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How are Interchange Fees Calculated?

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Security technology Additional security measures like EMV chip cards and contactless payments can both influence interchange fees. Since EMV chip transactions are harder to counterfeit, they often come with lower fees than traditional magnetic stripe payments. One way to do this is to encourage card-present transactions.

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The ABCs Of ATM Fraud

PYMNTS

And in the most recent episode of PYMNTS Topic TBD, George Zirkel, senior vice president and head of global payments strategy at TNS, shared his thoughts on what’s driving that nefarious traffic. First off, why now? ” “Fraud is moving almost as you would squeeze a balloon. .”

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Theory Of Payments Evolution: EMV Will Get Better With Age

PYMNTS

If there is one universal truth in payments, it’s that the easier a process feels to consumers, the more difficult it was to implement on the back end. Such is the case with EMV — the chip that allows customers to pay with a credit card by inserting or “dipping” it into a point-of-sale (POS) card reader instead of swiping the old mag stripe.

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Deep Dive: Using Payments Orchestration To Power International Growth

PYMNTS

Merchants must also develop strategies for mitigating the frictions that go along with sending and receiving funds across borders, such as fraud and data security risks, exchange rate volatility and chargebacks. Such frictions can chip away at businesses’ margins if they are not mitigated. Providing the Tools for Payments Optimization.

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

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This technology enables merchants to conduct transactions on the go, typically with both mobile wallet solutions like iOS’ Apple Pay, as well as tap-to-pay, magstripe, and chip cards like American Express, Visa, and Mastercard. Be prepared to adapt and evolve your mobile payment strategy as your business grows and customer preferences evolve.

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Visa Interchange Rates 2024: What You Need to Know

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Stay informed through industry publications that discuss changes in interchange rates, regulations, and trends affecting payment processing. Consider consulting with financial advisors, payment processing experts, or industry specialists who can offer personalized guidance on optimizing payment strategies.