A chargeback fee is charged to merchants when a customer complains about a transaction and the issuing bank rules in the customer's favor. Both offline and online transactions can result in businesses being typically charged chargeback fees. Even…
The conventional "one-size-fits-all" approach to banking is no longer sufficient in the ever-changing digital world of today. Consumers anticipate experiences that are customized to their financial requirements; this is where hyper-personalization in banking enters the picture. Hyper-personalization, driven…
The smooth movement of commodities across borders is essential for companies of all sizes in the modern global economy. The commercial invoice is one document that is essential to international trade. More than simply a piece of paper,…
The business landscape in India is evolving and businesses need to open a business bank account for smooth financial transactions. Be it a small or large organization, the business bank account is a compulsion, not just good to have.…
The number of genuine transactions that are mistakenly denied is rising as the number of online transactions increases over time. Because dissatisfied consumers are more likely to abandon their shopping carts and switch to rivals, these "false declines" can…
As the online payment arena continues to evolve at a breakneck pace, merchants are confronted with ever more competing models of managing payments. One model that has revolutionized how merchant boarding and payment transaction processing are managed is that…
Payments are the means of transforming one business into another because they mean evolution in payments among customers. An example different from the other modern payment types is MOTO payments, that is Mail Order/Telephone Order payments. Though e-commerce…
The BNPL industry has changed consumer shopping processes and selling procedures of companies. BNPL services have made the payment facilities elastic, thus they are the focal point for e-commerce businesses as well as retail sectors worldwide. IBNR predicts…
In today's digital world, it is essential to ensure the security of online transactions. Biometric payments are a ground-breaking innovation that provides increased security and convenience. This state-of-the-art technology uses distinctive physical characteristics, such as fingerprints or facial…
As the world is seriously going digital, any business needs to offer frictionless, flexible, and consistent payment experiences. Omnichannel payment empowers it to go where the customer is just to make sure he or she will have the ease…
