Changing Currency

Changing Currency

"Short, tall, light, dark, caf, decaf, low-fat, non-fat, etc." (You've Got Mail). Instead of paying $0.60 for add-ons to their coffee, customers can now use 25 "Stars". Is Starbucks revamping their rewards program or trying to dissociate consumer expenditures from traditional fiat currency? Contact RPY for a conversation on how to create innovative solutions for your customers.

https://www.pymnts.com/news/retail/2019/starbucks-loyalty-rewards-store-opening/

Legal Tender

Legal Tender

“This note is legal tender for all debts, public and private,” appears on the U.S. dollar bill.  Cashless stores are a growing trend today, but we cannot forget the U.S. dollar is the currency of the land and that its acceptance is not necessarily optional.  By not accepting cash, businesses may be unintentionally discriminating against the unbanked.  To make sure your company’s payment strategy considers ALL impacts, contact RPY.

https://www.pymnts.com/cash/2019/nj-bill-ban-cashless-stores/

Risk Management

Risk Management

Payments can be a risky business but with proper risk management your business can mitigate the possibility of money laundering.  Alleviate threats to your business by having the right policies and procedures in place.   For assistance on compliance and vital policies, contact RPY.

https://medium.com/@jose_81075/transaction-monitoring-for-anti-money-laundering-based-on-digital-identities-e14666820a66

Smarter POS

Smarter POS

Life is better with friends.  Smarter POS devices are sought by every merchant segment.  If your company is hoping to compete in this fast-paced market, it will need the right partnerships. “If you try to go it alone, you don’t have a chance,” Rod Hometh, Partner at RPY Innovations, said in an article by Digital Transactions.  RPY’s experienced team can assist your business in building strategic partnerships. Connect with us today.

https://www.digitaltransactions.net/magazine_articles/get-smart/

New Product Solutions

New Product Solutions

By combining forces with American Express, Bill.com continues to innovate their product solutions.  American Express and Bill.com’s joint customers are now able to pay suppliers via American Express Business or Corporate Card using virtual card technology. Are your company’s payment offerings meeting the needs of your customers? For innovative solutions contact us today.

https://www.pymnts.com/news/b2b-payments/2019/amex-vendor-pay-invoice-payments-partnership/

Fresh Idea

Fresh Idea

Modern simplicity, #priceless. Mastercard’s iconic logo will now be wordless with only two intersecting circles, allowing for more flexibility and brand expansion in the digital age.  Could your company benefit from fresh thinking about its payment’s strategy?  RPY can help you with innovative and forward-thinking solutions.  Contact us today.

https://www.usatoday.com/story/money/business/2019/01/08/mastercard-new-logo-no-longer-has-letters-iconic-brand-move/2511521002/

B2B Payments

B2B Payments

Check yourself. ACH is dominating business to business (B2B) payments over the previous leader, the check.  Bill.com reports that 73% of businesses noted that they use ACH payments and online banking to pay their clients’ invoices.  For guidance on your business payments strategy, contact RPY Innovations.

 

https://www.pymnts.com/news/b2b-payments/2018/bill-ach-payment-rails-corporate-accounting/

Google Pay P2P

Google Pay P2P

The old becomes new again. QR Codes aren’t new but Google Pay is using them in a fresh way, to simplify peer-to-peer (P2P) payments. Google Pay will add a feature for users to pull up a QR code for others to scan and easily send them money. If you are looking for innovative ways to use current technologies contact RPY.

https://www.pymnts.com/google/2018/p2p-payments-qr-codes-mobile-app/

Canada's Interchange

Canada's Interchange

Maple syrup isn’t the only sweet thing coming out of Canada. Visa and Mastercard just sweetened the deal on interchange rates for Canadian companies. They’ve lowered the average interchange rate by 10 basis points from 1.5% to 1.4%, going in effect in 2020.  Contact RPY for tactical and practical payment solutions that could save your company money.

https://www.thepaypers.com/cards/visa-mastercard-agree-to-cut-interchange-fees-in-canada/774421-23?utm_campaign=20180820-automatic-newsletter&utm_medium=email&utm_source=newsletter&utm_content=

Drone Payments

Drone Payments

Incoming, the invasion of the drones! Cars, refrigerators and now your front doormat can make purchases.  Worldpay has announced a prototype of a landing pad for drones that will store payment information and confirm delivery location. For assistance on keeping your company up on the latest innovations in payments, contact RPY.

http://paymentsjournal.com/its-a-bird-its-a-plane-no-its-a-worldpay-drone/

MWAA Conference 2018

MWAA Conference 2018

Craving some deep-dish pizza? RPY is headed to the MWAA Conference 2018 on July 25-26 on Chicago’s Magnificent Mile.  Along with keeping up-to-date on our industry knowledge, we look forward to celebrating Holli Targan, attorney and industry expert, receiving this year’s award for Industry Achievement.  If you would like to set up a meeting with RPY at the conference, please email us at meet@rpyin.com.  We hope to see you there. 

