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Paymentology Supports Diamond Trust Bank to Drive Financial Inclusion in Kenya

The Fintech Times

Paymentology , the global issuer-processor, has joined forces with Diamond Trust Bank , a tier-one East African commercial bank, in a move hoping to help drive financial inclusion in Kenya through the embedding of financial services, and deployment of Cards-as-a-Service (CaaS).

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

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Can Virtual Cards Void Checks’ Feeble Future?

PYMNTS

Consider the fact that, among headlines generated in recent months surrounding virtual card adoption, TSYS — which provides solutions for issuers, merchants and consumers — said in February that JPMorgan will offer its Virtual Payment Precept SM , a virtual card platform that integrates with ePayable solutions.

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How Visa and MasterCard Shape the Payments Industry

Clearly Payments

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.

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Amazon Prime Day(s): Prime Opportunity for Credit Unions

PYMNTS

The embrace and scope of the promotional activity on the part of credit unions vis a vis Prime Day may now even eclipse what is seen by some of the larger issuers, he said. There also is a contest in place to win an Amazon Prime subscription, he said.

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CFPB Ruling Says Long Live The Trial Bar

PYMNTS

” Brian Tate, president and CEO of the Network Branded Prepaid Card Association (NBPCA), had a similar reaction. Credit card issuers, to name just one group affected by Monday’s mandate, might find it even tougher. .

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How Payment Facilitation Works: An Overview for SaaS Providers

Exact Payments

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.