EBizCharge

NOVEMBER 12, 2024

A merchant account is a business bank account that allows companies to accept payments, such as debit and credit card transactions, electronic funds transfers (EFTs), and Automated Clearing House (ACH) payments. Whereas point-of-sale (POS) systems are ideal for brick-and-mortar stores, enabling swift in-person payments.

Accounts 52

Accounts Online and Mobile Banking MSPS Debit Card 52

Clearly Payments

NOVEMBER 23, 2024

They provide point-of-sale (POS) terminals, online payment gateways, and mobile payment solutions. Moneris has become a leading payment processor in Canada, offering comprehensive solutions like point-of-sale (POS) systems , e-commerce payment gateways, and fraud protection.

Credit Union 59

Credit Union Process Online and Mobile Banking Processors 59

FICO

NOVEMBER 10, 2020

Many of the world’s leading banks and card issuers trust our Falcon Platform , which protects more than two-thirds of the world’s credit card and debit card transactions from fraud, as well as other forms or real-time payments and consumer banking funds transfers.

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

Stax

APRIL 30, 2024

This account is used by banks to temporarily hold funds from credit or debit card payments or other electronic transactions. Once the bank verifies and approves the payment, the funds are transferred from the merchant account to your business account. Quick fund transfers as early as 24 hours.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

Stax

SEPTEMBER 17, 2024

Simply put, a payment gateway is a solution that securely reads and transfers a customer’s payment information to a merchant’s bank account—both for online and in-person transactions. These may include credit cards, debit cards, eChecks, and digital wallets (like Google Pay, Apple Pay, Amazon Pay, PayPal, Venmo, etc.).

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. It then sends an approval or denial response back through the card network to the payment processor.

Process 59

Process Processors Online and Mobile Banking Payments 59

Finovate

SEPTEMBER 20, 2024

For instance, when a customer of one bank opens an account with another institution, the new bank gains visibility into the customer’s transaction history and account balances from their original bank, while the new bank is also able to initiate fund transfers or debit transactions from the customer’s account at the original institution.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

M2P Fintech

MARCH 28, 2024

without requiring a traditional bank account or debit card. Alternative Finance Alternative finance refers to a variety of funding and investment avenues beyond conventional banking, such as crowdfunding, peer-to-peer lending, and cryptocurrencies. It functions like a debit card for purchases and withdrawals.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

PYMNTS

DECEMBER 19, 2019

consumers the universal right to credit card charge reversals, while the Electronic Fund Transfer Act of 1978 affords the same rights to debit card holders. The Truth in Lending Act , signed into law in 1968, grants U.S.

Credit Cards 53

Credit Cards Point-of-Sale (POS) Disputes Laws 53

PYMNTS

JUNE 1, 2020

Reimbursements are not the only way patients receive healthcare-related funds; some receive financial assistance. Pharmaceutical manufacturers sometimes reduce expenses for eligible patients, Corn said, with aid administered as point-of-sale (POS) discounts, rather than as patient disbursements.

Electronic Funds Transfer (EFT) 55

Electronic Funds Transfer (EFT) B2C Checks Point-of-Sale (POS) 55

Stax

MARCH 14, 2024

Most B2C transactions are performed at the point of sale (POS), whether it’s eCommerce or in-store checkout, which lends them to faster payment methods like mobile payments more often than B2B transactions. Business to consumer (B2C), by comparison, relies on speedy payment processing to transact on the spot.

B2B 88

B2B Process B2C Credit Cards 88

Clearly Payments

DECEMBER 5, 2023

Payment processors play a crucial role in modern commerce by enabling various forms of payment, including credit cards, debit cards, electronic funds transfers, and digital wallets. Acquirers play a pivotal role in authorizing and processing credit and debit card transactions on behalf of merchants.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

EBizCharge

SEPTEMBER 18, 2024

ACH payments refer to electronic funds transfers (EFTs) between financial institutions using the ACH network. Additionally, ACH payments usually incur lower transaction fees than other payment methods like credit and debit cards. What are ACH payments? Large companies with AR departments commonly use this code.

ACH 52

ACH IAT ACH Network Direct Deposit 52

Nanonets

FEBRUARY 21, 2024

Introduction Cash reconciliation remains a critical process in today’s retail environment, despite the shift from traditional cash registers to advanced point-of-sale (POS) systems. Although the process is foundational for maintaining operational integrity, it can be intricate and susceptible to human mistakes.

Reconciliation 52

Reconciliation Best Practices Point-of-Sale (POS) Automation 52

Clearly Payments

SEPTEMBER 16, 2024

Contactless Cards Percentage of Transactions : Contactless cards account for the majority of contactless payments globally. In regions like Europe and Australia, contactless card payments represent over 60-70% of total card-based transactions.

Contactless Payments 52

Contactless Payments Push-to-Card Payments Transactions 52

EBizCharge

JULY 2, 2024

It also enhances security, as modern contactless payment options like digital wallets and chip cards are equipped with advanced encryption, protecting sensitive customer information from potential fraud. Payment links eliminate the need for a physical card or point-of-sale (POS) system, making them versatile for remote billing or services.

Contactless Payments 52

Contactless Payments Payments Disputes Online and Mobile Banking 52

Fintech Labs Insights

AUGUST 8, 2016

Lost/stolen credit & debit card solution. Blockchain-based institutional funds transfer and settlement. Tags: Institutions, payments, funds transfer, blockchain, bitcoin, crypto-currency. P2P currency exchange. Latest round: $8.4 million Series B. Total raised: $18.5 HQ: London, England, UK. CirraGroup.

Underwriting 18

Underwriting FinTech Debit Card P2P 18

Fintech Labs Insights

JULY 12, 2016

Prepaid debit card for youth. Funds transfers. Tags: Consumer, payments, remittancees, funds transfer, cryptocurrency. Source: Crunchbase. Financing solutions for retailers & manufacturers. Latest round: $13 million Series B. Total raised: Unknown. HQ: Austin, Texas. Source: Crunchbase. SeedInvest.

Underwriting 17

Underwriting P2P FinTech Online and Mobile Banking 17

Fintech Labs Insights

JULY 20, 2016

Tags: Consumer, prepaid debit card, deposits, underbanked, millendial, mobile, billpay.

P2P 13

P2P Underwriting FinTech Remote Deposit Capture 13