article thumbnail

Credit Card Processing for Small Business: Everything You Need to Know

Stax

A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.

article thumbnail

The Corporate Card Faces New Hurdles In AP Departments

PYMNTS

In this week’s look at the latest in Commercial Card Innovation, PYMNTS examines the tactics industry players use to overcome hurdles, including complex strong customer authentication (SCA) compliance requirements and the pain of supplier non-acceptance. Billtrust, REPAY Drive Virtual Card Adoption.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

By imposing specific requirements on a banking institution’s CISO and governing body, the Amendments appear to increase management exposure to regulatory enforcement for lapses in cybersecurity oversight. The entity’s senior governing body must approve such programs annually.

article thumbnail

PSD2: Ready Or Not? Not, Says Whitepages Pro

PYMNTS

The headlines surrounding PSD2 trumpet the arrival of open banking – where customers and companies have access to data in one place and can share it with third parties through APIs – but there is also the need for strong customer authentication (SCA).

article thumbnail

Biometrics And Beyond For Call Centers

PYMNTS

While biometrics includes the better-known methods such as facial recognition and fingerprint ID, increasingly voice is also being used for authentication since speech recognition technology is improving. Consumers are also interested in using voice in non-traditional ways. Lindsay Sacknoff, head of U.S. Lindsay Sacknoff, head of U.S.

MFA
article thumbnail

GDPR & PSD2: A Silver Lining For Fraudsters?

PYMNTS

Some are playing the wait-and-see game, keeping an eye on others in the space for ideas; others are gambling with which rules to follow and which to ignore until the consequences of non-compliance become more clear. PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication.

article thumbnail

The Top 5 Accounting OCR Software in 2024

Nanonets

Bank Reconciliation: Veryfi assists with  bank reconciliation , ensuring that expenses are accurately recorded and accounted.  per document (for non-receipt types). Users can create up to 50 different parsers, enable multifactor authentication, and enjoy priority support and parsing access.