Wednesday, April 21, 2021
April 21, 2021, marked the official launch of "sarie," an instant payment system built by Saudi Payments in partnership with IBM and Mastercard and supervised by the Saudi Central Bank (SAMA). Designed to enhance the Kingdom of Saudi Arabia's payments ecosystem, the service brings instant payments to Saudi banks throughout the region, according to project managers.
By Dale S. Laszig
Hardware remains integral to electronic transactions but is no longer the face of payments. Consumers aren't always marching single file to checkout stations to perform practiced routines. Hardware-dominant systems are acquiescing to softer payment methods. Commerce is becoming more nuanced, more of a dance than a march, with the consumer, not the device at center stage.
Company profile from GS210401
Theta Lake was founded in 2017 by two technologists with decades of leadership at Global 100 companies: Devin Redmond, chief executive officer, and Rich Sutton, chief technology officer. The Santa Barbara, Calif.-based firm is a 2019 Gartner Cool Vendor and UC Today’s 2020 Best Compliance Product and Best Security Product award recipient.
Tune in to discover how Dylish helps ISOs and agents go toe-to-toe with national restaurant delivery services, undercutting the big guys' fees and dishing out big margins on delivery and processing fees - upwards of 700bp, says Dylish's John Sarabia. Plus, Patti reports on card fraud trends, and James tackles the question of when is the right time for an agent to go out on their own.