Marcel van Oost's Linkedin Analytics

Payment Gateway 🆚 Payment Orchestration

😬 FOMO on FinTech News? Worry no more: This Week’s Top 7️⃣ Updates, Together with Fintech Meetup 1️⃣ DEUNA and Worldpay Have Joined Forces to Make e-Commerce Operations Easier Across LATAM. 2️⃣ Airwallex Launches its 'Shifted Perspectives' Campaign with McLaren for the 2025 Formula 1 Season. 3️⃣ Ualá Seeks Additional Banking Licenses in LATAM and Launches POS Pro in Mexico. 4️⃣ Revolut Explores $60B Share Sale While Expanding Services with New Checking Account and PIX Integration in Brazil. 5️⃣ PayPal Unveiled Major Updates and Product News at Investor Day. 6️⃣ Stripe Announces New Tender Offer Valuing the Company at $91.5 Billion. 7️⃣ Taktile Secures $54M to Enable AI Adoption for Decision Making in Financial Services. This newsletter also includes: Jon Stona, Glauber Mota, David Jimenez Maireles, Mercado Libre, Nubank, Grab, App Economy Insights, 5Díaspy This, and more, in my latest weekly FinTech News briefing you’ll actually look forward to reading👇 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #financialtechnology #fintechindustry #payments #paytech #digitalpayments #paymentindustry #banking #bankingindustry #digitalbanking #fintechnews #buynowpaylater

🚨 𝙅𝙐𝙎𝙏 𝙄𝙉: Trump Reveals U.S. ‘Crypto Reserve’ Price Bombshell—Sending XRP, Solana, Cardano And Bitcoin Soaring. “𝙄 𝙬𝙞𝙡𝙡 𝙢𝙖𝙠𝙚 𝙨𝙪𝙧𝙚 𝙩𝙝𝙚 𝙐.𝙎. 𝙞𝙨 𝙩𝙝𝙚 𝙘𝙧𝙮𝙥𝙩𝙤 𝙘𝙖𝙥𝙞𝙩𝙖𝙡 𝙤𝙛 𝙩𝙝𝙚 𝙬𝙤𝙧𝙡𝙙. 𝙒𝙚 𝙖𝙧𝙚 𝙢𝙖𝙠𝙞𝙣𝙜 𝘼𝙢𝙚𝙧𝙞𝙘𝙖 𝙜𝙧𝙚𝙖𝙩 𝙖𝙜𝙖𝙞𝙣.” Bitcoin and major cryptocurrencies Ripple’s XRP, solana and cardano have rocketed higher after Donald Trump revealed plans to create a U.S.-focused crypto reserve. The bitcoin price shot toward $90,000 per bitcoin following Trump’s post, despite not being named as being included in the planned U.S. crypto reserve. Ripple’s XRP and ethereum rivals solana and cardano—all regarded as U.S.-made cryptocurrencies—each rose between 20% and 50%. Source/more info: https://lnkd.in/djRkw3Jd Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

The Collison brothers (John & Patrick) explain why Stripe is better off staying Private: " This is our life's work. We're not going anywhere. We'll be very happily running Stripe in 10 years time, in 20 years time." "If you need a 25-year old Fidelity analyst asking you to double click on your CapEx, blah, blah, blah, to run the company with discipline, something is horribly wrong at the company and you need new management." Earlier this week, Stripe announced a tender offer for employees and shareholders that values the payments company at $𝟵𝟭.𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻, and also revealed today that it generated $𝟭.𝟰 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 in total payment volume in 2024 🤯 (https://lnkd.in/drQ952CR) Source video: All-In Podcast Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

