The Covid-19 pandemic has had a significant impact on travel payments, with many changes occurring due to travel restrictions, cancellations, and changes in consumer behaviour. Here are some of the ways in which the pandemic has affected travel payments, and how Axcess Merchant Services can help you keep your payments in check in a post-Covid world.

Payment routing is the path a transaction takes after a customer makes a purchase. From the moment a payment is accepted, it flows through several different components before it can be processed, such as acquirers, issuers, and payment providers. More recently, businesses are choosing to migrate towards more dynamic payment routing options as opposed to traditional static routing.

The surge in demand for multi-acquirer solutions, particularly the rising prominence of payment orchestration in 2023, underscores the importance and relevance of adopting these strategies across industries. This article delves into the reasons why multi-acquirer approaches are fast becoming the norm in the payment landscape.

An Account Funding Transaction (AFT) is a specific type of transaction used to add money into an account.

• Prepaid cards
• Digital wallets
• Brokerage accounts
• New bank accounts

For many customers and businesses, it can be frustrating to deal with legacy bank networks that can mean payments can take days to process. This is where Visa Direct comes in, to ensure that payments can be completed almost instantly.

Are you concerned about how even the smallest financial issues can affect your company’s financial health? You’re not alone. In this blog post, we want to help you understand how something as seemingly small as chargebacks can impact your business and show you how partnering with Axcess Merchant Services can make a significant difference.

In the dynamic realm of eCommerce, fraud continues to evolve, presenting a significant threat to online merchants. As digital transactions increase, so do the tactics employed by fraudsters to exploit weaknesses in payment systems. For eCommerce merchants, understanding the various types of fraud and implementing robust countermeasures is crucial to protecting your business and maintaining customer trust.

In the previous blog, we discussed the extensive impact of fraud on the travel industry. If you would like to read up what was discussed in our previous blog you can do so by clicking here. In this second part of our series, we will explore the common types of fraud that plague the travel industry and effective strategies to prevent them.

In the dynamic landscape of online payments, fraud prevention is critical to retaining your customers' trust, your company’s financial health, and the ability to continue acceptance of card payments.

As a travel business owner, you’re no stranger to the unique challenges and risks that come with operating in the travel industry. From fluctuating currency exchange rates to cancellations and no-shows, travel businesses face a myriad of risks that can impact their bottom line. That’s where acquirers, or merchant services providers, come in. So how do acquirers mitigate risk for travel businesses?

E-commerce has emerged as a game-changer for businesses, providing unparalleled opportunities to attract new customers and boost sales in comparison to traditional physical shops. But what exactly is e-commerce? Simply put, it encompasses all online activities involving the buying and selling of products and services.

In the ever-evolving landscape of e-commerce, Artificial Intelligence (AI) stands as a transformative force, offering businesses unprecedented opportunities to innovate, streamline operations, and enhance customer experiences. Here are strategic recommendations for e-commerce businesses to leverage AI effectively, along with specific companies to consider:

E-commerce payments are evolving rapidly, and merchants and consumers alike are demanding enhanced customer experiences, improved security, and greater efficiency. To stay competitive in this landscape, the key lies in effectively using and analysing the data at your disposal.

As the holiday shopping season approaches, Black Friday remains a pivotal event for online retailers in the UK. This annual shopping extravaganza not only marks the beginning of the festive shopping season but also serves as a litmus test for the e-commerce landscape. With a staggering £9 billion spent during Black Friday 2023 alone, it’s evident that the stakes are high for businesses looking to maximise their sales during this critical period.

In the fast-paced world of travel and tourism, payment processing plays a critical role in ensuring seamless transactions for businesses and customers alike. As a travel merchant, understanding what goes on in the mind of your acquirer is essential for building strong partnerships and optimising your payment processes. Let’s explore the key factors to consider when it comes to travel payments.

In today's competitive market, it's standard practice for merchants to build redundancy into their payment ecosystems by integrating multiple payment options or acquirers. This approach not only shields your business from the ever-changing appetites of individual acquirers but also allows you to operate seamlessly across multiple markets. By leveraging a range of acquirers, you can maximise new capabilities and ensure continuity.

In the realm of digital transactions, payment routing stands as the complex yet crucial roadmap that navigates a transaction from the initial spark of customer purchase to the final crescendo of processing. Imagine this journey as a symphony, where each note represents a step - acquirers, issuers, and payment providers - intricately playing in harmony to create the perfect melody of a successful transaction...

Fresh off the plane from Cyprus and still sporting a bit of sunburn, I wanted to share some reflections from this year’s IFX Expo. The event offered a great balance between meaningful networking and focused business discussions.