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Why Do Issuer Declines Happen?

Fi911

An issuer decline code is provided by an issuing bank to a merchant, indicating the rejection of a credit card transaction. This means that the issuer has halted or blocked the transaction. The specific code gives a brief reason for why the issuer turned down the purchase.

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Dubai First takes the lead as the first issuer in the region to leverage Mastercard Token Connect services

Fintech Finance

Dubai First , the consumer services platform under First Abu Dhabi Bank (FAB), has become the first issuer in the region to leverage Mastercard Token Connect to push customers’ tokenized card details from its mobile app to Click to Pay and digital wallets.

Issuers 92
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MeaWallet Introduces New Features to Support Click to Pay, Enabling Safer, Faster Online Shopping

Fintech Finance

MeaWallet , a leading digital payments enabler specialising in card tokenization, today announced several updates to its products in support of Click to Pay. Click to Pay, described by Mastercard as the e-commerce counterpart to contactless cards, leverages the Secure Remote Commerce (SRC) Framework.

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BofA to reissue 4 million cards in rapid contactless push

Payments Source

While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking much more aggressive approach.

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The dos and don’ts of implementing a card product: Simplifying the complexity for success

The Payments Association

In today’s competitive landscape, implementing a card product can be a powerful addition for businesses looking to enhance customer loyalty, streamline expenses, or broaden their financial offerings. Designing and launching a debit or credit card product requires navigating a complex web of stakeholders and intricate processes.

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Torus Payments Analytics SaaS Wins Title of Fastest-Growing Fintech Startup in Lithuania on Sifted

Fintech Finance

We believe that the whole global card payments industry lacks transparency when it comes to profitability calculation and scheme fees analysis. A big thank you to Sifted for featuring us, and we will continue to push forward!”, And Torus is on a mission to fix this issue.

FinTech 94
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Debit routing rule tables turned on regulators

Payments Dive

Bank card issuers say there isn’t enough network competition to meet the July debit card routing rule deadline, adopting regulators’ argument to push back.

Rules 88