Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

Stax

MARCH 13, 2025

Every time a customer makes a payment with a credit or debit card, the merchants acquiring bank pays a fee to the customers card issuing bank. Although these fees go to the issuing bank, the rates are set by card networks like Discover, American Express, Visa , and Mastercard. per transaction. per transaction.

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

Stax

NOVEMBER 14, 2024

Merchant: The individual business accepting the payment and in need of credit card processing. Cardholder: The customer who owns the credit card being used for purchase. Card Association: Visa, Mastercard, American Express, and Discover. Interchange rates vary based on the type of card you are running.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Cardfellow

FEBRUARY 26, 2025

Tap on phone (or tap to phone as Visa calls it and tap to mobile for Amex and Discover) is a contactless payment method where customers tap a sellers smartphone instead of a credit card machine to pay. Is contactless the same as a chip card? Costs to Accept Tap on Phone Do all processors offer tap on phone? No, not yet.

Contactless Payments 52

Contactless Payments Credit Cards Chip Cards Processors 52

Stax

MAY 6, 2025

Essentially, swiping, dipping, and tapping are the three ways that customers can make in-person payments with a credit or debit card. Swiping, of course, is the oldest of the three methods and is used with a card that has a magnetic stripe (or magstripe) on it. Think: Visa, Mastercard, American Express, and Discover.

Credit Cards 88

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing 88

Stax

APRIL 18, 2024

Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments. Issuing Bank: The bank or financial institution that issued the credit card to the cardholder. Card Network (e.g.,

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Stax

JANUARY 5, 2024

Selecting the right payment processing terminal will not only help reduce your processing costs, but it’ll also increase your profits. TL;DR A credit card terminal is a device commonly used by businesses to handle credit and debit card transactions.

Credit Cards 88

Credit Cards Debit Card EMV CHIPS 88