate new, more...
July 20, 2020
By most reports, the financial infrastructure held up well during the pandemic’s digital shift, just as the internet itself proved to be a reliable utility, despite unheard-of traffic testing the...
