The Payments Association

APRIL 2, 2025

Introduction to VAMP Visa’s Acquirer Monitoring Program (VAMP) is designed to uphold the integrity of the payment ecosystem by consolidating risk monitoring efforts. This consolidation aims to streamline oversight of acquirer and merchant risk, ensuring adherence to high standards of transaction security. are excluded.

Disputes 88

Disputes Issuers Compliance Fraud Prevention 88

Clearly Payments

SEPTEMBER 18, 2024

A chargeback is a reversal of a credit card transaction initiated by the cardholder’s bank, usually as a result of a dispute by the customer over the purchase. It acts as a consumer protection tool, allowing customers to reclaim funds for unauthorized transactions, fraud, or dissatisfaction with goods or services.

Disputes 105

Disputes Fraud Prevention Payments Credit Cards 105

The Payments Association

NOVEMBER 20, 2024

Data from Visa suggests that friendly fraud could account for as many as 75% of all disputes. Mastercard reports that the average seller bears three-quarters of the cost of a dispute. billion to chargebacks, thanks in part to onerous dispute fees ranging from $20 to $100 per chargeback. Another 39.7%

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

Stax

APRIL 8, 2025

Acquiring bank – The merchants bank that receives and disburses the funds. Chargeback fee – A merchant has to pay this fee if a customer disputes a charge and wins. Ensure your processor uses secure payment methods, address verification, and fraud detection tools to minimize chargebacks and fraud.

Credit Cards 88

Credit Cards Process Processors Push-to-Card 88

Stax

NOVEMBER 14, 2024

They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks. Acquiring Bank: The business’ (i.e., merchant’s) bank. Read on for more specifics.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

PYMNTS

SEPTEMBER 15, 2020

Resolving disputes can be time intensive, forcing banks to take on the administrative tasks required to gather and assess evidence. Card issuers that believe chargeback claims are valid then ask merchant acquirers to send funds on behalf of merchants to cover the transaction reversals — unless the sellers wish to dispute the claims.

AI 62

AI Disputes Issuers Push-to-Card 62

Stax

AUGUST 29, 2024

The best PSP is the one that provides the right package of payment options for your customer base, adequate fraud detection & prevention tools, scalability, robust customer care services, and charges affordable processing fees. You can easily sign up for the services of a PSP because of the low barrier to entry.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

M2P Fintech

DECEMBER 17, 2024

Every online transaction involves four key parties: Merchant Customer Issuing bank (the customer’s bank) & Acquiring bank (the merchant’s bank) A robust system is essential for tracking and managing data effectively to enable seamless transactions among these parties.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Settlement 52

Payment Savvy

MAY 11, 2023

To do so, you will need to establish a merchant account with an acquiring bank or payment processor. Transaction processing: Visa transactions are processed electronically through the Visa network, which securely communicates with your acquiring bank or payment processor to authorize and settle transactions.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

Payment Savvy

JULY 3, 2024

This information is then sent securely to the acquiring bank. The acquiring bank, which processes payments on behalf of the merchant, receives the transaction data and forwards it to the relevant card network (such as Visa or Mastercard). These details include the card number, transaction amount, and merchant identification.

Debit Card 52

Debit Card Process PCI DSS Processors 52

PayHawk

JUNE 9, 2023

These services include payment processing, fraud prevention, and dispute resolution. Merchant service providers work with acquiring banks and credit card companies to process transactions and transfer funds from the customer’s account to the merchant ‘s account. We’re even offering a free terminal!

Debit Card 52

Debit Card Fraud Prevention Disputes Online and Mobile Banking 52

Payment Savvy

NOVEMBER 11, 2020

One can define a payment gateway as the technology capturing and transferring online payment data from the customer to the acquiring bank account. Therefore, a payment gateway is a kind of interface between a merchant’s online point of sale and the acquiring bank. Efficient Fraud Detection.

