Stax

NOVEMBER 14, 2024

Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. TL;DR There are several parties involved in credit card processing. They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor.

Credit Cards

Payments Dive

JULY 25, 2025

It also contends it’s the world’s third-largest Swift service bureau owing to a large cross-border payments business in Europe. Fiserv and FIS, or the big card associations or some of the big ERP (enterprise resource planning) players, they all expressed interest at serving that community with different strategies.I

B2B

Clearly Payments

FEBRUARY 14, 2024

From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. International Payment Solutions: Facilitating cross-border transactions , these services navigate currency exchange and regulatory hurdles.

Value Added Service

Clearly Payments

FEBRUARY 12, 2024

Bank of America launched the BankAmericard in 1958, widely considered the first credit card available to consumers, which eventually evolved into Visa. In 1966, a group of California banks formed the Interbank Card Association (ICA), later known as Master Charge and then Mastercard.

Visa

PYMNTS

AUGUST 12, 2016

Then, yesterday, Mastercard, in partnership with Plastiq, announced that it will enable cross-border tuition payments via any Mastercard branded debit or credit card from Chinese students (or their parents, more probably) to the U.S. FinCEN X-Border Prepaid Rules.

Rules

PYMNTS

AUGUST 22, 2016

And, as all of us in payments knows, doing business globally requires an efficient payment method that also goes cross-border. Take one of the biggest issues at stake in the prepaid card rulemaking: how prepaid card overdrafts are treated – as an overdraft (today) or as short-term loan (the CFPB’s preference).

Checks

PYMNTS

AUGUST 11, 2016

The proposed rule called for money stored on prepaid cards to count toward the requirement on the part of the U.S. to report cross-border movement of cash that is $10,000 or more. The rule was withdrawn by the Financial Crimes Enforcement Network because of the prepaid card industry, which wasn’t happy with the rule.

Money Laundering