Interac is a Canadian-based interbank network allowing customers to access their funds through ATMs, point-of-sale terminals (POS), and sometimes online shopping. It is a non-profit organization owned by the banks and credit unions in Canada, which ensures the security and reliability of all transactions processed through Interac. Interac was first introduced in 1984, and since […]
We are here to help merchants reduce their credit card processing fees. It’s the core mission of Clearly Payments. The payments industry is tough to figure out when it comes to fees. There is no standardization and very little regulation on how payment processing is priced. Unfortunately, this means that some payment processors take advantage […]
Securing a merchant account is a crucial step for businesses that want to accept credit card payments from their customers. The process of getting approved for a merchant account requires the submission of various documents that serve as proof of your business identity, financial stability, and compliance with industry standards. Not all payment processors provide […]
A payment processing partnership is a business relationship between two companies that enables them to offer payment processing services to their customers. Payment processing is the handling of electronic transactions between buyers and sellers. It involves the authorization, capture, and settlement of payments for goods or services purchased by consumers. Payment processing also includes all […]
The heating and HVAC industry is one of the essential service providers and is a multi-billion dollar industry. Whether it is to install new equipment or to fix an existing system, HVAC professionals are in high demand. With the advent of new technologies, HVAC companies are now more customer-friendly than ever before. One of the […]
Debit cards have had a steady evolution from the early days of electronic funds transfer to the widely accepted payment method we know today. Debit cards have become a popular choice for consumers looking for a convenient and secure way to make payments, without the potential for high-interest credit card debt. Roughly 40% of transactions […]
When it comes to accepting online payments, businesses have two main options: a merchant account and an aggregator account. Both these options provide the necessary tools to accept payments like credit cards and debit cards, but they operate in very different ways. In this article, we’ll take a closer look at the differences between a […]
Online payment processing companies are businesses that facilitate electronic payments for goods and services over the internet. This can be with computers, laptops, mobile phones, or any connected devices. Online payment processors offer a secure and convenient way for businesses to accept payments from customers all over the world. Online payment processing companies typically offer […]
Credit card fraud is a widespread issue that affects millions of people globally each year. The amount of credit card fraud is difficult to quantify as many instances go unreported or are not disclosed publicly. According to statistics, less than 1% of credit card thefts are solved yearly. According to recent estimates, the amount of […]
Self-Assessment Questionnaire (SAQ) is used by merchants and service providers in the credit card payment industry to evaluate the security of their payment processing systems. The SAQ is designed to help merchants and service providers understand their level of risk and the measures they need to take to ensure the protection of sensitive payment card […]
