Fintech Finance

DECEMBER 12, 2024

Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or supporting merchant websites, without having to create accounts or repeatedly type in card details, shipping and billing information. Apple Pay is easy to set up.

Visa

Finextra

AUGUST 6, 2025

Key metadata signals to monitor include: POS Entry Mode: Every card transaction includes an entry mode code (how the card data was obtained: EMV chip, contactless, magstripe, e-commerce, etc.). code 07 or 91 for NFC) when the account isn’t known to use contactless , that’s suspicious. a device account number or wallet ID).

Rules

The Fintech Times

NOVEMBER 18, 2024

Customers will be able to set up a pool for free in the PayPal app and contribute to an existing pool at no cost using their PayPal balance or linked bank account. Pool organisers can invite any friend or family member to contribute to their pool, whether they have a PayPal account or not.

PayPal

Clearly Payments

AUGUST 8, 2025

These were the most common and costly in 2024: Fraud Type Definition 2024 Impact New Account Fraud Criminals use stolen or synthetic identities to open new credit cards. Among the most common credit card identity theft methods reported to CAFC Existing Account Fraud Unauthorized use of a valid card/account.

Credit Cards

Clearly Payments

MARCH 4, 2025

Lowering Cost with EMV Transactions One of the most effective ways to lower payment processing costs is by using EMV chip and PIN transactions. When a business processes a payment using EMV chip technology, it reduces the risk of fraud, which can result in lower chargeback rates and fewer fraud-related penalties.

Small Business

Stax

MARCH 4, 2025

TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. Choose a reliable payment gateway, decide between API or plug-and-play solutions, set up a merchant account (if needed). Need to integrate payments?

Credit Cards

Clearly Payments

MARCH 14, 2025

Contactless payments continue their rapid adoption, projected to account for more than 60% of in-store purchases. Credit cards now account for 33% of all transactions, and Visa holds a commanding 58% market share. If approved, an authorization hold is placed on the cardholders account for the transaction amount.

Credit Cards

Stax

MARCH 6, 2025

They are embedded with EMV chips (Europay, MasterCard, Visa) that use either chip-and-PIN or chip-and-signature authentication methods. However, the embedded chips only secure in-person transactions. In short: contactless credit and debit cards have built-in EMV and NFC chips. Static QR codes. Dynamic QR codes.

Contactless Payments

NFCW

JUNE 20, 2025

TAP TO TRANSFER: NFC P2P feature lets Samsung Galaxy users tap their phones to send money Samsung Galaxy owners in the US can now transfer funds directly to a contact’s bank account by just tapping their two phones together — or by simply bringing the recipient’s contactless bank card into close proximity.

P2P

Stax

JUNE 8, 2025

Acquiring bank – Also called the merchant account provider, an acquiring bank is the bank hosting your credit card processing account, and will deposit funds from the transaction into your account. Example: With a payment processor and POS terminal, the transaction is encrypted by the terminal reading the EMV chip.

Payment Gateways

Stax

MAY 6, 2025

Other businesses may consider a more feature-rich platform to account for the integration of a variety of online and in-store payments into a single payment platform. Both dipping and tapping require an EMV chip card that generates a unique one-time code for every transaction. That adds an extra layer of security.

Credit Cards

Stax

MARCH 13, 2025

This is because funds are pulled from the cardholder’s bank account, posing less risk for the issuing bank. Security technology Additional security measures like EMV chip cards and contactless payments can both influence interchange fees. Debit card interchange fees are lower than that of credit cards.

Debit Card

Clearly Payments

AUGUST 6, 2025

Credit card identity theft: Approximately 449,000 cases involved criminals using stolen personal data to open or misuse credit card accounts. accounts for 42% of all credit card fraud globally, despite handling only 25% of card transactions. In 2024, CNP fraud continued to account for the majority of U.S. Global share: The U.S.

Credit Cards

The Fintech Times

MARCH 19, 2025

Contactless fraud accounted for 41.5million in losses last year, up 19 per cent from 2022. This could boost revenue, especially for businesses that previously had to rely on chip-and-PIN or cash for higher-value transactions. Only 11 per cent chose Chip & PIN. Fraud is a key consideration.

Contactless Payments

The Fintech Times

MAY 7, 2025

Sage , the accounting, financial, HR, and payroll technology provider for small and mid-sized businesses (SMBs), has announced that it is extending its collaboration with Amazon Web Services (AWS) to develop innovative AI solutions ideally suited for the accounting and compliance needs of SMBs.

Compliance

The Payments Association

NOVEMBER 18, 2024

Von Vonno adds: “ According to Pay.UK, 53% of UK consumers (over 28 million) operate two or more current accounts. When merchants accept payments from their customers, those funds are typically deposited into the merchant’s bank account. This is where merchant deposits come into play.

FinTech

Fintech Finance

JANUARY 20, 2025

Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or supporting merchant websites, without having to create accounts or repeatedly type in contact, shipping and billing information. Apple Pay is easy to set up.

Contactless Payments

Stax

JULY 7, 2025

By contrast, mobile payment services are the platforms or apps—like Apple Pay, Google Pay, or Samsung Pay—that customers use to make purchases using stored credit card, debit card, or bank account information. Some services also allow consumers to make online payments using their account balance.

Mobile Payments

The Fintech Times

JUNE 27, 2025

How iDenfy will work with QwikPay iDenfy’s identity verification solution is designed to validate user identities in seconds using document analysis, facial recognition, and NFC chip reading.

