Clearly Payments

FEBRUARY 12, 2024

At the forefront of payment industry, particularly in credit cards, are two giants: Visa and Mastercard. As the world’s leading payment networks , Visa and Mastercard play a pivotal role in shaping the landscape of electronic payments on a global scale. Then comes Mastercard, with 24%.

Visa 90

Visa Payments Payment Networks Online and Mobile Banking 90

Stax

JULY 9, 2024

The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. What makes contactless payments unique?

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

Clearly Payments

MARCH 22, 2024

Consumers, increasingly tech-savvy and seeking convenience, have readily embraced the swift and seamless nature of mobile payments over traditional methods. 51% of smartphone users in the USA have engaged in contactless payments at least once in 2023. smartphone users had engaged in contactless payments at least once in 2023.

Contactless Payments 102

Contactless Payments Online and Mobile Banking Mobile Payments Payments 102

Payment Savvy

JULY 3, 2024

Contactless Payments : Using NFC (Near Field Communication) and RFID (Radio Frequency Identification) for debit card transactions. The acquiring bank, which processes payments on behalf of the merchant, receives the transaction data and forwards it to the relevant card network (such as Visa or Mastercard).

Debit Card 52

Debit Card Process PCI DSS Processors 52

Clearly Payments

APRIL 3, 2024

The 20th century saw a revolution in payment methods, with the introduction of credit cards in the 1950s, the ATM in the 1960s, and electronic payment networks like Visa and Mastercard. Visa, Mastercard). Today, Visa processes over 131 billion transactions annually. trillion by 2027.

Process 45

Process Processors Online and Mobile Banking Payments 45

Stax

JULY 9, 2024

Key regulations governing EFT payments include the National Automated Clearing House Association (NACHA) rules, which establish guidelines for ACH transfers, and the Payment Card Industry Data Security Standard (PCI DSS), which sets security standards for handling card information. Q: What is a contactless payment?

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Clearly Payments

DECEMBER 5, 2023

The 1980s brought about the widespread adoption of point-of-sale (POS) terminals , making it more convenient for merchants to accept credit card payments. The emergence of networks like Visa and Mastercard further standardized the credit card industry, establishing a framework for interoperability and widespread acceptance.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52