Feature-Rich Platforms Are Winning in Today's Software Market: Here's How
The business-to-business (B2B) software space is getting more competitive. While there are more tools available than ever before, companies are increasingly looking to use fewer platforms — they want software that integrates a broad range of functionalities, centralizes tasks and maximizes their investment. That means software companies need to build more complete, one-stop products to stay competitive in a crowded market
Offering a wider functionality:
Simplifies workflows by reducing t...
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Fintech Trends & Insights
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NMI’s perspective on payments industry trends, innovative tech solutions, merchant management and operational best practices.
Feature-Rich Platforms Are Winning in Today's Software Market: Here's How
The business-to-business (B2B) software space is getting more competitive. While there are more tools available than ever before, companies are increasingly looking to use fewer platforms — they want software that integrates a broad range of functionalities, centralizes tasks and maximizes their investment. That means software companies need to build more complete, one-stop products to stay competitive in a crowded market
Offering a wider functionality:
Simplifies workflows by reducing t...
Read More
The Benefits of Getting MIDs From Your Payments Technology Partner
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...
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SoftPOS: The Next Evolution in Convenient Mobile Payment Systems
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...
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BNPL Will Soon Impact FICO Scores — What Will It Mean?
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...
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