Stax

DECEMBER 20, 2023

Visa interchange fees Mastercard interchange fees Discover interchange fees American Express interchange (OptBlue) What is the total cost of accepting credit cards? Set rate processing Subscription rate processing TL;DR Interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks.

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

Synapse Payment Systems

AUGUST 25, 2022

By understanding how these fees actually work, you can find leverage to negotiate with your credit card processor and increase your profits. Understanding Credit Card Processing Fees There are three main components to credit card processing fees. Here’s an example.

Credit Cards 130

Credit Cards Transactions Processors Assessments 130

Stax

DECEMBER 9, 2024

Remember, chargeback fees can vary depending on the credit card networks and processors involved. Merchant Accounts Merchant accounts are specialized accounts established by merchants to facilitate credit card payments. These accounts are typically provided by acquiring banks or third-party payment processors.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

Clearly Payments

JANUARY 12, 2024

Contact the Payment Processor Notify your payment processor as soon as possible. Advise them of the potential fraud and instruct them on the steps they should take, such as contacting their card issuer to report the incident and potentially canceling their affected cards.

Credit Cards 86

Credit Cards Law Enforcement Card Issuer PCI DSS 86

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. That’s the most important thing you need to know.

Credit Cards 98

Credit Cards Card Issuer Issuers Processors 98

Finextra

SEPTEMBER 10, 2024

Finnish-founded card issuer and payment processor Enfuce is bringing its two-in-one debit and credit card to the UK, France and Germany.

Credit Cards 69

Credit Cards Card Issuer Processors Issuers 69

Synapse Payment Systems

NOVEMBER 9, 2022

The card issuer then contacts the merchant on behalf of their customer and requests that they refund the purchase price to the cardholder. If the card issuer fails to make contact or the merchant does not refund the money, the card issuer can reverse the charge on the cardholder’s statement.

Disputes 130

Disputes Card Issuer Payments Returns 130

Finextra

JUNE 4, 2024

Card issuer and payment processor Enfuce has teamed up with French worktech Swile to launch an all-in-one employee benefits card.

Card Issuer 64

Card Issuer Processors Issuers Payments 64

Nanonets

NOVEMBER 15, 2023

Payment processors are financial institutions that help merchants accept credit, debit and other forms of electronic payments. In addition, some payment processors offer merchant services such as fraud prevention, customer management tools and reporting. The processor then settles the transaction with the card issuer.

Processors 52

Processors Payment APIs and Integration Office of the Comptroller of the Currency Debit Card 52

The Payments Association

NOVEMBER 29, 2024

Managing fraud cases has been a top challenge for card issuers, according to recent studies. Rising operations and outsourcing costs and burgeoning fraud recovery caseloads make it especially challenging for issuers to meet chargeback deadlines and avoid cardholder write-offs.

Disputes 88

Disputes Issuers Card Issuer Payment APIs and Integration 88

The Fintech Times

FEBRUARY 6, 2024

Prior to Mexico, NovoPayment has received certifications in Chile, Colombia, Ecuador, Peru and Venezuela as card issuer processors. The direct partnership with Mastercard opens the door for service providers to collaborate on initiatives that drive value, innovation and seamless experiences in the evolving payment ecosystem.

Visa 105

Visa Card Issuer Issuers Push-to-Card 105

CB Insights

JUNE 7, 2021

For example, there are approximately 300 acquiring banks in the US alone, even though there are around 200 issuer processors globally. . Financial institutions were the primary users of card-issuing technology, and their needs have remained the same over the years. The post Modern Card Issuer Marqeta Is Going Public.

Issuers 73

Issuers Card Issuer Payment APIs and Integration Innovation 73

The Fintech Times

APRIL 27, 2024

Merusha Naidu, global head of partnerships at Paymentology “As a cloud-native card issuer and processor, and one of the first issuer processors in Europe to connect to the Visa Cloud Connect endpoint in the EU, we believe the enablement of Visa services through AWS is a gamechanger,” said Merusha Naidu , global head of partnerships, Paymentology.

Cross-Border 111

Cross-Border Embedded Finance Processors Issuers 111

Finextra

DECEMBER 12, 2023

Global card issuer and processor Paymentology has hired Jeff Parker, the former SVP and managing director of Marqueta, as its new CEO.

Card Issuer 69

Card Issuer Processors Issuers 69

The Paypers

MAY 26, 2022

Global payments processor and card issuer Mastercard and ecommerce payments service provider HyperPay have announced a partnership to expand digital payments in the MENA region.

Visa 69

Visa Digital Payments Card Issuer Processors 69

Payments Dive

FEBRUARY 26, 2016

Prosa has operations in eight Latin American countries and will provide mobile payment services to its customers, who comprise 95 percent of credit, debit and prepaid card issuers in Mexico.

Mobile Payments 60

Mobile Payments Card Issuer Processors Issuers 60

PYMNTS

JUNE 30, 2020

PSCU has transformed its business model and evolved from a transactional processor and reseller of a platform partner’s products to an integrated, value-add financial technology solution provider, and we look forward to delivering the benefits of this scale to Primax clients,” he said, according to the press release.

Card Issuer 52

Card Issuer Issuers Credit Union Credit Union Service Organization 52

Payment Savvy

AUGUST 3, 2023

When you run any BIN number through a checking system, you end up with accurate information about the geolocation, card issuer, and card type. Since online banking systems have become more popular and virtual cards have become a norm, BIN numbers aren’t necessarily bank-issued. Next, there is clearance.

