International Payments Processing

JANUARY 11, 2022

Recently, Visa is ‘aware of a scheme’ in which point-of-sale (POS) terminals are used to process purchases. However, the business codes the transaction as an ATM withdrawal instead of processing the sale as a purchase.

ATM 88

ATM Transactions Point-of-Sale (POS) Acquirers 88

International Payments Processing

JANUARY 11, 2022

Recently, Visa is ‘aware of a scheme’ in which point-of-sale (POS) terminals are used to process purchases. However, the business codes the transaction as an ATM withdrawal instead of processing the sale as a purchase.

ATM 88

ATM Transactions Point-of-Sale (POS) Acquirers 88

Fi911

DECEMBER 19, 2023

The technology’s capabilities extend across various aspects of fraud detection, including: ATM Fraud: Blending anomaly detection, behavioral analysis, and risk assessment Credit Card Fraud: Detecting abnormal transaction patterns Email Phishing: Advanced ML-based scanners to identify and block harmful emails Mobile Fraud: Prompt notification regarding (..)

Fraud Prevention 94

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 94

PYMNTS

FEBRUARY 3, 2020

Skimming tools are frequently used by bad actors to access consumers’ sensitive payment information, as these devices can be attached to ATMs, gas station pumps, point-of-sale (POS) systems and other payment terminals.

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

EBizCharge

JANUARY 6, 2025

Assess feasibility for your business Evaluate your customer base and transaction trends carefully to determine if implementing a cash payment discount program aligns with your business model. Weigh the potential benefits against the administrative effort and assess how it might impact overall customer satisfaction and profitability.

Legal 52

Legal Adjustments Compliance Assessments 52

The Fintech Times

OCTOBER 2, 2024

Magnati’s platform integrates real-time Point of Sale (POS) payment data to offer financial solutions to merchants. As the financial partner, Wio Bank utilises proactive decision-making insights from the platform to assess the performance and financial health of businesses, enabling accurate and timely lending decisions.

Embedded Finance 72

Embedded Finance Finance Point-of-Sale (POS) Underwriting 72

Stax

NOVEMBER 21, 2024

The customer can make the credit payment physically by swipe, dip, or tap, depending on your point-of-sale (POS) system , which will capture the credit card details. Step 1: Assess your business’ industry Your industry may have unique credit card payment processing requirements that won’t be met by a generic PSP.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Fintech News

AUGUST 12, 2024

It is based on the analysis of positive and negative discussions; The Market Share of Discussion Score assesses the volume of discussions about a specific company relative to the total discussions about all companies in the sector. mPOS Vietnam: This financial services company provides a mobile-based software platform for digital payments.

FinTech 113

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 113

VISTA InfoSec

JULY 31, 2023

After completing all the applicable requirements and steps mentioned in the PCI DSS checklist, businesses may engage a Qualified Security Assessor (QSA) to perform a formal assessment of their compliance with the PCI DSS. If any areas of non-compliance are identified during the assessment, the QSA will report their findings to the business.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

PYMNTS

DECEMBER 31, 2020

Point-of-sale (POS) debit purchases authorized with PINs are very secure, and this purchasing method accounted for only 5 percent of gross fraud cases in 2019 despite representing 38 percent of all POS activity. One way FIs can protect themselves is to take advantage of processor- and network-level transaction monitoring.

Issuers 109

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

Fintech News

FEBRUARY 15, 2024

Fintech firms will increasingly turn to AI to tackle the rising challenge of fraud, leveraging AI-powered tools to better assess risk, detect complex fraud patterns, and proactively investigate and respond to threats. At the same time, the advent of real-time payments will prompt the need for real-time fraud detection and prevention.

Innovation 118

Innovation FinTech Cross-Border Payments Cross-Border 118

Fintech News

JULY 3, 2024

The company stated that it reached this decision after careful assessments as part of its restructuring strategy and focus on achieving “ sustainable growth.” It digitizes and can replace a credit or debit card chip and PIN transaction at a contactless-capable point-of-sale (POS) terminal.

