The Payments Association

MARCH 10, 2025

A merchant category code (MCC) is a four-digit number assigned to businesses by credit card networks (Visa, Mastercard, American Express, Discover) that classifies the type of products or services they sell. Why MCC codes matter for merchants and banks MCC codes are essential because: Banks use MCCs to assess transaction risk.

Fraud Prevention 88

Fraud Prevention Processors Disputes Compliance 88

PYMNTS

JULY 31, 2019

For example, if, in a particular market, different transaction limits apply for consumer versus business remittances, or for domestic versus cross-border transactions, we can provide these custom controls. Blockchain and AI to the Rescue.

Cross-Border Payments 72

Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 72

PYMNTS

JULY 31, 2019

For example, if, in a particular market, different transaction limits apply for consumer vs. business remittances, or for domestic vs. cross-border transactions, we can provide these custom controls. “[Visa] bridges the information that is coming in from the send market into what is required in the receipt market,” Modi noted.

Cross-Border Payments 57

Cross-Border Payments Cross-Border Distributed Ledger Technology (DLT) Payments 57

FICO

APRIL 13, 2022

As many as three quarters of all Mastercard transactions in Europe are taking place in this way. In the UK, thanks to the higher limit, Visa has cited that eight-in-ten in-person payments are now contactless. Implement AI and machine learning. Learn more about FICO’s fraud focused AI and Machine Learning.

Contactless Payments 52

Contactless Payments Push-to-Card Payments Scams 52

Nanonets

JUNE 29, 2023

Flow by Nanonets Nanonets is an AI-based expense management software that offers automated data capture for intelligent processing of expenses. AI algorithms ensure data accuracy and readiness for review Seamless integration of transaction information from diverse sources into the ERP, facilitating accurate and timely payments.

Payment APIs and Integration 52

Payment APIs and Integration Automation Credit Cards Online and Mobile Banking 52

Nanonets

MARCH 21, 2023

It is important to note that ACH is a separate network from major credit card systems such as Visa, Mastercard, and American Express. Fundamentally, the meaning of both of these terms can refer to the same actual transaction. What are the types of ACH transfers? International money transfers require wires or other payment methods.

ACH 52

ACH RDFI ACH Network ODFI 52

Nanonets

JANUARY 17, 2024

In the last decade, the advent of AI and cloud computing has revolutionized this field. Their contributions range from AI-driven analytics to seamless integrations with accounting systems, reshaping how businesses handle their expenses. Technological Innovations in Expense Management Automation and AI have come to our rescue.

Payment APIs and Integration 52

Payment APIs and Integration Compliance Automation Audit 52