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Transform Economics, Scale and Efficiency of Reconciliation Operations
Merchant acquirers are operating in a complex marketplace. A constant evolution in the way customers pay is placing demands on acquirers to support new channels and payment modes.
Empowering Customers with Newer, Safer Ways to Pay
Financial Software and Systems (FSS), a leader in payments technology and transaction processing, is betting big on its recently launched FSSPay, an omni channel agnostic plug-in, which supports multiple international and local payment methods.
Online Commerce in India is poised to reach $79.4 billion by 2020; accounting for 50% of organized retail sales. FSS, India’s largest payment processor, with 40% share of the market, is helping acquirers ride the growth wave. Click to view our latest infographic on trends shaping the India commerce market.
MNO-led innovations have helped promote basic payment services growth in Africa. Now it is time for banks to develop their own distinctive mobile and digital services across the full spectrum of financial services. Our latest infographic captures key payment trends in Africa.
An interplay of factors – competition from non-traditional players, constant margin pressure and the ongoing shift to digital consumerism and omni-channel commerce -- is having a significant impact on the merchant acquiring business.
USA is experiencing a boom in digital commerce. Mobile-based platforms are generating the bulk of growth, as consumers opt to shop on-the-move. Click here to view our latest infographic on key payment trends…
2018 promises to be an exciting time for the payments industry. We share some of our predictions. What are you expecting to see in the New Year?
Five themes are driving change in payments today. Individually they have a significant impact on the way we pay. Combined, these effects are amplified, creating a powerful force on the payments landscape.
Across age groups, UK consumers demonstrate extremely high confidence in online shopping.
Online commerce is growing substantively in the United Kingdom. FSS offers a range of solutions on the issuance as well as the acquiring side to help payment service providers and banks ride the growth wave.
Download this infographic by FSS, to learn more about e-Commerce trends in Middle East.
The introduction of Payment Banks and Small Finance Banks in the Indian banking industry is expected to make banking services more accessible to everyone across the country.
Intensifying competition and technology-driven developments are compelling banks to add new channels, transaction sets and support new card types.
Rapid growth in the electronic payment channels poses several challenges such as handling diverse types of reconciliations, fluctuating volumes and time-bound dispute resolution escalating resource requirement and costs.
As ATM footprint continues to grow, banks face unprecedented challenges in effectively monitoring and auditing transactions at the device level.
Banks are looking at rapidly rolling out innovative card programs to increase their customer base and sustain loyalty.
ATMs are critical self-service channels and it is imperative for banks to effectively monitor and manage these assets to ensure business continuity.
To maximize transactions and improve bottom line for the ATM network, it is critical that ATMs are deployed in strategic locations.