Stax

NOVEMBER 14, 2024

Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. TL;DR There are several parties involved in credit card processing. They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

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., Instead, customers pay by touching their contactless card or mobile device to the terminal, making it perfect for quick purchases in coffee shops, supermarkets and local retailers.

Contactless Payments 40

Contactless Payments Transactions Payments Card Association 40

Evolve Payment

NOVEMBER 19, 2024

Ecommerce transactions don’t have EMV (an acronym for Europay, Mastercard, and Visa, but really just means the chip on your credit card) capabilities, so they are especially vulnerable. P2PE Merchants using only a validated, PCI-listed Point-to-Point Encryption (P2PE) solution. Not applicable to e-commerce channels.

PCI DSS 94

PCI DSS Compliance Processors Breach 94

Exact Payments

JANUARY 4, 2024

The Payment Card Industry Data Security Standard (PCI DSS) plays a crucial role in protecting cardholder data for businesses that accept credit card payments. This set of security guidelines is mandated by major credit card associations such as Visa, Mastercard, American Express, and Discover.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

BNG Payments

FEBRUARY 4, 2022

In addition to online payments, if an organization wants to accept offline donations via credit cards, a merchant account is used alongside a hand-held credit card reader.  A card association is a group of banks that sets the terms for all credit card transactions.

Credit Cards 52

Credit Cards Process Processors ACH 52