Latest news with #paymenttechnology
Yahoo
17 hours ago
- Business
- Yahoo
From patchwork to platform: How payment orchestration is becoming core infrastructure
Not long ago, payments followed a relatively straightforward model: one provider, one integration and, (despite multiple redirects) one route from checkout to completion. But as commerce has become more digital, more global and more fragmented, the simplicity of that model has broken down. Merchants today must manage a growing mix of payment methods, regional providers, fraud solutions and value-added services. At the same time, they are under pressure to optimise performance, reduce costs and expand into new markets. These demands are putting serious strain on payment technology stacks, just as customer expectations for speed and reliability are higher than ever. In response, many businesses began turning to payment orchestration. Initially used to streamline connections between multiple providers, it has evolved into something far more strategic. Today, payment orchestration enables businesses to run their payment operations more effectively. It improves resilience, enhances adaptability and supports faster rollout of new functionality. The earliest adopters were in two camps. Some merchants were under great pressure to modernise, and others were naturally forward-thinking and focused on gaining competitive edge. In both cases, these merchants were digital-first, expanding across borders, and knew that their payment setup could not keep pace with their growth. Payment orchestration helped them simplify disconnected systems and take control of how payments were routed and managed. For many, it was a calculated risk that ultimately gave them a head start At its core, payment orchestration refers to an independent software layer that sits between merchants and their payment providers. Unlike gateways or aggregators of alternative payment methods, true orchestration is vendor-agnostic and connective rather than controlling. It enables agility while optimising payment flows and maintaining choice. What matters most is what sits within that layer and what those features enable. Capabilities such as smart routing, tokenisation, checkout personalisation and redundancy management can be implemented without reengineering the entire stack. This model significantly reduces the burden on development teams and allows businesses to focus more on growth than maintenance. For some time, the discussion around payment orchestration has centred on merchant needs: how to scale efficiently, manage risk and improve reliability. Increasingly, however, orchestration is proving valuable to the payment providers themselves. In the face of the demand for modernisation, many financial institutions are now asking the same question that merchants once did: build or buy? Some are investing in the modernisation of their acquiring platforms. Others are stepping back from infrastructure ownership and partnering with orchestration providers to bring more advanced features to their customers. Several acquirers have begun looking for white-labelled orchestration technology. The aim is to help them unify siloed systems, route volume more precisely, or serve merchants in markets where they lack direct coverage. It can give them a competitive edge without having to overhaul their entire architecture. This shift in thinking matters. Payment orchestration is no longer seen as a disruptive force. It is being recognised as a way to retain high-value merchant relationships while expanding capabilities in a more sustainable way. Another important shift is in how payments orchestration is being deployed. Full-stack transformation is no longer the only option. Many businesses are now taking a modular route, applying orchestration to solve focused challenges. Some implement routing logic only. Others begin with tokenisation or use orchestration for fallback and continuity. This versatility allows for precise, high-impact improvements. A gateway might adopt orchestration to extend connectivity and routing. A travel platform may integrate it to create more reliable checkout experiences without disrupting their acquirer relationships. A financial institution could use it to bring consistency across legacy systems and regional operations. These are just a handful of very simple examples, but the potential permutations are vast. In some verticals, payments orchestration is supporting even more advanced payment strategies. Gambling operators, for example, are using it across both pay-in and payout flows, layering in fraud prevention solutions, tokenisation and adaptive routing. In the digital goods and ticketing sectors, it is helping consolidate multiple brands under a single platform following mergers and acquisitions. Tokenisation is now a common entry point. Several businesses begin by using orchestration to manage scheme-level token compliance or consolidate token management across providers. From there, they expand into broader orchestration use cases over time. As payment orchestration continues to evolve, its relevance now extends far beyond early adopters. It is becoming shared infrastructure that benefits both merchants and providers. For many in the payment providers in the ecosystem, its role is becoming more obvious. It serves as a distribution layer that encourages collaboration rather than competition. As more merchants demand the level of control and flexibility that orchestration offers, providers need to meet that demand to retain and grow those merchant relationships. But they need to do it without rebuilding from scratch. This is not about undermining incumbents or competing on price. Sustainable orchestration works by reinforcing the connection between merchant and payment provider. That principle has to be part of the orchestration model, especially as adoption increases among more traditional financial institutions and platform businesses. What started as a workaround for disconnected systems is now becoming foundational. Payment orchestration has shifted from patchwork to platform, from tactical fix to core infrastructure. For those that adopted early, the gamble is paying off. And as global requirements grow and payment environments become harder to manage, payment orchestration is no longer a fringe innovation. It is becoming essential. Tom Voaden is VP of Commercial at BR-DGE "From patchwork to platform: How payment orchestration is becoming core infrastructure" 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.
