In the ever-evolving payments processing landscape, there are two prominent message formats: ISO 8583 and ISO 20022. ISO 8583 is specifically for card-based transactions, and ISO 20022 covers all transactions including

Legacy back-office payment systems have served banks and payment processors well for decades, but it’s clear they can no longer keep pace with new technologies. As the payments industry moves

Check out this article in PaymentsNEXT from BHMI CTO, Michael Meeks, about maximizing agility and automation with rules-based payment processing software. In this article, Michael explains how legacy payment processing

Chargebacks are a significant and growing challenge in the payments industry. In fact, a recent study showed that merchants paid more than $100 billion in chargebacks in 2023. The rapid

While countries in Europe and Asia have moved forward in the adoption of real-time payment systems, the United States still primarily relies on cards and the ACH.  However, that trend

Software patches and updates won’t cut it in an increasingly competitive payments industry. While some payment processors, banks, and financial services companies try to hang on to their legacy systems,

The payments industry is experiencing rapid adoption of real-time payments because faster payments offer many benefits across the entire economy, including instant settlement, greater transparency, and improved liquidity management.  To support instant

As unemployment nears historical lows banks, payments processors, and financial services companies face challenges to find and retain high-quality talent. One of the important areas to consider is ensuring employees

Disputes and chargebacks have long been a challenge for credit card issuers and merchant acquirers, leading to billions of dollars in annual losses. Yet as more of the economy adopts

Interest in real-time payments is growing as consumers and businesses seek faster, more efficient, and more cost-effective methods to transact and move money.  While real-time payments offer retailers faster processing