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Austin Fintech AppBrilliance Introduces Push To Business or P2B Payments Model for Enhancing Digital Commerce
Austin-based
AppBrilliance, a payments tech firm, recently announced its strategic vision with its latest Money API-enabled, Push-To-Business (P2B) payments model, which aims to replace the traditional model and will try to shift power back to the merchant (when it comes to extra transaction fees).
AppBrilliance continues to work on its business expansion strategy. The Fintech firm has hired
Steve Mott as a Strategic Advisor. Mott is a payments expert with many years of industry experience. AppBrilliance says that it’s now set to disrupt the trillion-dollar payments industry.
DGAP-News: AppBrilliance / Key word(s): Statement AppBrilliance Unveils Push-to-Business Digital Payments Model; Solidifies Leadership with Strategic Appointment of Steve Mott to Advisory Board 03.06.2021 / 15:00 The issuer is solely responsible for the content of this announcement. AppBrillia.
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Payments Startup Continues Rapid Growth with Key Addition to Leadership Team and Reveals Vision, Business Goals with Push-to-Business Payments
AUSTIN, TX / ACCESSWIRE / June 3, 2021 / AppBrilliance, an Austin-based payments technology company, today revealed its strategic vision with its new Money API-powered, Push-To-Business (P2B) payments model, which upends the decades-old traditional model and shifts power back to the merchant when it comes to payments fees. In addition, as part of the firm s increasing momentum in recent months, it appointed Steve Mott as strategic advisor, a highly-regarded payment expert with decades of industry experience as the startup is poised to disrupt the trillion-dollar payments industry.
May 10, 2021
Pressure may be building on the Federal Reserve to take action on a debit card interchange-fee regulation that it has left intact for 10 years despite sweeping changes in the payments business, including an onrush of e-commerce transactions over the past year.
In part, observers are reacting to a report the Fed released Friday indicating that issuers’ authorization, clearing, and settlement (ACS) costs for debit have declined dramatically over the years. In 2019, those costs came to 3.9 cents per transaction, roughly half the costs in 2009, according to the report. At the same time, the 10-year-old Fed ceiling on debit card interchange, which flows to issuers, in 2019 was greater than total ACS costs plus fraud losses for nearly 79% of covered issuers and close to 100% of covered transactions, the report says.