Payment Savvy

JANUARY 11, 2023

If you are one of the ten million-plus American businesses with a merchant processing credit card account, the chances are you are aware of an industry term known as interchange. Each new credit card transaction is assigned to what is known as a target interchange category. What Is Downgrading a Credit Card. What Is a Bucket?

Credit Cards 98

Credit Cards Card Issuer Issuers Processors 98

Fi911

AUGUST 16, 2024

Each major card network, like Amex as well as Visa and Mastercard, have their own specific sets of these codes. Given that chargebacks can result in substantial expenses for both merchants and card issuers, utilizing a cohesive set of reason codes streamlines the management and resolution of these challenges.

Disputes 82

Disputes Non-Bank EMV Authorization 82

PYMNTS

JANUARY 30, 2020

Encouraging use of EMV cards rather than magstripes helps protect consumers against card skimming, and many payments industry players are exploring biometric payment authentication and other methods as well. Card issuers, networks and retailers all must play a part in defending against such breaches.

Security 73

Security Debit Card Fraud Detection Federal Trade Commission 73

PYMNTS

AUGUST 15, 2018

Secure payments enabler EMVCo has announced the launch of the full EMV 3-D Secure (EMV 3DS) Test Platform. The platform allows 3DS product providers to confirm that their solutions will perform in accordance with the EMV 3-D Secure Protocol and Core Functions Specification v2.1.0, or its EMV 3-D Secure – SDK Specification.

EMV 40

EMV Authentication Card Issuer Issuers 40

Stax

AUGUST 20, 2024

The EMV 3DS solutions by EMVCo are: Verified by Visa or Visa Secure, MasterCard SecureCode, Discover ProtectBuy, and American Express SafeKey. The merchant’s website will initiate a 3DS request with the customer’s card issuer on the payment page. Learn More What is 3D Secure (Secure 2.0) Authentication?

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

Stax

APRIL 18, 2024

Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments. Issuing Bank: The bank or financial institution that issued the credit card to the cardholder. Card Network (e.g.,

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

PYMNTS

NOVEMBER 9, 2016

Late last month, EMVCo published the EMV 3-DS 2.0 Specification, a messaging protocol that allows consumers to be authenticated to card issuers during card-not-present transactions. A revamp, a redo, a new and improved model — from technology to your latest spouse. Enter 3-D Secure 2.0. really better?

Security 76

Security Payments Authentication Issuers 76

PYMNTS

NOVEMBER 27, 2019

The expansion of EMV chip-enabled payment cards has made it more challenging for fraudsters to steal credit card information at the point of sale (POS). Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud.

Point-of-Sale (POS) 60

Point-of-Sale (POS) AI Card Issuer Credit Cards 60

PayHawk

APRIL 18, 2023

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.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Stax

DECEMBER 20, 2023

Find Affordable Terminals and Avoid Leases Credit cards and EMV terminals are cheaper than you think. They are a fixed credit card processing expense, and they’re the same for all processors. Here are the Mastercard and Visa interchange fees, for example. Q: How do I accept a credit card payment for a small business?

Credit Cards 88

Credit Cards Small Business Process Security 88

Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Tapping their phone to a terminal proved far more exciting than tapping the card.

Contactless Payments 88

Contactless Payments Push-to-Card Online and Mobile Banking Encryption 88

PYMNTS

NOVEMBER 29, 2016

This new feature applies to all instances of card reissuance, from replacing expired cards and EMV chip upgrades, to replacement in the case a card is lost, stolen or damaged. Customers will also be able to activate their card through the tracker. Citi customers in the U.S.

Online and Mobile Banking 40

Online and Mobile Banking Push-to-Card Credit Cards Card Issuer 40

Stax

NOVEMBER 6, 2023

Major card issuers such as Visa, MasterCard, and American Express each have hundreds of millions of NFC-enabled (near-field communication) debit and credit cards in circulation. Mobile card readers are now supported by major credit card processors such as Visa, MasterCard, and American Express.

Mobile Payments 88

Mobile Payments Online and Mobile Banking Debit Card Payments 88

Stax

MARCH 15, 2024

The primary security standards that payment systems typically adhere to include: Payment Card Industry Data Security Standard (PCI DSS): PCI DSS sets forth requirements for securing payment card data, including encryption, access control, network monitoring, and regular security testing.

Process 88

Process Security PCI DSS Encryption 88

Stax

JANUARY 31, 2024

Interchange rates are the fees charged by credit card networks (like Visa, Mastercard, American Express, and Discover) to facilitate card transactions between merchants and banks. The card issuers periodically update their interchange rates using the following factors. swiping vs. manual entry).

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

EBizCharge

AUGUST 30, 2024

Breakdown of credit card processing fees Credit card processing fees are charged to merchants for each credit card transaction processed. Assessment fees Assessment fees are relatively small but consistent fees charged by credit card networks like Visa, MasterCard, American Express, and Discover.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

PYMNTS

AUGUST 5, 2016

Mastercard started with week with an announcement of how its Mastercard Send product would extend the reach and the speed of Early Warning’s clearXchange P2P network for bank customers with a Mastercard branded debit product. all 14k of them – and have that money deposited into that receiver’s bank account instantly.

Bitcoin 43

Bitcoin Multi-Currency Push-to-Card Chip Cards 43