Mis 7 principales actualizaciones de noticias FinTech que no querrás perderte: ¿Me perdí alguna actualización? ¡Déjala en los comentarios!👇 1️⃣- Taktile Recauda $54M Para Impulsar la IA en la Toma de Decisiones Financieras 2️⃣- Airwallex Lanza su Campaña 'Shifted Perspectives' con McLaren para la Temporada 2025 de Fórmula 1 3️⃣- Subasta Benéfica de Ecommpay Recauda Más de €7,000 para Street Child 4️⃣- Checkout.com Amplía su Presencia en EE.UU. con una Nueva Oficina en San Francisco 5️⃣- Marqeta Refuerza su Presencia en el Reino Unido y la UE 6️⃣- BNY Mellon y OpenAI Establecen una Alianza para Impulsar la IA 7️⃣- El Auge de las FinTech: Stripe Alcanza los $92,000M, Revolut Llega a $60,000M Lee el boletín completo para obtener más actualizaciones de noticias, análisis y el mejor #fintechreport a continuación👇 Este boletín también incluye: Jason Mikula, Maik Taro Wehmeyer, John Collison, Jon Stona, Mike Milotich, TransactPay, Monument, Michael Morley, Jonathan Burrell, Weavr.io, Stelios Pallis, XS.com, Alvaro Vertiz, NALA, Lockchain.ai, Paytm, Perplexity, y más ¿Te resultó útil? [ 𝗰𝗼𝗺𝗽𝗮𝗿𝘁𝗲 ] ¿Algo más que añadir sobre este tema? [ 𝘁𝗲 𝗶𝗻𝘃𝗶𝘁𝗼 𝗮 𝗰𝗼𝗺𝗲𝗻𝘁𝗮𝗿 ] ¡Buena historia, Marcel! ¡Siguiente! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechindustry #financialtechnology #payments #paytech #openbanking #regtech #blockchain #bankingtech #digitalbanking #neobank #challengerbank #openfinance #fintechnews

My top 7 FinTech News Updates you don't want to miss today: Did I miss an update? Drop it in the comments👇 1️⃣- FinTech Heats Up: Stripe Nears $92B, Revolut Hits $60B 2️⃣- Airwallex Launches its 'Shifted Perspectives' Campaign with McLaren for the 2025 Formula 1 Season 3️⃣- Ecommpay Charity Auction Raises over €7,000 for Street Child 4️⃣- Checkout.com Continues U.S. Expansion with Launch of San Francisco Office 5️⃣- Marqeta Strengthens Its UK & EU Footprint 6️⃣- BNY Mellon and OpenAI Forge AI Partnership 7️⃣- Taktile Secures $54M to Enable AI Adoption for Decision Making in Financial Services Read the complete newsletter for more news updates, insights and the best #fintechreport below👇 This newsletter also includes: Jason Mikula, John Collison, Jon Stona, Mike Milotich, TransactPay, Monument, Michael Morley, Jonathan Burrell, Weavr.io, Stelios Pallis, XS.com, Alvaro Vertiz, NALA, Lockchain.ai, Paytm, Perplexity, and more! Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #fintechindustry #financialtechnology #payments #paytech #openbanking #regtech #blockchain #bankingtech #digitalbanking #neobank #challengerbank #openfinance #fintechnews

Here are the latest Payments News Updates you don't want to miss today: Did I miss an update? Drop it in the comments 👇 1️⃣- Marqeta Strengthens Its UK & EU Footprint 2️⃣- Ecommpay Charity Auction Raises Over €7,000 for Street Child 3️⃣- Checkout.com Continues U.S. Expansion with Launch of San Francisco Office 4️⃣- Stripe Nears $92B Valuation and Partners with Scalapay 5️⃣- Ondo Finance Becomes First RWA Provider on Mastercard Multi-Token Network 6️⃣- Flutterwave Launches in Zambia with Payment System License 7️⃣- Belvo Rolls Out Biometric Pix in Brazil 8️⃣- Mastercard & Emirates NBD Partner to Accelerate Digital Payment Adoption with New Solutions 9️⃣- Payoneer Reports Fourth Quarter and Full Year 2024 Financial Results 1️⃣0️⃣- K33 Markets Introduces Instant NOK Deposits with Neonomics Read the complete newsletter for more news updates and insights, and to get the most important Payments news and analysis from around the world!   This newsletter also includes: TransactPay, Marcin Glogowski, Mike Milotich, Simon Khalaf, Hubpay, Aquanow, Unzer, and more. Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #paymentsolutions #paymentservices #paymentindustry #paymentprocessing #digitalpayments #onlinepayments #fintech #financialtechnology #fintechindustry

🚨 𝙅𝙐𝙎𝙏 𝙄𝙉: Revolut customers in Brazil 🇧🇷 can now send and receive Pix. Source: Glauber Mota - https://lnkd.in/dC2faXCt Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

