Fintech Finance

NOVEMBER 14, 2024

A new study from Tribe Payments , the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, has revealed that 28% of merchants’ legacy in-person point of sale (POS) systems cannot support alternative payment methods like digital wallets and QR codes.

PCI DSS 95

PCI DSS Payment APIs and Integration Point-of-Sale (POS) CRM 95

Clearly Payments

NOVEMBER 18, 2024

Analyze the reason code provided by the card issuer to determine the cause of the chargeback. Key Regulatory Guidelines PCI DSS : Ensure secure handling of cardholder data with PCI DSS. Assign each case a unique ID for tracking and resolution.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

Finextra

JUNE 25, 2025

Through dynamic routing, AI: Selects the most efficient payment path based on success history, fees, geography, and issuer performance. AI optimises behind-the-scenes decisioning to avoid this pain. Detects when to retry failed transactions with better timing or alternate methods. Learn from every attempt to refine future routing decisions.

Fraud Detection 59

Fraud Detection AI Payments PCI DSS 59

EBizCharge

MARCH 11, 2025

Chargeback and dispute fees: Chargeback and dispute fees are costs merchants incur when a customer disputes a transaction and requests a refund through their credit card issuer. Some Acumatica payment gateways charge separate monthly fees for their services, which vary based on transaction volume, security features, and additional tools.

Processing Costs 52

Processing Costs Process Credit Cards Payment Gateways 52

EBizCharge

JANUARY 16, 2025

Tax reporting and compliance: MCCs aid in tax reporting and compliance with regulatory bodies like Payment Card Industry Data Security Standards (PCI DSS) and Anti-Money Laundering (AML). Card issuer restrictions: Card issuers sometimes place restrictions on where cards can be used. MCCs help enforce these restrictions.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

Stax

APRIL 10, 2025

With credit cards, customers pay for goods and services using a line of credit provided by their card issuer who lends them funds up to a limit determined by their creditworthiness (credit history). This allows them to finance large purchases, which is good for you since they will buy more goods and services from your business.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

Stax

OCTOBER 14, 2024

Verify that the provider is PCI-DSS compliant to ensure that your customers’ data is protected according to industry standards. and $0.50), plus a percentage of each purchase (between 1% and 3%) on top of the interchange fees charged by the card issuers. Interchange Plus Pricing A small fixed fee (between $0.10

Processors 88

Processors Small Business Payment APIs and Integration Payments 88

PCI Security Standards

AUGUST 20, 2024

Merchants around the world use the Payment Card Industry Data Security Standard (PCI DSS) to safeguard payment card data before, during, and after a purchase is made. The standard is intended for all entities involved in payment card processing, including merchants, processors, acquirers, issuers, and service providers.

PCI DSS 131

PCI DSS Processors Issuers Data Security 131

VISTA InfoSec

JANUARY 22, 2024

In our exploration of PCI DSS v4.0’s Changes in Requirement 3 from PCI DSS v3.2.1 PCI DSS v3.2.1 PCI DSS v4.0 Issuers storing sensitive authentication data should limit storage to business needs, ensure security, and use strong encryption. PCI DSS v3.2.1 PCI DSS v4.0

PCI DSS 100

PCI DSS Encryption Procedures Authentication 100

Basis Theory

OCTOBER 1, 2024

Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. Don't, however, let the term "merchants" fool you.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Interchange fees are fees your bank (acquirer) pays to the cardholder’s bank (issuer) in a credit card transaction. Enter the PCI DSS compliance. Interchange fee management.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Fintech News

AUGUST 26, 2024

Programme economics, including interchange rates, issuer liability, transaction declines, fraud losses, and processing fees, are all influenced by how customers use their cards. The most successful programmes will seamlessly integrate across these channels, offering users a frictionless experience regardless of how they pay.

APACS 122

APACS PCI DSS Push-to-Card Online and Mobile Banking 122

The Fintech Times

FEBRUARY 24, 2025

Digital payment company MeaWallet has partnered with banking software fintech Backbase to deliver tokenisation solutions to issuers and fintechs in Australia and New Zealand. Backbase helps financial institutions modernise their customer journeys and re-architect their business operations around the customer.

