EBizCharge

AUGUST 30, 2024

Navigating the complexities of credit card processing fees is a significant challenge for merchants in today’s digital economy. What are credit card processing fees? Credit card processing fees are fees merchants must pay to accept credit card payments from their customers.

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Credit Cards Processors Process Card Issuer 52

Fintech Finance

SEPTEMBER 10, 2024

Issuer processing powerhouse Enfuce today announces the expansion of its E2 card to the UK, France and Germany, in collaboration with Mastercard. Offering debit and credit PANs in one card, E2 bolsters the company’s track record of delivering cutting-edge products that benefit both card issuers and customers.

Credit Cards 96

Credit Cards Visa Issuers Card Issuer 96

Synapse Payment Systems

AUGUST 25, 2022

Almost every business accepts credit card payments these days. The good news is that it is possible to learn how to lower credit card processing fees. Here’s what you should know about negotiating lower credit card processing fees. Most credit card processing fees are between 2.5

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Credit Cards Transactions Processors Assessments 130

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. Purchase volumes through credit cards jumped 51% between 2015 and 2021. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic.

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Credit Cards Laws Legal Processing Costs 88

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. Purchase volumes through credit cards jumped 51% between 2015 and 2021. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic.

Credit Cards 88

Credit Cards Laws Legal Processing Costs 88

Electronic Payments Coalition

FEBRUARY 28, 2024

WASHINGTON, DC — It’s been nearly 15 years since the Durbin Amendment imposed price caps and routing mandates on debit cards, financially burdening small businesses, while corporate mega-stores, like Walmart and Target, have accumulated substantial revenue gains.

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Credit Cards Card Issuer Debit Card Small Business 105

Fintech News

JUNE 12, 2024

In the rapidly evolving digital landscape, traditional credit cards face the challenge of staying relevant amidst the rise of digital wallets and changing consumer expectations. The emergence of Cards-as-a-Service (CaaS) offers a transformative solution that can help credit cards adapt and thrive in this new era.

Credit Cards 52

Credit Cards Payment APIs and Integration Card Issuer Non-Bank 52

Stax

DECEMBER 20, 2023

Finding great credit card processing rates may seem impossible, but there’s hope. By following these simple tips, you’ll be able to secure credit card processing rates that make big businesses jealous. Learn More TL;DR Not all credit card processing companies are created equal.

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Stax

SEPTEMBER 17, 2024

Payment gateways are increasingly important as eCommerce and online transactions continue to rely on credit card payments and other mobile payment solutions to simplify payments. These may include credit cards, debit cards, eChecks, and digital wallets (like Google Pay, Apple Pay, Amazon Pay, PayPal, Venmo, etc.).

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Stax

MARCH 14, 2024

Chip and PIN cards are authorized with the cardholder’s personal identification number (PIN), while chip and signature are authorized by the cardholder’s signature that is matched to the back of the card or to a signature on file in the credit card’s database. Can I Run an EMV Debit Card “as credit”?

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Chip Cards CHIPS EMV Debit Card 88

FICO

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” In addition to these core technologies, banks and card issuers have large fraud teams dedicated to investigating individual customer claims, as well as monitoring trending fraud patterns.

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Credit Cards Consumer Card Issuer Issuers 98

PYMNTS

FEBRUARY 3, 2020

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

PYMNTS

OCTOBER 14, 2019

In an effort to grow usage of its Android smartphones in Brazil, Google has introduced a debit card payment program through Google Pay. Reuters is reporting that the company is making the move because many online retailers in Brazil only accept credit cards due to a preponderance of fraud. .

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Debit Card PayPal Card Issuer Issuers 48

PYMNTS

JUNE 3, 2019

China UnionPay , the credit card issuer, is expanding in Europe, rolling out debit and credit cards. The Financial Times , citing China UnionPay, the world’s largest card issuer, reported it inked a partnership with Tribe Payments , a U.K. The program kicks off in June.

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Credit Cards Card Issuer Issuers Debit Card 63

PYMNTS

OCTOBER 14, 2019

In an effort to grow usage of its Android smartphones in Brazil, Google has introduced a debit card payment program through Google Pay. Reuters is reporting that the company is making the move because many online retailers in Brazil only accept credit cards due to a preponderance of fraud. .

Debit Card 46

Debit Card PayPal Card Issuer Issuers 46

PYMNTS

SEPTEMBER 8, 2017

A new study has found that the number of payment cards issued globally reached 14 billion last year and is predicted to rise to 17 billion by 2022, boosted by an increase in overall debit card issuance. For many, a debit card will normally be the first card they receive when they enter the banking system.

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Debit Card Global Payments Credit Cards Issuers 59

Payments Source

APRIL 24, 2016

It didn't take long for debit card issuers affected by the Durbin amendment fee caps to cut back or eliminate rewards programs to recoup costs. Issuers now engaged in the increasingly competitive credit card rewards and loyalty environment may soon have to face that same decision.

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Credit Cards Card Issuer Debit Card Issuers 65

Stax

DECEMBER 6, 2023

In an era defined by digital transactions and cashless payments, the process of paying for goods and services is more convenient, and increasingly reliant on credit card transactions. However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do.

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Stax

JUNE 13, 2024

Are you looking to offer cash discounts to customers to incentivize them to use cash instead of credit or debit cards? A cash discount program can help your business reduce expenses on processing fees for card transactions, and there are guidelines you must follow to ensure you are implementing the program the right way.

