Clearly Payments

NOVEMBER 13, 2024

In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. A Bank Identification Number, or BIN, is the first six digits of a payment card number, such as a credit, debit, or prepaid card.

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Process Processors Payments Compliance 104

Stax

MARCH 13, 2025

Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. This is a win-win situation for issuing banks and credit card payment networks.

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Debit Card Credit Cards Processors Processing Costs 88

Fintech Finance

JANUARY 13, 2025

On the other hand, it presents the Multi Card Payments option, which makes it possible to purchase a ticket using several different cards, which also makes it easier to purchase it. when the first card payment is made. This feature has recovered 2.4M+ in revenue and sees a conversion rate of 95.1%

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Process Credit Cards Payments Fraud Prevention 94

The Fintech Times

MARCH 7, 2025

ANZ and Suncorp Bank have become the first two issuers to go live with eftpos multi-network debit cards in the Google Wallet, with other issuers to follow over the course of 2025. Through the new move, merchants will be able to choose to have more payments routed via the lower-cost eftpos network.

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Debit Card Issuers Payments Debit Network 59

The Paypers

JUNE 19, 2022

Israel-based fintech Rewire has acquired Imagen to provide prepaid debit cards for migrants in Israel.

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Acquirers Debit Card FinTech 90

The Payments Association

DECEMBER 16, 2024

Whether paying with a credit or debit card, splitting payments across cards, or using alternative financing options, we believe in empowering consumers at the moment of purchase with every payment method possible. At Skipify , our vision is simple: provide shoppers the ultimate choice and flexibility at checkout.

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Visa Product BNPL Credit Cards 88

Finextra

OCTOBER 29, 2024

PSP) is pleased to announce an agreement to acquire the NCR Atleos debit card production and transaction processing business that services a number of credit unions, financial institutions and payment networks in Canada. PSP Services Inc.

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Debit Card Acquirers Transactions Product 52

PYMNTS

MAY 19, 2020

In today’s top news, Amazon could be in talks to buy JCPenney, and 4 million stimulus payments will be sent to consumers via Visa prepaid debit cards. Treasury: 4 Million Stimulus Payments To Be Sent Via Visa Prepaid Debit Card. Plus, Uber plans to cut 3,000 more jobs. Amazon Eyes JCPenney Buy.

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Debit Card Payments Treasury IRS 84

Payment Savvy

JULY 3, 2024

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Every merchant should prioritize taking the time to understand debit card processing to streamline operations and enhance customer satisfaction.

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Debit Card Process PCI DSS Processors 52

Stax

MARCH 11, 2025

There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. Talk to sales How Online Payment Processing Works On the surface, online credit card processing happens in seconds.

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Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Stax

DECEMBER 20, 2023

Debit card transactions generally have lower interchange fees compared to credit card transactions. This is because debit cards are linked directly to the customer’s bank account, and the risk of non-payment or default is lower. For a $100 transaction, a swiped Mastercard debit card will cost you around 27¢.

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Payment Savvy

JULY 3, 2024

Understanding debit card processing fees is important for any business that takes card payments. What Are Debit Card Processing Fees? Debit card processing fees are charges that businesses must pay every time they accept a debit card payment.

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Debit Card Process Debit Transaction Processors 52

Stax

APRIL 3, 2025

They can range from traditional payments, such as credit/debit cards and ACH payments , to modern alternative methods, such as digital wallets, mobile transactions, Buy Now Pay Later (BNPL), and cryptocurrency. It works in tandem with the customers bank or credit card provider to verify and authorize the transaction.

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Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

Stax

MARCH 18, 2025

A typical payment processing procedure involves multiple parties, including the merchant, customer, payment processor, payment gateway, issuing bank, acquiring bank, and card networks. Customer – The person or business paying for goods or services using a credit card, debit card, or digital wallet.

