The Payment Card Industry Data Security Standard (PCI DSS) has always been the backbone of protecting cardholder data. With the release of PCI DSS v4.0 in March 2022, the standard underwent its most significant update in over a decade. While version 3.2.1 was officially retired in 2024, the real shift
Breaking a contract without penalty can be a challenging and time-consuming process. However, for Canadian merchants who are looking to get out of their merchant
Chip and PIN is a payment processing technology that has become increasingly popular in recent years. This technology is designed to provide an additional layer
One of the core values of Clearly Payments is independent thinking. In the fast-paced and highly competitive world of business, we believe the ability to
Accepting credit cards has become a common practice for businesses of all sizes. While cash and checks were once the primary forms of payment, credit
Getting approved for a merchant account is a crucial step for businesses looking to accept credit card payments from their customers. A merchant account allows you
Interchange rates are fees merchants pay to credit card issuers and payment networks every time a customer uses a credit card to make a purchase. These
The payment processing market is estimated to reach $248.93 billion by 2028, growing at a good rate of 14.5% per year. The growth can partly
The total number of digital payment transactions globally is expected to reach 1.5 trillion in 2023, up from 876 billion transactions in 2018. The payments
Insurance firms have increasingly been accepting credit cards as a convenient form of payment for their customers. Insurance firms, in the past, have been more
The payments industry has seen many changes in recent years, with the rise of mobile payments and digital wallets. However, one big change in the
Visa Debit is a popular payment method worldwide. It is accepted by millions of merchants in over 200 countries and territories, including both online and
The payments industry has been revolutionized in recent years by technological advancements, changing consumer behavior, and the growing demand for digital payments. This industry encompasses
Fraud detection is of the utmost importance in the payments industry as it helps to protect both merchants and customers from financial losses. This is
The use of biometrics in payments and credit card processing is a growing trend that is changing the way consumers interact with their money. Biometric
Many accounting firms accept credit cards as a form of payment. They have found that it makes it easier for customers, it speeds up collections,
Interchange fees are a crucial component of the credit and debit card payment system. They serve as a revenue source for card issuing banks which use
Fraud in credit card processing is a significant problem that costs businesses and consumers billions of dollars each year. The exact size of the problem
The use of cash and checks for payments has been steadily declining in recent years with more people choosing to use digital payment options instead.
Credit card processing is becoming more ubiquitous across various industries as cashless payment methods become increasingly popular. However, some industries are adopting credit card processing
Law firms are service providers that operate in a highly competitive and regulated industry. Clients demand excellent service, prompt communication, and secure payment processing. The
Debit cards and credit cards have become the most common way for people to pay for goods and services. Roughly 85% for all transactions are