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Card issuers face many decisions that directly impact their success. One key decision is selecting the right issuer-processor or building the capability in-house (which we will explore in a separate article). An issuer-processor plays a pivotal role in the card issuing process, handling a range of tasks from transaction authorization to settlement through to enabling … Read more

The complex world of financial transactions poses technological challenges and business opportunities. A critical issue often encountered is slow response times associated with payment processing, exacerbated by the involvement of APIs and multiple parties, including issuers, merchants, and payment processors. This intricate web of interactions often led to delays, heightening the risk of transaction failures. … Read more

As we approach the year’s end, it’s a crucial time to reflect and anticipate the future of credit cards. In an era marked by rapid technological advancements and shifting consumer preferences, how will credit card usage evolve? More importantly, how will issuers and payment processors adapt to a constantly evolving financial landscape? This blog explores … Read more

In the ever-expanding realm of online shopping, eCommerce merchants are confronted with an array of persistent challenges. Cart abandonment rates hover around 70%, often because shoppers are presented with unexpected shipping costs or lengthy delivery times. But any friction in the checkout process can turn away potential buyers. Customers who need to fill out lengthy … Read more

Over the past two decades, the regulatory landscape surrounding electronic payments has evolved significantly. This shift can be partly attributed to the deregulation of traditional banks, which opened the field to a broader array of players, fostering innovation and competition. As part of the ongoing developments in the financial landscape, the European Commission has introduced … Read more

Meet Ofer Golan, a highly experienced professional in the world of payments and risk management. As Fintech Risk & Compliance Director at KPMG Israel, and over 18 years of expertise in the payments industry, Ofer’s focus lies in payment acceptance, risk, and compliance. His extensive knowledge and experience in payment risks have positioned him as … Read more