Issuers 98

Issuers Card Issuer Processors Credit Cards 98

Clearly Payments

DECEMBER 2, 2024

This involves using a physical point-of-sale (POS) terminal to process card payments. How It Works The customer swipes, inserts, or taps their card on the POS device. The terminal communicates with the card issuer to approve the payment. How It Works Customers enter their card details during checkout.

Credit Cards 96

Credit Cards Payment Gateways Gateways Multi-Currency 96

Clearly Payments

NOVEMBER 13, 2024

In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management.

Process 80

Process Processors Payments Compliance 80

Stax

AUGUST 20, 2024

The merchant’s website will initiate a 3DS request with the customer’s card issuer on the payment page. This is the first step of the process, and it is handled directly between the merchant and the payment processor. The payment processor will send a request for authentication to the customer’s card issuer.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

PYMNTS

SEPTEMBER 29, 2020

With greater digital dependency, having real-time purchase details is critical for consumers, merchants and card issuers alike,” he said, according to the release. “We We continue to collaborate with industry partners to bring clarity and simplicity before, during, and after transactions.

Issuers 97

Issuers Visa Transactions Disputes 97

Stax

MAY 7, 2024

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. Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Stax

OCTOBER 21, 2024

Merchants can end up paying high fees if they have many non-qualified transactions and payment processors may even abruptly change their classification criteria. The first key component is the transaction fee, which is the base cost merchants must pay for each credit card transaction.

Credit Cards 88

Credit Cards Process Processors Processing Costs 88

The Paypers

MAY 19, 2022

Global payment processor and card issuer Mastercard has announced it launched a new Biometric Checkout programme in the UAE.

Visa 55

Visa Card Issuer Processors Issuers 55

Fintech News

APRIL 23, 2024

Imagine you’re expanding from debit/prepaid cards to credit cards and exploring becoming an acquirer or launching a digital wallet. Or, perhaps you’re a payment processor serving large banks and want to attract fintech clients with appealing offers.

Multi-Currency 100

Multi-Currency Web 3.0 Payments Processors 100

Stax

JANUARY 10, 2024

TL;DR Understanding how credit card companies charge merchants is crucial for optimizing costs and enhancing customer experience. Credit card fees, including interchange, assessment, and payment processor fees, impact businesses on a per-transaction or recurring basis. PCI compliance fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Finextra

FEBRUARY 27, 2024

Finnish-founded card issuer and payment processor Enfuce has secured a UK e-money licence and installed former Tide CEO and Revolut COO Laurence Krieger as chairman.

Card Issuer 49

Card Issuer Security Processors Issuers 49

PYMNTS

JUNE 26, 2020

The CEO of Crypto.com, a Wirecard Card Solutions card issuer, vowed to issue refunds to its customers hours after the United Kingdom’s financial regulator froze German payment processor Wirecard’s cash and assets. “We But spokespersons declined to say whether they were seeking another card issuer.

Card Issuer 68

Card Issuer Issuers Processors Cryptocurrency 68

Finovate

OCTOBER 2, 2024

The collaboration combines Cardlay’s spend management technology with Visa’s payment network, data capabilities, and market position to drive innovation in spend management for commercial card issuers and their customers. Headquartered in Denmark, Cardlay made its Finovate debut earlier this year at FinovateSpring.

Card Issuer 59

Card Issuer Commercial Card Issuers Payment Solutions 59

Stax

DECEMBER 20, 2023

TL;DR Card brands such as Visa and MasterCard along with state and federal laws prohibit debit card surcharging. Businesses can encourage cash transactions or use credit card surcharging as an additional fee to offset payment processing costs. Learn More Are Debit Card Surcharges Legal? What About Credit Card Surcharging?

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act.

Issuers 109

Issuers Card Issuer Point-of-Sale (POS) Debit Transaction 109

PYMNTS

APRIL 27, 2020

More than ever, credit cards are becoming the coin of the realm in the global connected economy. It is not an accident that the credit card has come to occupy such a central role in this economic environment. Yet, consumers want credit cards to do much more today than they did in the early days of the industry.

Credit Cards 90

Credit Cards FinTech Processors Card Issuer 90

The Paypers

MARCH 1, 2022

Global payment processors and card issuers Visa and Mastercard have blocked multiple Russian financial institutions from their network, in compliance with the US government sanctions imposed over the ongoing war in Ukraine.

Blocks 50

Blocks Visa Card Issuer Processors 50

The Fintech Times

FEBRUARY 22, 2024

AI is not a barrier for cross-border payments Serena Smith, chief client officer, at i2c Inc Serena Smith , chief client officer, at i2c Inc , the card issuer and payment processor, explains that AI will not be the main hindrance for cross-border payments growth in 2024.

Cross-Border Payments 136

Cross-Border Payments Cross-Border AI Payment Security 136

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. Approval Code A code provided by the payment processor to indicate that a transaction has been approved.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

The Fintech Times

JULY 17, 2024

Meryem Habibi, chief revenue officer at Bitspace Commenting on this Meryem Habibi , chief revenue officer at Bitspace , the blockchain and investment firm, said: “The Apple brand obviously has huge customer loyalty and a seamless ecosystem, so other card issuers are in a sense playing catch up.

Card Issuer 116

Card Issuer Payments Contactless Payments CHIPS 116