Open banking is a concept that aims to revolutionize the financial industry by allowing customers to share their banking data with third-party providers through secure APIs. The objective of open banking is to create a more competitive and innovative financial ecosystem, with better services and lower costs for customers. Open banking will also have a significant impact […]
Having a bias for action is a company value for Clearly Payments. Simply put, a bias for action means taking action quickly and decisively in order to achieve your goals and move your business forward. First and foremost, having a bias for action helps us stay ahead of the competition. In a world where new technologies […]
The payments industry has seen many changes in recent years, with the rise of mobile payments and digital wallets. However, one big change in the payments industry is likely to come from artificial intelligence (AI). You can also read our article on payment trends. AI has the potential to greatly impact the payments industry by […]
The use of biometrics in payments and credit card processing is a growing trend that is changing the way consumers interact with their money. Biometric authentication is the process of using a person’s unique physical characteristics, such as fingerprints, facial recognition, or voice recognition, to verify their identity. In this article, we’ll explore the use […]
Interchange fees are a crucial component of the credit and debit card payment system. They serve as a revenue source for card issuing banks which use the funds to cover the cost of issuing and maintaining credit cards, as well as to fund rewards programs and other cardholder benefits. The fees also play a role in […]
The use of cash and checks for payments has been steadily declining in recent years with more people choosing to use digital payment options instead. This trend is driven by a number of factors, including the convenience and security of digital payment methods, as well as changing consumer behavior and preferences. Why cash is declining […]
Open banking has the potential to have a significant impact on payments and payment processing. As a quick background, Open banking is a concept that allows third-party financial service providers to access bank data in a secure and standardized manner, typically through application programming interfaces (APIs). Here is an article on the open banking means to […]
The number of merchants using hosted payment pages is difficult to estimate accurately, as there are many different payment processors and gateways that offer this service, and not all of them publicly disclose their customer base. However, it is safe to say that a significant portion of online merchants use hosted payment pages as part […]
Cryptocurrency has been gaining significant attention in recent years. One of the main uses of cryptocurrency is as a form of transferring value: payments. But what exactly is the future of cryptocurrency in payments? Will it disrupt traditional payment systems or will it be relegated to niche markets? What is cryptocurrency? Cryptocurrency is a digital […]
The future of payments will continue to be driven by advances in technology, changes in consumer behaviour with the desire for convenience, and the increasing need for security. The future of payments will involve a greater emphasis on digital and mobile payments, as well as the continued development of peer to peer technologies. Also, Contactless payments, […]
