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Businesses play a colossal role in protecting sensitive online data. A strict attachment to consumer data security protocols and fraud detection can increase trust. Not only will these efforts protect data and earnings but they will ease customers’ fear of mishandled or embezzle data.
Payment facilitator model, though more fruitful, is much more difficult to implement. Besides the financial guarantees that PayFac model requires a technical solution that would allow to handle remittance of funds to the merchants (including calculation of fees, withholding of reserves etc).
Why choose an integrated payment system? Well for starters, if you have a POS system and you’re not using an IPS integration, you may be overpaying, putting your business at risk or creating unnecessary difficulties for support.
The costs could vary from thousands of dollars and even reach up to millions, depending on the platform and requirements. Depending on how simple or complex the platform would be, the costs can differ significantly for similar functionalities
Digital banking means much more than just going paperless and being able to process more information in the shortest possible time. Leading companies are offering improved customer experience and delivering more efficient services.
It is hard for many people to imagine that cash could completely disappear from circulation, but it is possible. It turns out that all around the world, more and more people prefer use cashless payments.
In 2021, the value of the e-commerce market was estimated at around $ 4.9 trillion worldwide. This figure is forecast to grow by 50 percent over the next four years, reaching about 7.4 trillion dollars by 2025. It is a huge possibility that it will increase to $ 5.5 trillion this year!
It should not come as a surprise that with the development of technology and the progressing digitalization of our lives, new opportunities are emerging. One of them is “Dynamic Currency Conversion”, commonly known as DCC.
Microtransactions are a stable element of the gaming industry, gradually spreading to other genres, game modes or game-related services. This business model, used mainly by F2P game publishers and developers, seems to be perfectly adapted today to paid productions. What are the consequences of this solution and does it work in favour of the players?
So you have succeeded in bringing your business online. Congratulations! You now have ambitious plans to sell, broaden reach, defy your competition and gain more customers. The sky is the limit.
