This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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).
Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the cardissuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit cardissuer on outstanding balances.
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.
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 CardAssociation (ICA), later known as Master Charge and then Mastercard.
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.
” Brian Tate, president and CEO of the Network Branded Prepaid CardAssociation (NBPCA), had a similar reaction. Credit cardissuers, to name just one group affected by Monday’s mandate, might find it even tougher. .
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 cardassociations, credit card networks manage the technological infrastructure and regulations of credit card processing.
Currently in CFPB rulemaking limbo-land are the prepaid issuers and payday lenders – two industries whose very future – and the futures of all of those who rely on those products – are hanging in the balance. I chatted with CEO of the Network Branded Prepaid CardAssociation , Brad Fauss, about this issue not long ago.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content