article thumbnail

Nobody Knows : Steel & Blockchains

Tom Tunguz

Asking “What problems do blockchains solve?” Blockchain networks are a new construction material for building a better internet. Which database did PayPal use to enable internet payments? 1 Venmo surged with social & mobile payments in the 2010s. They store less data. Nobody knows. Which database did they use?

article thumbnail

Payment Security: Everything You Need to Know About Secure Payments

Stax

In 2023, the cost of fraud to online businesses was $48 billion globally, according to Mastercard. To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. of the global population using this method of payment in 2022.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is B2B Payments Processing and How Do You Implement It?

Stax

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. consumers using two or more types of digital payment methods increased by 8%. Learn More What are B2B Payments?

article thumbnail

Recurring Payments: Definition and Implementation Best Practices

Stax

That’s why businesses are constantly seeking innovative ways to streamline operations and enhance customer experiences. We can see this trend in action in the realm of payment processing with the advent of recurring payments, also known as automatic payments. Learn More What are Recurring Billing and Payments?

article thumbnail

Thinking of Accepting Crypto Payments as a Business? Here’s How 6 Major Companies Are Doing It.

BitPay

Here are some of the most well-known companies accepting crypto as payment and what’s driving the adoption. 6 Major Companies Accepting Crypto as Payment Accepting crypto payments as a business isn’t just for the tech-focused industries. AT&T AT&T is just one of the utilities companies enabling crypto payments.

article thumbnail

What Is Merchant of Record (MoR)? How It Can Become the Backbone of Your Online Transactions

Subscription Flow

Establishing a smooth and streamlined online transaction processing setup is important for every business. When payment processing is smooth, the flow of the recurring revenue stream automatically remains steady. So, many companies have started offering Merchant of Record payment processing services. What Is MoR?

article thumbnail

What is the Technological Backbone? Enabling Agile Monetization Through Advanced Platforms

Blulogix

Agile monetization, with its emphasis on flexibility, responsiveness, and customer-centricity, relies heavily on technological innovation to remain effective and competitive. Foster a Culture of Innovation: Encourage a culture within your organization that embraces technological advancements and continuous learning.