FinXP’s Post

Review: The Networked Cyprus-Based High-Risk Payment Prozessor Sureswipe E.M.I. #Sureswipe E.M.I. operates as an e-money institution (EMI) within high-risk segments such as online casinos, sports betting, and gambling, primarily through licensed domains and brands rather than its own Revsto brand. The licensing from EMD agents to service merchants in these segments raises significant transparency concerns. The company’s regulated status by the Central Bank of Cyprus and its lack of disclosure about its high-risk segment activities further compound these concerns. #highrisk #cyberfinance #fintech #payrate42

🚀 Token Migration Simplified! 🚀 Last month, I received an email from one of the largest hosting companies in the EU, hosting 3 of my personal VPS, asking to re-provide my card details due to a PSP migration. It blew my mind that this kind of issue still occurs! 🤯 Migrating tokens between PSPs is often seen as daunting, but it doesn’t have to be! At NORBr, we’ve made the process seamless and efficient. Merchants can manage multiple PSPs by leveraging innovative solutions, ensuring a smooth payment system. 🌟 Key Takeaways: • Immediate use of new PSPs • Seamless integration for recurring payments • Universal token representation • Minimal service disruptions • Lower overall costs Curious about the details? Check out our latest blog post for a deep dive into how we revolutionize token migration! 🌐 Special kudos to Dwayne Gefferie for inspiring our analysis! 🌟 👇 Read the full article in the comments! 👇 #TokenMigration #PaymentSolutions #Ecommerce #Fintech #PaymentsOptimization #NORBr #Token

Why Migrating Tokens Doesn't Have to Be Complicated 🚀 Migrating #tokens between #PSPs is often seen as a daunting task. However, simplifying token migration is not only possible but also essential for optimizing payment performance. In our latest article, we explore why migrating tokens doesn't have to be complicated and how solutions like NORBr can make the process seamless. By leveraging innovative approaches, merchants can efficiently manage and integrate multiple PSPs, ensuring a smooth and efficient payment system. 🌟 Key Takeaways: • Immediate use of new PSPs • Seamless integration for recurring payments • Universal token representation • Minimal service disruptions • Lower overall costs A special shoutout to Dwayne Gefferie for his insightful post on the necessity of multiple PSPs for optimal payment performance. His expertise greatly inspired our analysis. 🔗 Link to the full article is in the comments below. #TokenMigration #PaymentSolutions #Ecommerce #Fintech #PaymentsOptimization #NORBr

Orum.io, the simplest API for fast, reliable payments, announced that it is live with FedACH and will be adding FedNow and FedWire services. The direct connection to the Federal Reserve’s payment rails as a service provider is part of Orum’s new money movement API, Deliver. The Deliver API orchestrates and optimizes money movement through Federal Reserve payment rails on behalf of banking institutions. Clearing the bar for a direct connection for payment processing and settlement is exceptionally difficult. Meeting the criteria for direct access requires organizations to meet and exceed the Federal Reserve’s rigorous diligence, contracting and IT testing requirements, as well as those of sponsoring financial institutions. Many payments platforms and fintechs cannot gain access to all the possible payment rails while also requiring them to navigate technical issues and frequent downtime depending on their banking partner. According to the Ponemon Institute, downtime can cost businesses as much as $500,000 per hour. Source: https://lnkd.in/ewJBNVQp #fintech #api #payments #paymentsolutions #paymentservices #fednow #financialtechnology #financialservices #fintechnews

iGaming Update We knew this week would be "hot," but wow, it’s on fire! 🔥 🚨 Breaking News for Brazil’s Gambling Scene! 🚨 Starting today, October 2nd, credit card payments are officially banned for betting transactions in Brazil. This rule was originally set for 2025, but Abecs hit fast-forward after banks and retailers demanded immediate action. The heat is on for gaming businesses to adapt, or they’ll be in hot water with major disruptions ahead. 💥 Stay tuned as we navigate this evolving regulatory storm! 🌪️ #GamblingRegulation #Brazil #BettingIndustry #Payments #Compliance #Fintech #letpay

🔊 New Compliance Listing 🔊 #CASHlib is a service providing prepaid vouchers used for online payments without needing a bank account or credit card. They are mentioned in a review of the illegal online casino Atlantis Slots, which operates without a valid gambling license in the EEA. 🔗 Read More on: https://lnkd.in/dtquYSzY #casino #gambling #payrate42 #fintech #payment #highrisk #cyberfinance

One of the rewarding things about working for a high growth scale up (which was pre Series A when I joined) is seeing the impact of scale and persistence on our scope, reach and impact. Sibos is THE event for banks, and Swift traditionally their payment network of choice. So seeing Thunes front and centre is a huge validation of the value of our Direct Global Network.

Majority of you all aced last week's TGIF quiz! Well done👏👏👏 Now here is a quick breakdown to understand better💡 🎯Issuers: These are the financial institutions that oversee your accounts. They're like the gatekeepers of your money. 🎯Acquirers: They work for the merchants, processing payments you make and connecting with card networks (Visa, Mastercard) or payment gateways to get authorization. Think of them as the bridge between you and the merchant. Why do payment tokens come from Issuers? ➡Payment tokens act as a safe alternative to your real money. Your real money is with the issuers so they are the only ones that can give you a representative of it for safe use in different payment methods. Simple, right? Have any questions? Please share them in the comments below! Follow us at The PaymentLogue to learn payment and Fintech intricacies on the go! #Fintech #PaymentProcessing #tech #thepaymentlogue #tgif #quiz #africa

*𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐭𝐡𝐞 𝐀𝐩𝐩 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐒𝐭𝐚𝐫𝐭 𝐓𝐫𝐚𝐝𝐢𝐧𝐠* https://lnkd.in/giikXmfN Looking for reliability in crypto? 🔒 Look no further than MultiBank.io! Backed by MultiBank Group's 14 global licenses, we offer peace of mind and security like no other. Start trading with confidence today! 💼✨ 📱Download the App: https://lnkd.in/giikXmfN #MultiBankGroup #MultiBankio #TradeWithConfidence #Trade #TradeSecurely #Regulations

Illegal online casinos are thriving, with platforms like Cazimbo Casino exemplifying the complex web of operations that enable these unregulated entities to flourish. Central to their survival are payment processors, which, intentionally or otherwise, facilitate transactions for these shadowy operations. A recent investigation by FinTelegram has shed light on the disturbing role that these financial intermediaries play in sustaining such illegal enterprises, particularly focusing on the operations linked to Cyprus-based entities. 🔎 Read More: https://lnkd.in/drsymrtN #highrisk #payment #cyberfinance #fintech #casino