Latest news with #paymentprocessing
FF News
2 days ago
- Business
- FF News
Sunbit Sees 6% Lift in Acceptance Rates With Checkout.com's AI-Powered Payments Technology
Sunbit has reported a 6% increase in customer approval rates after integrating AI-powered payment acceptance technology. This improvement highlights how artificial intelligence is revolutionizing the fintech landscape, especially in enhancing real-time decision-making and customer experience. Sunbit, which is already processing nearly $2B in loans per year at a 30% YoY rate of growth, needed to more effectively support future scale by partnering with to optimize its payment processing. Through its relationship with Sunbit noticed a 6% increase in payment acceptance rates and lowered the cost. This collaboration demonstrates the growing demand for AI-powered payment acceptance in retail, where speed and precision can influence conversion rates. Bill Walsh, Sunbit's Chief Customer Officer, said, 'At Sunbit, we believe in getting to 'yes.' Our tech solution has reached millions of people with financing choices that deliver transparency, great terms, and competitive value that merchants and customers love. In order to deliver this value, we need partners that can help us drive savings and optimization throughout the entire payment lifecycle. smart technology gave our team an easy and early reason to engage, but their collaborative and consultative approach to maximizing value is what led us to expand the relationship.' 'Sunbit technology is transforming how consumers access financing by building solutions that are efficient, inclusive, and built for scale. At we're proud to provide the payments performance and intelligence that underpin this experience,' said Antoine Nougué, Chief Revenue Officer at 'By leveraging our Intelligent Acceptance technology and deep acquiring capabilities, Sunbit has increased efficiency while lowering costs, demonstrating the power of aligning technology, expertise, and shared ambition to deliver better outcomes for merchants and their customers' One of the fastest growing financial technology companies in the country, Sunbit has built the leading pay over time technology in auto dealership services and healthcare markets including dental, as well as a no-fee co-branded card solution designed for retailers, and embedded its technology in leading SaaS, CRM and market platforms. Sunbit technology leverages Intelligent Acceptance — a product allowing analysis of transaction data across the network, turning these insights into real-time operational optimizations to improve payment acceptance rates. Combined with Real-Time Account Updater, which automatically updates a customer's card details when they change, and Network Tokenization, this has increased transaction-level acceptance rates while reducing processing costs. Sunbit's engineering and product teams worked closely with payment experts, who continuously monitor payment performance to fine-tune processes and identify opportunities for improvement. This led to Sunbit qualifying for a favorable interchange fee program. The strengthened partnership comes as deepens its investment in North America, having recently expanded operations in San Francisco to support rapid growth in the region. The company reported over 80% growth in the US in 2024 and continues to scale its team and capabilities to meet growing demand from enterprise merchants like Sunbit. For more information on Sunbit, visit:
Yahoo
3 days ago
- Business
- Yahoo
Stablecoin's Danger to Visa and MasterCard is Overblown, According to Barclays
Mastercard Incorporated (NYSE:MA) is among the 11 Best Financial Services Stocks to Buy Right Now. According to Barclays, a recent Wall Street Journal article concerns that stablecoins upending Visa and Mastercard Incorporated (NYSE:MA) are overblown. A woman using a payment terminal at the checkout of a store showing payment products and solutions. The firm maintained its $650 price objective for Mastercard Incorporated (NYSE:MA) and $396 price goal for Visa in a research note, reaffirming their Overweight recommendations on both payment giants. Barclays sees a buying opportunity in any market dip brought on by worries about stablecoins. Although Barclays recognizes the revolutionary potential of stablecoin technology, it believes that stablecoin adoption will continue to be challenging in the retail payments sector, which is the primary focus of Visa and Mastercard Incorporated (NYSE:MA). Barclays is still confident in Visa and Mastercard Incorporated (NYSE:MA)'s established positions, even though the Wall Street Journal has highlighted the potential of disruption to existing payment networks. The firm's optimism originates from its belief that stablecoins, while creative, presently lack the infrastructure and legal certainty required to seriously threaten mainstream payment systems in the foreseeable future. While we acknowledge the potential of MA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Sign in to access your portfolio
Finextra
3 days ago
- Business
- Finextra
Paddle to pay $5m to settle FTC tech support scam claims
UK Fintech Paddle will pay $5 million to settle US allegations of unfair payment processing practices. 0 The firm will also be permanently banned from processing payments for tech-support telemarketers, says the Federal Trade Commission. The FTC complaint alleged that Paddle processed payments for deceptive tech-support schemes that targeted US consumers, including older adults. The payments processor was accused of abusing the credit-card system and enabling deceptive foreign operators to access it, costing consumers millions of dollars. Christopher Mufarrige, director, FTC Bureau of Consumer Protection, says: 'The FTC will hold accountable payment companies that knowingly facilitate payments for scammers or look the other way when faced with red flags about their clients' conduct.' Separately, MoneyGram will pay a $250,000 fine to settle a New York state lawsuit over claims it violated a federal rule designed to make it easier to send remittances. The settlement comes shortly after the Consumer Financial Protection Bureau withdrew from the civil case amid its ongoing pullback from enforcement activity.