Finance 112

Finance Online and Mobile Banking Micro-Entry Non-Bank 112

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. Brick-and-Mortar Retail Stores: If you operate a physical store, a traditional point-of-sale (POS) system is often the most efficient choice.

Credit Cards 105

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

FICO

NOVEMBER 10, 2020

Every Transaction Is Assessed for Fraud. Adapt the consumer experience across all channels, with each transaction, while assessing whether a specific activity is consistent with it. Financial criminals get large numbers of usable card data from data breaches, by stealing point of sale (POS) terminals and other means.

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98

EBizCharge

MARCH 11, 2025

These fees typically include interchange fees, which go to the card-issuing bank, assessment fees charged by the card networks, and payment processor fees for handling the transaction. 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

JANUARY 21, 2025

Its a digital evolution of the conventional point-of-sale (POS) terminal. A physical POS terminal requires customers to insert, swipe, or tap their cards on the machine. This is a great option for new and growing businesses without a huge number of sales.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

The Fintech Times

SEPTEMBER 25, 2024

Through the new partnership with YouLend, Lopay aims to integrate access to capital into its Point of Sale (PoS) platform, hoping to offer SMEs a competitive edge in the UK market. “The decision to partner with YouLend was an easy choice.

Point-of-Sale (POS) 59

Point-of-Sale (POS) Embedded Finance Finance On-Demand 59

Stax

APRIL 18, 2024

The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway. How Merchant Fees Are Made Up The unavoidable basics of credit card processing fees are interchange rates and assessment fees.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Stax

SEPTEMBER 17, 2024

This includes applying security patches promptly, conducting regular vulnerability assessments, and maintaining secure coding practices throughout the development lifecycle. Assess Your Current Compliance Status Begin by assessing your current compliance status.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

DECEMBER 19, 2019

ZestMoney assesses data points aside from credit scores and uses AI to help India’s population create a credit-worthy profile. ZestMoney has also signed deals with Chinese smartphone maker Xiaomi and Pine Labs, which has launched over 300,000 point-of-sale (PoS) machines nationwide in India.

Point-of-Sale (POS) 52

Point-of-Sale (POS) FinTech Online and Mobile Banking Void 52

Stax

FEBRUARY 15, 2024

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. Further, Statista projects that the value of global digital transactions will exceed $11 trillion in 2024.

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

PYMNTS

FEBRUARY 19, 2020

Lerdal pointed to P2P payments and eCommerce as key areas of attack. “In In the old days, it was ATMs and the point of sale [POS],” he said. Drilling down a bit, within the institutionalization of fraud, certain types of commerce are finding favor among fraudsters.

ATM 67

ATM Point-of-Sale (POS) Fraud Detection Mitigation 67

Stax

MAY 7, 2024

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. Assessment fees usually make up a small percentage of the transaction amount. These fees also vary depending on the card network.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

PYMNTS

JANUARY 22, 2021

There was a lot of risk assessment: ‘What happens if this happens? The thorough risk assessment required envisioning possible problematic scenarios, such as funds being delivered to the wrong customer account. This is intended to catch mistyped account digits at the POS and prevent those payments from going through. “If

RTP 56

RTP Finance Security Real Time Payments 56

Stax

APRIL 11, 2024

Point-of-sale (POS) systems are the all-in-one systems you see at retail stores, handling in-person transactions and often integrating with inventory management software. Start by assessing your needs and specific payment processing needs, including types of payments, volume, and any industry-specific requirements.

Payments 88

Payments PCI DSS Compliance Processors 88

Stax

DECEMBER 20, 2023

Learn where your money goes by looking up interchange and assessment fees. Assessments are also a series of rates and fees charged by Visa and MasterCard, and they are the same across the board. Interchange, as we mentioned earlier, is the best way to go when choosing a pricing option.