Bitcoin just lost a major support at $85,000. This means it’s going to $0. See chart below👇

What is Payment Routing? Let’s break it down: Payment routing is apart of the Payment process for merchants working with multiple PSPs. The idea is that, based on a set of rules decided by the merchant, transactions will take the most efficient path to the right PSP. There are 2 types of routing, static & dynamic. 1️⃣ Static Routing: Static routing is when a merchant delivers transactions to a PSP through a route they manually configured. The path of the transaction is set in stone & can't "intelligently" make the right decision. 2️⃣ Dynamic Routing: Dynamic payment routing is able to adjust the path of the transaction in real-time, based on current conditions. It's sometimes called "smart" or "intelligent" routing since it can make decisions based on logical rules, rather than a set path. What are the benefits of dynamic routing? ► Resilience - Transactions can be rerouted if a path or node in the network goes down. ► Scalability - As payments become more complex, dynamic routing allows merchants to remove the burden of taking on more transactions than normal. Companies that are growing internationally (like Dollar Shave Club) benefit. ► Cost Effectiveness - Dynamic routing ensures that the lowest costly route is picked, meaning transaction fees are always lower on average. ► Load Balancing - To prevent congestion, or simply to fulfill volume metrics, dynamic routing can more evenly distribute transaction traffic across its existing network. Some high-risk merchant providers (like PaymentCloud) benefit here. ► User Experience - Faster transaction times, lower fees on average, & reduced likelihood of failed transactions mean that consumers don't experience friction, while merchants optimize revenue. Should merchants build a dynamic payment routing system in-house, or use a provider? This question comes up a lot. Long-term, an in-house dynamic routing system makes it hard to remain efficient & scalable. Each new alternative payment method can take 2-4 weeks to integrate, each payment method or rail can have different fees, & issue handling takes longer. By using a provider, like ACI Worldwide for example, adding new payment methods to routing is like turning on a light switch, there's only one fee for all payment methods & provider rails, and issue handling can be taken care of in minutes. Below is a diagram made by Ali Ahmed of 9️⃣ potential routing logics you might encounter. 👇 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

What’s the difference between the Visa and Mastercard (4-Party) open-loop model and American Express’s (3-Party) closed-loop model? 𝗟𝗲𝘁 𝗺𝗲 𝗲𝘅𝗽𝗹𝗮𝗶𝗻: The card networks — Visa, Mastercard, and American Express are the biggest players in the global payments landscape, but they operate differently. Visa and Mastercard operate only as payment processors using a four-party open model, whereas Amex follows a three-party closed model, allowing it to act as both a network and a lender. ► 4-Party Card Network / Open-Loop (Visa, Mastercard) This model involves consumers, issuers, merchants, & acquirers. Merchants interact with their customers and acquirers, while card networks serve as intermediaries. ► 3-Party Model / Closed-Loop (AmEx) In this model, one entity acts as the issuer, acquirer, & network. Merchants now pay a single fee, often higher compared to the 4-party model. Authorization Flow at Point of Sale (4-Party 🆚 3-Party Model) 👉 4-Party Model ► The Issuing Bank, Issuer, issues a debit/credit cards to its customer. ► The cardholder wants to buy a product and swipes the credit card at the Point of Sale (POS) terminal. ► The POS terminal sends the transaction to the Acquirer that provided the terminal (a token is shared). ► The Acquirer sends the transaction to the card network who sends the transaction to the Issuer for approval. ► The Issuer freezes the money if the transaction is approved. The approval or rejection is sent back to the acquirer, and POS. Funds are then transferred. 👉 3-Party Model — The first 3 steps are the same… but not step 4 ► American Express and Discover Financial Services perform here the function of Acquirer, Issuer and Card Network. This is so called closed loop networks are more efficient with all functions processed in one place. ► In recent years the closed loop networks have partnered with issuers and acquirers to scale their circulations. ► The approval or rejection is sent back to the acquirer, then to the POS terminal. The funds are then transferred. Key Differences: ► Visa & Mastercard are payment networks, not issuers. They partner with banks and financial institutions to offer credit, debit, and prepaid cards. ► Both are widely accepted in over 180 countries. The main difference lies in their rewards and offers (depending on issuer). ► American Express is both a card issuer and a payment network. This gives AMEX more control over customer service and rewards programs, often making it a premium choice. ► While AMEX is accepted in fewer locations than Visa and Mastercard, it offers exclusive perks for its users. Check out the great explainer video made by CNBC for a nice visualization👇 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

