EBizCharge

NOVEMBER 11, 2024

With several types of accounting reconciliation, each serves a distinct purpose, whether it be cash-based methods or more intricate multi-step processes. Reconciliation is a financial process that ensures that two sets of records align accurately, such as internal financial records and external statements. What is reconciliation?

Reconciliation 52

Reconciliation Best Practices Non-Bank Audit 52

Fi911

JULY 19, 2024

List of Visa Chargeback Reason Codes: By Category Visa chargeback reason codes are divided into four main categories: Fraud, Authorization, Processing Errors, and Consumer Disputes. It includes fraudulent transactions, account takeover, and identity theft. It includes fraudulent transactions, account takeover, and identity theft.

Disputes 88

Disputes Duplicate Non-Bank Authorization 88

PYMNTS

JUNE 7, 2018

billion : The total number of ACH debit and credit transactions in Q1 2018. 25 billion : The value of P2P payments processed on the Zelle network in Q1 2018. . $2 trillion : The estimated worth of the logistics and freight forwarding space. billion : The number of freight invoices generated in 2017.

Process 43

Process Zelle ACH P2P 43

Stax

DECEMBER 27, 2023

A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. This includes credit card payments, debit cards, and other payment options that require a merchant account to process payments, such as eChecks and ACH.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

Tearsheet

APRIL 22, 2024

An OCT [Original Credit Transaction] operates as a push payment, where the payment service provider pushes funds directly into the cardholder’s account. In addition to improving consumer experiences in P2P transactions, Visa+ also offers cross-platform interoperability for business-to-consumer (B2C) payment flows via its APIs.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

Finovate

MARCH 20, 2024

The new feature works with firms’ existing debit and credit programs and allows consumers to select up to five historical transactions to move into a BNPL payment plan. based Curve’s Flex feature that allows customers to move transactions into a installment repayment plans. Curve launched its credit card in the U.S.

Posting 52

Posting BNPL Debit Card Credit Cards 52

PYMNTS

SEPTEMBER 15, 2017

In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing, after a smooth Phase 1 of Same Day ACH debuted last September. 2016 and July 2017.

Same Day ACH 52

Same Day ACH ACH NACHA Credit Transaction 52

Nanonets

APRIL 8, 2024

But, just as keeping a subscription on automatic renewal without oversight can be a costly mistake, so too can mismanaging recurring ACH transactions. In its simplest form, the ACH network is like a trusted third party that receives money from the payer and processes it on their behalf before depositing it into the payee’s account.

ACH 52

ACH Wire Transfer ACH Network Tax Refunds 52

EBizCharge

JULY 25, 2024

Credit card surcharges are the processing fees that merchants pass to their customers when they use credit cards to purchase goods or services. Traditionally, businesses absorb credit card processing costs, but with surcharging, they pass the fees directly to consumers. Specific requirements by region (U.S.,

Best Practices 52

Best Practices Credit Cards Compliance Debit Card 52

PYMNTS

FEBRUARY 1, 2019

Though it’s been more than a year since each submitted applications to process payments in the $124 trillion market, the People’s Bank of China (PBoC) hasn’t acknowledged and accepted the applications. Mastercard revealed continued gains in processed transactions , with gross dollar volume up 14 percent to $1.5

Visa 68

Visa Volume Transactions Credit Transaction 68

Payments Source

JULY 17, 2019

Artificial intelligence software could even be used to analyze and score credit transactions as is done for banking transactions, writes Monica Eaton-Cardone, COO of Chargebacks 911 and CIO of its parent company Global Risk Technologies.

Credit Transaction 73

Credit Transaction Security Risk Transactions 73

The Paypers

SEPTEMBER 3, 2019

(The Paypers) HSBC has completed the first yuan-denominated blockchain-based letter of credit transaction within the Voltron trade finance platform.

