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What Is Debit Card Processing & How Does It Work?

Payment Savvy

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Consumer Payment Choice, an impressive 85% of adults in the United States use them as a payment method. What Is Debit Card Processing?

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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. They set their charges and processing fees based on whether the transaction takes place online or in-person and the type of payment method used.

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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

Digital payment methods essentially make up any payment type that is done digitally. From a consumer’s perspective, that means any transaction that doesn’t need a physical credit card, debit card, prepaid cards, or checks. What makes online payment gateways unique?

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

EBizCharge

What’s the difference between acquirers, issuers, and payment processors? 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.

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How People Pay Around The World And What It Means For The Future Of Payments

CB Insights

Going forward, US payments players have reason for concern, as consumers and merchants could be wooed by technology-first options with fewer middlemen. In this research briefing, we’ll discuss: The current credit and debit card value chain. Who foots the bill for credit card rewards programs. The road ahead.

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BIN Checker: Understanding Bank Identification Numbers

Payment Savvy

A BIN checker is a free tool that helps you retrieve information about a payment card based on the BIN number. Any valid BIN number contains key details about a card brand, its issuing bank, card type, and card level. Are BIN used for credit and debit cards only? Are BINs globally unique?

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

In addition to serving Amazon’s core customers, payments is an attractive revenue line when thinking about the scope of the payments market. Swipe fees alone are a $90B-a-year business for banks, card networks like Visa, and payment processors like Stripe. Amazon Cash launched in Mexico in October 2017.