Latest news with #PhilFayer
Cision Canada
6 hours ago
- Business
- Cision Canada
Nuvei Expands Global Platform to North America, Unlocking 60% Faster Reconciliation with Granular, Transaction-level Intelligence
U.S. and Canadian merchants now benefit from per-transaction interchange prediction, real-time settlement visibility, and a unified global experience across all payment operations MONTREAL, July 31, 2025 /CNW/ -- Nuvei today announced the expansion of its proprietary global clearing and settlement platform to include the U.S. and Canada, modernizing its North American infrastructure. The upgrade brings the region onto Nuvei's global standard, giving merchants faster reconciliation, greater transparency, and improved cost efficiency. With this extension, merchants gain access to the same real-time intelligence and detailed reporting available across Nuvei's global network—all through a single, unified experience. At the point of authorization, they can now see the true cost of each transaction, powered by per-transaction interchange prediction data. Early adopters report a 60% reduction in manual reconciliation time, fewer fee-related inquiries, and over 8X more data points per transaction than legacy batch systems. This unlocks faster reconciliation, simplifies audit trails and compliance, and allows teams to focus on growth instead of manual investigation. Merchants in North America also gain access to four advanced financial reports previously available only in other regions, including Balance Reports, Settlement Summary, Chargeback Reports, and Movement Reports, delivering deeper insight and stronger cash flow forecasting. "Modernizing our North American infrastructure with our proprietary clearing and settlement capabilities is a major milestone for Nuvei," said Phil Fayer, Chair and CEO at Nuvei. "Merchants in the U.S. and Canada now operate on the same platform as our customers in other global markets, gaining the transparency, consistency, and control needed to grow faster and compete globally. This update also benefits international businesses operating in North America by unifying their view across all regions, removing barriers, and supporting efficient global scale." Improved Transparency and Interchange Fee Visibility Nuvei's proprietary platform gives merchants real-time, transaction-level visibility into how funds move and settle, including per-transaction insights into interchange fees powered by predictive data. This removes guesswork from forecasting, pricing, and margin planning, helping merchants reduce errors, improve profitability, and better anticipate financial performance. Rules and reconciliation logic are automatically updated, removing manual effort and giving finance teams access to more accurate and timely data. Nuvei is also piloting AI-powered fee modeling to help merchants better forecast and optimize transaction costs. Chargeback management is now fully integrated into the Nuvei Control Panel. Through direct connection to the card schemes, merchants gain full visibility into the chargeback lifecycle, including the ability to upload supporting documentation and interact directly with agents to contest disputes and resolve issues faster. Unified Global View Through Nuvei Control Panel All clearing and settlement capabilities are managed via the Nuvei Control Panel—an intuitive, single-login interface that gives merchants end-to-end visibility across all markets, payment types, and currencies. This eliminates fragmented tools and regional workflows, replacing them with a consistent user experience and unified reporting structure. Finance and operations teams spend less time resolving mismatches or investigating discrepancies and more time driving strategy. Whether managing global operations or focused on North America, merchants benefit from improved audit trails, simplified reconciliation, and scalable global consistency. Transaction-level data provides the granularity needed to track variances, analyze fee structures, and align finance operations across markets. Foundation for Future Platform Innovation This expansion builds on Nuvei's recent investments in direct local acquiring capabilities in Canada and PINless debit and Least Cost Routing, supporting the company's broader goal of building a fully integrated global payments platform, reducing third-party reliance, boosting approval rates, and enabling more predictable, data-rich operations. This modernization also sets the stage for upcoming innovations including programmable settlement flows, treasury optimization tools, real-time payouts, and next-gen clearing capabilities such as digital asset and stablecoin support, enabling merchants to move money faster, reduce costs, and unlock new growth opportunities globally. About Nuvei Nuvei is accelerating the business of clients around the world. Nuvei's modular, flexible, and scalable technology allows leading companies to accept next-gen payments, offer all payout options, and benefit from card issuing, banking, risk, and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies, and 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration. Contact: Public Relations