🚨 𝙅𝙐𝙎𝙏 𝙄𝙉: Revolut has launched a checking account in Brazilian reais, including a debit card, bill payment services, and PIX integration. But Revolut doesn’t plan to stop there. This year, it aims to introduce a local credit card and a subscription-based benefits program offering discounts on various services. The fintech’s product roadmap also includes personal loans and investment offerings. Additionally, Revolut is exploring the possibility of obtaining a full banking license from Brazil’s Central Bank, which would facilitate expansion. However, Glauber Mota, CEO of Revolut in Brazil, notes that this is optional—since mid-2023, the company has been operating with a direct credit society (SCD) license. Revolut’s strong performance in its first year in Brazil has led the company to prioritize its expansion in the country. While it does not disclose specific operational figures, Mota reveals that Revolut’s customer base grew by nearly 150% from 2023 to 2024, with similar increases in transaction volume and monthly revenue. Revolut’s long-term ambition is to operate in 100 countries, serve 100 million active customers, and generate over $100 billion in revenue. Currently, the FinTech is present in 38 countries, with 45 million customers, and reported $2.2 billion in revenue in 2023. The 2024 financial results are expected to be released in mid-2025. “Brazil is the first country to test this new strategy, achieving product parity with our more mature markets much earlier than planned,” says Mota. “Features originally scheduled for rollout over four to five years have been fast-tracked within the first year.” With these new offerings, Brazil is now catching up to more advanced Revolut markets such as Australia and Singapore. However, the country remains behind the UK and Europe, where the platform offers a more comprehensive range of financial services. Despite its strong reputation and resources, Revolut faces intense competition in Brazil’s digital banking sector, like Nubank. This environment poses challenges for new entrants. The complexity of Brazil’s banking market has deterred foreign players in the past—Germany’s N26, for example, exited Brazil in 2023 due to scalability issues. Source/read more: https://lnkd.in/emZN44Sy Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

Global Map of Payment Orchestration Providers👇 Any missing? Source: The Paypers Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #digitalpayments #paymentsorchestration #fintech #fintechindustry #financialtechnology

