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Debit routing rule tables turned on regulators

Payments Dive

Bank card issuers say there isn’t enough network competition to meet the July debit card routing rule deadline, adopting regulators’ argument to push back.

Rules 88
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What Is the Role of Merchant Acquirers in Credit Card Processing?

EBizCharge

When navigating the realm of credit card processing, it’s crucial to distinguish between merchant acquirers (acquiring banks), card issuers, and payment processors, as each plays a distinct role in the card transaction ecosystem. Card issuers are banks or financial institutions that issue credit cards to consumers.

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BIN Checker: Understanding Bank Identification Numbers

Payment Savvy

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. Are BINs globally unique?

Issuers 98
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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. For example, the charges for a credit card payment online will be different from the charges for an in-person credit card payment.

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Black Friday Alert: 16 Tips for Avoiding Fraud

FICO

If your plastic card is captured inside of an ATM, call your card issuer immediately to report it. Sometimes you may think that your card was captured by the ATM when in reality it was later retrieved by a criminal who staged its capture. Either way, you will need to arrange for a replacement card as soon as possible.

ATM 59
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Corporate Cards’ Collaborative Approach To SMB Adoption

PYMNTS

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. But they may have a blind spot when it comes to the product itself,” said J.D.

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Samsung Pay Launches In China

PYMNTS

Samsung Pay currently supports select credit and debit cards from nine banks, including China CITIC Bank, China Construction Bank, China Everbright Bank, China Guangfa Bank, China Minsheng Banking Corp. “China UnionPay attaches great importance to the security and innovation of payment.