Blockchain 28

Blockchain Process Credit Transaction Finance 28

CB Insights

JUNE 11, 2021

Indonesia-based BukuWarung is a micro, small, and medium enterprise ( MSME)-focused accounting and digital payment application that offers financial products for lending, insurance, savings, and cash and credit transactions. It also claims to have processed around $1.4B The company reportedly has a portfolio of 6.5M

Digital Payments 67

Digital Payments Credit Transaction Payments Participant 67

Clearly Payments

JULY 26, 2024

Consumer data, primarily gathered from credit card transactions, offers information that can help businesses enhance their operations, understand customer behavior, and ultimately increase their profitability. Transaction Date and Time The specific date and time when the transaction occurred.

Payments Data 52

Payments Data Consumer Fraud Detection Credit Cards 52

Nanonets

JULY 24, 2024

What are debits and credits? Debit and credit are the two essential accounting terms you must know to understand the double-entry accounting system. A double-entry accounting system records each transaction as a debit or a credit. Debit and credit are terms used in finance to indicate changes in account balances.

Accounts 52

Accounts Automation Transactions Process 52

The Paypers

MARCH 19, 2019

(The Paypers) UK Finance has released data showing that more than 40% of all debit and credit transactions in the UK were processed using contactless technology in 2018.

Contactless Payments 47

Contactless Payments Credit Transaction Finance Payments 47

The Fintech Times

FEBRUARY 12, 2024

Banks and other payment service providers (PSPs) will now need to ensure credit transfers are affordable and immediately processed. The new rules define ‘instant’ credit transfers as money transfers that arrive into the recipient’s account within 10 seconds, regardless of the time or day.

Laws 57

Laws Rules Fraud Detection Money Laundering 57

PYMNTS

JANUARY 6, 2021

Getting there, he told Webster, involves expanding financial inclusion through digital transactions that, effectively are — for the merchants and consumers involved– free. Central banks around the globe are in the process of actively developing, or at least mulling, the issuance of digital fiat, directly into digital wallets (the U.S.

Central Bank 145

Central Bank Financial Inclusion Wire Transfer Payments 145

PYMNTS

JANUARY 14, 2021

Payments credit union service organization (CUSO) PSCU reported 11.4 percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. Debit contactless transactions expanded to 17.1

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

PYMNTS

MAY 18, 2020

“Our data continues to show signs of consumer awakening, with the growth rate for debit spend above historic levels and credit card spend continuing to show week-over-week improvements,” said Glynn Frechette , senior vice president, Advisors Plus at PSCU. “In percent of overall credit transactions and credit CNP purchases comprising 59.8

Debit Card 52

Debit Card Credit Union Service Organization Credit Cards Credit Union 52

PYMNTS

JUNE 24, 2020

And as the ways and means of paying online – spanning mobile wallets, person to person (P2P), card-not-present (debit and credit) transactions and a host of others – proliferate, the merchants that pivot to take into account (and respond to) customer preferences will be successful.

PCI DSS 95

PCI DSS Payment APIs and Integration Gateways Payments 95

PYMNTS

JANUARY 25, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. The first phase launched in September of last year, making ACH credit transactions eligible for same-day processing. million transactions, totaling $5.9

Same Day ACH 40

Same Day ACH NACHA ACH Direct Deposit 40

PYMNTS

OCTOBER 30, 2018

The company said that gross dollar volume, which is the total dollar volume of transactions processed, reached $1.4 Breaking that down a bit, debit and prepaid transactions stood at $720 billion, up from $642 billion last year. Credit transactions were $748 billion in the quarter, which was up from $705 billion last year.

B2B 71

B2B Visa Cross-Border Volume 71

PYMNTS

JULY 26, 2018

Mastercard results released on Thursday (July 26) showed growth in international transactions, where double-digit percentage gains outpaced other metrics such as gross dollar volumes, which also showed healthy growth. Of that, credit transactions edged debit, to a respective $757 billion and $718 billion. billion transactions.

Cross-Border 40

Cross-Border Volume Visa Adjustments 40

PYMNTS

SEPTEMBER 26, 2019

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

Payer 67

Payer Real Time Payments Push-to-Card Payee 67

PYMNTS

SEPTEMBER 15, 2017

She noted the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing. We’re seeing robust use of same-day ACH credits,” said Larimer. That assertion is backed up by the numbers. Amid the robust use cases, NACHA is seeing three that are prevalent thus far.

