Stax

APRIL 17, 2025

Thats why weve compiled this guide to help you understand how POS systems work, the key features to look for, and how to choose and implement the right software for your retail store. TL;DR A point-of-sale (POS) system is a combination of software and hardware used by businesses to facilitate in-store sales.

Online and Mobile Banking 88

Online and Mobile Banking CRM Point-of-Sale (POS) Debit Card 88

Payment Savvy

JULY 3, 2024

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Every merchant should prioritize taking the time to understand debit card processing to streamline operations and enhance customer satisfaction.

Debit Card 52

Debit Card Process PCI DSS Processors 52

PYMNTS

NOVEMBER 12, 2020

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Credit card fees rose $912 million during the third quarter, up from $797 million in the second quarter. Debit card POS purchase volume hit $102.9

Credit Cards 114

Credit Cards Point-of-Sale (POS) Push-to-Card Debit Card 114

Stax

JANUARY 21, 2025

Any merchant who transacts in the offline world (like brick-and-mortar stores or even mobile businesses) needs a modern point-of-sale (POS) system. The right solution will enable you to ring up sales with ease, as well as manage the various components of your business.

Point-of-Sale (POS) 88

Point-of-Sale (POS) Small Business Credit Cards Process 88

Stax

NOVEMBER 21, 2024

Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

PYMNTS

DECEMBER 17, 2020

More than one-third of consumers who buy groceries — 65 million individuals — would be willing to switch to grocers that offer touchless in-store payment technologies, such as digital wallets, QR codes, cards on file and point-of-sale (POS) credit options. percent fewer use contactless debit cards than would like to.

Point-of-Sale (POS) 132

Point-of-Sale (POS) Debit Card Fraud Detection Digital Payments 132

PYMNTS

APRIL 20, 2020

Deluxe has a new agreement with Fiserv to provide an updated payment platform, which will allow customers to use the Clover point-of-sale (POS) platform, new online and physical payment options, and gift card options, according to a press release. The new product powered by Fiserv will be called Deluxe Merchant Services.

Point-of-Sale (POS) 64

Point-of-Sale (POS) Shutdown Debit Card Contactless Payments 64

EBizCharge

AUGUST 12, 2024

As digital transactions dominate the market, understanding the mechanics of credit card processing becomes essential for businesses and consumers. Intermediaries like merchant acquirers that facilitate these digital transactions play a crucial role. What is a merchant acquirer? If approved, the merchant completes the sale.

Credit Cards 52

Credit Cards Acquirers Process Debit Card 52

PYMNTS

FEBRUARY 10, 2020

Indian payment solutions company Innoviti has launched a point-of-sale (POS) solution called Saadhan to give B2B businesses a convenient payments package that meets the regulatory requirements of providing UPI and RuPay acceptance, according to a press release.

B2B 56

B2B Innovation Debit Card Point-of-Sale (POS) 56

Clearly Payments

FEBRUARY 14, 2024

From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. billion cards in circulation in the US in 2022, they play a significant role. The global acquiring market is expected to reach $3.7

Payments 104

Payments Value Added Service BNPL Payment Gateways 104

The Fintech Times

MARCH 7, 2024

Eazy Financial Services , or ‘EazyPay’, a Bahrain-based financial institute specialising in Point-of-Sale (POS) and online payment gateway acquiring services, is joining forces with Talabat , a food delivery and ‘q-commerce’ platform based in the region.

Point-of-Sale (POS) 59

Point-of-Sale (POS) Payment Gateways Debit Card Gateways 59

Stax

APRIL 18, 2024

Accepting credit card transactions is no longer a decision of whether to but rather how to. With cashless now BEING king, credit and debit cards are the primary method for your customers to make payments. of consumer payments came through card payments. Card Network (e.g., Pre-pandemic, 62.3%

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

PYMNTS

SEPTEMBER 22, 2017

While debit cards have been accessible to small- and medium-sized businesses (SMBs) with business checking accounts, they’re not among the most heavily leveraged tools in the entrepreneur’s toolbox. FastAccess Funding, DeAngelo said, is as easy as providing them with a debit card number. Keeping Integration Easy.

Debit Card 58

Debit Card Push-to-Card Point-of-Sale (POS) Settlement 58

The Fintech Times

MARCH 27, 2025

We are Nigerias largest merchant acquirer, powering most of the countrys Point of Sale (POS) transactions. As well as our business solutions, we now offer services to individual consumers.

FinTech 59

FinTech Financial Inclusion Cross-Border Payments Online and Mobile Banking 59

PYMNTS

AUGUST 10, 2020

Learning from past mistakes will be important, he said, considering that there were roughly 120 million ACH, 36 million checks and about 4 million debit cards issued in the first funding round. What’s Next.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

Stax

AUGUST 1, 2024

Visa’s surcharge rules around disclosure, compliance, options (brand-level/product-level), notifying acquirers, surcharge cap, etc. In essence, customers need to be fully aware that a credit card surcharge will be applied when they checkout at a point of sale (POS). Prepaid cards are also exempt from surcharging.

Rules 88

Rules Credit Cards Caps Processors 88

Stax

APRIL 30, 2024

TL;DR Merchant processing ensures that all entities, such as the issuing bank, the acquiring bank, and the card company, work cohesively to facilitate payments between a customer and a business. In order to receive card-based payments, businesses need to have a merchant account. Otherwise, they can also decline the payment.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

Stax

SEPTEMBER 17, 2024

These may include credit cards, debit cards, eChecks, and digital wallets (like Google Pay, Apple Pay, Amazon Pay, PayPal, Venmo, etc.). A payment processor is a company that acts as the intermediary or middleman between the two banks: the issuing bank and the acquiring bank. Card networks (like Visa, Mastercard, etc.)