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Process Payment APIs and Integration Processors Online and Mobile Banking 88

Clearly Payments

FEBRUARY 10, 2025

The Acquiring Bank The acquiring bank receives funds on behalf of the merchant. Card Networks Companies like Visa, Mastercard, and American Express ( credit card networks ) that set processing rules and fees. states, these strategies come with compliance requirements, and surcharging is prohibited for debit cards.

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Small Business Process Address Verification System (AVS) Cross-Border 66

Payments Source

JANUARY 17, 2019

Square's new card for business owners does something very bold with debit — and very troubling for banks.

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Debit Card Acquirers 92

Clearly Payments

APRIL 25, 2024

Named after its chief advocate, Senator Richard Durbin , this legislative moved was designed to fix the increasing interchange fees charged by banks for debit card transactions. Interchange fees are a largest portion of the transaction amount paid by the acquiring bank to the issuing bank for authorizing and settling the transaction.

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The Fintech Times

SEPTEMBER 10, 2024

AI continues to be a hot topic in the fintech world with Polly, Tom and Francis discussing how Klarna’s continued use of the technology is on track to replace half its workforce.

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Debit Card Acquirers AI Checks 52

Finovate

SEPTEMBER 26, 2024

Visa is acquiring fraud prevention company Featurespace to enhance its own fraud detection and risk-scoring solutions. DOJ over alleged monopolization in debit card markets. DOJ over alleged monopolization in debit card markets. Visa signed an agreement to acquire fraud prevention company Featurespace today.

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Payments Source

OCTOBER 12, 2018

Cross-border e-commerce is seeing explosive growth, driving a race among payment providers and acquirers to equip online sellers with the technology to accept any kind of payment in virtually any region. Credit and debit cards are the dominant payment type North American merchants accept, but are much less common elsewhere.

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Cross-Border Debit Card Acquirers Technology 103

PYMNTS

JANUARY 19, 2021

In another example, he said that rewards on debit spend could be used to pay down LendingClub loans. The company said Tuesday that 77 percent of LendingClub users surveyed said they use their debit card for everyday spend; 79 percent have said they would open a checking account with the company if such rewards programs were offered.).

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Acquirers Credit Cards Debit Card BNPL 116

Fintech Finance

MAY 29, 2024

Turkey’s leading fintech, which has reached 20 million users, Papara acquires SadaPay , expanding into South Asia through the 100 percent purchase of the company. Today, SadaPay, with a range of features including P2P money transfers, debit cards, and payment products, processes $1.5 billion in annual payment volume.

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Acquirers Debit Card P2P Product 52

Fintech Finance

OCTOBER 9, 2024

The post Aleph Acquires Controlling Equity Interest in Localpayment and Targets $1.4 Partnering with industry leaders like PayPal (NASDAQ: PYPL) and Payoneer (NASDAQ: PAYO), Localpayment by Aleph adheres to the highest standards of KYC (Know Your Customer) and compliance protocols.

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Payment APIs and Integration Digital Payments Acquirers Payment Service Provider (PSP) 98

Fintech News

OCTOBER 7, 2024

Singaporean payment provider FOMO Pay has partnered with Visa to allow SMEs to accept Visa credit and debit card payments through the national SGQR code system. FOMO Pay becomes the first Visa QR acquirer and processor in Singapore as part of this collaboration.

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Alternative Payment Methods Cross-Border Processors Debit Card 117

Fintech Finance

FEBRUARY 12, 2025

With the new office launch, Ant International will work more closely with local partners in the payment ecosystem to provide innovative payment solutions and inclusive financial services to local acquirers and merchants, especially SMEs doing business in KSA to empower their sustainable growth.

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Payment Gateways Acquirers Debit Card Digital Payments 55

Fintech Finance

AUGUST 15, 2024

Adyen manages the entire payment flow, including gateway, risk management, and acquiring for its merchants. Adyen provides businesses with insights around local schemes and payment methods with best-in-class technology and deep acquiring expertise.

