How is ChatGPT helping the Payments Industry Payel Ghosh2023-06-02T11:23:24+05:30Chat Generative Pre-Trained Transformer (ChatGPT) is a pre-trained AI bot that can chat with you and generate relevant natural language text in response to your input text. The most impressive aspect of this software is that it promptly provides clear and concise information. Financial institutions, payment gateways, and processors securely [...] FacebookTwitterLinkedInEmail June 2, 2023 Read more...
How to Ensure Smooth Functionality of Embedded Payments in a Website or Application Payel Ghosh2023-04-10T18:10:58+05:30While using any non-payment app or website, sometimes we have a smooth, frictionless, seamless payment experience. Payment processes are so integrated or embedded within the non-payment apps or websites that there are no hiccups or interference while paying. Some applications have integrated payments, while others have embedded payment processes. There [...] FacebookTwitterLinkedInEmail April 10, 2023 Read more...
Overview of Cloud Hardware Security Module for Payment Applications Payel Ghosh2023-03-23T22:15:27+05:30A hardware security module (HSM) is a tamper-resistant physical computing device that safeguards and manages digital keys, performs encryption and decryption functions for digital signatures, and provides strong authentication and other cryptographic functions. HSM has mature technology, with high availability, scalability, and usability. These modules traditionally come in the [...] FacebookTwitterLinkedInEmail March 23, 2023 Read more...
Top Digital Payment Trends to Watch Out For in 2023 Payel Ghosh2023-02-02T18:40:56+05:30In 2022, we already saw the emergence of payment SaaS, the adoption of Blockchain Technology, and the evolution of Central Bank Digital Currency. We also saw new payment modes like Buy Now Pay Later, Biometric Authentication, and Biometric Payments and an increase in the use of AI and ML [...] FacebookTwitterLinkedInEmail February 2, 2023 Read more...
6 Factors to Consider While Implementing a Buy Now, Pay Later (BNPL) Program Payel Ghosh2022-11-23T12:41:39+05:30Buy now, pay later (BNPL) is a type of short-term financing provided to consumers to purchase instantly and pay at a future date. The process involves multiple players, such as consumers, financiers, and merchants. The financier carries out a soft credit check on the customer and returns a decision within seconds. Financiers [...] FacebookTwitterLinkedInEmail November 14, 2022 Read more...
The 4 Benefits of Tokenization in Digital Payments Payel Ghosh2023-02-02T17:13:34+05:30A token is a value that goes securely through the network to process payments without exposing actual card data. Tokenization aims to replace or represent specific sensitive information without compromising its security. The 16-digit payment card account number is replaced with a unique digital identifier, or the “token,” for mobile [...] FacebookTwitterLinkedInEmail September 16, 2022 Read more...
Central Bank Digital Currency (CBDC): Here is All You Need to Know Payel Ghosh2023-02-08T10:51:27+05:30As the name suggests, CBDC is the central bank-issued digital currency. It is an electronic form of sovereign currency that will appear as a liability on a central bank’s balance sheet just like physical currency. Instead of printing money, the central bank, backed by the central government, issues electronic [...] FacebookTwitterLinkedInEmail September 5, 2022 Read more...
Shield Yourself Against Payment Frauds Using AI/ML Models Payel Ghosh2022-05-23T20:44:27+05:30Scammers exist in all forms of commerce. With the advancement of e-commerce, fraud has taken on new forms and become more powerful than ever before. Fraudsters take full advantage of any loophole in any system. Preventing, detecting, and eliminating fraud is one of the major focus areas of the e-commerce [...] FacebookTwitterLinkedInEmail May 23, 2022 Read more...
How Blockchain is Solving the Pain Points in the Payments Sector Payel Ghosh2022-05-02T19:01:18+05:30Digital security has always been an issue for payment organizations and their customers. Transparent and immediate payment is the basic need. To enhance and popularize digital payments and be more customer-focused, payments need to be made easy, fast, and highly secure. Blockchain technology has come up with the solution which [...] FacebookTwitterLinkedInEmail May 2, 2022 Read more...
Cloud Migration Assurance for Digital Payment Applications Payel Ghosh2022-03-03T19:37:51+05:30The Need for Digital Payment Applications to be Migrated to the Cloud: Like all other industries, the payment industry is also evolving. The driving factors for the evolution are cost-reduction, convenience, speed, and security. These are the reasons why cloud systems are being considered for digital payment applications as well. The [...] FacebookTwitterLinkedInEmail March 3, 2022 Read more...