Velera’s Post

In the latest edition of the Velera Payments Index, we found the April 2024 monthly balance transfer dollars more in line with prior-year months of April, down 4% year over year. However, the volume of balance transfer transactions was down by 18%. ➡️ Download the report for more insights: https://bit.ly/3yg6xAo #CreditUnions #payments #WeAreVelera

Peer-to-peer (P2P) transaction volume hit an estimated $1.4 trillion in 2023, a figure that is expected to grow to nearly $2.3 trillion by 2026. In our latest blog, Amy Evans, SVP of Strategic Network Solutions at Velera, explains why P2P payments solutions, like Zelle®, are a must-have offering for members in your credit union's payments toolkit. ➡️ Read the blog: https://bit.ly/3Xtt8Eg #CreditUnions #Zelle #payments

Announcing NIMBUS: A New Era of Credit on UPI I am delighted to introduce NIMBUS, our innovative Credit line on UPI platform, designed to enhance the financial services landscape. NIMBUS represents a significant advancement in providing seamless and instant credit access to users through their UPI platforms. This groundbreaking development has been made possible through the tireless efforts and dedication of our incredible team. Congratulations to everyone involved in making NIMBUS a reality. Your hard work and commitment have paved the way for a brighter financial future. NIMBUS will open new opportunities for banks to better serve their customers and drive financial inclusion. By integrating with UPI, banks can now offer instant credit solutions that are both efficient and accessible, ensuring that users have access to the funds they need, when they need them. This not only enhances customer satisfaction but also empowers banks to expand their reach and impact in the financial ecosystem. Join us in this exciting journey to redefine credit accessibility and revolutionize banking services. #NIMBUS #CreditLineOnUPI #CreditLine #UPI #Banking #FinancialInclusion #FintechInnovation

It wouldn't be Vegas without a great story...! 😂🍰🤷🏻♀️ Happy to connect with so many of you already at Electronic Transactions Association Transact 2024 and really looking forward to the next couple of days. #eta2024 #lasvegas #argylepayments #creditcardprocessing #payments #iso #agent #partner #paymentprocessing #paymentsolutuons

#MoneyToday | In a recent update, #SBI has revealed that it will be increasing the annual maintenance charges for select #debitcards by Rs 75. The changes will come into effect from April 1, 2024

1) What exactly are you paying in credit card processing fees? 2) When did they go up? 3) How can you reduce or eliminate credit card fees? Answers...1) Too much. 2) When you weren't looking. 3) Call me Steve@IntegrityPayments.com https://lnkd.in/damzjkht #paymentprocessing #creditcardprocessing #possystems #lending #clover #lavu #quantic #lightspeed #acadia #swipesimple #atms

According to Auriemma’s latest research, 49% of credit cardholders have ever abandoned an online payment card application. And abandonment is even more common among those with lower FICO scores. Issuers looking to curb abandonment should consider pre-approved offers, as many of these lower FICO cardholders often abandon because they think they will be rejected. #creditcard #debitcard #payments #creditcardapplication #FICO #research #us

Velera has published the June edition of the Velera Payments Index! Check out a few of the key takeaways from this month's Index: https://loom.ly/u9HJaNs #creditunions #creditcards #debitcards

Need advice on managing your Vyne account? Got a question about refunds? Looking for support with topping up a settlement account? Our Help Centre provides Vyne merchants and consumers with all the support needed. If your questions aren’t answered in our Help Centre, submit a request for further support which will be dealt with swiftly by the Vyne support team. Browse our Help Centre and request support here 👇 https://hubs.la/Q02xm_Yl0 #openbanking #payments

We finish FY24 with #Invoicemart reaching a new high of facilitating Rs 1lac crore of #MSME Invoice Financing through #TReDS since inception! As the largest #TReDS platform, over the last 7 years, we continue to - be preferred platform for all stakeholders with 1700+ #Buyers - build awareness among #MSMEs. servicing 29500+ #MSME across 5000+ postal codes - collaborate effectively with all #Financiers and provide best in class customer service - use latest technology and infra (only TReDS platform on #AWS) - ensure adequate data protection and information security (ISO 27001 certified) We will continue pushing the boundaries and creating new milestones in TReDS in FY25. With discussions underway with several Govt for participation on Invoicemart- TReDS we should see more Corporates, State PSUs etc starting to making payments to their MSMEs through this digital marketplace. Speaking on this new milestone, Prakash Sankaran, MD & CEO, Invoicemart, said, “We are seeing increased participation by Corporate and Government Buyers on one side and the Banking system including NBFC/Factors on the other. Invoicemart’s superior technology and strong customer service are driving this growth. In FY24, we also saw a change in pace of participation from our Financiers including the largest public sector banks. Government’s adoption of TReDS including State Government Business will positively impact the outlook going forward.” To read coverage about Invoicemart achieving Rs 1lac crore milestone and our expectations in FY25 pls click on the link: https://lnkd.in/dGjqa287 #invoicemart #largesttredsplatform #msmeindia #msme #atreds #treds #tredsgrowth #digitalmarketplace #msmeinvoicediscounting