Precium’s Post

Mastercard is planning big changes to online shopping in Europe by 2030. The company is eliminating the need to type in your card number during checkout when online shopping. Instead, your card number will be replaced by a randomly generated 'token,' making it more secure. What do you think of this change? #FinTech #IndustryNews #NMI #Mastercard

🚀 Mastercard partners with FinXP to launch cross-border payments 🌍 Together, we're introducing FinXP PLUS to transform the way businesses conduct international payments. 🌐 Leveraging Mastercard's global network, FinXP will use Mastercard's cross-border services to expand its reach and provide its diverse customer base with access to a wide range of international payment options. 💼 Modernizing corporate cross-border payments, FinXP PLUS offers a proprietary platform enabling secure transactions to over 100 countries with multiple currencies (including USD, GBP, EUR, CAD, and many more). The unique feature of the platform: it supports multi-channel transfers, allowing merchants to adapt to various payment preferences around the world. 💳 The integration of "IBAN4U", FinXP's Euro IBAN service, users can enjoy their dedicated corporate accounts paired with Mastercard debit cards. This delivers a comprehensive account solution facilitating payments, payouts, and debit card usage. “Our latest collaboration with Mastercard reinforces our commitment to offer merchants with a seamless payment experience, that means the ability to make fast and reliable payments at a cost-efficient price with an easy-to-use platform,” said Jens Podewski , co-founder and CEO of FinXP. “Our partnership with FinXP will provide its customers with a safe, simple and reliable cross-border payments experience, regardless of whether they want to send money to a bank account, card, digital wallet or cash withdrawal location,” said Dr. Peter Robejsek, Country Manager Germany at Mastercard. The link to the article is in the comments. 👇 #Mastercard #FinXP #CrossBorderPayments

🌎 The nexo Retailer protocol defines a set of interfaces between a card #payment application and a #retail point of sale system. Using the protocol, retailers can simplify the development of payment solutions supporting #loyalty services such as gift cards, mobile wallets, local payment methods, and auto-detection of foreign language preferences. 💻 Discover how the nexo Retailer protocol can solve the needs of retailers: https://bit.ly/4bSdeHU #nexostandards

Tokenized payments, which work by replacing sensitive personal data with a cryptographic key, or token, have saved $650 million in fraud in the last year while driving over $40 billion in incremental eCommerce revenue. Learn how tokenization can meet evolving consumer demand.

Tokenized payments, which work by replacing sensitive personal data with a cryptographic key, or token, have saved $650 million in fraud in the last year while driving over $40 billion in incremental eCommerce revenue. Learn how tokenization can meet evolving consumer demand.

Tokenized payments, which work by replacing sensitive personal data with a cryptographic key, or token, have saved $650 million in fraud in the last year while driving over $40 billion in incremental eCommerce revenue. Learn how tokenization can meet evolving consumer demand.

Tokenized payments, which work by replacing sensitive personal data with a cryptographic key, or token, have saved $650 million in fraud in the last year while driving over $40 billion in incremental eCommerce revenue. Learn how tokenization can meet evolving consumer demand.

🚀 Mastercard partners with FinXP to launch cross-border payments 🌍 Together, we're introducing FinXP PLUS to transform the way businesses conduct international payments. 🌐 Leveraging Mastercard's global network, FinXP will use Mastercard's cross-border services to expand its reach and provide its diverse customer base with access to a wide range of international payment options. 💼 Modernizing corporate cross-border payments FinXP PLUS offers a proprietary platform that enables secure transactions to over 100 countries, supporting multiple currencies, including USD, GBP, EUR, CAD, and more. What sets it apart is its support for multi-channel transfers, allowing merchants to adapt to various payment preferences around the world. 💳 With the integration of FinXP's Euro IBAN service called IBAN4U users can enjoy dedicated corporate accounts paired with Mastercard debit cards. It's a comprehensive account solution that facilitates payments, payouts, and debit card usage. “Our latest collaboration with Mastercard reinforces our commitment to offer merchants with a seamless payment experience, that means the ability to make fast and reliable payments at a cost-efficient price with an easy-to-use platform,” said Jens Podewski, co-founder and CEO of FinXP. “Our partnership with FinXP will provide its customers with a safe, simple and reliable cross-border payments experience, regardless of whether they want to send money to a bank account, card, digital wallet or cash withdrawal location,” said Dr. Peter Robejsek, Country Manager at Mastercard. The link to the article is in the comments. 👇 #Mastercard #FinXP #CrossBorderPayments

Accelerating payments innovation is transforming modern wallets into commerce enablers, demanding that credit card issuers consider digital-only consumer credit cards and rewards-based subscriptions. In EMARKETER's new report, David Morris explores how these trends will shake out in H2 2024. Key takeaways: 💵 Digital wallets are rapidly integrating features like smart receipts, order tracking, and subscription management. By the end of 2024, 57% of consumers are expected to use mobile wallets monthly, driven by innovations from providers like PayPal, Venmo, and Apple Pay. 💵 With the increasing use of digital wallets, physical credit cards are on the decline. A major US issuer is predicted to pilot a digital-only consumer credit card by year-end, appealing especially to Gen Z and cashless consumers. 💵 As BNPL (Buy Now, Pay Later) models gain traction with rewards-based subscriptions, credit cards are under pressure. In response, a major issuer is expected to introduce a subscription-based rewards credit card to compete. 💵 Nearly 60% of US consumers will use mobile wallets for payments this year, with projections showing this number could rise to 70% by 2028. #DigitalPayments #Fintech #DigitalWallets #BNPL #CreditCards #Innovation

Tokenized payments, which work by replacing sensitive personal data with a cryptographic key, or token, have saved $650 million in fraud in the last year while driving over $40 billion in incremental eCommerce revenue. Learn how tokenization can meet evolving consumer demand.