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CFPB Ruling Says Long Live The Trial Bar

PYMNTS

The rule begins applying to agreements and contracts 180 days later. Banks and credit card companies now find themselves more likely to be targeted by class action lawsuits stemming from customer complaints. . ” Brian Tate, president and CEO of the Network Branded Prepaid Card Association (NBPCA), had a similar reaction.

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

BIN Sponsorship A service provided by payment processors that enables merchants to accept payment cards from multiple card issuers. Bluetooth Card Reader A wireless device that connects to a mobile device or computer to process payment card transactions.

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How Payment Facilitation Works: An Overview for SaaS Providers

Exact Payments

Issuing banks Issuing banks, or issuers, are entities that issue customer credit cards and handle the transfer of funds to the merchant’s account. Credit card networks Also known as credit card associations, credit card networks manage the technological infrastructure and regulations of credit card processing.