Segpay

NOVEMBER 28, 2023

3 minute read Sharing information between card associations and service providers like payment facilitators and independent payment operators is important. The information typically flows from the card brands to the acquirers and then to service providers like Segpay. Having a direct point of contact is key!

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Visa Facilitators Service Provider Money Laundering 52

Exact Payments

OCTOBER 30, 2023

Acquiring banks Acquiring banks, also known as acquirers, are banks that process payments on behalf of merchants. Issuing banks Issuing banks, or issuers, are entities that issue customer credit cards and handle the transfer of funds to the merchant’s account. This bank is known as the sponsoring bank.

Facilitators 52

Facilitators Processors Payment APIs and Integration ISOs 52

Evolve Payment

MARCH 21, 2024

More specifically, the OCC labels a merchant processing activity as: “the settlement of credit and debit card payment transactions by banks for merchants through various card associations.” The issuing bank gets its name because it issued the credit card to your customer.

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Process Gateways Processors Credit Cards 52

PayHawk

APRIL 18, 2023

A Acquirer The financial institution that processes payments on behalf of merchants. Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Cardholder The person who owns the payment card being used to make a purchase.

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Process Card Issuer Online and Mobile Banking Issuers 52

BNG Payments

JANUARY 1, 2022

One way to keep your monthly costs down is by lowering credit card transaction costs. You will be charged transaction rates from your payment processor, merchant acquiring bank, card associations, and in some cases, even your merchant services provider. In this article, we will focus on payment processors.

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Credit Cards Processors Non-Bank Card Association 52

PYMNTS

AUGUST 20, 2019

The chain notified customers that it had fallen prey to a credential stuffing attack, in which a hacker enters a large number of acquired username and password combinations to gain access to accounts. Coffee and donut giant Dunkin’ fell victim to a rewards points hack last December.

Breach 53

Breach Credit Cards Fraud Prevention AI 53

Stax

SEPTEMBER 17, 2024

Revocation of Credit Card Processing Privileges If a business consistently fails to comply with PCI standards, the processor or acquiring bank may choose to terminate their merchant account. For many businesses, especially those operating eCommerce, the ability to accept credit card payments is crucial to their operations.

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Credit Cards PCI DSS Compliance Process 88

PYMNTS

AUGUST 12, 2016

Then, there was the announcement of Square Capital’s partnership with Upserve , a restaurant management system (the same one that also acquired Breadcrumb from Groupon in May) to extend working capital to restaurants. The DOJ reports that $24 billion in cash makes its way into Mexico every year, some of it on prepaid cards.

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Rules Fincen Online and Mobile Banking Cross-Border 40