Finextra
6 days ago
- Business
- Finextra
Nuvei adds PINless debit and least cost routing
Nuvei today announced the addition of PINless debit and Least Cost Routing to its Authorization Optimization suite, improving its authorization rate for merchants in North America by up to 3.5 percentage points for applicable transactions. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. PINless debit and least cost routing are available now in the U.S., enabling eligible transactions to bypass traditional card rails in favor of lower-cost local debit networks. Nuvei continues to invest in foundational technology that uses artificial intelligence, machine learning, and data analytics to improve payment routing, augment transaction flows, and optimize revenue recovery. 'These enhancements give merchants access to debit networks that can deliver both higher approval rates and lower processing costs,' said Phil Fayer, Chair and CEO of Nuvei. 'Our smart routing engine gives merchants the flexibility to prioritize maximum approvals or cost efficiency based on their business objectives. It's about putting optimization in their hands and helping them turn payments into profit.' These enhancements are a key part of Nuvei's strategy to expand its footprint in North America by delivering locally optimized performance. As regulatory changes, issuer behavior, and consumer payment preferences evolve across the region, Nuvei's intelligent routing and authorization tools give merchants the control and flexibility needed to drive higher approvals, lower costs, and accelerate growth in one of the world's most competitive payments markets. Smarter Routing That Drives Revenue Nuvei's smart routing engine uses real-time AI and machine learning to analyze every transaction and determine the most effective path to approval based on issuer behavior, network logic, card metadata, and regional preferences. Key routing capabilities include: Intelligent Routing – Routes transactions through the best-performing bank or card network PINless Debit Routing (U.S.) – Routes eligible debit cards through lower-cost networks, with fallback to Visa/Mastercard With debit transactions now making up over 53% of online card volumes in North America and recent regulatory changes enabling multi-network routing, Nuvei's enhanced smart routing helps merchants optimize margin, performance, and speed without adding operational complexity. Intelligent Authorization That Maximizes Conversion Nuvei's intelligent authorization stack ensures that once a transaction reaches the right place, it has the highest possible chance of being approved. These features work together to reduce friction, resolve soft declines, and adapt in real time to issuer requirements: Smart Auth Messaging – Dynamically configures payloads and message formats based on issuer-specific logic Network Tokens – Increases issuer trust and compatibility through Visa and Mastercard network tokens One-Click Payments – Accelerates repeat transactions with frictionless token-based experiences Smart Retry That Recovers Revenue Instantly If a transaction fails, Nuvei's Smart Retry capabilities step in to recover revenue in real time, with no disruption to the customer experience. Built into the Authorization Optimization Suite, Smart Retry uses advanced decisioning logic to analyze failure reasons and automatically reattempt transactions through the most promising alternate paths. Nuvei's Smart Retry engine includes: Account Updater – Automatically refreshes expired or replaced card credentials Bank Failover Routing – Routes the transaction to a backup bank or APM if the primary path declines Auth Reconfiguration – Modifies message format dynamically based on issuer response codes Full Visibility and Control with AI-Powered Insights Nuvei's Control Layer provides merchants with deep visibility into performance, real-time alerts, and actionable analytics. By combining AI-powered tools with expert human support, Nuvei helps businesses not only understand how their payments are performing, but actively improve them. Key analytics and insights tools include: AI-Powered Approval Analysis – Automatically identifies unrealized approval opportunities by issuer, region, or transaction type Performance Insights & Trend Monitoring – Tracks improvements in authorization success over time Risk & Reporting Dashboards – Visualize fraud, scheme behavior, and exceptions in real time
Cision Canada
24-07-2025
- Business
- Cision Canada
Nuvei Adds PINless Debit and Least Cost Routing to Boost Approval Rates in North America
