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100+ Payment Industry Terms Explained in Plain English

Clearly Payments

Next-Day Funding Receiving funds in your account the next business day. Same-Day Funding Receiving funds the same day a transaction is settled. Terminal A card reader that processes physical payments. Settlement Delay Canadian merchants often get funds in 12 business day U.S.A.-Specific

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Fintech Trending: P2P, EMV, NFC, NLP… OMG

Fintech Labs Insights

In fact, according to a recent report from Mastercard, 88% of consumers have been issued chip cards, but only 33% of merchant locations accept them. over the course of the year and found: 78% of cards now contain EMV chips, up from 46% in October 2015. Capital One integration with Amazon Echo.

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