article thumbnail

Visa, FIS boost value-added card services

Payments Dive

Visa and FIS are also providing the bank card issuers with stop payment services so cardholders and call centers can stop recurring payments to merchants, the release said. Please select at least one newsletter.

article thumbnail

CFPB, USAA Settle After Violations

PYMNTS

USAA, which is headquartered in San Antonio, Texas, was accused of not properly honoring customers’ requests to stop payments on preauthorized electronic fund transfers. It also failed to start and complete reasonable error resolution investigations, the Bureau said.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Survey: Real-time Payments Fraud Up for 4 out of 5 APAC Banks

FICO

New forms of biometric, multifactor and behavioral technologies allow banks to stop payments being made, even if an account appears to be using the correct but stolen password or entering the right, but intercepted, one-time-password.

article thumbnail

When Hitting ‘Buy’ Means Bye-Bye

PYMNTS

Of course, there’s the obvious difference between authorizing a $5 transaction and a $5,000 product, not to mention the growing divide between sales of physical and digital items. What does this look like in practice? Interestingly enough, the price of as well as the nature of produc t has to be carefully considered.

article thumbnail

What Does Return Mobile ACH Payment Mean?

Payment Savvy

Some of the most common ACH return codes are caused by incorrectly entered information or insufficient funds available, while others can be more complicated and include issues with authorization and more. Automated Clearing House (ACH) payments are electronic payment processing carried out between two financial institutions (e.g.,

ACH