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Sustainable payments: Innovating for our financial ecosystem

The Payments Association

We highlight some practical strategies for card issuers seeking to innovate in the sustainability space and reach consumers who care about the impact of their choices. Some financial institutions have begun offering sustainable alternatives, such as biodegradable or recycled material credit cards.

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What is a BIN in Payment Processing

Clearly Payments

The role of the BIN extends beyond simply identifying the card issuer; it affects various aspects of the payment process: Transaction Routing : When a customer makes a purchase using a card, the payment processor uses the BIN to route the transaction to the right financial institution. Why is the BIN Important in Payments?

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Understanding Payment Processing Costs in Acumatica and How You Can Save

EBizCharge

Chargeback and dispute fees: Chargeback and dispute fees are costs merchants incur when a customer disputes a transaction and requests a refund through their credit card issuer. Monitor and audit processing fees regularly: Regularly review your processing fees to ensure they remain competitive.

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Credit Card Processing for Small Business: Everything You Need to Know

Stax

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data.

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Marqeta Review: Future of Modern Card Issuing

Fintech Review

Better data visibility also supports regulatory compliance, audit preparation, and financial reconciliation for global operations. Final Thought This Marqeta review shows that the company is not just a card issuer, but an essential pillar of the digital economy.

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What Are Merchant Category Codes (MCCs)?

EBizCharge

It also aids in matching transactions to specific accounts during financial audits. Specialized reward programs: MCCs allow credit card users to participate in specialized reward programs. Credit card companies often offer cashback or rewards for purchases in specific categories, like travel or dining.

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The Top Payment Methods For Small Businesses

Stax

Contact us 10 Top Payment Methods for Small Businesses Credit and debit card payments Card payments (credit cards and debit cards) account for 50% of the total number of small business transactions and remain the primary way customers make purchases on-site and online.