🚨 𝙅𝙐𝙎𝙏 𝙄𝙉: Taktile Secures $𝟱𝟰𝗠 Series B funding to enable Risk Experts to take control of AI adoption for decision making in Financial Services.  The round was led by Balderton Capital, with participation from existing investors Index Ventures, Tiger Global, Y Combinator, Prosus Ventures, Visionaries Club as well as Larry Summers, former US Secretary of the Treasury, bringing Taktile’s total funding to date to $79 million. In 2024, Taktile quadrupled its customer base and grew over 3.5x in ARR. Its customer base spans 24 markets, encompassing sophisticated fintech companies such as Mercury, Kueski, and Zilch, as well as some of the world's largest financial institutions, including Allianz and Rakuten Bank. Founded by CEO Maik Maik Taro Wehmeyer, and CPTO Maximilian Eber, Taktile closes this gap by equipping risk teams and their engineering counterparts with a shared platform to build, manage and optimize complex AI-powered workflows and agents that are governed by rules and embedded into business logic. Transforming AI from just an experiment, to something that delivers genuine business value. Maik Taro Wehmeyer states: “From day one of our journey, we believed that millions of lives could be improved by enabling organizations to make optimal decisions for their customers. By keeping experienced risk experts in control, we make it possible for even the most regulated businesses in financial services to fully adopt AI into high-stakes workflows.” Source/more info: https://lnkd.in/dkY6WQAw Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐏𝐫𝐢𝐦𝐚𝐫𝐲 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐍𝐮𝐦𝐛𝐞𝐫 (PAN)? Let's dive in: This piece is part of 𝐓𝐡𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐀𝐜𝐚𝐝𝐞𝐦𝐲 by Arthur Bedel X Connecting the dots in payments... X Checkout.com 👇 ► A 𝐏𝐫𝐢𝐦𝐚𝐫𝐲 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐍𝐮𝐦𝐛𝐞𝐫 (PAN) is a unique identifier found on payment cards (credit, debit, and prepaid). It links the cardholder to their financial institution, enabling transactions and account management. 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐨𝐟 𝐏𝐀𝐍: PANs are standardized under ISO/IEC 7812, ensuring consistency across payment networks worldwide. ► 𝐌𝐚𝐣𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐢𝐞𝐫 (MII): The first digit identifies the card’s scheme, such as Visa, Mastercard, American Express, or Discover Financial Services. ► 𝐈𝐬𝐬𝐮𝐞𝐫 𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐍𝐮𝐦𝐛𝐞𝐫 (IIN)/Bank Identification Number (BIN): The first eight digits identify the institution that issued the card (Chase, HSBC...). This helps the payment system route the transaction to the correct issuer. ► 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐢𝐞𝐫/𝐍𝐮𝐦𝐛𝐞𝐫: The remaining digits (typically digits 5 to 16 in a 16-digit PAN) uniquely link the card to the cardholder’s specific account. ► 𝐕𝐚𝐥𝐢𝐝𝐚𝐭𝐨𝐫 𝐃𝐢𝐠𝐢𝐭 (Check Digit): The last digit is calculated using the Luhn algorithm to verify the accuracy of the entire PAN, protecting against input errors or fraud. ► 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞: PANs are highly sensitive data, often tokenized or encrypted to protect against unauthorized access. Tokenization replaces the PAN with a unique identifier, enhancing payment security. — ► 𝐇𝐨𝐰 𝐝𝐨 𝐭𝐡𝐞𝐲 𝐟𝐚𝐜𝐢𝐥𝐢𝐭𝐚𝐭𝐞 𝐝𝐞𝐛𝐢𝐭 𝐚𝐧𝐝 𝐜𝐫𝐞𝐝𝐢𝐭 𝐜𝐚𝐫𝐝 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬? 1️⃣ 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐞𝐬 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 — In a card-present transaction, the PAN is collected through the card's EMV chip, magnetic stripe, or NFC technology during contactless payments. 2️⃣ 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐓𝐨𝐤𝐞𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 — The PAN is replaced with a token to protect sensitive data. This prevents exposure of the real PAN if security is compromised. 3️⃣ 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐒𝐮𝐛𝐦𝐢𝐬𝐬𝐢𝐨𝐧 — The token, transaction amount, and business details are sent to the acquiring bank. 4️⃣ 𝐈𝐬𝐬𝐮𝐞𝐫 𝐕𝐚𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 — The Issuer uses the PAN to locate the account, verify its validity, check for fraud, and confirm sufficient funds. 5️⃣ 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐢𝐨𝐧 — If approved, the issuing bank relays the approval through the payment network back to the acquiring bank, and finally to the point of sale, completing the transaction. — 𝐓𝐡𝐞 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬: ✅ Security — PANs use the Luhn algorithm for fraud prevention and are often tokenized. ✅ Interoperability — Used for physical, online, and mobile transactions . ✅ Global Compatibility — Recognized and accepted by all Sign up for my Daily Payments Newsletter for more updates like this: https://bit.ly/4iKGGCD #payments #paytech #digitalpayments #fintech

Revolut is expected to report roughly $𝟭 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in profit before tax for 2024 🤯 That would be a record and up from $545 million a year earlier. The London-headquartered firm is continuing to ready itself for an initial public offering, but its unlikely to pursue a listing until 2026 at the earliest, accordig to people familiar with the matter to Bloomberg. The company is leaning toward listing in the US 🇺🇸, they said. Investors are now pushing Revolut to consider offering another secondary share sale as new investors are scouring for ways to get a stake in the fast-growing FinTech. Some shareholders have indicated they would be interested in selling their shares in a sale that values the company at $𝟲𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻, according to people familiar with the matter: https://lnkd.in/d5cUZzZ4 That would be a significant boost from the $45 billion price tag that Revolut garnered in a secondary share sale just six months ago. Source/more info: https://lnkd.in/dK9vjfVw Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

