Clearly Payments

SEPTEMBER 18, 2024

A chargeback is a reversal of a credit card transaction initiated by the cardholder’s bank, usually as a result of a dispute by the customer over the purchase. Key Activities of a Chargeback Team Reviewing Dispute Notices: Receiving and thoroughly investigating dispute notices from credit card issuers is the first task.

Disputes 105

Disputes Fraud Prevention Payments Credit Cards 105

Clearly Payments

JUNE 12, 2024

Chargeback disputes represent a growing challenge for merchants and financial institutions. Originating as a consumer protection mechanism, chargebacks were designed to ensure customers could dispute fraudulent or erroneous transactions. We dig into the facts and statistics on chargebacks.

Disputes 52

Disputes Card Issuer Acquirers Transactions 52

PYMNTS

SEPTEMBER 29, 2020

Mastercard, through its collaborative fraud and dispute resolution technology Ethoca , will now offer a new version of online statements with added logos and clear business names for each transaction. This can lead to consumers contacting their banks, which could incur costs and waste time with unnecessary chargebacks.

Issuers 97

Issuers Visa Transactions Disputes 97

Fintech Finance

AUGUST 20, 2024

Experts at leading chargeback technology platform Chargebacks911 report that AI is one of the key drivers to combat emerging payment threats and prevent disputed transactions. This dispute process is an act of parliament entitled to cardholders and is designed as a safety net to help consumers in cases of fraud or unfair merchant practices.

Disputes 98

Disputes Transactions AI Issuers 98

Fi911

MAY 22, 2024

This process can be triggered for various reasons, such as a disputed charge, an error in the transaction, or fraud detection. Disputed Charges : When a payer disputes a charge, possibly due to not receiving the goods or services promised, a payment reversal can be initiated. What is a Chargeback?

Payer 104

Payer Address Verification System (AVS) Disputes Payee 104

Clearly Payments

AUGUST 6, 2024

Statistics on AMEX Chargebacks Chargebacks are a significant concern for merchants, as they lead to financial losses and strain relationships with payment processors. Chargeback Frequency American Express has a unique position in the market due to its dual role as a card issuer and network, which affects its chargeback dynamics.

Disputes 105

Disputes Visa Issuers Duplicate 105

Cardfellow

MARCH 9, 2025

What are virtual credit cards? Virtual credit cards, as their name implies, are digital versions of credit cards. There is no physical card. Theyre linked to the customers account through their card issuer and used (primarily) for online purchases. How do customers pay with a virtual credit card?

Credit Cards 40

Credit Cards Processors Card Issuer Origination 40

Nanonets

NOVEMBER 15, 2023

Payment processors are financial institutions that help merchants accept credit, debit and other forms of electronic payments. In addition, some payment processors offer merchant services such as fraud prevention, customer management tools and reporting. The processor then settles the transaction with the card issuer.

Processors 52

Processors Office of the Comptroller of the Currency Payment APIs and Integration Debit Card 52

Payment Savvy

AUGUST 3, 2023

When you run any BIN number through a checking system, you end up with accurate information about the geolocation, card issuer, and card type. Since online banking systems have become more popular and virtual cards have become a norm, BIN numbers aren’t necessarily bank-issued. Next, there is clearance.

Issuers 98

Issuers Card Issuer Processors Credit Cards 98

Stax

MAY 7, 2024

Also referred to as swipe fees, these are simply fees that the merchant pays to the credit card company or credit card service providers to accept the payment. Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Stax

JANUARY 10, 2024

TL;DR Understanding how credit card companies charge merchants is crucial for optimizing costs and enhancing customer experience. Credit card fees, including interchange, assessment, and payment processor fees, impact businesses on a per-transaction or recurring basis. PCI compliance fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Clearly Payments

FEBRUARY 7, 2024

Chargeback Rate The chargeback rate measures the percentage of transactions that result in chargebacks, which occur when customers dispute a transaction with their card issuer. Monitoring chargeback rates helps merchants identify potential fraud or disputes and implement preventive measures to mitigate risks.

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Process PCI DSS Processing Costs Payments 98

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. Approval Code A code provided by the payment processor to indicate that a transaction has been approved.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Stax

MARCH 15, 2024

Secure payment systems are easy to implement, as you use your payment processor to create a secure payment gateway. Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data.

Process 88

Process Security PCI DSS Encryption 88

PYMNTS

JUNE 23, 2016

Amex will also limit the number of counterfeit fraud chargebacks to a total of 10 per card account. Under these new policies, the card issuer, instead of the merchant, will cover the liability for the additional counterfeit fraud transaction disputed from a card account after those 10 chargebacks.

