EPA Awards Credorax Merchant Acquirer of the Year

CRX_Blog.img_EP.award

Last month’s Emerging Payments Awards in London was truly a night to remember for Credorax. We took home awards for both Merchant Acquirer of the Year and Best Emerging Payments Marketing Campaign of the Year. We are honored to have been recognized for the hard work we put into serving payment service providers and clients around the world.Continue Reading

Insights From the European Commission E-Commerce Report

 

European Union financial concept image with euro symbol, sign and icon on a laptop computer key with EU flag for blog, website and online business.


A recent European Commission report on the state of e-commerce offers some great insights on how consumers and merchants are dealing with cross-border e-commerce payments.

Here are some highlights of the EC Digital Agenda Scorecard:Continue Reading

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

ISO 20022: We’re Just Getting Started

Blue Icon of Building with Columns on Dark Digital Background.

Recently, a working group composed of payments processing experts completed work on a first draft of the ISO 20022 standards. These guidelines are aimed at encouraging the implementation of real-time electronic payments between financial institutions through standardized messages. This draft has already been circulated for review. The feedback from this review will be discussed at the upcoming International Swift banking conference, Sibos, which is being held next month in Singapore.Continue Reading

Embracing the Digital World

Best Internet Concept of global business from concepts series

We often talk about how we are living in a “digital world” or how this is the “digital era”. The word “digital” no longer simply refers to a group of ones and zeros that store a huge amount of the world’s data.Continue Reading

ePower 2.0: One-Click Payment Processing is No Longer a Dream

CRX_blog_ epower2_lrg

Credorax is creating a revolution in the global e-commerce sphere through our Smart Acquiring business approach: We have been able to break down these barriers to entry for merchants into the global e-commerce marketplace, regardless of their demographic or location. Continue Reading

New EU Anti-Money Laundering Rules Come Into Effect

 

CRX_blog_ Anti-Money Launderin_Lrg

 

It’s been in the works for a while, but new European anti-money laundering rules finally came into effect in late June.

The European Union’s 4th Anti-Money Laundering (AML) Directive was approved by European Parliament in late May and came into effect in late June but member states will have two years from then to create national laws based on the directive’s rules.Continue Reading

Credorax UNIFY Panel on the Future of Payments: Part I

CRX_blog_Unify-Panel_lrg

At our UNIFY event in London on June 16th, we heard many great speakers talk about the future of payments. Benny Nachman, our CEO discussed the inspiration behind Credorax and Moshe Selfin, our COO, unveiled the company’s exciting new product, the enhanced platform ePower 2.0. In addition to these and other thought leaders, we also had a panel discussion that focused on a few key issues that are influencing the payments industry.Continue Reading

Credorax Addresses the ‘Truly Global and Borderless Digital Economy’ at UNIFY 2015

CRX_Blog_Unify_large

 

We are back from last week’s very successful UNIFY event in London and we have a lot to report. Our UNIFY conference was designed to bring together a wide range of perspectives from industry thought leaders, market analysis and new insights into an era of a truly global, borderless economy.Continue Reading