PCI DSS 59

PCI DSS Issuers Push-to-Card Origination 59

Clearly Payments

JANUARY 12, 2024

Advise them of the potential fraud and instruct them on the steps they should take, such as contacting their card issuer to report the incident and potentially canceling their affected cards. Cooperate with Card Issuers Work closely with the credit card issuers of the affected credit cards.

Credit Cards 105

Credit Cards Law Enforcement Card Issuer PCI DSS 105

Fintech Finance

MARCH 20, 2024

With connections to over 150 issuers, fintechs, and 12 processors globally, alongside integration capabilities with major payment schemes, Mea Card Gateway empowers organisations of all sizes, providing value-added services that have been previously hindered by PCI DSS compliance constraints.

PCI DSS 52

PCI DSS Gateways Security Push-to-Card 52

Clearly Payments

OCTOBER 22, 2024

A PIN is a four- to six-digit numerical code assigned to a credit or debit card by the card issuer or chosen by the cardholder. Transaction Approval : Upon successful verification, the card issuer approves the transaction, and the payment is processed. What is a PIN? If the PIN is correct, the transaction proceeds.

Debit Card 105

Debit Card Credit Cards Point-of-Sale (POS) Encryption 105

Clearly Payments

JANUARY 16, 2024

What are Interchange Fees in Canada Interchange fees are charges levied by credit card issuers (such as Visa, Mastercard, and others) to merchants for accepting and processing electronic payments. These fees serve as compensation for the risks and costs associated with facilitating electronic transactions.

PCI DSS 105

PCI DSS Debit Card Processors Credit Cards 105

Stax

MARCH 15, 2024

The primary security standards that payment systems typically adhere to include: Payment Card Industry Data Security Standard (PCI DSS): PCI DSS sets forth requirements for securing payment card data, including encryption, access control, network monitoring, and regular security testing.

Process 88

Process Security PCI DSS Encryption 88

Clearly Payments

FEBRUARY 7, 2024

Chargeback Rate The chargeback rate measures the percentage of transactions that result in chargebacks, which occur when customers dispute a transaction with their card issuer. High chargeback rates can negatively impact merchants by increasing costs, damaging reputation, and affecting payment processing eligibility.

Process 98

Process PCI DSS Processing Costs Fraud Detection 98

Payment Savvy

MAY 11, 2023

As a merchant, you will need to comply with the Payment Card Industry Data Security Standard (PCI DSS) and other security regulations to ensure the safety and security of Visa transactions. Here’s an overview of the Visa system: Issuers: Issuers are financial institutions that issue Visa-branded payment cards to consumers.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

The Payments Association

OCTOBER 4, 2024

Traditional card issuers and networks must adapt or risk obsolescence. Additionally, many card networks and issuers are built on legacy systems, some of which are decades old and woven into the fabric of the core technology estate. These regulations are designed to ensure security, protect consumer data, and promote fair competition.

Online and Mobile Banking 88

Online and Mobile Banking Cross-Border Payments Cross-Border Alternative Payment Methods 88

PYMNTS

NOVEMBER 6, 2018

That scope applies to merchants and other stakeholders, including issuers and payments processors. By using tokenization to comply with PCI DSS and GDPR, there is no need for two approaches, mindsets or technology deployments to satisfy data protection rules.

PCI DSS 71

PCI DSS Breach Privacy Irrevocability 71

Clearly Payments

DECEMBER 2, 2024

The terminal communicates with the card issuer to approve the payment. The payment gateway encrypts the data and securely transfers it to the card issuer for approval. To minimize risk: Look for PCI Compliance: The Payment Card Industry Data Security Standard (PCI DSS) is mandatory for all businesses that handle cardholder data.

