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Visa Interchange Rates 2024: What You Need to Know

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The Visa interchange fee increases occurring in both October 2023 and April 2024 are expected to cost an additional $502M in yearly fees for all relevant merchants. Visa had put off interchange rate changes during the pandemic years, so they’ve been introducing changes in two phases, with the second wave of updates coming in April 2024.

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The 7 Best Mobile POS Systems for Small Businesses in 2024

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mPOS solutions are the superpower for small businesses in 2024. Some may still want to allow magstripe card payments, but near-field communication (NFC) compatibility is non-negotiable for 2024 and beyond. As contactless and digital payments continue gaining prominence, mPOS systems adapt to these trends.

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FSM Software: 7 Growth Tips for Field Service Management Software Providers

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TL;DR Understanding your target market is the first step to growing your FSM software business FSM software providers need to invest in product development and innovation to stay up-to-date with industry trends, forecast market needs, and respond with innovative solutions. It’s not just about staying up-to-date with industry trends.

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What is Embedded Finance and Embedded Fintech?

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Embedded fintech opportunities for financial institutions include subscription management , bill negotiation services, wealth transfer management, data breach and identity protection, and cryptocurrency investing. Not many trends stay relevant for a long time. from 2024 to 2030.

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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

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Further, Statista projects that the value of global digital transactions will exceed $11 trillion in 2024. Moreover, they also allow businesses to not only monitor electronic payments but also obtain helpful data and trends. Both aim to provide seamless, efficient, and user-friendly payment experiences.