article thumbnail

1 In 4 US Cardholders Saw Credit Limit Cut Over The Last Month

PYMNTS

Nearly 50 million credit card customers in the U.S. said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed.

article thumbnail

Accepting Online Payments with Internet Merchant Accounts

EBizCharge

Enter the Internet merchant account, a key player in this financial ecosystem. By understanding the components and processes involved in Internet merchant accounts, businesses can streamline their payment operations and provide a seamless shopping experience. What is an Internet merchant account?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NEW DATA: Pandemic Pushes 70 Pct Of Businesses To Automate Accounts Receivables

PYMNTS

The pain points that accounts receivable (AR) teams most commonly experience can be boiled down to three underlying and related problems: continued reliance on manual AR management practices, and the resulting lack of speed and high operating costs associated with managing receivables. Reliance on manual processes has far-reaching effects.

article thumbnail

How Credit Limit Increase Optimization Drives Portfolio Profit

FICO

Credit limit management is regarded as a key driver to profitable portfolios. Credit limit increase optimization (CLI) is a powerful tool to achieve portfolio goals. Credit limit increase optimization (CLI) is a powerful tool to achieve portfolio goals. The Power of FICO Credit Limit Increase Optimization.

article thumbnail

Fast and Flexible, Not Furious: How Top Card Issuers Win the Race

Fintech News

This includes pricing, instalments, multi-currency accounting, credit limits, interest calculations, exceptions, fees and commissions, authentication validity periods, risk operations, workflows, and more. This can be an account opened in Way4 or in the integrated Core Banking System.

article thumbnail

These 6 Automation Tips Could Help Southeast Asia’s E-Wallets Stay Ahead of the Competition

Fintech News

Here are six ways automation can support growth in key areas: #1 Frictionless onboarding Customers should be able to open accounts within minutes, with little documentation, allowing instant and effortless entry into the digital financial ecosystem. #2

article thumbnail

The Architecture Of Accounts Receivable

PYMNTS

It’s not difficult for a supplier to tell when accounts receivable (AR) processes are not optimized. Many sellers have a broken internal process to increase a credit line , so they set that limit as high as possible, so they don’t have to revisit the account later.”.