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Payments gateway Stripe announced Works With Stripe, a new directory that will make it easier for the company’s merchants to integrate third-party apps into Stripe.

Merchants using the directory will be able to select from 300 third-party integrations, including Slack for transaction notifications, CardFlight reader integration, and Xero for accounting and payroll integration, according to TechCrunch.

The move comes as the US online processing market is growing, and following major payments brands' announcements of developer hubs that make it easier to integrate new features. 

The platform could make Stripe a more appealing choice for merchants, which could help the platform scale. Merchants’ digital ecosystem is often fragmented — it’s likely common that sellers use a variety of different tools to run their business.

That’s led firms, from gateways to mobile point-of-sale (mPOS) companies, to find ways to better provide value-added services to merchants so they can consolidate their operations and run their business more easily and effectively. Works With Stripe is likely Stripe’s attempt to do this, but rather than providing proprietary services, it allows merchants to integrate the services they’re already using into Stripe’s platform while making it easier for them to discover more.

That play ultimately benefits Stripe in two ways:

• Scale and loyalty: Allowing merchants to use Stripe access and unify services they’re already using while simplifying the selling process could make Stripe a more appealing option to merchants, which in turn helps them scale and could limit churn, according to TechCrunch.
• Revenue: At this point, for third-party apps, entering the marketplace is free, which means that Works With Stripe is not a direct revenue stream for Stripe. But simplifying access to these services could help businesses find ways to grow their business or increase operational efficiency. That could lead to improved performance in the form of higher sales or increased transactions, which would lead to transaction revenue gains for Stripe.

Evan Bakker and John Heggestuen, analysts at BI Intelligence, Business Insider's premium research service, have compiled a detailed report on the payments ecosystem that drills into the industry to explain how a broad range of transactions are processed, including prepaid and store cards, as well as revealing which types of companies are in the best and worst position to capitalize on the latest industry trends.

Here are some key takeaways from the report:

• 2016 will be a watershed year for the payments industry. Payments companies are improving security, expanding their mobile offerings, and building commerce capabilities that will give consumers a more compelling reason to make purchases using digital devices.
• Payments is an extremely complex industry. To understand the next big digital opportunity lies, it's critical to understand how the traditional credit- and debit-processing chain works and what roles acquirers, processors, issuing banks, card networks, independent sales organizations, gateways, and software and hardware providers play.
• Alternative technologies could disrupt the processing ecosystem. Devices ranging from refrigerators to smartwatches now feature payment capabilities, which will spur changes in consumer payment behaviors. Likewise, blockchain technology, the protocol that underlies Bitcoin, could one day change how consumer card payments are verified.

In full, the report:

• Uncovers the key themes and trends affecting the payments industry in 2016 and beyond.
• Gives a detailed description of the stakeholders involved in a payment transaction, along with hardware and software providers.
• Offers diagrams and infographics explaining how card transactions are processed and which players are involved in each step.
• Provides charts on our latest forecasts, key company growth, survey results, and more.
• Analyzes the alternative technologies, including blockchain, which could further disrupt the ecosystem.

To get your copy of this invaluable guide, choose one of these options:

1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the payments ecosystem.

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The post Bitcoin Price Makes Gains as Trump Pulls off Unlikely Presidential Victory appeared first on CryptoCoinsNews.

The price of bitcoin is reacting strongly to the news that Donald Trump is president-elect of the United States.

The cryptocurrency is up 4.07% to $738.33.

Here's the chart from Coindesk:

Uncertainty and volatility rules in the markets as Europe wakes up to Trump's shock victory. All of the continent's major indexes are off more than 2% just after 8.00 a.m. GMT (3.00 a.m. ET), with shares in both Spain and Italy more than 3.5% down.

Here's HSBC (emphasis ours):

"A Trump Presidency will probably have mixed implications for businesses in the US. Trump advocates lower corporate taxes, but he has also suggested that he would try to curtail the ability of companies to freely move capital out of the country," HSBC's chief US economist Kevin Logan said in a note circulated on Wednesday morning.

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The post How Might Election Results Impact Bitcoin Price? appeared first on CryptoCoinsNews.

Bitcoin prices are rising as Donald Trump is poised for a potential win in the US presidential election.

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