The payment processing industry is experiencing a significant transformation as the global trend shifts towards cashless transactions. With businesses and consumers increasingly adopting digital payments, companies like American Express (AXP), Visa Inc. (V), and Mastercard Incorporated (MA) are at
In what marks a notable shift in spending behavior, a recent study has revealed that nearly 75% of baby boomers plan to utilize split-payment methods such as buy-now, pay-later (BNPL) options for their holiday purchases. This data suggests a growing trend among different generational groups,
In the past week, several prominent UK retail brands, including McDonald's, Tesco, Sainsbury's, and Greggs, experienced significant payment-processing failures. These disruptions, which ranged from order-processing issues to the inability to accept contactless payments, have raised concerns about
Talkdesk, a leader in the Contact Center as a Service (CCaaS) industry, has recently introduced its pioneering Autopilot solution, which is a generative AI-driven virtual assistant creatively tailored for the banking and retail sectors. This innovative and advanced tool integrates generative AI
As the anticipation for Black Friday shopping grows, Shoprite Group has strategically completed the upgrade of their point-of-sale (POS) systems just in time to meet the demand of this high-traffic shopping period. This upgrade was not only about keeping up with retail industry trends but also
In a significant move to enhance the financial ecosystem, the Central Bank of Libya (CBL) has announced a substantial reduction in point-of-sale (POS) e-payment charges administered by its state National Switch operator, Moamalat Financial Services Company. These charges have been cut to 1 and 1.5
