Fintech Trends & Insights

Blog

NMI’s perspective on payments industry trends, innovative tech solutions, merchant management and operational best practices. 

The Benefits of Getting MIDs Directly From Your Payments Technology Partner Payment Platform The Benefits of Getting MIDs From Your Payments Technology Partner By Michelle Kosir Every business accepting direct credit card payments has a merchant account and an associated merchant identification number (MID) — a 15-digit code that identifies them to their acquirer. Traditionally, a business would receive its merchant account and MID (or MIDs) from a payment service provider. Then, it would purchase payment gateway services from a separate company and value-added services like hardware, fraud prevention tools and more from someone else. It was an inefficient model tha... Read More
SoftPOS vs mPOS: Tap to pay solutions Contactless Payments SoftPOS: The Next Evolution in Convenient Mobile Payment Systems By Kanan Keeney Convenience and affordability are two of the most important factors merchants look for in payment systems. Software point-of-sale (SoftPOS) applications — an emerging mobile payment solution — offer both. Like mobile point-of-sale (mPOS) systems, SoftPOS systems turn any phone or Android tablet into a fully secure payment acceptance terminal. But, unlike mPOS systems, which require a phone or tablet and a specialized card reader, SoftPOS eliminates the extra hardware, using just an app and a... Read More
BNPL & FICO Scores Payment Trends BNPL Will Soon Impact FICO Scores — What Will It Mean? By Kate Hampton In February 2025, FICO announced the development of a new system that incorporates buy now, pay later (BNPL) data into consumers’ credit scores. This system, which the company is preparing to roll out, marks the first big step into standardizing BNPL reporting — and closing the gap in how buyers view buy now, pay later in comparison to other credit products. The  question now is how will the change in reporting impact consumers and how will they adapt, if at all? BNPL Has Seen Significant Gr... Read More
Grow your ISO merchant portfolio with data Business Intelligence Growing Your Merchant Portfolio Through Analytics and Data By Barbora Spáčilová Payments is an ultra-competitive space, and anything that can give you an edge is worth pursuing. It’s also a data-rich space, with enormous amounts of information being generated by your merchants’ daily activities. That data is a strategic advantage — if you can capture and use it better than your competitors.  Better analytics and insights give you a deeper understanding of your merchants and their processing behavior. With that understanding you can identify new opportunities to serve th... Read More
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