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PayPal is one of the best-known online payment systems used by consumers and businesses for quick global transactions. With person-to-person (P2P) and account-to-account (A2A) money transfer becoming the new trend, many people are looking into creating platforms similar to PayPal, as the payment industry is a growing and profitable market.
Safely storing payment details remains a significant challenge for online businesses. Currently, data fraud makes up 35% of identity theft cases, and the amount of data breaches is continuously growing.
Over the last decade, the payment landscape of the Middle East has gone through a drastic change. The world has seen, repeatedly, that this region breeds digital transformation, and the pandemic has only helped promote this digitalization over the recent years.
In a world where scammers and hackers are getting more and more tech-savvy by the day, protecting your client’s data is of utmost importance. A report showed that a cost of a data breach, on average, reaches a whopping $3.9M, while in the financial sector, this cost exceeds $5.8M
What motivates companies to switch from their own payment platforms to white-label ones? And once they decide to move on, what does the transition look like for them?
If you’re on the fence about whether or not to offer alternative payment methods, bear with us. We understand your security and development cost concerns. It might seem that both implementation and maintenance can dig up a hole in your budget.
Payment orchestration is a vendor-agnostic layer that consolidates the various aspects of online payments in one place and directs transactions based on a pre-defined algorithm. Managing payments is significantly simplified for merchants
A payment orchestration platform is a technological solution for businesses accepting or making payments online, designed for greater control and more efficient management of all payment and payout processes.
If you were looking to augment your payment team and leave the payment processes to real professionals, today is the day: we’re here to announce a 50% discount on Akurateco services for a limited time only.
Payment Card Industry Data Security Standard (or PCI DSS) are requirements applied to all market players who deal with data of the cardholders. The story began in 2006 when PCI DSS established a secure climate for credit and debit card transactions.