Remove Debit Network Remove Funds Transfer Remove Payer
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New Corporate Payment Tricks For Old Rails

PYMNTS

Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools. In their announcement, Rapyd said it will wield Visa’s platform Visa Direct to facilitate real-time fund transfers to gig workers, for example.

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Deep Dive: How Payment Card Networks Win Merchants Over

PYMNTS

POS systems that accept PIN-authenticated payments transmit card details to debit network operators that then assess transactions’ associated fraud risks. Consumers’ funds are then sent to PIN debit network operators, which extract interchange fees and pass the rest to merchants’ banks.