Enhancements across its Authorization Optimization Suite improve authorization rates by up to 3.5 percentage points, helping merchants recover lost revenue and accelerate growth MONTREAL, July 24, 2025 /CNW/ -- Nuvei today announced the addition of PINless debit and Least Cost Routing to its Authorization Optimization suite, improving its authorization rate for merchants in North America by up to 3.5 percentage points for applicable transactions. PINless debit and least cost routing are available now in the U.S., enabling eligible transactions to bypass traditional card rails in favor of lower-cost local debit networks. Nuvei continues to invest in foundational technology that uses artificial intelligence, machine learning, and data analytics to improve payment routing, augment transaction flows, and optimize revenue recovery. "These enhancements give merchants access to debit networks that can deliver both higher approval rates and lower processing costs," said Phil Fayer, Chair and CEO of Nuvei. "Our smart routing engine gives merchants the flexibility to prioritize maximum approvals or cost efficiency based on their business objectives. It's about putting optimization in their hands and helping them turn payments into profit." These enhancements are a key part of Nuvei's strategy to expand its footprint in North America by delivering locally optimized performance. As regulatory changes, issuer behavior, and consumer payment preferences evolve across the region, Nuvei's intelligent routing and authorization tools give merchants the control and flexibility needed to drive higher approvals, lower costs, and accelerate growth in one of the world's most competitive payments markets. Smarter Routing That Drives Revenue Nuvei's smart routing engine uses real-time AI and machine learning to analyze every transaction and determine the most effective path to approval based on issuer behavior, network logic, card metadata, and regional preferences. Key routing capabilities include: Intelligent Routing – Routes transactions through the best-performing bank or card network PINless Debit Routing (U.S.) – Routes eligible debit cards through lower-cost networks, with fallback to Visa/Mastercard With debit transactions now making up over 53% of online card volumes in North America and recent regulatory changes enabling multi-network routing, Nuvei's enhanced smart routing helps merchants optimize margin, performance, and speed without adding operational complexity. Intelligent Authorization That Maximizes Conversion Nuvei's intelligent authorization stack ensures that once a transaction reaches the right place, it has the highest possible chance of being approved. These features work together to reduce friction, resolve soft declines, and adapt in real time to issuer requirements: Smart Auth Messaging – Dynamically configures payloads and message formats based on issuer-specific logic Network Tokens – Increases issuer trust and compatibility through Visa and Mastercard network tokens One-Click Payments – Accelerates repeat transactions with frictionless token-based experiences Smart Retry That Recovers Revenue Instantly If a transaction fails, Nuvei's Smart Retry capabilities step in to recover revenue in real time, with no disruption to the customer experience. Built into the Authorization Optimization Suite, Smart Retry uses advanced decisioning logic to analyze failure reasons and automatically reattempt transactions through the most promising alternate paths. Nuvei's Smart Retry engine includes: Account Updater – Automatically refreshes expired or replaced card credentials Bank Failover Routing – Routes the transaction to a backup bank or APM if the primary path declines Auth Reconfiguration – Modifies message format dynamically based on issuer response codes Full Visibility and Control with AI-Powered Insights Nuvei's Control Layer provides merchants with deep visibility into performance, real-time alerts, and actionable analytics. By combining AI-powered tools with expert human support, Nuvei helps businesses not only understand how their payments are performing, but actively improve them. Key analytics and insights tools include: AI-Powered Approval Analysis – Automatically identifies unrealized approval opportunities by issuer, region, or transaction type Performance Insights & Trend Monitoring – Tracks improvements in authorization success over time Risk & Reporting Dashboards – Visualize fraud, scheme behavior, and exceptions in real time About Nuvei Nuvei is accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration. For more information, visit
Cision Canada
10-07-2025
- Business
- Cision Canada
Nuvei Partners with flaconi to Power Beauty and Fragrance Retailer's European growth
