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

JANUARY 20, 2021

So maybe there is that flight to safety and security [of using] a debit card tied to the deposits I have in my checking account, versus overextending myself using a credit card.”. We have seen more in the last three to six months on the FinTech side [of banks] considering debit card rewards programs.

Debit Transaction 52

Debit Transaction Transactions Debit Card Security 52

Stax

AUGUST 22, 2024

Request Quote Why PayFacs Need an Effective Risk Management Strategy Payment facilitators remove the need for businesses to open merchant accounts of their own to accept payments like those from credit cards, debit cards, mobile wallets, etc. Payfacs need to have regular AML screenings and strictly implement KYC procedures.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

FICO

APRIL 6, 2020

Yet banks often have fraud and AML compliance teams operating in siloes. However, they don’t offer the protection that is inherent in other payment systems such as credit cards. Real-time payment schemes give people the ability to send and potentially lose life-changing sums of money.

Real Time Payments 52

Real Time Payments Money Laundering Payee Payments 52

Segpay

MARCH 10, 2025

Configure Payment Settings Adjust payment preferences within your gaming platform, including supported currencies, transaction limits, subscription models, and payout options to match your business strategy. credit cards vs. e-wallets). Non-compliance can lead to heavy penalties and business disruptions.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

The Payments Association

JUNE 5, 2025

Wearable devices are gaining traction among digitally engaged consumers, although their adoption is still limited by affordability and awareness. Fraud remains prevalent, with credit card and online shopping fraud being the most common forms, and regional disparities, such as elevated investment scam exposure in London, are also apparent.

Payments Trends 88

Payments Trends Consumer Online and Mobile Banking Debit Card 88