PYMNTS

FEBRUARY 3, 2020

It is thus up to card issuers and payment professionals to protect their data by carefully monitoring ATMs for unwanted hardware and other fraud tools. . Skimming can be almost impossible to detect, and cardholders often do not realize their information has been stolen until long after the fact.

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

PYMNTS

APRIL 29, 2020

Credit offerings mean the card issuers — not the consumers — are the ones risking their money, should the other party turn out to be fraudulent. Nubank assesses customers’ behaviors from the point of credit card application and throughout the customer relationship to maintain clear pictures of risks.

Credit Union 105

Credit Union Consumer Online and Mobile Banking Card Issuer 105

PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act.

Issuers 109

Issuers Card Issuer Point-of-Sale (POS) Debit Transaction 109

PYMNTS

APRIL 9, 2020

From coordinating a team of newly remote workers to assessing new business models, the coronavirus pandemic is drastically disrupting the way organizations run and it is forcing a complete rethink of almost every aspect of operations — payments included. A Surge In Commercial Card Interest.

Commercial Card 93

Commercial Card Card Issuer B2B Issuers 93

EBizCharge

JANUARY 16, 2025

Rewards and benefits programs: MCCs are key in rewards and benefits programs since credit card companies often offer cashback or points based on the category of purchase. For example, if your card has a home improvement benefit, you may get extra points for shopping at a wallpaper store. MCCs help enforce these restrictions.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

Clearly Payments

FEBRUARY 7, 2024

It provides merchants with an overview of their payment activity and helps assess overall business performance. By analyzing AOV alongside transaction volume, merchants can assess the effectiveness of marketing campaigns, pricing strategies, and upselling techniques.

Process 98

Process PCI DSS Processing Costs Settlement 98

Cardfellow

MARCH 9, 2025

What are virtual credit cards? Virtual credit cards, as their name implies, are digital versions of credit cards. There is no physical card. Theyre linked to the customers account through their card issuer and used (primarily) for online purchases. How do customers pay with a virtual credit card?

Credit Cards 40

Credit Cards Processors Card Issuer Origination 40

Payment Savvy

AUGUST 3, 2023

When you run any BIN number through a checking system, you end up with accurate information about the geolocation, card issuer, and card type. Since online banking systems have become more popular and virtual cards have become a norm, BIN numbers aren’t necessarily bank-issued. Why is there an 8-digit BIN number?

Issuers 98

Issuers Card Issuer Processors Credit Cards 98

Stax

NOVEMBER 21, 2024

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Fintech Finance

AUGUST 23, 2024

In addition to issuer processing, SetldPay will also benefit from Tribe’s proprietary Risk Monitor platform, which allows for real-time assessment of card transactions against an array of pre-defined conditions, along with the real-time assessment against global sanctions, PEP and Adverse Media databases.

Issuers 98

Issuers Process Reconciliation AML 98

Stax

JANUARY 10, 2024

TL;DR Understanding how credit card companies charge merchants is crucial for optimizing costs and enhancing customer experience. Credit card fees, including interchange, assessment, and payment processor fees, impact businesses on a per-transaction or recurring basis. Usually, interchange fees will range between 0.3-2%

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

EBizCharge

MARCH 11, 2025

Here are five common payment processing fees to be aware of: Credit card processing fees: Credit card processing fees are the fees merchants pay to accept credit card payments from customers. The total cost varies based on factors like the type of card used, the transaction method, and the merchants industry.

Processing Costs 52

Processing Costs Process Credit Cards Payment Gateways 52

Stax

MAY 7, 2024

Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. Assessment fees Assessment or network fees are directed to the credit card network- Mastercard, Visa, American Express, and Discover, to help settle costs associated with maintenance and operation.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Stax

DECEMBER 20, 2023

Let’s start with the elephant in the room: are debit card surcharges legal? The short answer is no, it’s not legal to surcharge debit card transactions. Major card issuers, including Visa and Mastercard , expressly forbid surcharging debit card transactions. How much do debit card transactions cost?

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

Stax

APRIL 18, 2024

How Merchant Fees Are Made Up The unavoidable basics of credit card processing fees are interchange rates and assessment fees. Interchange Fees Although interchange fees go toward paying the issuing banks, the major credit card networks — Visa, Mastercard, and the likes — control the interchange rates.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Fintech News

SEPTEMBER 4, 2024

This year, the startup raised US$6 million in seed funding and secured a license from the Bangko Sentral ng Pilipinas (BSP) to operate as a non-bank credit card issuer. Jenfi uses a proprietary risk assessment engine that evaluates both a business’s creditworthiness and its marketing growth efficiency. With a US$6.6

FinTech 114

FinTech Cross-Border Payment APIs and Integration Credit Cards 114

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

Clearly Payments

DECEMBER 2, 2024

This involves using a physical point-of-sale (POS) terminal to process card payments. How It Works The customer swipes, inserts, or taps their card on the POS device. The terminal communicates with the card issuer to approve the payment. How It Works Customers enter their card details during checkout.

Credit Cards 105

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 105

PayHawk

APRIL 18, 2023

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. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Finovate

MARCH 12, 2024

The company offers a SaaS solution that manages all of the significant aspects of program management for card issuers and BIN sponsors in a single interface. A pair of Canada-based Finovate alums – Coconut Software and PayTic – have earned spots in the first cohort of the UK Fintech CTA program.

