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) […]

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 […]

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 […]

The Paypers: Gateway vs. switch: it is not an either/or only question

Originally published in The Paypers Bruce Parker, Modo, explains why gateways and switches fall short of working with “unhappy” payments and how merchants must change their tactics when going global By Bruce Parker, CEO of Modo As the number of digital payments continues to rise, there isn’t much disagreement that merchants need to be connected to […]

PaymentEye: Inside the Klarna/Modo deal: how to deliver fast and flexible payments

In 2016, Modo and Klarna announced their partnership to speed up time for merchants to integrate Klarna into their systems. Klarna referred to the project as “instant integration” because Modo’s technology allowed for merchants to use Klarna much faster that previously able. It’s been two years since the announcement of the partnership, and PaymentEye spoke […]

PYMNTS: How Banks Can Connect To Emerging Payment Methods

Originally published in PYMNTS Banks have honed their systems for decades to manage payments seamlessly and efficiently, while providing great client service with Titanic amounts of volume. However, they face a challenge when it comes to working with emerging forms of payments. “It’s hard to get those systems now to interact with things that are […]

PYMNTS: FinTech Firms On The New FinTech Charter

Modo CEO, Bruce Parker, spoke with PYMNTS about the recent US Department of Treasury report on supporting FinTech growth and innovation in the States.  Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to […]

PYMNTS: Interoperability Can Help eCommerce Merchants Work With Wallets

Originally published on PYMNTS It’s not always easy to tell the difference between the meaning of integrations and interoperability: Integrations are systems connected in the same way, while systems that are interoperable work together, but remain different. If Modo’s founder and CEO, Bruce Parker, sent you an email, for example, how the message was sent is not at the forefront […]

The Paypers: Integrating new payment methods is painful

Modo CEO, Bruce Parker, spoke with The Paypers on the difficulties and inefficiencies of integrations, and why interoperability is the way to ensure future payment success. Read the article originally published on The Paypers below.  From PayPal and Alipay to Target REDcard and the pervasive mobile “Pays” (Apple, Google and Samsung), new payment methods are […]

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