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Finding the 'pot of gold' in small-merchant payment processing

Payments Source

As American Express and Citigroup clashed over which issuer would get the coveted Costco Warehouse credit card business, one area remained undisputed and out of their hands: Payment processing for Costco's small business clients.

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CFPB Takes Action to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans

Fintech Finance

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

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JPMorgan Chase Crosses $1 Trillion Mark With Merchant Processing

PYMNTS

12) it crossed the $1 trillion mark in merchant payments processing volume for 2016 as of 11:06 p.m. According to JPMorgan Chase , merchant processing volume has grown annually from $750 billion in 2013 to nearly $950 billion in 2015. JPMorgan Chase has been having a good year when it comes to merchant processing.

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Till Payments Partners With BigCommerce To Elevate Online Business Payments and Cross-Channel Commerce

Fintech Finance

The partnership enables BigCommerce customers to access a feature-rich eCommerce payment processing solution and opens new avenues for seamless payment experiences for merchants with an omnichannel retail presence, bridging the divide between online & in-store via a singular payment processing partner.

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Statistics on How Much Merchants Pay for Payment Processing in 2024

Clearly Payments

In 2024, payment processing is more complex and competitive than ever. With the global economy’s increasing digitization, the demand for efficient, cost-effective payment processing solutions has surged. Merchants and corporations are always in search of low cost processing across all industries and regions.

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PayFac Model 101: Payment Facilitators Explained

Exact Payments

As merchants look to accept payments with ease, and as software developers seek to diversify their revenue-earning strategies, the PayFac model has risen to the forefront. For businesses that choose to become payment facilitators, the benefits are tremendous. These technologies are often third-party solutions.

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Why Direct-to-Consumer Payment Models Will Become A Mainstay

PYMNTS

That will also bring a reinvigorated focus on supplying manufacturers with payment options that make the customer and merchant payment process seamless, an element that is often overlooked by CPGs, according to Shopify. However, the transition from retail to DTC should be strategic.