National Post
3 days ago
- Business
- National Post
Paygasus Takes Flight: A New Era of Smart, Seamless Payments
Article content Sorry, your browser doesn't support embedded videos. Article content Industry Leader Evolves from PayZang to Paygasus, Delivering Cutting-Edge Technology and Personalized Solutions for Businesses Worldwide Article content Article content SALT LAKE CITY — Paygasus, the bold evolution of PayZang, has officially launched, marking a new chapter in payment processing. With a relentless focus on innovation and customer-centric solutions, Paygasus is set to transform how businesses handle transactions—whether unattended, digital, or in-person—making every interaction fast, secure, and effortlessly personalized. Article content Paygasus launches with innovative, customer-centric payment solutions. Transforming transactions—unattended, digital, or in-person—with fast, secure, personalized experiences for businesses worldwide. Article content Innovation That Moves You Forward Article content At the heart of Paygasus lies an intelligent, adaptable platform that powers a wide range of payment methods, from traditional cards to digital wallets and private loop cards. Real-time insights give businesses the edge to make smarter, faster decisions, fueling growth and efficiency. Whether you're in retail, public transit, vending, EV charging, or a nonprofit, Paygasus delivers fully customizable solutions that fit your business and satisfy your customers. Article content 'With Paygasus, we're not just rebranding; we're reimagining the future of payments,' said Dharmendra Kumar, CEO of Paygasus. 'Our platform is smart, adaptable, and built for the way businesses and customers connect today—ensuring growth, simplicity, and standout experiences in the digital economy.' Article content This launch brings a suite of game-changing services designed to streamline operations, embrace every payment type, and future-proof businesses with scalable, secure technology. Article content Services That Transform Success Article content Paygasus offers comprehensive and cutting-edge solutions, including: Article content 'Paygasus fuses our trusted legacy with the industry's sharpest innovations,' Kumar added. 'This is your launchpad to more revenue, lower costs, and a front-row seat to the digital economy.' Article content For our existing customers, this transition is seamless—same stellar service, now supercharged. For businesses everywhere, this is your chance to experience payments where innovation meets personalization. Visit to see how we can help your business soar. Article content Article content Article content Article content Article content Contacts Article content Media Contact: Article content Article content Article content Article content Article content
Forbes
4 days ago
- Business
- Forbes
How Embedded Payments Act As Value Drivers For SaaS Companies
Henry Helgeson is an entrepreneur, investor, and CEO of BlueSnap, a global payment orchestration platform for B2B and B2C businesses. In today's tough private markets environment, many private equity and venture capital investors are no longer able to rely on buy-and-hold strategies or basic financial tweaks to boost growth and deliver returns. I believe private markets investors today need to take a hands-on approach to drive operational and financial improvements and uncover new revenue streams that add value for all shareholders, leading to better and more successful exits down the line. One promising option being adopted in the software and SaaS space is embedded payments. This is a method of integrating payment processing technologies and capabilities into a software application so that users can complete transactions without leaving the platform. Let's take a closer look at embedded payments and how your company can get the most from this system. • Monetizing The Core Product: When payments are built into the platform, software providers can monetize transactions that happen naturally within the product environment, such as subscription payments, one-off purchases or usage-based fees. Rather than treating payments as a separate function, these transactions can become an integral part of the business, helping to turn your platform into a consistent revenue stream. • Improving User Experience: Embedded payments can make it easier for users to complete transactions by eliminating the need to jump between applications or enter payment information multiple times. In my experience, a seamless payment experience can lead to greater customer satisfaction and improved retention rates. • Unlocking New Revenue Streams: Embedded payments can also create opportunities to generate new revenues while delivering greater value to existing customers. For example, you might charge for advanced features like fraud protection, cross-border payment capabilities and transaction support across multiple or alternative currencies. • Building Customer Loyalty: I've found that when a platform streamlines key business processes like billing, invoicing or payment tracking, it can become essential to users, creating greater "stickiness" that can lead to longer-term customer relationships, higher lifetime value and lower churn. • Standing Out in A Competitive Market: Finally, embedding payments can help you differentiate your company in a crowded market, such as through unique payment features, better rates or customer-centric workflows. If you are considering adding embedded payments to your systems, or if you already have these capabilities but want to maximize their impact, here are several best practices I have learned: Before you start building an embedded payments capability, be clear on your goals. What strategic problems are you trying to solve? How will payments enhance your platform's existing features and deliver more value to your customers? Also, think about what's in it for your business. Will embedded payments help reduce days sales outstanding (DSO)? Improve cash flow? Cut down on manual work? Your strategy should go beyond just offering payments because your competitors do; it should support the overall growth of your business and deepen customer relationships. Think through how your customers actually interact with your platform, especially when a payment is involved. Each use case is a chance to improve the experience. Can you remove a manual step? Automate a use case? Make the payment experience more seamless and intuitive? When you optimize each touchpoint where a payment occurs, it can save time and make your platform stickier and more valuable. Payments shouldn't just live in the product or within your technology team. For embedded payments to succeed, everyone across the organization should be aligned. Train account managers, sales reps and support teams so they can confidently talk about the benefits with customers and prospects. Give employees the tools and incentives they need to bring payments into their everyday conversations. I've found that when teams are unified, it leads to faster adoption and stronger results. Finally, remember that adding payments isn't just about reducing friction. Yes, you want to make it easy, but not at the expense of security, compliance or profitability. For example, offering one-click payments might sound ideal, but it could expose your platform to fraud or higher processing fees. Be thoughtful about how disputes and chargebacks will be handled. Balance the user experience with the backend mechanics so you don't end up undermining the value you're working to create. At the end of the day, payments are part of the customer journey. By thoughtfully applying embedded payments into your SaaS or software platform company, you can improve customer experiences, solve real pain points and drive measurable growth and usage. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