Say hello to the new MetaMask crypto card 🦊💳

Many neobanks saw incredible customer growth yet only a few (like Nubank, Revolut, Wise) managed to monetize their customer base and grow into large, profitable businesses. Check out this very interesting summary of key stats by Multiples in the document below👇 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

𝗛𝗼𝘄 𝗱𝗼 𝗩𝗜𝗦𝗔 & 𝗠𝗮𝘀𝘁𝗲𝗿𝗰𝗮𝗿𝗱 𝗺𝗮𝗸𝗲 𝗺𝗼𝗻𝗲𝘆? This 6-step diagram shows the economics of the Credit Card payment flow from a bird’s-eye view: 1️⃣ The cardholder pays a merchant $100 to buy a product. 2️⃣ The merchant benefits from the use of the credit card with higher sales volume, and needs to compensate the issuer and the card network for providing the payment service. The acquiring bank sets a fee with the merchant, called the “𝐦𝐞𝐫𝐜𝐡𝐚𝐧𝐭 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐟𝐞𝐞.” 3️⃣-4️⃣ The acquiring bank keeps $0.25 as the 𝐚𝐜𝐪𝐮𝐢𝐫𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐮𝐩, and $1.75 is paid to the issuing bank as the 𝐢𝐧𝐭𝐞𝐫𝐜𝐡𝐚𝐧𝐠𝐞 𝐟𝐞𝐞. The merchant discount fee should cover the interchange fee. The interchange fee is set by the card network because it is less efficient for each issuing bank to negotiate fees with each merchant. 5️⃣ The card network sets up the 𝐧𝐞𝐭𝐰𝐨𝐫𝐤 𝐚𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐟𝐞𝐞𝐬 with each bank, which pays the card network for its services every month. For example, VISA charges a 0.11% assessment, plus a $0.0195 usage fee, for every swipe. 6️⃣ The cardholder pays the issuing bank for its services. Why should the issuing bank be compensated? ► The issuer pays the merchant even if the cardholder fails to pay the issuer. ► The issuer pays the merchant before the cardholder pays the issuer. ► The issuer has other operating costs, including managing customer accounts, providing statements, fraud detection, risk management, clearing & settlement, etc. Source: ByteByteGo 👈 Follow this account for more amazing updates like this one👌 More of this, and the latest FinTech news in my newsletter: https://lnkd.in/dzj26JSZ Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

Tokenization and the 𝗚𝗼𝗼𝗴𝗹𝗲 𝗣𝗮𝘆 Payment Process explained by Jas Shah👇 Here's a step-by-step explainer: 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 1️⃣ Card Addition: The user adds a card to Google Wallet by entering details, taking a photo, or tapping via NFC. 2️⃣ Google Pay & Issuer Verification: Card details are sent to Google Pay servers, which identify the issuing bank and request tokenization. 3️⃣ Tokenization Request: The issuer requests a token from a Token Service Provider (TSP) like Visa, Mastercard, or Amex. 4️⃣ Token Generation: The TSP generates a Device Primary Account Number (DPAN), stores the original PAN securely, and sends a token back to the issuer. 5️⃣ Storage in Google Wallet: Google Pay receives the token and securely stores it on the device’s Host Card Emulator, accessible via biometrics or passcode. 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗣𝗿𝗼𝗰𝗲𝘀𝘀 1. Payment Initiation: The user authenticates and taps the device on a terminal. 2. Token Transmission: The device generates a Dynamic Cryptogram containing the DPAN, Dynamic CVV, and transaction details, sending it via NFC to the POS. 3. Merchant & Network Routing: The acquiring bank routes the payment to the payment network, which recognizes the tokenized transaction and forwards it to the TSP. 4. PAN Decryption & Authorization: The TSP retrieves the original PAN and sends it to the payment network, which forwards the request to the issuing bank. 5. Bank Verification & Approval: The issuing bank verifies the Dynamic CVV and authorizes or declines the transaction. 6. Transaction Completion: The authorization response is sent back to the POS, confirming the payment, with funds settling within 48 hours. This streamlined process ensures secure, tokenized transactions, enhancing payment security while maintaining convenience. I highly recommend reading the complete deep dive article by Jas for more info on this topic: https://lnkd.in/dwrViVQ5 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]