Stax

JULY 7, 2025

Mobile payment readers can accept a combination of contactless, magnetic stripe, and EMV chip card payments, depending on the provider. Mobile payment readers A mobile payment reader attaches to a smart device, such as iPhone or Android, to enable businesses to accept card payments without needing a full POS system.

Mobile Payments

The Payments Association

JULY 11, 2025

Compliance costs range from US$5,000 to US$20,000 annually for small organisations to US$50,000 to US$200,000 for large enterprises. EMV adoption continues globally, with 94.76% of card-present transactions now using chip technology. Tokenisation is growing rapidly, from US$3.53 billion in 2023 to a projected US$12.61 billion by 2030.

Point-of-Sale (POS)

Clearly Payments

NOVEMBER 17, 2023

Interchange-plus pricing breaks down the cost structure, separating the actual interchange fees established by card networks (Visa, Mastercard, etc.) This model enhances transparency, allowing businesses to see the direct costs associated with different card types and transactions. from the processor’s markup.

Credit Cards

PYMNTS

APRIL 23, 2018

Traditional banks are starting to feel the disintermediation pinch by alternative lenders who lack their legacy infrastructure and cost structures and use digital-first, artificial intelligence-powered processes to underwrite risk and extend credit instantly.

Online and Mobile Banking