Clearly Payments

FEBRUARY 14, 2024

From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. The payment processing ecosystem is vast and multifaceted, with a staggering array of statistics underscoring its significance.

Payments 104

Payments Value Added Service BNPL ISOs 104

PYMNTS

JUNE 20, 2017

Cards Association (UKCA) found that cashless purchases made through debit and credit cards more than doubled in the past decade. billion purchases were made by credit and debit cards. . “The improving convenience and security of the eCommerce channel are key drivers of this growth.” In 2006, 6.7

Rules 52

Rules Online and Mobile Banking Card Association Contactless Payments 52

PYMNTS

JUNE 19, 2017

With the popularity of online shopping, it should come as no surprise that there’s been an uptick in card-not-present purchases. Cards Association (UKCA) finds that the amount of purchases made through debit and credit cards has more than doubled in the past decade. A new report from the U.K. There were 6.7

Push-to-Card 43

Push-to-Card Card Association Contactless Payments Debit Card 43

PYMNTS

MAY 24, 2019

So, now you’ve got business software potentially integrating into a gateway, and the gateway is boarding the transaction to the card associations for authorization and settlement. As Randel told Webster, “In the last 10 years, we’ve seen the development of gateways. How Some Players Are Positioning Themselves.

Process 64

Process Gateways Settlement Acquirers 64

Stax

JANUARY 21, 2025

Interchange-plus pricing – Involves interchange fees and card association fees plus an agreed markup. However, it might only be suitable for smaller transaction volumes. The higher the amount, the higher you pay. The markup is calculated as a percentage of the transaction plus a flat fee.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Fi911

JUNE 4, 2024

This professional typically collaborates with financial institutions, payment processors, and card associations to represent the merchant’s interests. As eCommerce chargebacks become more of a problem, a growing number of online merchants are looking to bring an in-house chargeback analyst into their operations.

Disputes 83

Disputes Fraud Prevention Compliance Processors 83

The Paypers

APRIL 22, 2016

(The Paypers) Chinese smartphone maker Xiaomi has announced plans to work with national bank card association China UnionPay for a mobile payment service.

Mobile Payments 31

Mobile Payments Card Association Bank Card Payments 31

PYMNTS

JANUARY 19, 2017

The UK Cards Association reported that a quarter of all card transactions are done via a contactless terminal. The trade group said that in November alone, there were 325 million purchases using contactless debit and credit cards, representing 25 percent of all the card payments that month.

Alternative Payment Methods 48

Alternative Payment Methods Debit Card Payments Contactless Payments 48

Synapse Payment Systems

SEPTEMBER 27, 2022

Easy gift card processing is one reason Clover is a good POS system for many small businesses that want to grow. Gift cards are a great way to increase customer loyalty, customer base, and revenue.

Push-to-Card 130

Push-to-Card Processors Process Card Association 130

The Paypers

JANUARY 23, 2019

(The Paypers) James Rendell, CA Technologies : With the PSD2 regulation and new rules from card associations, authentication has become the brightest target on the ecommerce radar

Technology 28

Technology Card Association Authentication Rules 28

The Paypers

APRIL 25, 2016

(The Paypers) Xiaomi has made it official that it will be entering the ever-growing mobile payments industry with a new service in China, together with the country’s national bank card association UnionPay.

Mobile Payments 28

Mobile Payments Card Association Bank Card Payments 28

Payment Savvy

FEBRUARY 6, 2023

In a traditional setting, large banks (for example, Bank of America) that are members of credit card associations (Visa and Mastercard) handled all the payment processing services for merchants. Why is there a need for ISOs in the modern financial ecosystem? This can be a lengthy process and one that often requires legal assistance.

ISOs 52

ISOs PCI DSS Processors Card Association 52

The Fintech Times

APRIL 9, 2024

Supporting global travel The debit card associated with the Global Account offers coverage in over 200 countries and territories. Ultravioleta customers have no fees for issuing the card or opening or maintaining the Global Account.

