article thumbnail

Payments regulation roadmap: Q3 2025​

The Payments Association

The measures include a requirement for firms to undertake daily internal and external reconciliations, maintain a resolution pack to assist administrators in the event of insolvency, submit a new monthly safeguarding return, and undergo an annual safeguarding audit. Stress test resilience against 24/7 availability standards.

article thumbnail

How Tariffs are Impacting Payments and Credit Card Processing

Clearly Payments

That said, tariffs can indirectly raise costs: Higher product prices Higher transaction values Higher interchange fees. Increased chargebacks or returns Higher dispute management costs. Its a good time to review your fee structure and ensure youre on a plan thats optimized for changing transaction sizes.

article thumbnail

5 Best Business Savings Accounts for 2024

Stax

Higher interest rates translate to greater returns on the saved funds. To assess the feasibility of these tiered savings rates, businesses need to identify the optimal average daily balance level that maximizes returns without stretching financial resources too thin. Higher balances might earn higher rates, and vice versa.

article thumbnail

EPC Chair On SEPA’s Instant Credit Transfer, One Year In

PYMNTS

On the one hand,” he said, the initial uptake of the SEPA scheme shows that that “makes sense,” and that initial use cases and transaction limits (more on both in a moment) satisfy at least some demands coming from the markets.

article thumbnail

ACH Payment vs Wire Transfer: What’s the Difference and Which Payment Method Should You Use?

Stax

Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations. The most common types of direct deposits via ACH transfer include employee salary payments, government benefits, and tax returns. Also, unlike irreversible wire transfers, ACH payments can be returned.

article thumbnail

AR And VR Sizzle At Macy’s And Walmart, Amazon And Danske Bank Fizzle

PYMNTS

When Macy’s piloted the program earlier this year, they saw basket size go up by more than 60 percent and saw returns plummet to 2 percent. There are new rules in place as transaction windows are expanded by two hours a day and transaction limits are increased to $100,000.

article thumbnail

Deep Dive: How Gift Cards Become Grift Cards For QSRs

PYMNTS

It seems counterintuitive to return to the scene of the crime, but QSRs rarely, if ever, require detailed identity information from gift card purchases, like they would for credit cards, allowing fraudsters to make purchases easily. Fraudsters target gift cards for one of two reasons.