article thumbnail

How are Interchange Fees Calculated?

Stax

In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. A survey by Forbes Advisor also revealed that 33% of consumers prefer to use credit cards as they’re safer than carrying cash. For example, a card issuer might charge 1.5%

article thumbnail

Best New Fintech Products & Trends of 2024

Fintech Labs Insights

This constantly updated article tracks the biggest and most important new products released worldwide by financial technology companies, along with banks, credit unions, investment advisors, insurance companies, credit card issuers and payment providers. Well also link to important demos, podcasts and YouTube videos.

Product 12
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

3D Secure 2.0: How Card Issuers Can Prepare

PYMNTS

On Wednesday, November 2nd at 1:00 PM (EST) join ecommerce advisors James Rendell, CA Technologies ; Paul Baker, Mastercard ; and Karen Webster, Market Platform Dynamics for a live digital discussion surrounding 3D Secure 2.0. Built around the increasing popularity of mobile commerce, 3D Secure 2.0 – Successful 3DS 2.0 Karen Webster.

article thumbnail

Artificial Intelligence Starting Points for Card Issuers

Innovative Payments Association

Guest post by Emily Rueth , Managing Director & Founder of Vicuse Payments Advisors For card issuers, embracing and implementing even the most basic use cases for artificial intelligence (AI) can revolutionize your operations and enhance customer experiences.

article thumbnail

How to Build a Chargeback Payments Team in your Company

Clearly Payments

Key Activities of a Chargeback Team Reviewing Dispute Notices: Receiving and thoroughly investigating dispute notices from credit card issuers is the first task. Legal Advisor: In complex chargeback cases, having legal expertise can be essential, particularly in disputes involving large amounts or multiple fraud claims.

Disputes 105
article thumbnail

AI’s Historic Role in Fighting ‘Friendly Fraud’

Fintech Finance

When a customer disputes a debit or credit card transaction, the card issuer must determine whether to provide that cardholder with a refund for the transaction amount—also known as a chargeback.

article thumbnail

UK Cards Trends: Good Performance Despite Rising Living Costs

FICO

These card performance figures are part of the data shared with subscribers of the FICO® Benchmark Reporting Service produced by FICO® Advisors , the business consulting arm of FICO®. The data sample comes from client reports generated by the FICO® TRIAD® Customer Manager solution in use by some 80 percent of UK card issuers.