The Fintech Times

MAY 2, 2024

This strategic collaboration hopes to empower TPS’s extensive network of card issuer clientele and merchant acquirers worldwide enabling them to embrace sustainable business practices through Fils’ payments platform. This approach prevents the duplication of credits and ensures clear transparency.

TPS 69

TPS Card Issuer Duplicate Blockchain 69

PYMNTS

OCTOBER 4, 2019

Legacy payment providers are looking for ways to innovate in the ways that [FinTech firms] do, and to avoid duplicative costs.”. That should be a high priority for all card issuers,” Pangretic told PYMNTS. It can be confusing to figure out what to do. The trend is expected to continue in the near future,” Pangretic said.

Credit Cards 70

Credit Cards Card Issuer Issuers Identity Theft 70

Payment Savvy

JANUARY 26, 2022

This security feature allows you to accept or reject cards by their type (credit, debit, prepaid, and unknown) and credit card issuer (Visa, MasterCard, American Express, and Discover). Payment gateways often keep a list of known malicious/stolen credit card numbers. Duplicate Detection. Bin Type Blocker.

Risk 52

Risk Accounts Security Duplicate 52

PYMNTS

MARCH 6, 2017

But the conversation that needs to happen, said Frank, is one that must consider that “when you look at credit card innovation, it’s not driven by the banks … but by the core processors” such as FIS and Fiserv.

Credit Cards 52

Credit Cards Card Issuer Issuers Online and Mobile Banking 52

Stax

MARCH 14, 2024

A consumer using a chip and signature card will sign for the purchase. The signature is compared with the one on the back of the card or with the signature stored in the card issuer’s system. However, the level of security provided can vary depending on whether the card is used with a PIN or a signature.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

Clearly Payments

JUNE 12, 2024

Furthermore, billing errors and duplicate charges account for a smaller percentage of chargebacks, roughly 5-10%, where customers dispute charges due to incorrect billing amounts or being charged multiple times for a single transaction. Throughout the process, effective communication with the acquirer is crucial.

Disputes 52

Disputes Card Issuer Acquirers Transactions 52

Nanonets

JUNE 24, 2024

Credit card reconciliation is the process of ensuring that the credit card transactions match the internal general ledger. It involves verifying the expenses recorded by the company's accounting system align with the statements provided by the credit card issuer. In the U.S.

Reconciliation 52

Reconciliation Credit Cards Correspondent Issuers 52

Segpay

APRIL 16, 2024

Billing Issues: Discrepancies in billing, such as duplicate charges or incorrect billing amounts, can lead to chargebacks. Some PSPs may also offer chargeback mediation services, acting as intermediaries between merchants and card issuers to help resolve disputes and achieve favorable outcomes.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

Nanonets

MAY 7, 2024

By comparing these records, businesses can identify any discrepancies, such as missing or duplicate transactions, incorrect or false amounts, or any unauthorised expenses and transactions. This process ensures that all credit card transactions are accurately recorded and accounted for in the company's financial records.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

EBizCharge

NOVEMBER 22, 2024

Knowing the reasons behind credit card holds can help you quickly avoid or resolve these holds to deliver a better user experience and maintain a healthy credit score. Here are nine reasons a credit card hold may be enforced: Overdue payments: Overdue payments can signal to credit card issuers that you may struggle to repay borrowed funds.

Credit Cards 52

Credit Cards Card Issuer Issuers Credit Limit 52

EBizCharge

DECEMBER 4, 2024

Discrepancies can arise for numerous reasons, such as duplicate entries, forgotten transactions, or incorrect amounts. Keep accounting systems up-to-date: Regularly updating accounting systems ensures they integrate seamlessly with payment processors and credit card issuers.

Reconciliation 52

Reconciliation Credit Cards Best Practices Audit 52