Remove Card Issuer Remove Fraud Detection Remove PCI DSS
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What is a BIN in Payment Processing

Clearly Payments

The role of the BIN extends beyond simply identifying the card issuer; it affects various aspects of the payment process: Transaction Routing : When a customer makes a purchase using a card, the payment processor uses the BIN to route the transaction to the right financial institution. Why is the BIN Important in Payments?

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Credit Card Processing Rates: How Much Does It Cost to Process Payments in 2025?

Stax

They facilitate transactions by connecting merchants, credit card processors, and banks while establishing rules, regulations, and fees for processing payments. Credit card issuer (or issuing bank) – These are financial institutions that issue credit cards to customers. Chase, Bank of America, etc.),

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The Best Way for a Business to Handle Chargeback Management

Clearly Payments

Fraud Prevention Specialists Responsibilities: Monitor transactions for fraudulent activity and implement fraud prevention measures. Skills Required: Experience with fraud detection tools and an understanding of common fraud patterns. Assign each case a unique ID for tracking and resolution.

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What Are Merchant Category Codes (MCCs)?

EBizCharge

Rewards and benefits programs: MCCs are key in rewards and benefits programs since credit card companies often offer cashback or points based on the category of purchase. For example, if your card has a home improvement benefit, you may get extra points for shopping at a wallpaper store. MCCs help enforce these restrictions.

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What’s the Best Payment Processor for Small Business?

Stax

Verify that the provider is PCI-DSS compliant to ensure that your customers’ data is protected according to industry standards. Fraud detection tools are also valuable, as they help minimize the risk of fraudulent transactions and safeguard your business and customers against data breaches.

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The Top Payment Processing Metrics and KPIs for Merchants

Clearly Payments

A high payment success rate indicates a smooth and reliable payment experience for customers, while a low success rate may point to technical issues, payment declines, or fraud attempts that require attention. Monitoring chargeback rates helps merchants identify potential fraud or disputes and implement preventive measures to mitigate risks.

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The Different Ways a Business Can Accept Credit Cards

Clearly Payments

This involves using a physical point-of-sale (POS) terminal to process card payments. How It Works The customer swipes, inserts, or taps their card on the POS device. The terminal communicates with the card issuer to approve the payment. How It Works Customers enter their card details during checkout.