PYMNTS: 2018, The Year of Utility

By Bruce Parker, Founder & CEO of Modo Originally published in PYMNTS.com 2018 The Year Of… eBook ___ Twas December 2017, and all through the global payments space, APMs and traditional banks were in a neck-and-neck race. Fanatics were shouting the old ways were dead, while visions of blockchain danced in their heads. (Record scratch) […]

PYMNTS: How FinTech Companies Can Connect Buyers And Suppliers

Originally published on PYMNTS.com Payments have been a pain point throughout the evolution of merchants. As commerce globalizes, merchants are left wondering whether they have the payment methods that people want to use through digital channels, while also facing the sheer magnitude of declines. “Merchants have problems with payments in new and broader and deeper ways […]

PR: Fintech Startup Modo Closes Over $13M in Series A Funding

DALLAS, Nov. 27, 2018 /PRNewswire/ — ModoPayments (Modo), the payments technology startup focused on reducing friction in payments, today announced the completion of over $13M Series A financing. This latest round brings the total amount of funding in the company’s history to over $16M. Investors who participated in the round include Deutsche Bank as well as other strategic and angel investors. The […]

CardRates: Modo Helps Financial Institutions Connect the Dots

Originally Published on CardRates In a Nutshell: Payments systems have evolved rapidly in the digital age, and banks and other financial services companies have had to utilize multiple legacy systems from various companies to keep up with demand and preference. Modo helps companies with technology that allows for interoperability between multiple payments systems. The company currently focuses on, pay-outs, […]

The Paypers: Modo in the Payments and Commerce Market Guide 2018 – 2019

Originally published in The Paypers Payments and Commerce Market Guide 2018-2019   The Paypers has interviewed Bruce Parker, founder and CEO of Modo, to learn more about loyalty programmes and the trends and developments impacting the payments industry.   Having worked in the payment industry for years with ubiquitous companies, why did you start Modo […]

PYMNTS PODCAST: Why Merchants Should Go ‘Auth Shopping’

Originally published on PYMNTS.com   Listen to the full podcast below:   If conversion is among the most important things to a merchant, and a frictionless experience is the most important thing to a consumer, the twain do not meet as well as they should. Consider the fact that decline rates are at eye-popping levels. […]

PYMNTS: Rethinking Card Declines, Data Security And Customer Experiences

PYMNTS chatted with Modo CEO, Bruce Parker, on the effect card declines have on merchants and their customer engagement. Read an excerpt from the interview below, or check out the full interview here.  To better serve clients and help make their businesses run smoother and more efficiently, FinTech startups are tackling an array of challenges, […]

The Nilson Report: Interoperability from ModoPayments

Originally published on The Nilson Report  ModoPayments handles distributed transaction processing on behalf of clients needing interoperability for payment and loyalty systems. The company’s cloud-based (AWS) platform, called Coin, is a utility that solves connectivity problems between different systems that need to work together. Modo offers a digital payment hub that enables connections to many […]

PYMNTS: Taking On Card Declines With Interoperability

Originally published on PYMNTS Merchants are facing a sizable number of card declines, which are stubbornly averaging at around 15 percent. That challenge is not lost on FinTech startups. “Merchants are now getting swamped with declines,” Modo Chief Executive Bruce Parker told PYMNTS in an interview. Yet around 12 or 13 percent of them fall into a […]

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