Credit Cards 88

Credit Cards Small Business Process Security 88

The Fintech Times

MARCH 1, 2024

Eazy Financial Services ‘EazyPay’, a Bahraini financial institute specialised in point-of-sale (POS) and online payment gateway acquiring services, has joined forces with Visa to enable Visa Direct, a funds transfer solution for EazyPay’s customer base.

FinTech 64

FinTech Point-of-Sale (POS) Consulting Embedded Finance 64

PYMNTS

JANUARY 27, 2020

As a platform designed to assess and display an SMB borrower’s most appropriate financing options, from cards to loans, Nav positions itself as a facilitator of transparency for SMBs. Ultimately, the cheapest option for SMB funding may not be the best fit, Ott said. The Close Ties of Cash Flow and Funding.

Small Business 62

Small Business Point-of-Sale (POS) Finance Facilitators 62

Fintech News

JULY 23, 2024

The company utilizes data analytics and machine learning (ML) algorithms to conduct comprehensive credit assessments of SMEs, considering financial metrics, transactional dynamics, performance monitoring, and industry risks.

FinTech 129

FinTech Online and Mobile Banking Multi-Currency Non-Bank 129

PYMNTS

DECEMBER 5, 2019

When buyers are onboarded, their payment expectations are included, with sellers assessing how and when each one will get paid. Understanding O2C Upgrades. The Playbook highlights the various frictions that manufacturers and distributors can experience in the onboarding process.

Point-of-Sale (POS) 52

Point-of-Sale (POS) CRM Federal Reserve Underwriting 52

PYMNTS

SEPTEMBER 14, 2017

Love or hate blockchain, there’s no denying that digital currencies have grown in popularity, and there is certainly a market for cryptocurrency acceptance at physical retail points of sale (POS). But is it enough of a market to bother developing a whole new POS network and terminal to support it?

Blockchain 65

Blockchain Cryptocurrency Bitcoin Digital Currency 65

Stax

JUNE 9, 2024

Following this approach, most retail business owners try to find a Point-of-Sale (POS) system for retail businesses that can make their operations (especially in-store) more efficient, manageable, and cost-effective. That’s why you should also reach out to fellow business owners or industry peers who use POS systems.

Credit Cards 88

Credit Cards Process CRM Point-of-Sale (POS) 88

PYMNTS

NOVEMBER 4, 2019

Vendors could additionally use the virtual terminal software as a point-of-sale (POS) solution and accept business representatives’ payments through computers, smartphones or tablets during trade shows and other events. . Even customers who pay on time can complicate AR teams’ operations.

Automation 40

Automation Technology Accounts Disputes 40

Stax

DECEMBER 13, 2023

In exchange for their services, card companies charge certain fees ( interchange fees and assessment fees) on each credit card transaction they process. Clarity and visibility A credit card surcharge sign can be of two types: point-of-sale notification and point-of-entry notification.

Credit Cards 88

Credit Cards Debit Card Laws Rules 88

Fintech News

SEPTEMBER 4, 2024

Eligibility and the credit limit are determined based on the information Amazon already has, along with the customer’s credit bureau history and other factors assessed by the lending partner. Users must also be at least 21 years old. million (US$30,000) at 0% interest for a period of 14 to 30 days, with no processing fees.

BNPL 94

BNPL Online and Mobile Banking Credit Limit Credit Cards 94

Evolve Payment

AUGUST 17, 2023

Businesses can adopt this pricing model through a payment terminal or point-of-sale (POS) system, presenting both cash and credit prices. As you assess whether dual pricing aligns with your middle market B2B service provider’s objectives, keep these essential factors in mind.

Credit Cards 52

Credit Cards Point-of-Sale (POS) B2B ACH 52

PYMNTS

MARCH 12, 2020

standard enables payment providers, merchants and FIs to send each other transaction details and customers’ histories to better inform risk assessment, for example. The card industry’s 3D Secure 2.0 The different social dynamics and payer behaviors change the way fraud behavior works,” he explained. .

Money Laundering 52

Money Laundering Risk Processors Point-of-Sale (POS) 52