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How Credit Card Companies make Money?

How triple C makes money????????????? The way credit cards offer benefits like lounge access or airline miles revolves around partnerships, reward structures, and interchange fees. Here’s a breakdown of how it typically works: In essence, credit card issuers leverage partnerships, reward structures, interchange fees, and other revenue streams to offer enticing travel-related benefits to cardholders. […]

Challenges faced by a Credit/Debit Card Issuance System

A credit/debit card issuance system is pivotal in facilitating the issuance, management, and monitoring of credit/debit cards for consumers. However, several challenges can arise within such systems: Companies having Credit/Debit Card issuance stacks are M2P Fintech, Pine Labs, Fintech startup Power In summary, while a credit/debit card issuance system offers numerous benefits in terms of […]

Challenges Core Banking System Faces

Core banking systems are the backbone of a bank’s operations, handling various essential functions from transaction processing to customer management. However, like any complex system, they can face several challenges: Some examples of Core Banking Systems are: Turing CBS by M2P Fintech Finacle Digital Banking Suite by Infosys FLEXCUBE by Oracle Temenos Transact TCS BaNCS […]

Unmasking Concerns – A Call for Transparency in Banking Practices

In the complex landscape of financial institutions, trust forms the cornerstone of the relationship between banks and their customers. Recently, an individual came forward on LinkedIn, shedding light on alleged fraudulent practices experienced at one of India’s prominent private banks, Axis Bank. It is crucial to recognize and address such concerns to uphold the integrity […]

Facilitating Global Transactions: The Evolution of Cross-Border Payment Solutions

In an increasingly interconnected world, the need for seamless and efficient cross-border payment solutions has become paramount. Businesses, individuals, and financial institutions engaged in international transactions require reliable methods to transfer funds across borders. This article explores the evolution of cross-border payment solutions, their significance, challenges, and the innovations shaping the future of global financial […]

Empowering Financial Transactions: The Role of Debit Card Issuers

In the contemporary world of finance, debit cards have become an indispensable tool, offering users a seamless and efficient means of accessing their funds. Behind the scenes of every debit card is a debit card issuer, the entity responsible for facilitating the issuance, management, and security of these financial instruments. This article explores the pivotal […]

Unlocking Convenience: The Rise and Relevance of Prepaid Instruments

In an era dominated by digital transactions and cashless economies, prepaid instruments have emerged as versatile financial tools, revolutionizing the way people manage their money. A prepaid instrument, in essence, is a pre-loaded monetary value stored in a card, mobile wallet, or other electronic form, allowing users to make transactions conveniently without the need for […]

Global Fintech Fest – 2023

Global Fintech Fest is going to be conducted in Mumbai from 05th September to 07th September 2023 Venue – Jio World Centre Global Fintech Fest (GFF) is jointly organized by NPCI (National Payments Corporation of India), PCI (Payments Council of India), and FCC(Fintech Convergence Council) It will be conducted over 3 days with 13 tracks, […]