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Stax

DECEMBER 6, 2024

In June 2019, Fidelity National Information Services ( FIS ) acquired Worldpay in a massive $35 billion deal, making it the largest financial technology merger at the time. However, according to industry research, the company typically follows a tiered pricing model, with the following estimated rates: Signature debit cards: 0.99% + $0.20

Payment APIs and Integration 88

Payment APIs and Integration Payment Gateways Credit Cards Fraud Prevention 88

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

PYMNTS

AUGUST 10, 2020

Only 13 percent of consumers and 8 percent of microbusinesses get their money through an instant payment to a debit card, credit card, digital wallet or prepaid card. It also limits the growth possibilities of microbusinesses that need funds to acquire new clients and to invest in their operations. .

Payee 91

Payee Instant Payments Point-of-Sale (POS) Debit Card 91

Stax

FEBRUARY 26, 2024

And while solutions like POS systems are perfect for in-person payments, what about when you need to offer remote billing or refunds, or if you need to process a customer’s credit card over the phone? The business dashboard shows sales trends in a simple view, making you aware of growth or areas of concern for your business.

Credit Cards 88

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 88

PYMNTS

JANUARY 8, 2019

Tokenization will replace card details with a code, called a “token,” which will be specifically for the card, the token requestor and the device being used to pay. Instead of the card’s details, the token will act as the card at point of sale (POS) terminals and quick response (QR) code payment systems.

Point-of-Sale (POS) 56

Point-of-Sale (POS) Card Issuer Payments Credit Cards 56

Fintech Finance

MARCH 4, 2024

The innovative alternative to card payments is specifically designed for UK businesses, providing them with a convenient and secure way to accept payments at a fraction of the cost. Together, we’re driving payment innovations that prioritise seamless transactions and significant cost savings for merchants.”

Point-of-Sale (POS) 59

Point-of-Sale (POS) Alternative Payment Methods Payments Settlement 59

PYMNTS

MAY 6, 2019

Typical electronic transactions — when customers pay with credit or debit cards — are pull payments. These transfers occur only when customers provide authorization, such as signatures on checks or PIN codes entered when making debit payments. Speed and Certainty. Pull payments often carry risks.

Push-to-Card 44

Push-to-Card Risk Debit Card B2C 44

Fintech Finance

DECEMBER 11, 2023

The partnership introduces a fully digital payment process for TOMRA’s reverse vending machines, which enables consumers to exchange reusable materials for a monetary reward, with Shift4 acting as the acquirer and Point-of-Sale (POS) gateway provider.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Returns Economy Debit Card 52

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. At its core, it involves the authorization, capture, and settlement of transactions. Here’s a simplified overview of how it works: 1.

Process 59

Process Processors Online and Mobile Banking Payments 59

Finovate

SEPTEMBER 20, 2024

A recent example of this was with Hungary’s OTP, which in June 2023 became the first international player to participate in the privatization of the Uzbek banking sector, acquiring former state-owned Ipoteka Bank.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

EBizCharge

APRIL 25, 2024

Apply for a merchant account A merchant account is typically set up through a payment processor or acquiring bank. This account serves as an intermediary between the business and the payment processor or acquiring bank, facilitating the secure processing of credit and debit card transactions, among other forms of payment.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52

Clearly Payments

DECEMBER 5, 2023

This comprehensive guide aims to unravel the complexities and distinctions among three primary types of payment processors: Acquirers, Independent Sales Organizations (ISOs), and Aggregators. Acquirers or Acquiring Banks Acquirers, also known as acquiring banks , form the backbone of the payment processing ecosystem.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

CB Insights

DECEMBER 4, 2019

In the last year, Amazon has been investing in growing Amazon Pay’s marketplace, including forming its first partnership with an acquiring bank Worldpay. That same year, the company acquired TextPayMe , a peer-to-peer (P2P) mobile service that was relaunched as Amazon Webpay in 2011. Amazon Go: Amazon’s secret payments weapon?

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

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. Issuing Bank The financial institution that issues payment cards to cardholders.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

The Fintech Times

DECEMBER 12, 2023

Under the agreement, all Mastercard debit cards of Bank of Khyber will be equipped with 3D Secure authentication, conforming to the latest industry standards. Shift4 , the integrated payments and commerce technology company, partners with TOMRA , which specialises in waste collection and sorting.

FinTech 59

FinTech Financial Crimes Non-Bank Point-of-Sale (POS) 59

Stax

DECEMBER 20, 2023

Credit card processing for small businesses involves enabling these businesses to accept payments through credit cards. This process requires a merchant account, which is a special type of bank account that allows businesses to receive payments in multiple forms, including credit and debit cards.

Credit Cards 88

Credit Cards Small Business Process Security 88

Evolve Payment

MARCH 21, 2024

Merchant processing is how your business handles card transactions. 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.” What is merchant processing?

Process 52

Process Gateways Processors Credit Cards 52

PYMNTS

DECEMBER 6, 2017

Imagine going out for breakfast only to find that the point-of-sale (POS) terminal isn’t working. In payments, there are hundreds of players involved in making every single transaction work smoothly, from acquirers and banks to regulators setting standards that must be met to, of course, the payments processor.

Payments 55

Payments Point-of-Sale (POS) Online and Mobile Banking Automation 55

PYMNTS

OCTOBER 28, 2019

Merchants of all types are racing to gain an edge so they can increase sales and perhaps breathe easier for a little bit come January. To gain that edge, merchants are increasingly turning to new buy now, pay later solutions at the point of sale (POS). Many retailers have a broad range of AOVs on their sites.

Payment APIs and Integration 43

Payment APIs and Integration Point-of-Sale (POS) Debit Card Digital Payments 43