EMV 45

EMV Chip Cards CHIPS Disputes 45

Stax

SEPTEMBER 26, 2024

TL;DR Surcharges are additional fees that a business adds to a customer’s bill when they choose to pay with a credit card. These fees help the business offset the cost of credit card processing fees, which the merchant typically has to pay to the card issuer and payment processor.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88

EBizCharge

AUGUST 30, 2024

Breakdown of credit card processing fees Credit card processing fees are charged to merchants for each credit card transaction processed. Each card issuer’s interchange rates are publicly available for reference. These fees vary depending on the payment processor and the merchant’s chosen service plan.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Stax

APRIL 10, 2025

Contact us 10 Top Payment Methods for Small Businesses Credit and debit card payments Card payments (credit cards and debit cards) account for 50% of the total number of small business transactions and remain the primary way customers make purchases on-site and online.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

Finovate

JANUARY 12, 2024

The company has two primary SaaS offerings: Kajo , a payment scheme compliance solution, and Amiko , which provides tools for fraud recovery and dispute management. “Globally, banks spend billions of dollars on scheme compliance and payment dispute management,” 6 Degrees Capital partner Thibault D’hondt noted.

Payment APIs and Integration 64

Payment APIs and Integration Disputes Card Issuer FinTech 64

Nanonets

OCTOBER 15, 2023

Are you looking for a payment processor for your business? If so, you may be wondering which payment processor to select for your needs. PayPal and Stripe are one of the most popular payment processors.  If you need a processor that offers a wide range of features, PayPal may be a good option. What is PayPal?

PayPal 52

PayPal Payment APIs and Integration Wire Transfer Processors 52

Stax

AUGUST 29, 2024

It will also communicate with the customer’s card issuer to verify the authenticity of the card details entered into your checkout page. That’s why electronic payments information is first sent to an acquiring bank for verification with the customer’s issuing bank and card issuer before the transaction is authorized.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

Stax

JANUARY 15, 2024

Below are some quick tips to ensure compliance with international laws: ​​Collaborate with industry-trusted payment processors for seamless international multi-currency transactions without legal complications. The repeal of surcharge bans fostered price competition among credit card issuers. Fair competition. Inclusive access.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

EBizCharge

MAY 15, 2024

Here are some fundamental terms to understand: Merchant account Payment gateway Payment processor Acquirer Issuer Merchant account A merchant account is a specialized bank account that allows businesses to accept customer payments through credit cards and other electronic payment methods.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Payment Savvy

JULY 12, 2024

When a customer pays for a product or service with a credit card, the payment processor manages the transaction from the customer’s bank to your merchant account. Traditional processors take a cut of each transaction and tack on extra fees, which can really chip away at your profits. Limited customer support for disputes.

Debit Card 52

Debit Card Online and Mobile Banking Zelle Payments 52

Fintech Labs Insights

AUGUST 17, 2016

Collaboration network for card issuers and merchants, Ethoca , landed a new client this week. Ethoca Alerts notifies PSPs, processors, acquirers and their merchant clients of issuer-confirmed fraud and customer dispute data to help them bolster their existing fraud defenses.

Card Issuer 16

Card Issuer Disputes Fraud Detection Issuers 16

CB Insights

FEBRUARY 13, 2020

Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments. This process also comes with hurdles like regulations, fees, compliance standards, and payment card issuers — all of which become increasingly complex for international transactions.

Online and Mobile Banking 98

Online and Mobile Banking Payment APIs and Integration Payments Push-to-Card 98

Nanonets

SEPTEMBER 28, 2023

This information can be extremely helpful in the event of a dispute or if there are questions about the legitimacy of a payment. fifth, Check with your bank or credit card issuer to see if they offer any special programs for making international payments. Finally, it's important to keep track of all cross-border payments.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Wire Transfer Wire 52

Stax

OCTOBER 14, 2024

Hunting for a payment processor provider for your business shouldn’t be one of those things. Knowing what to look for and what to avoid can help take the fear out of finding the right payment processor , making the decision a lot easier. Understand the difficulties you may face with a processor’s pricing or support.

Processors 88

Processors Small Business Payment APIs and Integration Payments 88

EBizCharge

NOVEMBER 22, 2024

A credit card hold is when a portion of your credit limit is reserved for a potential transaction. Credit card holds are enforced by merchants, payment processors, credit card networks, and card-issuing banks. A credit card hold can become an actual charge if a transaction is completed.

Credit Cards 52

Credit Cards Card Issuer Issuers Credit Limit 52

EBizCharge

MAY 12, 2025

Insecure systems lacking tokenization face greater challenges when protecting payment processor data and financial transactions. Address verification services (AVS) are fraud prevention tools payment processors use to verify that customer billing addresses match addresses on file with credit card issuers.

Process 52

Process Security Payment Gateways Encryption 52