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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

From shifts in unauthorised card fraud to the evolving nature of authorised push payment scams, there’s a lot to unpack—and a lot at stake. This has led to a noticeable uptick in card-related fraud, especially in remote purchases, where criminals use stolen card details for online transactions. What’s next?

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The Ultimate Guide to Accepting Credit Card Payments

Stax

Credit cards are a staple in the wallets of consumers today, and they will undoubtedly be a payment method of choice for years to come, particularly as the adoption of mobile and contactless payments continues to grow. In fact, ResearchAndMarkets.com forecasts the global credit card payment market to grow to $762.16

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Credit Card Settlements Explained: How They Influence Your Finances

EBizCharge

Since managing credit card transactions can be complex, understanding how their settlements work is essential to maintaining financial health as consumer spending rises. Credit card settlements involve various processes and parties that ensure transactions are accurately recorded and funds are transferred.

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Automating Chargeback Management: First Steps & Best Practices

Fi911

Chargeback volumes have increased 25% annually over the past three years, pushing financial institutions to reconsider their manual processing approaches. Automated systems complete the same work in hours, improving the likelihood of meeting tight card network deadlines. Response times drop dramatically with automation.

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What Is Tiered Pricing in Credit Card Processing?

Stax

Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. Don’t believe it? Why does this matter to you?

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What Is Zero-Cost Credit Card Processing and Is It Legal?

EBizCharge

Credit card processing fees have become a growing concern for many businesses, especially as margins tighten and consumer preferences lean heavily toward card payments. To offset these costs, more businesses are exploring zero-cost credit card processing—a model that shifts the burden of fees from the business to the customer.

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The End of Average: AI Is Rewriting the Rules of Digital Banking CX

Finextra

For example, some banks use AI to automatically notify customers of unusual spending, predict upcoming bills or suggest budget adjustments—all tailored to the individual. No longer satisfied with being simply digital and inspired by interactions with Chat GPT, customers began demanding something deeper— experiences that understand them.

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