Credit Cards 105

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 105

The Fintech Times

MARCH 6, 2024

Her journey began on the issuing side, primarily focusing on the Discover Card issuer team, before a transition to the network division, where she has played a role in managing various digital products, such as overseeing tokenisation efforts and the development of the tokenisation platform at Discover ® Global Network.

Digital Payments 64

Digital Payments Innovation Security Issuers 64

Stax

AUGUST 29, 2024

It will also communicate with the customer’s card issuer to verify the authenticity of the card details entered into your checkout page. That’s why electronic payments information is first sent to an acquiring bank for verification with the customer’s issuing bank and card issuer before the transaction is authorized.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

Stax

DECEMBER 27, 2023

A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. This should comply with Payment Card Industry Data Security Standard (PCI DSS) requirements to ensure that customer data is kept as safe as possible. PCI compliance.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

Fintech Finance

JUNE 5, 2024

Issuer processing powerhouse Enfuce has today announced a new partnership with allpay Limited, the UK’s leading payments solutions provider, to integrate cutting-edge, secure cloud-based card payment solutions across the public sector services in the country such as local UK councils.

PCI DSS 52

PCI DSS Payment APIs and Integration Payment Solutions Fraud Prevention 52

The Fintech Times

JUNE 9, 2024

Enfuce , the female-led issuer processor, has unveiled three new strategic partnerships, as it continues with expansion plans across the likes of the UK, France and Iceland; while dipping its toes into not only the fintech sector, but also telecommunications, the public sector and employee benefits.

Payment APIs and Integration 59

Payment APIs and Integration PCI DSS Disputes Commercial Card 59

Clearly Payments

FEBRUARY 12, 2024

Moreover, stringent data protection and privacy regulations, such as the GDPR and PCI DSS , govern how Visa and Mastercard handle sensitive financial data. Authorities implement regulations to ensure fair pricing practices and protect merchants and consumers from excessive fees.

Visa 105

Visa Payments Payment Networks Online and Mobile Banking 105

EBizCharge

AUGUST 12, 2024

What’s the difference between acquirers, issuers, and payment processors? When navigating the realm of credit card processing, it’s crucial to distinguish between merchant acquirers (acquiring banks), card issuers, and payment processors, as each plays a distinct role in the card transaction ecosystem.

Credit Cards 52

Credit Cards Acquirers Process Debit Card 52

PayHawk

APRIL 18, 2023

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Stax

SEPTEMBER 17, 2024

If you’re handling cardholder data, you’ll need to think about aspects such as payment processor partners, PCI DSS compliance, and point of sale transactions in addition to various payment methods as credit card transactions and general commerce continue to evolve. From there, the bank will approve or decline the transaction.

Payment Gateways 88

Payment Gateways Gateways Online and Mobile Banking Payment APIs and Integration 88

Stax

MAY 7, 2024

Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. PCI-compliance fees – Businesses running credit card transactions must be compliant with the Payment Card Industry Data Security Standard (PCI DSS).

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Stax

DECEMBER 20, 2023

It’ll compare the billing address provided in the transaction to the billing address on file with the card issuer. Finally, ensure your system is compliant with industry security standards (PCI DSS) to protect your customers’ card information.

Credit Cards 88

Credit Cards Small Business Process Security 88

The Fintech Times

FEBRUARY 27, 2024

Merchants, especially smaller or micro-merchants, don’t want the hassle of hardware that’s time-consuming to install, expensive to maintain, and difficult to upgrade every time a new payment method or industry standard emerges, like PCI DSS.

Consumer Protection 69

Consumer Protection Payments Trends Stablecoins Consumer 69

Exact Payments

AUGUST 23, 2023

Reputable PFaaS vendors will handle these in the background, allowing SaaS companies and ISVs to improve their products and better serve their customers.

Embedded Payments 52

Embedded Payments B2B Accounts ISVS 52

Stax

JANUARY 10, 2024

Basics of Credit Card Fees Credit card fees refer to a range of charges that are imposed by credit card issuers on cardholders and merchants for completing credit card payments, either online or in person. PCI compliance fees. Strictly speaking, merchants do not pay interchange fees directly to the card network.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88