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

PYMNTS

APRIL 21, 2017

That growth, extending across credit and debit card transactions, was enough to propel results past estimates on Thursday, as adjusted net income came in at $0.84 Credit transactions, as measured on a consolidated basis, were $974 billion, with a 25 percent change, and debit was up 58 percent to $755 billion.

Debit Card 40

Debit Card Cross-Border Payments Push-to-Card Cross-Border 40

PYMNTS

FEBRUARY 1, 2019

Payments volume and processed transactions gained 11 percent, a bit below the payments volume expectations of 12.3 Through Jan 21, said management, processed transactions are up 12 percent. Cross-border transactions were up 7 percent in the quarter. Debit transactions were up 12.2 billion transactions.

Volume 46

Volume Cross-Border Debit Transaction Venmo 46

PYMNTS

FEBRUARY 21, 2019

The fee would be charged for credit card payments that are more than $299 a month, and the change will start on March 26. These credit card payments used to be free, and Alipay handled $10 trillion in credit transactions in the 12 months leading up to September.

Credit Cards 43

Credit Cards Mobile Payments Central Bank Credit Transaction 43

PYMNTS

JANUARY 31, 2017

the company said, total volumes stood at $388 million, up from $378 million a year ago and bifurcated between $199 million in debit transactions and the remainder in credit transactions. Within the U.S., Cross border volumes were up 13 percent. billion in the latest tally. billion, up from 17 percent last year.

Visa 40

Visa Cross-Border Volume Debit Transaction 40

Electronic Payments Coalition

MARCH 26, 2024

issued consumer credit and commercial credit transactions at U.S. issued credit programs, including new products required to be accepted under the Mastercard brand. Merchants will be permitted to provide customers truthful information as to why they are applying a charge for credit card use. merchant locations.

Agreements 52

Agreements Payment Networks Settlement Credit Cards 52

PYMNTS

JULY 20, 2018

Faster Payments issued an update on July 12 stating that most of the delayed payments had been processed, and also apologized to affected customers. Rival Visa had also reported a glitch that affected millions of debit and credit transactions last month.

Funds Transfer 40

Funds Transfer Faster Payments Credit Transaction Visa 40

PYMNTS

OCTOBER 25, 2019

Visa posted fiscal Q4 earnings results that topped expectations, driven by high single-digit percentage growth in payments volume and cross-border transactions — and where management said that B2B transactions topped $1 trillion on an annualized basis. Visa said that international transaction revenues gained 11 percent to $2.2

Volume 42

Volume B2B Cross-Border Point-of-Sale (POS) 42

PYMNTS

NOVEMBER 18, 2019

Connors added that, through the years, ATMs took root in brick-and-mortar casinos , as sponsoring banks and issuers embraced debit transactions. He added that Fiserv and others have had to take what would normally be a brick-and-mortar transaction, and facilitate a card-not-present (CNP) transaction in an eCommerce world.

Online and Mobile Banking 43

Online and Mobile Banking Government Governance Legal 43

PYMNTS

DECEMBER 13, 2017

The firm’s CEO, Mike Belshe, said the VC round was “one of the easiest fundraising processes ever.” The company knows exactly what these documents should look like — from security characteristics and items encoded to how the photo should be held in place — thus helping to make verifying a purchaser a seamless process both online and in-store.

Same Day ACH 49

Same Day ACH Verification Bitcoin Cryptocurrency 49

Fintech Labs Insights

NOVEMBER 9, 2015

Interac debit card transactions have a processing fee of $0.25; Visa and MasterCard credit transactions have a fee of 2.75%. Dream mPOS also comes with an online dashboard where business owners can create reports, study analytics, and more right from their smartphones. The card reader is available through TELUS for $100.

EMV 25

EMV Small Business Payments Debit Card 25

PYMNTS

JANUARY 30, 2020

Drilling down into the payments volume, and as shown in supplemental materials from the company, total credit transaction volumes were $1.3 The total transaction count was up 10 percent to 54.8 International transaction revenues were up 9 percent to $2 trillion. billion transactions.

Contactless Payments 91

Contactless Payments Transactions Cross-Border Volume 91