Payment Gateways 52

Payment Gateways Gateways PCI DSS Credit Cards 52

EBizCharge

MAY 15, 2024

Here are some fundamental terms to understand: Merchant account Payment gateway Payment processor Acquirer Issuer Merchant account A merchant account is a specialized bank account that allows businesses to accept customer payments through credit cards and other electronic payment methods.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Stax

JANUARY 10, 2024

Interchange fees An interchange fee is paid by the merchant’s acquiring bank to the issuing bank every time a credit card transaction is made. These fees are paid by the merchant’s acquiring bank directly to the credit card network to help maintain payment infrastructure, support services, and enhance revenue. Statement fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

PayHawk

APRIL 18, 2023

A Acquirer The financial institution that processes payments on behalf of merchants. Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Echeck An electronic version of a paper check, used for online payments.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

EBizCharge

MAY 8, 2024

Support and services: PayFacs typically offer a more comprehensive suite of services, including billing, customer support, and handling disputes. Payment processors focus on processing payments and often require merchants to handle frontline customer service and dispute resolution.

Facilitators 52

Facilitators ISOs Processors Payments 52

Segpay

JANUARY 24, 2024

High-risk merchants operate in industries or sectors more susceptible to chargebacks, fraud, and regulatory scrutiny. Unmanaged chargeback issues impact the bottom line and damage relationships with payment processors and acquiring banks.

Legal 52

Legal Compliance Risk Non-Bank 52

FICO

JANUARY 10, 2023

Innovative Customer Communications for Fraud. Detecting possible fraud is important, but what you do with that suspicion may matter even more. Taking the most strident fraud prevention actions might seem the intuitive answer but suspicion is often unfounded, and most customers are not fraudsters.

Scams 52

Scams Posting Push-to-Card Compromise 52

Nanonets

JUNE 19, 2024

Purchase orders are critical documents that signify the start of the purchase process by a business in order to acquire goods or services. This ensures that both parties have a mutual understanding of the terms and quantities agreed upon, reducing the chances of disputes. What is Purchase Order Software?

Small Business 52

Small Business Automation Audit P2P 52

Fintech Labs Insights

AUGUST 17, 2016

Ethoca Alerts notifies PSPs, processors, acquirers and their merchant clients of issuer-confirmed fraud and customer dispute data to help them bolster their existing fraud defenses. Earlier this year the company integrated Ethoca Alerts into fraud detection platform, Kount’s Kount Complete.

Card Issuer 16

Card Issuer Disputes Fraud Detection Issuers 16

Exact Payments

SEPTEMBER 25, 2023

Specifically, you will need to: Register with an acquiring bank Register with the card brands (Visa, Mastercard, American Express, Discover) Decide on a payment gateway (this is only relevant if you won’t be using or developing a proprietary payment gateway). Be sure to use fraud detection tools that can help automate this process for you.

PCI DSS 52

PCI DSS OFAC Facilitators Payment Gateways 52

Clearly Payments

NOVEMBER 19, 2023

Interchange fees further contribute to the cost equation, representing charges paid by acquiring banks to issuing banks for processing credit card transactions. Cross-border transaction fees from card networks compensate for the intricacies and risks inherent in transactions between merchants and cardholders located in different countries.

Cross-Border 52

Cross-Border Cross-Border Payments Accounts Multi-Currency 52

The Payments Association

JANUARY 20, 2025

Buyers Remorse Leads to Disputes Shoppers tend to be pretty freewheeling with their spending during the holidays. They may resort to refund fraud or chargeback abuse to get out of paying for the purchases they regret. When disputes occur, the cardholder often keeps the merchandise and still gets their money back.

Disputes 88

Disputes Returns Card Network Rules Volume 88

The Payments Association

MARCH 20, 2025

Payments firms now have unprecedented opportunities to use data more strategically, from optimising fraud detection to personalising customer interactions. When fraud detection, compliance, and operations use separate systems, blind spots and inefficiencies arise. But these opportunities come with challenges.

Fraud Detection 88

Fraud Detection Fraud Prevention AI Payments 88

The Payments Association

FEBRUARY 17, 2025

This leads to more accurate transaction records, minimising disputes and chargebacks. This helps merchant acquirers avoid penalties and maintain good standing with regulatory bodies. Better fraud detection: With better data, payment service providers can implement more sophisticated fraud detection algorithms.

Fraud Detection 88

Fraud Detection Payments Compliance XML 88

The Payments Association

FEBRUARY 17, 2025

Banks see forex as high-risk, making it tough for brokers to secure direct acquiring relationships. Many mainstream PSPs and acquirers lack sector expertise and tread cautiously, imposing strict compliance checks, long onboarding times, and restrictive terms.

Fraud Prevention 88

Fraud Prevention RTP Settlement Payments 88