Clearly Payments

OCTOBER 22, 2024

This guide explains how a PIN functions in credit and debit card payments and its importance for merchants. A PIN is a four- to six-digit numerical code assigned to a credit or debit card by the card issuer or chosen by the cardholder. If the wrong PIN is entered too many times, the card may be temporarily blocked.

Debit Card 105

Debit Card Credit Cards Point-of-Sale (POS) Encryption 105

Clearly Payments

DECEMBER 2, 2024

In-Store Credit Card Processing For brick-and-mortar businesses, in-store credit card processing is the most traditional and widely used method. This involves using a physical point-of-sale (POS) terminal to process card payments. The terminal communicates with the card issuer to approve the payment.

Credit Cards 105

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 105

Stax

NOVEMBER 21, 2024

We have broken down the process into three key steps below: Payment initiation This first step is triggered when your customer pays for your goods or services using a credit card. The payment could also be made via digital means.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

EBizCharge

MARCH 11, 2025

Since ACH payments eliminate the need for credit card networks, they offer a cost-effective and secure alternative for businesses handling recurring payments, payroll, or large transactions. These fees cover the cost of securely transmitting payment data, encrypting sensitive data, and authorizing transactions in real-time.

Processing Costs 52

Processing Costs Process Credit Cards Payment Gateways 52

EBizCharge

AUGUST 12, 2024

When navigating the realm of credit card processing, it’s crucial to distinguish between merchant acquirers (acquiring banks), card issuers, and payment processors, as each plays a distinct role in the card transaction ecosystem. Card issuers are banks or financial institutions that issue credit cards to consumers.

Credit Cards 52

Credit Cards Acquirers Process Debit Card 52

The Payments Association

OCTOBER 4, 2024

However, as the industry evolves in a rapidly shifting financial and technological landscape, it faces numerous challenges driven by technological advancements, regulatory shifts, changing consumer expectations and demands, and emerging security threats. Traditional card issuers and networks must adapt or risk obsolescence.

Online and Mobile Banking 88

Online and Mobile Banking Cross-Border Payments Cross-Border Alternative Payment Methods 88

PayHawk

APRIL 18, 2023

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52