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Downgrading Credit Card

Payment Savvy

If you are one of the ten million-plus American businesses with a merchant processing credit card account, the chances are you are aware of an industry term known as interchange. The term refers to merchant transaction costs and relates to a regular part of banking. Interchange Downgrade.

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What Is the Role of Merchant Acquirers in Credit Card Processing?

EBizCharge

As digital transactions dominate the market, understanding the mechanics of credit card processing becomes essential for businesses and consumers. Merchant acquirers , also known as acquiring banks, are responsible for setting up and maintaining merchant accounts, allowing businesses to accept payment cards from customers.

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BIN Checker: Understanding Bank Identification Numbers

Payment Savvy

A Bank Identification Number (BIN) is the first four or six numbers found on any debit or credit card. Essentially, this set of digits specifies the financial institution that issued a payment card. Hence, BINs are also referred to as IINs, or Issuer Identification Numbers. What Are BINs?

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Credit Card Chips Still Under Attack From Thieves

PYMNTS

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information have managed to find a way to still gain access to PIN numbers, as well as your card’s chip in some cases. The majority of that theft was from credit cards.

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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

A PSP (Payment Service Provider) can equip your eCommerce and brick-and-mortar business with an all-in-one platform that supports multiple payment systems, including debit & credit cards, eWallets, and bank transfers (ACH). Read on to find out.

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Top Issuers Embrace FinTech Collaboration For Biz Card Innovation

PYMNTS

” Visa’s collaboration with Mesh coincided with another partnership with OPEN, which announced a joint small business credit card rollout in India. Cardlay works with banks and card issuers to augment its existing commercial card offerings with value-added functionality.

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Corporate Cards’ Collaborative Approach To SMB Adoption

PYMNTS

Power took one key friction point of the small business (SMB) credit card market to task. Small Business Credit Card Satisfaction Study, businesses are twice as likely as consumers to switch credit card brands, with many small businesses serving “relatively low” scores for issuers’ rewards, benefits and services.