Digital payments continue to gain a larger share of payment volume and embedded fintech enabled by APIs that make it possible for nearly any software to incorporate payment capabilities is growing at unprecedented rates.  APIs, of course, are the keys to making this all possible.  But what's behind the APIs? The simple answer: digital wallets and a payment platform.  Digital Wallets vs. Mobile Wallets:  What's in it for the Payers and Payees?  Digital wallets can be accessed on any device.  But not all digital wallets are created equal.  While many use the t ..read more

Business is finally warming up to the idea of digital e-wallets, thanks to their many benefits. They provide a fast, secure, and convenient payment system. Since global e-commerce is beginning to pick up and gather pace, the demand for an efficient digital wallet increases.  In other words, today’s businesses are looking for the best and most convenient digital wallet to manage their payment processes.  While digital and mobile wallets are not a new concept, the popularity of these quick payment methods increases by the day. Why now? The answer is simple. Consumers and businesse ..read more

Last month we discussed a few of the critical differences between digital wallets and mobile wallets.  Continuing on that path, today’s post is intended to clear away some of the confusion concerning another popular term in the evolving fintech lexicon: e-wallets.   In short, there are multiple sources that make distinctions between e-wallets and digital wallets. Thus far, dictionary.com offers no definition for either term.  And until the industry coalesces around a common definition, it’s important for anyone using these terms to make clear their specific definition.&nbs ..read more

Operational Efficiency It’s not the stuff that grabs headlines but it is the key to growth and profitability, particularly in uncertain times.  In fact, according to a recent survey conducted by HSBC and Forbes, more companies are focused on increasing efficiency as their top growth strategy (44%) than finding new sources of revenues (21%) in 2020.    For Accounts Payable software makers -- and any business software solution that includes a payment process -- there’s an opportunity to do both by offering an integrated B2B payments process within their solutions.  For ..read more

As the world of global money movement adjusts to the ever-changing financial landscape, there is an almost palpable excitement in the field. After all, with more businesses than ever jockeying for a place online, through digital means, it makes sense that many aspects of money flow would move into the same space. However, despite—or perhaps because of—both the glut of information and solutions available, there is often confusion surrounding a couple key terms: electronic funds transfers (EFT) and digital payments. In this article, I’ll run through a few definitions of these two terms to clarif ..read more

  Digital wallet platforms have been around for awhile now. Long enough that there are literally hundreds of wallet apps out there. So many, in fact, that review sites now categorize them in several buckets -- mobile wallets, peer-to-peer wallets, phone-specific wallets, alt-currency wallets, bank and credit card wallets, loyalty card wallets, etc.   Meanwhile, digital B2B payments, like other B2B applications, lagged behind the consumer market. Perhaps the lag was due to use cases that are more complex and the time and effort required for integration within business workflows ..read more

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