Accounts 59

Accounts Push-to-Card Debit Card Card Association 59

BNG Payments

JANUARY 1, 2022

One way to keep your monthly costs down is by lowering credit card transaction costs. You will be charged transaction rates from your payment processor, merchant acquiring bank, card associations, and in some cases, even your merchant services provider. In this article, we will focus on payment processors.

Credit Cards 52

Credit Cards Processors Non-Bank Card Association 52

PYMNTS

JUNE 26, 2017

have doubled the amount of cashless payments within the past decade due to the increased use of debit and credit cards, according to the UK Cards Association (UKCA) research we shared last week. Initially, people in the U.K. From 2006 at 6.7 billion purchases to 2016 at 16.4 billion, U.K.

Push-to-Card 65

Push-to-Card Research Card Association NOV 65

PYMNTS

FEBRUARY 29, 2016

Whether it’s to stock up in the supermarket, travel to work or buy your lunch, contactless is a fast, easy and secure way to make payments,” said Graham Peacop, chief executive of The UK Cards Association. You can simply pay using a contactless card or with your mobile phone.”.

Contactless Payments 40

Contactless Payments APACS Debit Card Volume 40

PYMNTS

FEBRUARY 1, 2017

The UK Cards Association reported that, as of Nov. 2016, there were more than 100 million contactless cards in issue in the U.K., According to Finextra , AIB customers are using contactless payment for more than 5 million transactions each month — and that number is only expected to grow.

Contactless Payments 40

Contactless Payments Transactions Payments Card Association 40

PYMNTS

SEPTEMBER 1, 2016

As early as this fall, certain Android-based smartphones will be able to use Bank of Tokyo-Mitsubishi UFJ debit cards for transactions via Android Pay. Cards Association, noted that, since Sept. Another report , citing data from Let’s Talk Payments and the U.K. 2007, Japan’s mobile payments network has expanded greatly.

Digital Payments 41

Digital Payments Debit Card Card Association Payments 41

PYMNTS

MAY 20, 2016

Cards Association announced on Thursday (May 19) that the monthly spending on contactless cards reached a record £1.5 Today, one in seven of all card transactions that take place in the U.K. billion in March 2016. 2015, monthly contactless spending hit £1 billion. are contactless, compared to just one in 16 last year.

Contactless Payments 40

Contactless Payments Card Association NOV Transactions 40

PYMNTS

APRIL 3, 2018

They claimed the funds would be used for financial products such as debit cards associated with two major card brands that would instantly convert cryptocurrencies into U.S. The company’s co-founders, Sohrab “Sam” Sharma and Robert Farkas, were allegedly behind an ICO for CTR Tokens. dollars or other legal tender.

Fed 40

Fed Cryptocurrency Debit Card Laws 40

Fi911

APRIL 23, 2024

It’s worth noting that using Visa+ does not require users to have a Visa card associated with their accounts. This adds an extra layer of protection by limiting potential liabilities for fraud or errors. It can be tied to any existing account on a participating platform. Is Visa+ Live?

Venmo 52

Venmo CashApp P2P Interoperability 52

PYMNTS

SEPTEMBER 20, 2018

In addition, said King, TSYS has seen success in converting wire-based and check payments to virtual cards. But, he conceded, “sometimes it’s those larger payments that the industry struggles to get on virtual cards.”

Void 76

Void Checks Push-to-Card Rules 76

Evolve Payment

NOVEMBER 19, 2024

There are four PCI compliance levels based on your company’s transaction volume over 12 months.

PCI DSS 94

PCI DSS Compliance Processors Breach 94

Clearly Payments

FEBRUARY 12, 2024

Bank of America launched the BankAmericard in 1958, widely considered the first credit card available to consumers, which eventually evolved into Visa. In 1966, a group of California banks formed the Interbank Card Association (ICA), later known as Master Charge and then Mastercard.