FinTech 59

FinTech Card Issuer Fraud Detection Issuers 59

PYMNTS

DECEMBER 27, 2018

This is happening at the present as the card issuers become more aware of the need for businesses to get hard cash. Try your card. Card issuers have enormous un-utilized credit, [and] this is a way of making it work for them.” Your 1040 and Self Assessment return will be next. Tax return late?

Small Business 70

Small Business Card Issuer Issuers API 70

Stax

JANUARY 15, 2024

Conduct regular internal audits—preferably on an annual or biannual basis—to assess ongoing compliance with federal regulations. It’s mandatory for all merchants and service providers that accept credit card payments. PCI DSS requirements Businesses must complete a self-assessment questionnaire (SAQ) as part of the validation process.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

JANUARY 24, 2020

Better security comes from better communication, and the fraud teams at businesses must speak with all parties involved in a transaction — card issuers, merchants and the payment processors that connect them — that can benefit from sharing insights about consumers.

Issuers 61

Issuers Card Issuer Authentication Processors 61

EBizCharge

AUGUST 30, 2024

Breakdown of credit card processing fees Credit card processing fees are charged to merchants for each credit card transaction processed. Assessment fees Assessment fees are relatively small but consistent fees charged by credit card networks like Visa, MasterCard, American Express, and Discover.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

FICO

JULY 24, 2018

Superior fraud detection is achieved by analyzing an abundance of transactional data in order to effectively understand behavior, and assess risk, at an individual level. It pools the f raud and non-fraud data from thousands of card issuers worldwide to build the best training set in the industry for machine learning and AI models.

Fraud Detection 49

Fraud Detection Card Issuer AI Research 49

PYMNTS

FEBRUARY 26, 2019

The complaints vary in their specifics, but all revolve around a basic premise: The old credit-scoring models are too backward-looking in a world where real-time data is available — and they are insufficient to the task of properly assessing risk. Aire, though, is a credit-assessment platform intended to fill in that extra data.

AI 61

AI Credit Risk Assessments Card Issuer 61

Stax

SEPTEMBER 26, 2024

TL;DR Surcharges are additional fees that a business adds to a customer’s bill when they choose to pay with a credit card. These fees help the business offset the cost of credit card processing fees, which the merchant typically has to pay to the card issuer and payment processor.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

Stax

DECEMBER 20, 2023

Learn where your money goes by looking up interchange and assessment fees. They are a fixed credit card processing expense, and they’re the same for all processors. Assessments are also a series of rates and fees charged by Visa and MasterCard, and they are the same across the board.

Credit Cards 88

Credit Cards Small Business Process Security 88

PYMNTS

JULY 11, 2016

23, 2015, and June 14, 2016,” but also assessed that “most of the systems were affected during a shorter time frame,” according to a statement on the Omni corporate website. The firm had been working with payments processors and also card issuers on investigating the Omni breach.

Breach 40

Breach Compromise Card Issuer Social Security 40

PYMNTS

MAY 5, 2020

Separately, she said, issuers report roughly 60 percent of disputed transactions reviewed across Ethoca Eliminator in the call center channels (a tool that arms card issuer agents with the merchant purchase information they need to alleviate cardholder transaction confusion when they call in) are resolved without resorting to chargebacks.

Disputes 83

Disputes Issuers Visa Identity Theft 83

PYMNTS

AUGUST 15, 2018

3DS is a messaging protocol that allows consumers to authenticate themselves with their card issuer when making card-not-present eCommerce purchases. EMVCo is collectively owned by American Express , Discover , JCB , Mastercard , UnionPay and Visa , and focuses on the technical advancement of the EMV Specifications.

EMV 40

EMV Authentication Card Issuer Issuers 40

FICO

JUNE 28, 2022

These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service produced by FICO® Advisors, the business consulting arm of FICO. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80 percent of UK card issuers.

Credit Cards 52

Credit Cards Advisors Card Issuer Consulting 52

PYMNTS

AUGUST 9, 2018

8) said that Commonwealth Bank of Australia (CBA) Chief Executive Matt Comyn is speaking out against efforts to nix interchange fees on electronic card payments. According to Grant Halverson, CEO of McLean Roche Consulting, interchange fees from commercial card payments account for more than $46 billion in revenue for card issuers.

Commercial Card 40

Commercial Card Card Issuer Payer Regulations 40

PYMNTS

SEPTEMBER 14, 2020

Card issuers that are convinced of their customers’ truthfulness ask merchant acquirers to extract money from sellers’ accounts, which can then be used to refund consumers for disputed purchases. Keeping retailers and consumers satisfied thus requires quickly and accurately assessing chargeback filings. Combining Friendly Fraud.

AI 70

AI Disputes Push-to-Card Acquirers 70

FICO

MAY 9, 2023

These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80% of UK card issuers.

Credit Cards 59

Credit Cards Advisors Card Issuer Consulting 59

FICO

NOVEMBER 29, 2022

These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service produced by FICO® Advisors, the business consulting arm of FICO. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80 percent of UK card issuers.

Consumer 52

Consumer Credit Cards Advisors Card Issuer 52

FICO

OCTOBER 19, 2022

These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service produced by FICO® Advisors, the business consulting arm of FICO. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80%of UK card issuers. .

Risk 52

Risk Credit Cards Advisors Card Issuer 52