Yahoo
4 days ago
- Business
- Yahoo
Global Payments Unveils Genius for Retail POS Solution
Global Payments Inc. (NYSE:GPN) is one of the best software infrastructure stocks to invest in. On June 10, Global Payments announced the launch of its new Genius for Retail solution. The powerful Point-of-Sale/POS offering is specifically designed for small and medium-sized retail businesses, like sporting goods, gift shops, boutiques, and cafes. Initially available to US merchants, the Genius for Retail solution is designed for ease of use right out of the box. The solution incorporates built-in tools that optimize operations and deliver a seamless customer experience. Other features include payment capabilities for accepting various payment methods like cards, mobile wallets, and gift cards, both in-store and on the go. A payment terminal in action with customers apart of the experience. Genius for Retail provides business management options for streamlined inventory management, digital invoicing, pay-by-link functionality, employee scheduling, customer insights, staff permissions, and sales trend analysis, all consolidated in one platform. The Genius for Retail solution follows the launch of Genius for Restaurants earlier in May this year, which was the first of three Genius products tailored for specific verticals. The next product, Genius for Enterprise for multi-location quick-service restaurants, stadiums, venues, and cafeterias, is scheduled for release in Q3 2025. Global Payments Inc. (NYSE:GPN) provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. While we acknowledge the potential of GPN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
7 days ago
- Business
- Yahoo
ABeam Consulting (USA) Ltd. and Millennium EBS Establish Strategic Collaborations to Expedite ISO 20022 Implementation
LOS ANGELES, June 25, 2025 (GLOBE NEWSWIRE) -- ABeam Consulting (USA) Ltd. ('ABeam US') and Millennium EBS, a BlueOne Card Inc. subsidiary, have announced a strategic collaboration under a newly signed Master Services Agreement (MSA) to jointly promote the Millennium EBS Payment Hub: ISO 20022 Transformer. This collaboration brings together ABeam's deep expertise in business and digital transformation and Millennium EBS's advanced payment technology— offering banks and financial institutions a streamlined, future-ready solution for ISO 20022 compliance. A Unified Vision for Payment Modernization As global adoption of ISO 20022 accelerates, financial institutions are under increasing pressure to migrate to new messaging standards while maintaining operational continuity. The ISO 20022 Transformer offers a seamless path forward—enabling smooth integration with legacy systems, ensuring compliance with evolving regulations, and unlocking enhanced data quality and process efficiency. 'Through this collaboration with Millennium EBS, we're reinforcing our commitment to helping financial institutions navigate complex regulatory shifts with confidence,' said a spokesperson from ABeam US. 'Together, we're delivering not just compliance—but the strategic capabilities institutions need to stay competitive in a digital-first economy.' ABeam Consulting: A Trusted Transformation Partner ABeam Consulting serves clients across diverse industries, including financial services, automotive, manufacturing, and consumer goods. The firm has led successful transformation initiatives for leading organizations worldwide, with a focus on digitalization, operational excellence, and customer-centric growth. With its extensive experience in ISO 20022 compliance, digital modernization, and systems integration, ABeam Consulting offers end-to-end support for implementing the ISO 20022 Transformer, ensuring a seamless, scalable transition for financial institutions worldwide. Technology Meets Industry Expertise 'This partnership with ABeam US is a major step forward in our mission to modernize payment systems globally,' said Shinto J Matthew, CEO of Millennium EBS. 'By integrating our proven technology with ABeam US's industry insight, we're equipping banks with a powerful toolkit to manage ISO 20022 migration efficiently—and drive long-term operational gains.' With the ISO 20022 Transformer, financial institutions benefit from: Seamless integration with existing payment infrastructure Regulatory compliance with ISO 20022 standards and migration timelines Improved transaction transparency and data quality Greater operational efficiency across domestic and cross-border payments To learn more about the ISO 20022 Transformer and how ABeam and Millennium EBS can support your payment modernization journey, visit [smatthew@ or contact [smatthew@ About ABeam ABeam Consulting provides innovative business solutions to help companies improve their operations and gain a competitive edge. With over 42 years of experience, ABeam has grown from a part of Deloitte and Touche to an independent consulting firm focused on client success. Today, ABeam operates in 36 countries, serving more than 750 clients across Asia, the Americas, and Europe. With over 8,300 professionals, ABeam reported $1 billion in revenue for fiscal year 2024. ABeam combines industry expertise with technological innovation to help clients navigate the digital landscape. ABeam is committed to fostering change by integrating business strategy with technology. Our focus on connected and intelligent applications helps companies reimagine their business models and confidently plan for the future. Join the 750+ global organizations transforming their operations with ABeam Consulting. Explore our services and insights at www. About Millennium EBS Millennium EBS, now a subsidiary of BlueOne Card Inc, brings over two decades of industry expertise in delivering high-quality, reliable payment solutions tailored to the evolving needs of modern financial institutions. Millennium EBS empowers small to medium-sized banks and financial institutions worldwide through seamless payment processing, regulatory-compliant ISO 20022 transformation, and personalized customer engagement tools. For more information, please visit Millenium EBS Shinto J Matthew – CEO Email: smatthew@
Yahoo
7 days ago
- Business
- Yahoo
Universal Processing Unveils New Headquarters, Pioneering Fintech Solutions for Minority-Owned Businesses
