Synapse Payment Systems

SEPTEMBER 27, 2022

Easy gift card processing is one reason Clover is a good POS system for many small businesses that want to grow. Gift cards are a great way to increase customer loyalty, customer base, and revenue. The latest research suggests that the gift card market is currently valued at $162 billion in 2022 and will grow to $388 billion by 2027.

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Push-to-Card Processors Process Card Association 130

PYMNTS

JUNE 19, 2017

With the popularity of online shopping, it should come as no surprise that there’s been an uptick in card-not-present purchases. Cards Association (UKCA) finds that the amount of purchases made through debit and credit cards has more than doubled in the past decade. A new report from the U.K. There were 6.7

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Push-to-Card Card Association Contactless Payments Debit Card 43

PYMNTS

JANUARY 19, 2017

Retail Banking Research said consumers are moving away from carrying cash and taking more advantage of alternative payment methods. According to Retail Banking Research, payment cards accounted for 55 percent of cashless payments in 2015, up 50 percent from 2011.

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Alternative Payment Methods Debit Card Payments Contactless Payments 48

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. “It frankly insults the intelligence of this group of consumers.

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CFPB Push-to-Card Rules Deposit Account 40

PYMNTS

JUNE 26, 2017

have doubled the amount of cashless payments within the past decade due to the increased use of debit and credit cards, according to the UK Cards Association (UKCA) research we shared last week. Initially, people in the U.K. From 2006 at 6.7 billion purchases to 2016 at 16.4 billion, U.K. billion on its own.

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Push-to-Card Research Card Association NOV 65

PYMNTS

FEBRUARY 1, 2017

The UK Cards Association reported that, as of Nov. 2016, there were more than 100 million contactless cards in issue in the U.K., According to Finextra , AIB customers are using contactless payment for more than 5 million transactions each month — and that number is only expected to grow.

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Contactless Payments Transactions Payments Card Association 40

PYMNTS

MAY 20, 2016

Cards Association announced on Thursday (May 19) that the monthly spending on contactless cards reached a record £1.5 Today, one in seven of all card transactions that take place in the U.K. billion in March 2016. 2015, monthly contactless spending hit £1 billion. are contactless, compared to just one in 16 last year.

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Contactless Payments Card Association NOV Transactions 40

PYMNTS

SEPTEMBER 20, 2018

Consider the fact that, among headlines generated in recent months surrounding virtual card adoption, TSYS — which provides solutions for issuers, merchants and consumers — said in February that JPMorgan will offer its Virtual Payment Precept SM , a virtual card platform that integrates with ePayable solutions.

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Void Checks Push-to-Card Rules 76

PYMNTS

JULY 11, 2017

And, as a result, higher fees for consumers levied by cautious lenders, when they lend at all? The Consumer Financial Protection Bureau (CFPB) has handed down a controversial ruling stating companies cannot opt to use arbitration clauses in their contracts with consumers in a manner that keeps consumers from joining class action lawsuits.

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CFPB Rules Consumer Financial Protection Bureau (CFPB) Credit Cards 40

Evolve Payment

NOVEMBER 19, 2024

Becoming PCI compliant can be time-consuming without help, but you can alleviate this by having an industry expert like Evolve Payment walk you through the process. PCI compliance should be paired with other fraud-prevention initiatives to create a holistic protection plan for your business. What are the Drawbacks to Becoming PCI Compliant?

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PCI DSS Compliance Processors Breach 94

FICO

FEBRUARY 18, 2019

In this they state : “A one-time password sent via SMS may be used to validate possession of the SIM card associated with a customer’s mobile phone number. To do this, consumers would have to undertake the cumbersome task of unencrypting the transaction information before they could complete the SCA. This is a misconception.

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Authentication Online and Mobile Banking Mitigation Card Association 45

Stax

MARCH 4, 2024

How to Comply with Payment Security Standards The Payment Card Industry Data Security Standards, or PCI DSS , are the North Star for payment processing security. Set by card associations like Visa, Mastercard, American Express, and Discover, the PCI DSS determines security protocols and sets the standards for payment security.

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PCI DSS Payment Security Security MFA 88

Evolve Payment

JUNE 27, 2023

Analyze Fee Categories: Categorize the fees into different types, such as processor fees (charged by your merchant service provider), interchange fees (set by card networks), and assessment fees (charged by card associations). This breakdown will help you understand which entities are involved in your payment processing.

Credit Cards 52

Credit Cards Processors Process Assessments 52

Stax

SEPTEMBER 17, 2024

When consumers have faith in your business and capabilities to protect their data, they’re more likely to shop with you. When consumers have faith in your business and capabilities to protect their data, they’re more likely to shop with you. PCI DSS stands for “Payment Card Industry Data Security Standards.”

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Credit Cards PCI DSS Compliance Process 88

PYMNTS

AUGUST 22, 2016

Then, to get what’s in circulation off the street, he suggests that governments give consumers incentives to turn in those bills – so bring in a $100 bill and get more than its face value deposited to your bank account. Maybe not as much as they used to, but consumers still use cash because they still like using it.

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Checks CFPB Bitcoin Payments 41

PYMNTS

JUNE 19, 2018

B2C merchants cannot afford to not accept card payments, despite the often debated (and sometimes controversial) interchange fees associated with them. “There is speed and the ability to make faster payments to your vendors,” he explained. “ Suppliers do want to get paid faster.”

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Commercial Card Data Breach Credit Cards B2B 40

PYMNTS

AUGUST 12, 2016

As Yelp continues to figure out its own path to monetization, it announced a new feature that automatically adds consumers to the waitlist of restaurants listed on Yelp. Good for the consumer, good for the restaurant and good for Yelp — since it actually gives people a reason to want to use it more. Global Citizens.

Rules 40

Rules Fincen Online and Mobile Banking Cross-Border 40

BNG Payments

FEBRUARY 4, 2022

The Federal Reserve Bank of San Francisco found in its 2021 Findings from the Diary of Consumer Payment Choice that cash use accounted for 19 percent of all payments. With the use of cash dwindling as a payment preference, debit and credit cards and ACH take over as the predominant payment methods.

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Credit Cards Process Processors Online and Mobile Banking 52

PYMNTS

SEPTEMBER 12, 2017

Meanwhile, the industry itself roiled against the law through countless actions and lobby groups, noting that it would do far more to help attorneys than to protect consumers. Times reports , one of the more vociferous industry opponents of the arbitration rule was the Consumer Data Industry Association. According to L.A.

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CFPB Rules Breach Disputes 47

PYMNTS

AUGUST 11, 2016

The industry claimed it would discourage people from using prepaid cards. ” Law enforcement said that, because there is no rule to close the loophole, it’s hurting their efforts to fight cross-border crime, such as drug trafficking and money laundering.

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Money Laundering Rules Cross-Border Law Enforcement 46

PYMNTS

JUNE 14, 2020

We are confident that our joint venture with American Express will provide more diversified bank card services to consumers and commercial customers in and outside of China,” he said in a statement.

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Transactions Process Online and Mobile Banking Card Association 70