Statistics for Cash and Credit Card Use for Payments in 2024
In consumer finance, the way we pay for goods and services is changing rapidly. Once upon a time, cash was king, but now, it’s facing stiff competition from digital alternatives, especially credit cards. As we step into the year 2024, this article serves as a guide to understanding the latest trends in cash and credit […]
Some of the Top Fraud Events and Scandals in Payments
In the world of payments, fraud is a constant threat that can have significant impacts on businesses and consumers alike. From large-scale data breaches to intricate schemes, fraudulent activities have left lasting marks on the financial landscape. From the Target data breach that compromised millions of customer accounts to the collapse of Wirecard AG following […]
Payment Processing and Market Statistics for USA 2024
The United States payment processing industry is evolving rapidly due to digital advancements, changing consumer behaviors, and regulatory developments. Businesses that don’t adapt to these changes and offer secure, convenient payments will find competing very difficult. This article explores the current landscape of payment processing in the USA, focusing on the rise of digital, market […]
Payment Processing 2024 Market Statistics in Canada
In this 2024 report, we’ll explore how payment methods have evolved in the Canadian market, focusing particularly on the shift towards digital, contactless payments, and mobile along with other 2024 trends. We’ll go into the impact of this trend on businesses, including the challenges and opportunities they face in adapting to changing consumer preferences. We’ll […]
What Should Merchants Do If They Suspect Credit Card Fraud At Their Business?
Credit card fraud is an unfortunate reality that businesses must face in today’s digital age. Year after year, credit card fraud attempts are on the rise, with a staggering 46% year-over-year increase reported globally. Merchants are often the first line of defense against different types of fraudulent activities, and their ability to promptly identify and […]
A Big List of Payment Gateways
In the rapidly evolving world of e-commerce and digital transactions, the choice of a payment gateway is a crucial decision for businesses. A payment gateway serves as the bridge between the customer and the merchant, facilitating secure and seamless transactions. With a multitude of options available, it’s essential for merchants to stay informed about the […]
Comparison and List of Payment Acquirers, ISOs, and Aggregators
In the intricate landscape of payment processing, merchants are confronted with a choice between three types of payment processors: Acquirers, Independent Sales Organizations (ISOs or MSPs), and Aggregators (PSPs or PayFacs). Understanding the distinctive roles each plays is important for businesses seeking an optimal payment processing solution. This article covers the differences between Acquirers, ISOs, […]
What is a Good Credit Card Chargeback Rate for Merchants?
Credit card chargebacks are a common concern for merchants. They can impact your bottom line, reputation, and even your ability to accept credit card payments. As a result, understanding and managing your chargeback rate is vital. What is considered a good credit card chargeback rate for merchants and how can you achieve it? In this […]
What are Merchant Services?
Digital payments have become the lifeblood of commerce. Whether you’re a local retail store, an eCommerce giant, or a small business owner, your ability to seamlessly accept payments from customers is paramount to your success. This is where merchant services step into the spotlight, offering a comprehensive suite of financial solutions that empower businesses to […]
Flat Rate and Interchange Plus Pricing Comparison in Payments
In the world of payment processing, merchants are often confronted with a crucial decision: which pricing model should they adopt? Among the various pricing options available in payments, two stand out as the most popular and widely used: flat rate pricing and interchange plus pricing, also known as cost plus pricing. Each of these models […]