Risk Management

Finovate

JANUARY 22, 2025

The free, FDIC-insured account offers 2.5% interest or an investment account with rates up to 4.38%, all without fees or transfer limits. interest or choose to invest it in a money market fund via the Ramp Investment Account which offers rates as high as 4.38%. This is Ramp’s first foray into holding deposits.

Treasury

Cardfellow

MAY 19, 2025

Some credit card machine companies also provide merchant accounts, while others are solely equipment manufacturers. Machine providers that dont offer merchant accounts work with processing companies that do in order to enable businesses to use their machines. Need details on particular machines? With over 7.5

Credit Cards

Stax

MARCH 5, 2025

To help you understand the larger advantages of online merchant account services , here is a quick overview of their most common benefits. Enjoy Industry-Grade Security Reliable online merchant account services providers offer their services without putting your customers security at risk.

Credit Card Payment Processing

Fintech News

JUNE 30, 2025

Instead, a unique Device Account Number is encrypted and stored securely in the Secure Element, a certified chip on Apple devices. When a JCB card is added to Apple Pay, the actual card number is not stored on the device or Apple servers.

Contactless Payments

Cardfellow

FEBRUARY 26, 2025

Is contactless the same as a chip card? This is done instead of swiping a magnetic strip or dipping an EMV chip card. Is contactless the same as a chip card? The technologies are different, but most chip cards are also contactless enabled. In this article, well go over contactless payments and specifically tap on phone.

Contactless Payments

Fintech Finance

JUNE 5, 2025

Customers can also use Apple Pay on iPhone, iPad, Apple Watch and Mac to make faster and more convenient purchases in apps or on the web without having to create accounts or repeatedly type in contact information, card details, or shipping and billing information. Security and privacy are at the core of Apple Pay. Apple Pay is easy to set up.

Visa

The Fintech Times

JULY 10, 2025

People think putting Chip and PIN payments on a phone is simple, it’s not. No one-time passwords, no saved credentials, no account takeover: just a secure, positive action that proves it’s really you. Everyone already knows how to use Chip and PIN, and importantly, trusts it. Since launch, how has your company evolved?

Online and Mobile Banking

Clearly Payments

MAY 22, 2025

Early Termination Fee A penalty for cancelling your merchant account early. Bank Accounts & Settlements Merchant Account A special account used to receive card payments. Bank Account Where funds are deposited after processing. Next-Day Funding Receiving funds in your account the next business day.

Online and Mobile Banking

Cardfellow

JULY 21, 2025

All plans let you accept credit and debit cards (magstripe, EMV chip, and NFC contactless transactions), take cash or checks, provide basic reporting and sales tracking, and give you the option of using Rapid Deposit. You can optionally integrate with QuickBooks or Xero to handle accounting. So what’s the difference between the plans?

Database

Cardfellow

MAY 19, 2025

Some machines let you take magstripe, EMV chip, and NFC (contactless) payments while others only accept magstripe and EMV. Pictured below is a popular Verifone Vx520 model, which boasts an EMV chip slot on the bottom and a magstripe reader on the side. A basic chip-capable credit card machine starts around $300.

Credit Cards

The Payments Association

JUNE 16, 2025

Any future digital pound will likely co-exist with stablecoins, e-money, tokenised deposits and an upgraded account-to-account payment infrastructure. Storage limitations within these chips also constrained transaction volumes and the complexity of risk detection algorithms.

Settlement

EBizCharge

JULY 3, 2025

Merchant services are a must-have for any business that wants to accept credit cards, but they often come with a tangle of fees that chip away at your profits. Rather, it typically refers to providers that don’t charge recurring monthly fees for maintaining your account. You’ll also want to consider your current infrastructure.

Process

Fintech Finance

OCTOBER 28, 2024

As a principal member of VISA, FV Bank Visa debit cards support transactions across millions of merchants and ATMs globally, allowing for payments via magstripe, chip, and contactless options. Spend funds in real-time from their linked FV Bank USD accounts, making it easier to manage finances on the go.

Debit Card

EBizCharge

JANUARY 16, 2025

MCCs are set by major credit card networks such as Visa, MasterCard, American Express, and Discover when merchants set up their credit card processing accounts to ensure transactions are accurately processed, and interchange fees are correctly applied. It also aids in matching transactions to specific accounts during financial audits.

Credit Cards

Finovate

MAY 13, 2025

Funds and accounts advised by T. At the conference, the company unveiled its low-fee, self-directed Roth IRA accounts as part of its Stash Retire offering. Rowe Price Investment Management, Inc, were also involved in the round. “For a decade, Stash has helped millions take control of their financial futures. .”

AI

EBizCharge

DECEMBER 18, 2024

Card payment clearing: Facilitates credit and debit card transactions by ensuring funds are transferred from the payers bank to the payees account. Interbank payments: Manages settlements between banks, often through systems like Clearing House Interbank Payment Systems (CHIPS) or central banks.

Facilitators

Stax

JULY 7, 2025

This way, the business can recover the fees that would otherwise chip away at their margins. Selecting the Right Credit Card Processing Company The right merchant account provider is crucial to implementing an efficient surcharging program. We’ll get to the finer details of surcharging later on.)

Credit Cards

The Paypers

JUNE 26, 2025

iDenfy’s solution is designed to validate user identities in seconds using document analysis, facial recognition, and NFC chip reading, supporting over 3000 document types from more than 200 countries and territories. To use the identity verification, users simply upload a government-issued ID and take a selfie.

Compliance