Stax

NOVEMBER 14, 2024

Merchant: The individual business accepting the payment and in need of credit card processing. Cardholder: The customer who owns the credit card being used for purchase. Card Association: Visa, Mastercard, American Express, and Discover. Typically, card transactions are authorized in less than a minute.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Clearly Payments

MAY 22, 2025

Payment Network Companies like Visa, Mastercard, Amex, and Discover that move the data between banks. Assessment Fee A fee charged by the card networks (Visa, Mastercard, etc.). Next-Day Funding Receiving funds in your account the next business day. businesses and freelancers. FedNow A new U.S.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Processors ACH 52

Stax

APRIL 18, 2024

Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments. Issuing Bank: The bank or financial institution that issued the credit card to the cardholder. Card Network (e.g., Who Sets the Credit Card Processing Fees?

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Payment Savvy

JULY 3, 2024

The acquiring bank, which processes payments on behalf of the merchant, receives the transaction data and forwards it to the relevant card network (such as Visa or Mastercard). The card network acts as an intermediary that routes the transaction request to the issuing bank (the cardholder’s bank).

Debit Card 52

Debit Card Process PCI DSS Processors 52

Fintech Labs Insights

OCTOBER 16, 2016

Sberbank ( F16 ) and MasterCard ( F11 ) partner to launch ApplePay in Russia. Starting this week, Mastercard cardholders in Russia can now pay using ApplePay , thanks to a new partnership between Russian bank Sberbank and Mastercard. American Express leads the way in EMV card issuance, with 96% of their cards now EMV-enabled.

EMV 17

EMV P2P Same Day ACH FinTech 17

Stax

DECEMBER 10, 2024

Also called chip and signature cards, this action refers to the cardholder inserting a credit card or debit card into the chip reader machine. This method is used with EMV Chip cards, which are more secure than magstripe cards and considered a more modern payment card solution.

Credit Cards 88

Credit Cards Correspondent Debit Card CHIPS 88