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BofA to reissue 4 million cards in rapid contactless push

Payments Source

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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The Credit Card Chargeback Process Explained: What Merchants Need to Know

Stax

As consumers, most of us have looked at last month’s credit card statement and experienced the panic of not recognizing a charge. But credit card chargebacks also occur for a variety of other reasons and they’re not always honest. What Are Credit Card Chargebacks?

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What Is Tiered Pricing in Credit Card Processing?

Stax

Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. Don’t believe it?

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Are you struggling with resource constraints caused by soaring credit card processing costs? Credit card surcharging can help offset these expenses, but it can be tricky. TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs.

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Marqeta Introduces Tokenization-as-a-Service For Card Issuers

PYMNTS

Marqeta , the global card issuing platform, debuted its new Tokenization-as-a-Service (TaaS) product, which allows card issuers to access its tokenization technology, the Oakland, California-based company announced on Tuesday (Sept. It is used to instantly provision cards into a mobile wallet.

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Report: Strategic Payment Investments Give FIs, FinTechs Innovative Payment Options

PYMNTS

Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus. The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc.

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Credit Card Settlements Explained: How They Influence Your Finances

EBizCharge

Since managing credit card transactions can be complex, understanding how their settlements work is essential to maintaining financial health as consumer spending rises. Credit card settlements involve various processes and parties that ensure transactions are accurately recorded and funds are transferred.