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RTP® Network Boosts Transaction Limit to $10 Million

RTP® Network Boosts Transaction Limit to $10 Million

Hey Payments Fanatic! The Clearing House is raising its RTP® network transaction limit to $10 million, effective February 9, 2025. The increased limit enables instant payments for commercial real estate closings after business hours, daily merchant settlements, immediate supplier payments for manufacturers, and efficient cash concentration for business accounts. "

Record-Breaking Black Friday Cyber Monday Weekend

Record-Breaking Black Friday Cyber Monday Weekend

Hey Payments Fanatic! The 2024 Black Friday/Cyber Monday weekend has transformed into a record-breaking global phenomenon! Let me break down the most impressive numbers for you: Shopify's Record-Breaking Performance: * Total sales reached $11.5B (up 24% from 2023's $9.3B) * 76+ million consumers made purchases

Brazil's Instant Payments Double on Black Friday

Brazil's Instant Payments Double on Black Friday

Hey Payments Fanatic! Brazil's instant payment system Pix has recorded a 120.7% increase in transaction value during Black Friday 2024, reaching 130 billion reais ($21.60 billion) compared to 58.9 billion reais in the previous year, according to central bank data. The system also achieved a

Think You’re the Best in Payments? Prove It with Transacteroids!👾

Think You’re the Best in Payments? Prove It with Transacteroids!👾

Happy Black Friday Payments Fanatic! Peak season is upon us, and for payments professionals, it’s a time of high stakes and endless challenges. But who says we can’t have a little fun along the way? 🎮 Yesterday, I took a break to try out Checkout.com’s Transacteroids game—

Yuno Enables Secure Checkout with Mastercard

Yuno Enables Secure Checkout with Mastercard

Hey Payments Fanatic! Global payment orchestrator Yuno is rolling out Mastercard's Click to Pay at checkout to all its clients across 40 markets worldwide. This integration aims to tackle the growing challenge of cart abandonment in e-commerce, which reached 70.19% globally in 2023 according to Statista, resulting

Mollie Partners with PayPal, Checkout.com Integrates Bizum

Mollie Partners with PayPal, Checkout.com Integrates Bizum

Hey Payments Fanatic! European payment providers are making strategic moves to strengthen their local market presence. Mollie and PayPal are joining forces to revolutionize marketplace payments across Europe, with Mollie becoming one of the few providers authorized to offer PayPal to marketplaces. Through Mollie Connect, marketplaces can now integrate PayPal

Mastercard and Unzer Boost Open Banking in Europe

Mastercard and Unzer Boost Open Banking in Europe

Hey Payments Fanatic! The European payments landscape is evolving as Unzer selects Mastercard as its strategic open banking partner across Germany, Austria, and Denmark. This collaboration aims to enhance account-based payments through Unzer's payment gateways, enabling direct bank-to-merchant transactions with built-in biometric verification. The partnership leverages Mastercard'