Real-Time Payments: When a Moment Makes All the Difference

image001 (1)

Real-time payments have been a significant goal of the industry for some time, and they are fast becoming a reality. As we approach this innovation milestone, it’s worth taking a step back and trying to understand more about what real-time payments mean and their potential impact on e-commerce.Continue Reading

China’s PBOC Keeps Visa and MasterCard in Limbo

CRX_blog_InFocus_China_lrg

The decision to open up Chinese bank card payment clearing market, which came into effect on June 1, 2015, follows, to a certain extent, a complaint the U.S. filed with the World Trade Organization in 2012. The U.S. argued that, per WTO rules, member countries of the organization should treat foreign credit and debit card issuers on par with domestic issuers and therefore required the Chinese government to open up the market for “bank clearing services” to foreign and domestically-invested companies incorporated in PRC. In addition, the PBOC will allow banks in China to issue Visa and MasterCard payment cards independently of UnionPay.Continue Reading

5 Ways to Optimize Your Site for Cross-Border E-Commerce

CRX_blog_5-cross-Bord-Ecom_lrg

 

PYMNTS.com recently released their latest quarterly X-Border Payments Optimization Index, and it’s chock-full of fascinating information about the state of global cross-border payments today.

As we all know, cross-border e-commerce is the present and future of global commerce. If you have a website for your business, you have the opportunity to reach billions of customers worldwide. The big question remains: Is the average merchant ready and able to serve customers who reside both across the street and on the other side of the world?Continue Reading

MPE Takeaways: Apple Pay Soars, EU Merchant Acquiring Trends

 

CRX_blog_apple.pay_img.lrg.2

This year’s Merchant Payment Ecosystem event was held in Berlin on February 17-19. The emphasis this year was on mPOS, NFC and Bitcoin. There were a number of interesting and educational sessions on a variety of issues facing the payments industry.Continue Reading

Why U.S. E-Retailers Need Cross-Border Acquiring

CRX_Blog_Img_16_large_2From fashion to travel, many U.S. online retailers are starting to see between 10 to 20 percent of their traffic coming from European-issued payment card products. Because setting up physical branches in local EU countries is rather expensive, online retailers tend to opt for keeping their businesses virtual.Continue Reading

The Story Behind Our Best Merchant Acquirer Award

CRX_Blog_Img_07.award_largeWe were thrilled to have been named Best Merchant Acquirer of 2014 at the recent, prestigious FSTech/Retail Systems Payments Awards ceremony. The gala event in London also awarded other global retail and payment companies in additional categories, including Starbucks, Skrill, PayPoint and Barclaycard among others.

Continue Reading

Visa Europe’s CBDIP To Benefit Merchants and Acquirers

CRX_Blog_Img_04_large

The ongoing saga between Visa and the European commission looks like it’s finally coming to a close. The story goes back to July 2012, the European Commission initiated proceedings against Visa Europe with regard to the company’s policy on Multilateral Interchange Fees (MIFs) for consumer credit cards. The EC was concerned that Visa’s fee policy may have violated EU antitrust rules.Continue Reading