https://www.midwestacquirers.com/

Anti-Money Laundering Webinar

Anti-Money Laundering Webinar

The landscape is changing when it comes to prevention of money laundering.  No longer is it only the responsibility of acquirers.  Payment Facilitators, ISOs, and payment service providers of all types are required to identify and report money laundering. To learn more about potential threats and applicable regulations attend the “The Underestimated Risk of Money Laundering in Merchant Acquisition” webinar on Thursday, July 19 at 1:00 pm EDT.  Caroline Hometh, the Managing Partner of RPY Innovations, will be speaking along with Jose Caldera, Chief Products and Marketing Officer, IdentityMind Global. Sign up now! The link to register is below.

https://merchacquirecommittee.webex.com/merchacquirecommittee/onstage/g.php?MTID=e0672937f65d86c1a7c260196c6955a63

B2B Payments

B2B Payments

Bad to Better? B2B global payments surge. While B2C payments have been quick to innovate, the B2B sector has been slower to adapt to technological advancements. Seeing the opportunity, venture capitalists are funding technology companies focusing in B2B payments. Need help bringing your payment solutions to businesses?  Reach out to RPY Innovations for the latest advancements.

https://www.pymnts.com/news/b2b-payments/2018/enterprise-technology-b2b-startup/

Instant Payouts

Instant Payouts

Working 9 to 5, or maybe not? Just under 40% of US workers said they receive 40% of their income from gig economy jobs, according to PYMNTS/Hyperwallet Gig Economy Index. This shift in the labor force has driven the need for seamless instant payouts. Major players including First Data and Mastercard are working together to create solutions.  If your business needs assistance in offering your customers their preferred payment method, contact RPY Innovations. 

https://www.pymnts.com/news/payment-methods/2018/first-data-mastercard-disbursements/

Open Banking

Open Banking

Are we there yet? In an era of fast changing technology, it can make slow progression feel like an eternity. Open banking is becoming more of a reality but it will take time. “You have to think in terms of 10 to 15 years from now," Rod Hometh, Partner at RPY Innovations, said in an article by The Green Sheet. To learn more about open banking and issues surrounding check out the link below. For assistance on keeping your company up on the latest developments in payments, contact RPY.

http://www.greensheet.com/emagazine.php?emagazineIssueNumber=180502

TRANSACT Tech ATL

TRANSACT Tech ATL

Good companies reinvent to take advantage of market dynamics.  Strong partnerships evolve to maximize their opportunities.  Come hear about the current evolution within the payment industry at TRANSACT Tech ATL. Rod Hometh, Partner at RPY Innovation, will be speaking on this topic along with Chris Bucolo of ControlScan, Drago Dzerve of Verifone, and David McDonald of Elavon. If you would like to schedule a personal meeting with Rod email meet@rpyin.com.

June 12, 2018 @ 12:45pm
Realignment with Traditional Partners
Location: Georgia Tech Student Center

http://www.electran.org/eta-events/2018-transact-tech-atl/

Payments Evolution

Payments Evolution

The payments industry is constantly evolving to meet customer’s needs with the latest innovations. "It's an entirely different world than it was two years ago." said Caroline Hometh, Managing Partner at RPY in reference to payment facilitation. Industry conferences are great way to network and stay informed. RPY attended Transact in April and will be at Money20/20 in October. Hope to see you there. In the meantime, please contact RPY Innovations if you have questions about payment facilitation or any other aspect of payments.   

http://www.greensheet.com/emagazine.php?article_id=5692

Combining Forces

Combining Forces

Creativity meets seamless payments. Adobe announces the acquisition of Magento Commerce.  Combining the two companies will allow Adobe to offer its customers a commerce platform for both B2B and B2C. Does your company have a great technology that could generate even more growth with integrated payments?  Contact RPY Innovations for strategic and tactical advice.

https://www.pymnts.com/news/partnerships-acquisitions/2018/adobe-magento-commerce-acquisition-cloud-digital-experience/

77% of Consumers Agree

77% of Consumers Agree

“The best things in life are free.” ATM users agree, and 77% say they are willing to go out of their way to avoid paying ATM fees.  With bank branches closing at a growing rate it is more important than ever for ATM owners to relook at their surcharges.  Is your business experiencing any pain points in its payment operations?  Contact RPY Innovations for a conversation.

https://paymentweek.com/2018-5-15-mercator-77-percent-consumers-will-anything-duck-atm-fees/