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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Learn More What is Merchant Account Underwriting? What is the Purpose of Merchant Underwriting?

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Teachers FCU sees 75% cut in decisioning time with AI

Bank Automation

Teachers Federal Credit Union has reduced its loan decision time by 75% with deployment of Corridor Platforms gen AI-powered underwriting tool.

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How to Streamline Your SaaS Clients’ Merchant Underwriting Process—and Improve Adoption Rates

Stax

The first step is to find a partner that can provide the right payment technologies and services to your customers. From there, your users must go through an application and underwriting process that determines their eligibility to accept payments. What Is Merchant Underwriting?

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The Ultimate Guide to Accepting Credit Card Payments

Stax

Each association has its own interchange fee, so knowing what these fees are and how they are handled by your merchant service provider will help ease any potential confusion. Start the process of authorizing and accepting credit card payments from the merchant services provider/acquiring bank.

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Bridging Digital Advertising and Payments: Aleph Reveals Key to Ensuring Seasonal Spending Success

The Fintech Times

In the final quarter of 2024, Aleph , the technology-driven solutions provider enabling the growth of global digital marketing, announced the acquisition of LocalPayment , a fast-growing payment service provider (PSP) in Latin America (LatAm), to bring together local payment capabilities with digital advertising solutions.

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15 Years of Accelerating Business Growth: FinTech Innovation Lab New York Releases Latest Cohort

The Fintech Times

Founded in 2010, the FinTech Innovation Lab New York, a 12-week programme founded and run by Accenture , the digital service provider, and the Partnership Fund for New York City , helps early- and growth-stage fintechs accelerate product and business development.

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Everything You Need to Know About Credit Card Processing

Stax

Step 4: The credit card processing companies send the payment to the business’s bank through a certified merchant services provider such as Stax. Some merchant service providers may offer same-day or next-day funding, while others might take longer to process payouts. Step 3: The card is authorized.