Remove CCPA Remove Debit Card Remove Procedures
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What is a BIN in Payment Processing

Clearly Payments

In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Card Network : Indicates the card brand, such as Visa, Mastercard, or American Express, helping processors verify the card’s compatibility with their systems.

Process 104
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Chargeback Rules: What Laws & Regulations Govern the Dispute Process?

Fi911

The Electronic Fund Transfer Act (EFTA) Enacted in 1978, EFTA regulates bank responses to consumer complaints and sets liability limits for lost or stolen debit cards. While it currently affects EU-based merchants, similar regulations, like the California Consumer Privacy Act (CCPA), are being considered in other jurisdictions.

Disputes 105
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Deep Dive: Credit Unions Work To Keep Members’ Data Private

PYMNTS

A recent hack against Pennsylvania-based convenience store chain Wawa exposed credit and debit card credentials issued by hundreds of local credit unions. Proper implementation of the CCPA will go a long way toward building members’ trust in their CUs by protecting their personal data from theft.

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Recurring Billing: Definition, How it Works, and Best Practices

Stax

Upon agreeing to these terms, the merchant is authorized to process automatic payments from the customer’s credit card, debit card, or bank account. They should include detailed explanations of billing cycles, payment amounts, renewal policies, and cancellation procedures.