Embracing the Digital World

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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

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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

 

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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

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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

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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

5 Steps to a Perfect Merchant Onboarding Application

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In general, merchant onboarding to an acquiring bank can take up an enormous amount of time, due to reams of paperwork that need to be filled out. One important way to smooth out the process is to make sure your application contains all the critical information the bank will need in order to process your application in a timely manner.Continue Reading

Payments in the Age of Digital Disruption

 

Yves Mersch, a member of the Executive Board of the European Central Bank, spoke recently at the joint European Central Bank/Suomen Pankki Conference in Helsinki. His speech included some very compelling points about innovation, trust and regulation in retail payments. One of the central themes of his speech was how online content digitalization has not only disrupted creative media industries like music and publishing, but such digitalization is now banging on the door of the payments industry as well.Continue Reading

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

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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

Japan Payments in Focus

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Editor’s note: We are pleased to announce our new ‘Country in Focus’ series. Every few weeks we will take a closer look at a different country and analyze it in terms of its e-commerce and payments environments. If you haven’t done so yet, subscribe to our blog so you won’t miss a single post in the series. 

In terms of nominal GDP, Japan is the third largest national economy in the world and fourth largest in terms of purchasing power parity (PPP). According to the Japan Statistics Bureau, the number of people who used the Internet for the first time exceeded 100 million people, making up 82.8 percent of the population 6 years of age and older.

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Interchange Fee Regulation Update

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Multilateral interchange fees are back in the news. We discussed them back in November in the context of Visa Europe’s CBDIP program.  Just recently, the European Council approved the latest version as recently amended by the European Parliament (EP). Continue Reading