The agreement expands Cybersource’s existing alternative payments suite
Cybersource has partnered with the provider of Account-to-Account payment solutions, Nuapay.
Nuapay’s end-to-end cloud environment for collecting recurring payments has been integrated into Cybersource’s payment gateway.
This enables Cybersource’s existing customers to rapidly use Nuapay’s solutions, including SEPA and Bacs schemes.
The report states that much of the growth in recurring payments are being delivered by the growth in subscription services. Particularly, in the current environment with subscription usage in areas such as digital news and media, as well as video streaming.
According to data, 85% of subscription businesses are maintaining or growing membership during this time. Meanwhile, 1 in 5 subscription businesses actually accelerating their growth.
We’ve reported that Canadian Tangerine Bank has teamed up with Visa to give its chequing clients an option to pay with Visa Debit.