Nuvei's global reach and industry-leading payment method connectivity enable flaconi to grow across Europe , July 10, 2025 /CNW/ -- Nuvei today announced an expanded strategic partnership with flaconi, one of Europe's leading online retailers for beauty and fragrance. Since partnering with Nuvei, flaconi has achieved an impressive 30% year-over-year revenue growth in 2024, and the expanded agreement will further support its growth across additional European markets. As flaconi's payments partner, Nuvei empowers consumers to make online purchases using cards and all major regional alternative payment methods (APMs) in each market where it operates. Already operating successfully in Germany, Austria, Poland, France, Switzerland, the Netherlands, and Belgium, flaconi celebrated its recent launches in Denmark, Sweden, Finland, the Czech Republic, and Italy in 2025 — all through a single integration into Nuvei's core platform. Nuvei's Authorization Optimization Suite enables flaconi to optimize its payments function and accelerate revenue growth. The solution leverages advanced fraud prevention and seamless transaction processing to enhance the customer experience and increase conversion rates. "Our expanded partnership with flaconi highlights Nuvei's role in helping leading brands succeed in eCommerce," said Phil Fayer, Chair and CEO of Nuvei. "Since partnering with us, flaconi has achieved impressive revenue growth. We're proud to support them with seamless, locally tailored payment experiences that help them connect with customers across Europe, however they choose to pay." "In the competitive beauty and fragrance eCommerce space, providing frictionless payment experiences is essential for customer satisfaction and business growth," added Sven Roseman, CTO flaconi. "Nuvei's comprehensive payment solutions and local market expertise have been instrumental in our European expansion strategy, allowing us to offer our customers their preferred payment methods while streamlining our operations across multiple markets." About flaconi With over 4.5 million active customers, flaconi is the leading online shop for beauty and perfume in Germany. The online shop's extensive portfolio includes around 1,000 national and international brands and 50,000 products. Founded in 2011 as one of the first online perfumeries, flaconi today successfully continues its history as one of the largest holistic beauty online pure players in Germany. flaconi is proud to work with around 700 employees from 60 different nations at its headquarters in Berlin-Charlottenburg and at its logistics centre in Halle. The online shop has won numerous awards and is represented in Germany, Austria, France, Poland, Switzerland, Belgium, the Netherlands, Denmark, Sweden, Finland, the Czech Republic and soon in Italy. About Nuvei Nuvei is the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 720 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
Yahoo
01-07-2025
- Business
- Yahoo
Nuvei launches direct payment acquiring in Canada
Canadian fintech firm Nuvei has gone live as a direct payment acquirer, allowing businesses in the region to process domestic transactions locally via its platform. With this move, Canadian merchants are expected to increase sales capture, diminish the incidence of lost transactions, and deliver streamlined purchasing experience for consumers. The service aims to provide 'higher' transaction approval rates through local processing and intelligent routing, while also reducing the 'complexity' associated with multiple payment intermediaries. Additionally, Nuvei's new service offers real-time payout options, granting merchants access to over 700 alternative payment methods in 150 different currencies. The platform also promises unified reporting, simplified reconciliation, and supporting enhanced omnichannel capabilities, the company said in a press release. The announcement is in line with Nuvei's global strategy, which aims to simplify and amplify payment processes for businesses across various markets through a single integrated platform. This platform encompasses payment acceptance, optimisation, risk management, and payout functionalities. Nuvei chair and CEO Phil Fayer said: 'Becoming a direct acquirer in Canada reflects our strategy to build direct acquiring capabilities in every major market. There is no better place to showcase this than Canada, where our journey began. By combining local acquiring with our global platform, we help merchants achieve higher approval rates, better conversions, and more predictable interchange costs. 'Alongside powerful omnichannel capabilities and simplified reconciliation, we're giving businesses around the world the infrastructure they need to grow faster and compete globally.' In May, Nuvei (EPI), integrating the Wero digital wallet into its suite of payment solutions for e-commerce businesses. This integration provide Nuvei's merchant clients with early access to the Wero payment solution via their existing Nuvei platform integration. "Nuvei launches direct payment acquiring in Canada " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
