Stax

JANUARY 10, 2024

The exact rate can vary based on several factors, including the type of card used (debit or credit), the card brand (Visa, MasterCard, etc.), The purpose of an interchange fee is to compensate the card issuer for the risk and operational costs associated with providing the credit or debit card service to the customer.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Stax

MAY 7, 2024

To complete payment processing, credit card companies have to charge processing fees. Also referred to as swipe fees, these are simply fees that the merchant pays to the credit card company or credit card service providers to accept the payment. Can merchants pass credit card processing fees to customers?

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

PYMNTS

MAY 31, 2017

The company announced Tuesday (May 30) that it is enabling tokenization across its North American commercial card program, allowing businesses to let their own cardholders pay with a mobile device. TSYS’ announcement was made the same day new data from Capital One emerged that found a significant rise in demand for commercial card services.

Mobile Payments 45

Mobile Payments Commercial Card Card Issuer Issuers 45

PYMNTS

DECEMBER 1, 2016

“After the successful implementation of our credit card operation, TSYS has been selected to provide our debit card services, having demonstrated they can provide a similar secure and resilient solution to support our current account proposition,” said Mark Parker, chief operating officer for Virgin Money , in the press release. “We

Process 40

Process Debit Card Card Issuer Agreements 40

CB Insights

OCTOBER 10, 2018

The core product is a digital-first app that tracks spending from a linked card issued by either MasterCard or Visa. Additional services range from checking accounts, savings accounts, direct and cash deposits, peer-to-peer transfers, and pre-paid or top-off cards that can be accessed digitally. Millennials.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

PYMNTS

AUGUST 5, 2020

This week’s roundup of Commercial Card Innovation also finds growing interest in digitizing and mobilizing the corporate card, either through virtual card generation or mobile wallet support, at a time when contactless payments remain on the upswing. BofA Expands Contactless Biz Card Service.

Commercial Card 63

Commercial Card Online and Mobile Banking Contactless Payments Visa 63

CB Insights

DECEMBER 4, 2019

In December 2017, Amazon’s Alexa Fund participated in a $16M Series A to Greenlight Financial, an alternative debit card issuer aimed at young consumers. With the card, parents can manage spending limits and allocate funds for their children through a mobile app.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101