Visa 105

Visa Payments Payment Networks Online and Mobile Banking 105

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect.

CFPB 40

CFPB Push-to-Card Rules Deposit Account 40

Segpay

NOVEMBER 28, 2023

3 minute read Sharing information between card associations and service providers like payment facilitators and independent payment operators is important. The information typically flows from the card brands to the acquirers and then to service providers like Segpay.

Visa 52

Visa Facilitators Service Provider Money Laundering 52

PYMNTS

AUGUST 20, 2019

Most transactions, however, are assigned trustworthiness scores based on several factors, including how recently the user’s email address was created and whether the credit card associated with the transaction has been logged in a fraud database.

Breach 53

Breach Credit Cards Fraud Prevention AI 53

PYMNTS

FEBRUARY 26, 2020

ChowNow processes $40 million in transactions each month, so it only uses its human team to check for false positives.

Credential 56

Credential AI Fraud Detection Account Takeovers 56

Stax

MARCH 4, 2024

How to Comply with Payment Security Standards The Payment Card Industry Data Security Standards, or PCI DSS , are the North Star for payment processing security. Set by card associations like Visa, Mastercard, American Express, and Discover, the PCI DSS determines security protocols and sets the standards for payment security.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

FICO

FEBRUARY 18, 2019

In this they state : “A one-time password sent via SMS may be used to validate possession of the SIM card associated with a customer’s mobile phone number. The UK’s FCA arguably went one step further, issuing a policy statement on the final PSD2 Regulatory Technical Standard under the revised PSD2, on 18 th December 2018 (PS18/24).

Authentication 45

Authentication Online and Mobile Banking Mitigation Card Association 45

Evolve Payment

JUNE 27, 2023

Analyze Fee Categories: Categorize the fees into different types, such as processor fees (charged by your merchant service provider), interchange fees (set by card networks), and assessment fees (charged by card associations). This breakdown will help you understand which entities are involved in your payment processing.

Credit Cards 52

Credit Cards Processors Process Assessments 52

Stax

DECEMBER 20, 2023

With Stax, we’re proud to ensure PCI compliance, which means we meet the Payment Card Industry Data Security Standards, created by card associations like Visa, Mastercard, and American Express to ensure sensitive payment data is securely processed , transmitted, and stored.

Credit Cards 88

Credit Cards Small Business Processors Payment APIs and Integration 88

PYMNTS

JULY 15, 2019

It is really incumbent on the card associations as well as the issuers to reassure the card holders about the protections in place,” he said, pointing to zero liability and all of the fraud monitoring capabilities that are offered.

Credit Union 41

Credit Union Online and Mobile Banking Issuers Consulting 41

PYMNTS

JULY 11, 2017

” Brian Tate, president and CEO of the Network Branded Prepaid Card Association (NBPCA), had a similar reaction. . “CFPB’s actions exemplify its complete disregard for the will of Congress, the administration, the American people and even the courts.”

CFPB 40

CFPB Rules Consumer Financial Protection Bureau (CFPB) Credit Cards 40

Evolve Payment

MARCH 21, 2024

More specifically, the OCC labels a merchant processing activity as: “the settlement of credit and debit card payment transactions by banks for merchants through various card associations.”

Process 52

Process Gateways Processors Credit Cards 52

Exact Payments

OCTOBER 30, 2023

Issuing banks Issuing banks, or issuers, are entities that issue customer credit cards and handle the transfer of funds to the merchant’s account. Credit card networks Also known as credit card associations, credit card networks manage the technological infrastructure and regulations of credit card processing.

Facilitators 52

Facilitators Processors Payment APIs and Integration ISOs 52

Stax

SEPTEMBER 17, 2024

PCI DSS stands for “Payment Card Industry Data Security Standards.” These standards are set by card associations like Visa, Mastercard, and American Express to ensure sensitive payment data is securely processed, transmitted, and stored. Request a Quote Quick FAQs about PCI Compliance Q: What is PCI Compliance?

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88