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Credit Cards Card Issuer Legal Issuers 88

Stax

AUGUST 1, 2024

One way to do that—though often overlooked—is to optimize their payment processing to reduce fees associated with credit card purchases. Card companies like Visa, Mastercard, Discover, etc. charge interchange fees which, on top of other credit card processing fees, can eat away at your profits.

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Rules Credit Cards Caps Processors 88

Payments Source

JUNE 2, 2019

While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking much more aggressive approach.

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Push-to-Card Debit Card Card Issuer Issuers 132

PYMNTS

FEBRUARY 15, 2018

13) that it disabled the ability for customers to add new credit cards as a payment method for those in the U.S. In recent weeks credit card companies have said they are banning the use of their cards to purchase digital tokens. customers should switch their payment method to debit card or a bank account.

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FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Credit Cards 52

Credit Cards FTC Push-to-Card Federal Trade Commission 52

PYMNTS

OCTOBER 13, 2017

Payments provider Elan Financial Services announced that along with Ondot Systems , the leading provider of mobile-based card services, they have enhanced the My Mobile Money app so that it now offers two-way fraud alerts for Elan processed debit cards.

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Debit Card Push-to-Card Fraud Prevention ATM 47

Stax

AUGUST 29, 2024

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. For example, the charges for a credit card payment online will be different from the charges for an in-person credit card payment.

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Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

PYMNTS

DECEMBER 29, 2020

Consumers have more heavily leaned on debit during the pandemic, with the economic downturn making shoppers more cautious than ever about the prospect of taking on credit card debt. A recent study even estimates that shoppers could ultimately shift $100 billion worth of annual spending from credit cards to debit cards.

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Debit Card Online and Mobile Banking Scams Card Issuer 121

PYMNTS

JULY 14, 2020

Interest in mobile card apps is especially high among two key groups: those who primarily use debit cards for purchases and those who primarily use credit cards while carrying balances every month. There is an important underlying dimension to these findings, however. Among the former group, 46.3

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Debit Card Consumer Credit Cards Card Issuer 78

PYMNTS

NOVEMBER 14, 2018

said the rollout will be done on an ongoing basis, spanning when customers open up new accounts or have cards that are renewed. The company also said that it will debut contactless debit cards in the second half of next year. 1 card issuer in the U.S. – Chase , the consumer banking arm of JPMorgan Chase & Co.,

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Credit Cards NOV Contactless Payments Card Issuer 57

PYMNTS

JULY 27, 2016

Victims of an illegal credit card billing scam have started receiving checks from the Federal Trade Commission. According to the FTC, the operators of the illegal credit card scheme made unauthorized charges on the credit cards and debit cards of victims for internet services they didn’t get.

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FTC Credit Cards Scams Federal Trade Commission 41

PYMNTS

JUNE 7, 2018

Spending on credit cards will continue to grow, but any issuer that decides to take a breath, instead of crafting creative rewards and going after young consumers, runs the risk of being left behind. That’s according to Chad Peck, vice president of credit product strategy at Fiserv.

Credit Cards 53

Credit Cards Issuers Card Issuer Rules 53

Fintech News

SEPTEMBER 4, 2024

Through partnerships with credit bureaus, the app also provides access to users’ credit scores, enabling them to explore opportunities for credit cards, loans, and other financial products. It also includes a marketplace where users can compare credit cards and insurance plans tailored to their needs.

FinTech 112

FinTech Cross-Border Payment APIs and Integration Credit Cards 112

Payment Savvy

AUGUST 3, 2023

A Bank Identification Number (BIN) is the first four or six numbers found on any debit or credit card. Essentially, this set of digits specifies the financial institution that issued a payment card. Hence, BINs are also referred to as IINs, or Issuer Identification Numbers. What Are BINs?

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Issuers Card Issuer Processors Credit Cards 98

Payment Savvy

JULY 12, 2024

Processing online payments involves costs, whether they’re fees to credit card companies, processing networks, or payment service providers. Payment processing is how a merchant services provider handles credit card transactions. Pros: No fees for bank account or debit card transactions.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

Fintech Finance

JULY 23, 2024

This enhancement helps clients protect against card-not-present (CNP) debit and credit card fraud, projected to escalate to $28.1 3D Secure, a security protocol developed by the card networks, provides an added layer of security to authenticate online credit and debit card transactions.

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Technology Authentication Rules Card Issuer 64

Stax

JANUARY 31, 2024

If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. cards currently in use. So it’s virtually impossible for a business to not accept Visa cards. TL;DR Interchange rates are the fees charged by credit card networks.

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

Stax

AUGUST 20, 2024

3D Secure Authentication ensures that the person making the purchase is verified as the actual owner of the debit or credit card being used. When a customer attempts to make a purchase on your website using their credit or debit card, 3D Secure will prompt them for additional information to confirm their identity.

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Authentication Security Card Issuer Payment APIs and Integration 88

PYMNTS

JULY 15, 2019

Card delinquencies have remained steady at Bank of America , which reported June credit card delinquencies of 1.56 According to news earlier in the month, large credit card issuers in the United States reported lower delinquencies in May. percent compared to 2.83 percent in May.

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Debit Card Online and Mobile Banking Card Issuer Credit Cards 49