New York, New York--(Newsfile Corp. - June 25, 2025) - Universal Processing (uP), a leading Fintech and payment solutions provider, proudly announces the grand opening of its new headquarters in the heart of New York City, Times Square. This exciting milestone marks the company's continued growth, as well as its commitment to empowering minority-owned businesses with cutting-edge financial technology. A New Era for Minority Business Empowerment With global digital payments surpassing $10 trillion in 2024, the ability to offer seamless, cashless transactions has become a crucial factor in business success. Yet minority-owned businesses continue to face disproportionate barriers in accessing advanced payment technology, which hinders customer acquisition, financial management, and long-term sustainability. As one of the few AAPI-owned Fintech firms in the U.S. and the second AAPI-owned payment processor to achieve Full-Service Provider status, Universal Processing is bridging the gap between minority entrepreneurs and next-generation payment solutions. The new headquarters represents more than just an expansion-it's a strategic investment in the future of inclusive Fintech. "In today's digital economy, small businesses need more than just a payment processor-they need a partner who understands their unique challenges and provides tailored solutions," says Saint Hung, CEO of Universal Processing. "That's why we built a company that doesn't just process payments, but helps underserved businesses compete at a global level with cutting-edge financial tools, multilingual support, and transparent pricing." Building Fintech Solutions That Matter The new headquarters will serve as a hub for continued innovation, featuring: Tap-to-Pay and Omnichannel Capabilities - Empowering businesses to accept payments anywhere, from mobile to in-store. In-Language Customer Support - Offering 24/7, U.S.-based assistance in multiple languages to serve diverse business owners. Financial Education & Resources - Providing tools and insights to help entrepreneurs scale sustainably. A Commitment to Minority Entrepreneurs Studies show that 70% of minority business owners believe that limited access to technology negatively impacts their business viability. Universal Processing is tackling this challenge head-on by ensuring that underserved businesses have access to enterprise-level payment tools-without enterprise-level complexity or costs. "The ability to accept digital payments shouldn't be a privilege-it should be a standard," added Hung. "With our new headquarters, we are doubling down on our mission to democratize access to Fintech solutions, helping more businesses move 'uP'." Join the Grand Opening To celebrate this milestone, Universal Processing invites partners, clients, and industry leaders to its grand opening event at the new headquarters on June 26th. The event will feature live demonstrations of payment technologies, discussions on the future of Fintech, and insights from industry experts on empowering minority-owned businesses in a digital-first economy. For media inquiries, event details, or partnership opportunities, please contact: Yin Yupr@ About Universal Processing Universal Processing is an award-winning Fintech and payment solutions provider, specializing in serving underserved businesses and partner channels with full-service payment processing. As a certified Minority-Owned Business, uP is committed to providing transparent, secure, and scalable payment solutions with 24/7 multilingual support. Learn more at To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
20-06-2025
- Business
- Yahoo
Alipay+ introduces smart glasses payment solution in Hong Kong
Alipay+, the unified wallet gateway service operated by Ant International, has introduced a smart glasses-embedded payment solution for global e-wallets. The first real-world transaction using this technology took place in Hong Kong. It was completed in collaboration with Meizu, using Meizu StarV Snap smart glasses and AlipayHK, a superapp in Hong Kong. Users can make payments through QR code scans or voice commands, the company said. The system is supported by Alipay+'s AI-driven voice interface, intent recognition, and voiceprint authentication technologies. The feature is expected to be made available to Alipay+ global partner e-wallets in 2025, following the integration of Alipay+'s upgraded technology suite for smart glasses. In April 2025, Meizu announced the introduction of the offline AI glasses-enabled mobile payment function, which is powered by Alipay+. The payment software development kit (SDK) solutions from Alipay+ are now incorporated into all new Meizu smart glasses. These glasses are supported by Meizu's optical waveguide display technology, voice noise reduction and capture technology, and camera-based code scanning technology. Alipay+ connects over 1.7 billion user accounts across 36 global e-wallets, national QR schemes, and banking apps to 100 million merchants in more than 70 markets. Meizu XR Division general manager Peng Guo said: 'The innovation in the payment scenario has enhanced the practicality and appeal of smart glasses and also promoted the progress and development of the AR glasses industry. We hope this function will bring more convenient experiences to users.' Alipay+ has expanded its offerings to include QR-based and card payments through a global NFC solution, as well as a suite of AI features such as MCP-based AI payments that are part of Alipay+ GenAI Cockpit, an AI-as-a-Service platform for financial technology firms. Ant International chief innovation officer Jiangming Yang stated: 'We are grateful to work with industry leaders like Meizu to pioneer smart glasses-embedded payment solutions. 'We look forward to supporting more industry partners with one integration into Alipay+'s premium wallet ecosystem across global markets, to help them build broader user scenarios and achieve growth.' Last month, Alipay+ expanded its collaboration with Whale Cloud, a technology firm, to offer businesses technology solutions for the development of their own mobile applications by leveraging Alipay+ Wallet Tech. "Alipay+ introduces smart glasses payment solution in Hong Kong " 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 while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
