Core Insights - Nuvei has expanded its clearing and settlement platform to include the U.S. and Canada, marking a significant milestone in modernizing North American infrastructure [2][3] - The expansion allows merchants in the U.S. and Canada to operate on the same platform as global customers, enhancing transparency, consistency, and control for faster growth and global competition [3] - Early adopters of the platform have experienced a 60% reduction in manual reconciliation time and fewer fee-related inquiries, indicating improved operational efficiency [3] Product Features - The recent expansion follows the introduction of new features aimed at improving authorization rates for Nuvei merchants in North America, including PIN-less debit and least cost routing [4] - These features are designed to enhance authorization rates by up to 3.5 percentage points for applicable transactions, contributing to better transaction success [4] Industry Trends - The evolution of the payments landscape is likened to the progression of gaming consoles, emphasizing the need for businesses to adopt modern tools to remain competitive [5][6] - The shift towards account-to-account payments, with "pay by bank" as the latest evolution, highlights the importance of improved infrastructure and connectivity in the payments industry [6]