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. EMV technology not only enhances security but also helps businesses avoid higher processing fees associated with less secure payment methods, such as magnetic stripe transactions.

Small Business

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

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

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

EBizCharge

JUNE 12, 2025

For Canadian businesses navigating the increasingly complex world of payment processing, having a reliable and efficient merchant account is essential. This article will explore what Canadian merchant accounts are, common challenges they face, and how EBizCharge can alleviate those challenges. What is a Canadian merchant account?

Process

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

Clearly Payments

MARCH 31, 2025

Require higher security standards, including EMV , PCI compliance , and encryption measures. A study by Mercator Advisory Group indicated that, on average, card payments accounted for 50% of total sales in U.S. Enterprises: Utilize integrated point-of-sale (POS) systems that connect with inventory, customer data, and analytics tools.

Small Business

Stax

JANUARY 28, 2025

Click to Pay is based upon global EMV Secure Remote Commerce (SRC) standards, which include security measures like tokenization , multi-factor authentication , and 3D Secure protocols. Once the issuing bank gives the go-ahead, the payment services provider will facilitate the transfer of funds from the customers account to a merchant account.

Payment APIs and Integration

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. In short: contactless credit and debit cards have built-in EMV and NFC chips. Contactless cards account for over 60 to 70% of total card transactions. Static QR codes. Dynamic QR codes.

Contactless Payments

Cardfellow

JUNE 17, 2025

Internet-based digital wallets let customers add credit or debit card information to a personal account or profile. Information is kept on file and when customers make a purchase online, they sign into their account and use it to pay for their purchase. Any payments you make using your Google accounts will be done through Google Pay.

PayPal

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

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. Note that you’ll need compatible Clover hardware to accept EMV/NFC transactions and checks.

Database

Cardfellow

JUNE 28, 2025

The point is to get up and running quickly, with minimal hassle, just like in-person Square accounts. Square’s API also comes close on the heels of PayPal’s EMV card reader release, which targets Square’s large reader market share. What is an API and how does Square’s work?

Payment APIs and Integration

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

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

Stax

MAY 23, 2025

This involves: Merchant onboarding: Collecting business details and verifying accounts so your users can start accepting payments. Payouts and reporting: Ensuring funds reach the merchants bank account and offering tools to track and manage transactions. EMV, NFC, etc). Pro tip: Stax Connect ticks all these boxes and more.

ISVS

Cardfellow

FEBRUARY 26, 2025

This is done instead of swiping a magnetic strip or dipping an EMV chip card. If you need help determining the right solution for you, check out our article on credit card processing pricing models or sign up for a free CardFellow account. Is contactless the same as a chip card? Do all credit card processors offer tap on phone?

Contactless Payments

Stax

JULY 7, 2025

According to Federal Reserve research , credit and debit cards make up a significant share of payments—credit cards alone account for roughly 35% of transactions As such, many merchants have sought a solution that allows them to alleviate the burden of credit card processing fees. Merchants pay only the low cost of debit card acceptance.

Credit Cards

Stax

DECEMBER 9, 2024

Debit or credit card chargebacks are when a disputed charge made to a merchant’s account is refunded to the customer’s bank account. As well as chargeback fees, there’s also the risk of banks choosing to freeze or even terminate merchant accounts. What Are Credit Card Chargebacks?

Credit Cards

The Fintech Times

MAY 14, 2025

The solution is PCI DSS-compliant and EMV-certified, with full security, updates, and support managed by PXP, eliminating compliance headaches for merchants. The application is designed with extensive personalisation in mind, offering in-app branding, digital and printed receipt styling, and tailored reporting.

Payment Solutions

Tom Groenfeldt

MARCH 18, 2019

EMV chips have reduced POS card fraud as expected but fraudsters are moving into new areas such as opening new accounts in a stranger's name, taking over accounts or hitting reward programs for profits.

Credit Cards

PYMNTS

AUGUST 13, 2020

PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. seconds on average through EMV 3DS.

EMV

Payments Source

APRIL 23, 2020

While an EMV transit system is a form of account-based ticketing (ABT), this assimilation is problematic, says OSPT's Jean-Philippe Wolyniec.

EMV

PYMNTS

SEPTEMBER 30, 2016

EMV: The three little letters that represent the single most hotly debated and discussed topic in the U.S. The walk to the liability shift in this market last October was technically four years long, but in reality, EMV didn’t become an absolute certainty until Dec. But it’s not just EMV. EMV is not only for the big guys.

EMV

PYMNTS

MAY 30, 2019

Visa said this week that as acceptance of EMV cards has gained traction in the U.S., EMV” is shorthand for Europay, Mastercard and Visa chip cards. businesses began migrating to EMV, when 392,000 merchants had such acceptance in place. By way of contrast, EMV chips create one-time codes for transactions.

EMV

Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. What Types of EMV Chip Cards Are There?

Chip Cards

PYMNTS

OCTOBER 26, 2016

As the conference kicked off in Las Vegas last October, merchants and retailers around the United States began dealing with the effects and fallout of October’s EMV liability shift, as the technology became the standard for all retail payments. It’s EMV all over again. Not just for mobile devices but for payments and commerce.”.

EMV

Payments Source

JANUARY 29, 2020

It seems the payments industry is once again pushing liability to the merchants with no plans to hold anyone else along the payments ecosystem accountable for ensuring that viable solutions are available, says the Merchant Advisory Group's John Drechny.

EMV

Payments Source

DECEMBER 15, 2016

Account takeover risk is also on the rise. The chip card migration is drawing more attention to card not present fraud.

Account Takeovers

PYMNTS

DECEMBER 15, 2016

Collect for Stripe, a new app built by entrepreneur and developer Logan Thompson, was launched this week, enabling Stripe users to accept both swipe and EMV chip payments at brick-and-mortar locations using a tablet or mobile device. With the app, Stripe users can support card payments using their existing accounts.

EMV

FICO

DECEMBER 14, 2016

This directive, which aims to create “an EU-wide single market for payments,” will require banks to open their account interfaces to other parties (i.e., Prediction: The EMV rollout in the US won’t be close to complete. Waiting for the EMV authorization can seem like forever. new payment apps) to drive competition.

EMV

VISTA InfoSec

MAY 12, 2024

Don’t Allow Swiped Transactions You may want to avoid processing older magnetic stripe cards in favor of Near Field Communication (NFC) and EMV chip cards. Given the low level of security offered by simple passwords, all employees, especially those with access to sensitive data or system settings, should enable 2FA on their accounts.

PCI DSS

PYMNTS

JUNE 17, 2016

EMV migration over the last seven months. million EMV merchant locations. Terminal certification has, so far, been a big barrier to making that possible, and the hue and cry across the ecosystem over the EMV certification backlog has now reached a fever pitch. Visa’s Quick Path To EMV. Changing Chargeback Economics.

EMV

PYMNTS

OCTOBER 22, 2018

22) on why it supports EMVCo’s release of the EMV Secure Remote Commerce Specification draft , which is now available for public review and comment. “The investments that we have made in technology and security, including EMV SRC , will help deliver what merchants and their customers are looking for. .

EMV