When it comes to making a digital purchase, verifying the transaction and the identity of the consumer becomes increasingly important and challenging. Helping issuers and merchants distinguish good transactions from bad will mitigate fraud, while allowing transactions to continue to happen at lightning speed. 3-D Secure 2.0 is an important advancement in this effort that will help prevent fraud and accelerate digital commerce with fast, secure authentication. Keep reading to learn more about 3D...Read more
Contactless Payments: Advantages and Disadvantages
Nowadays it is difficult to surprise someone by paying with a card without touching the terminal or by paying with a phone, watch or bracelets. Technological progress moves forwards, and the payments industry offers new ways to pay for goods and services. Contactless payment methods allow you to pay by a card or a mobile device without touching the POS terminal. This way of payment takes place in a few seconds and secures your card details. However, are there any disadvantages in making contactl...
SEPA Transfers: Everything You Need to Know
Making international payments comes with multiple advantages for any business. However, if you need to send money abroad, the transfer process can become a difficult one, particularly if you are a novice and do not know where to start. Institutions in Europe took a great leap with the initiative to enable businesses and people to receive fast, domestic-like, cross-border transfers easily. Thus, transferring euros across the entire European Union has become a fairly straightforward process, prima...
Is Cash no longer King in Europe?
The idea of a cashless society is one of the topics that stirs up a heated debate when it comes to the digitalisation of banking and society. Cashless transactions are nothing new, but their share of the payments mix is growing fast. Advanced technologies, particularly the smartphone, have driven the fast growth of the digital economy and enabled an explosion of non-traditional financial solutions. So, are we moving towards a cashless society?
How PaysTree mitigates risks of online payment solutions?
Even in today's world with the ever-growing number of money transfers, there are still risks associated with using Internet technology to facilitate online payment capacities. Avoiding known risks means knowing what they look like and adopting prevention strategies. This article outlines what procedures PaysTree implements to mitigate the critical business risks and assure compliance with current regulations.
5 questions to help you understand Payments Institutions
Payment Institutions (PIs) facilitate transaction payments between buyers and sellers, make online money transfer possible, and many other payment solutions. Payments Institutions are challenging the traditional banks, are more user-friendly and satisfy the demand of the modern tech-savvy population. PaysTree has prepared an easy- to digest guide about disruptive payment services industry.