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Fintech News

OCTOBER 7, 2024

This enables businesses in Singapore and Hong Kong to accept JCB credit and debit card payments through Nuvei’s platform. Nuvei, a fully licensed direct local acquirer in Singapore and Hong Kong, recently obtained a Major Payment Institution license in Singapore.

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Alternative Payment Methods APACS Debit Card Volume 107

Stax

APRIL 17, 2025

If the customer prefers credit/debit card payments, the cashier selects that payment option in the POS and prompts the customer to tap, swipe, or dip their card using the card reader. Customer payment – At this point, the cashier asks the customer for their preferred payment method.

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Online and Mobile Banking CRM Point-of-Sale (POS) Debit Card 88

Fintech Finance

FEBRUARY 19, 2025

Lycamoney is a financial services company providing debit cards and international remittances to its customers. As CEO of Volopa, James will lead the development of the business, alongside a senior management team, which was strengthened in 2023 when Volopa acquired the UK branch of the American Express (Amex) FX team.

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Debit Card International Payments FinTech Security 67

Finovate

OCTOBER 10, 2024

Digital bank Pockit has acquired multi-currency account provider Monese. based digital bank Pockit announced that it has acquired multi-currency account provider Monese. based digital bank Pockit announced that it has acquired multi-currency account provider Monese. billion (£5 billion) in annual transactions.

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Acquirers Multi-Currency Debit Card Accounts 59

Clearly Payments

FEBRUARY 5, 2025

As of 2025, there are more than 100 million credit cards in circulation, with over 83.4% of Canadians aged 15 or older owning at least one credit card. This represents the highest percentage of credit card ownership globally. The Canadian card payment market experienced a growth of 7.7%

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Credit Cards Processors Visa Acquirers 59

Bank Automation

MAY 3, 2024

Block, formerly Square, acquired Afterpay in August 2021 for $29 billion but it has had issues integrating the solution with its Cash App Card debit card, Chief Executive Jack Dorsey said […]

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CashApp Blocks Debit Card Acquirers 78

PYMNTS

JULY 7, 2020

In other news, blockchain company Binance has acquired digital wallet and Visa debit card platform Swipe, according to an announcement. Chainalysis Global Head of Policy and Regulatory Affairs Jesse Spiro said per the report, “My assumption would be that FATF will update guidance in relations to stablecoins in the near future.”.

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Debit Card Stablecoins Regulations Blockchain 65

The Fintech Times

JANUARY 14, 2025

Hands In also provides a multi card payment option, enabling customers to spread the cost of a purchase over several different cards. This solution becomes available when Hands In receives the decline code from the acquirer due to insufficient funds. This feature recovered 2.4million in revenue and sees a conversion rate of 95.1

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Fraud Prevention Credit Cards PayPal Payments 59

Finovate

APRIL 23, 2024

Betterment has agreed to acquire Goldman Sachs’ Marcus Invest. Automated investing service Betterment signed a deal with Goldman Sachs to acquire the digital investing accounts at Marcus Invest. Automated investing service Betterment signed a deal with Goldman Sachs to acquire the digital investing accounts at Marcus Invest.

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Acquirers Accounts Advisors Debit Card 59

Fintech Finance

OCTOBER 3, 2024

BOCHK will leverage Worldline’s innovative cloud-native application to further enhance customer experience and expand customer offering with its new Mastercard multi-currency debit card. Paysuite Essential Edition is an open platform card solution featuring five core functions: issuing, acquiring, authorization, switching and routing.

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Multi-Currency Payment APIs and Integration Debit Card Visa 97

PYMNTS

JULY 8, 2019

Payments technology company InComm has acquired Meridian Loyalty, a business incentives company that works to build loyalty as well as engagement opportunities for corporations, according to a release. . Sam Toumayan, president and owner of Meridian Loyalty, said the company has always been in the business of rewards.

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Acquirers Push-to-Card B2C Debit Card 65