Credit card fraud is not just the work of isolated criminals. Today, much of it is driven by organized fraud rings, sophisticated groups that treat financial crime like a business. These networks operate across borders, use advanced technology, and cause billions of dollars in losses each year. The Scale of
Interchange rates are fees that merchants pay to credit card processors and issuing banks for accepting credit card payments. The fee is based on things such
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
Cryptocurrency has been gaining significant attention in recent years. One of the main uses of cryptocurrency is as a form of transferring value: payments. But
Interchange fees are the biggest part of the fees that merchants pay whenever a credit card is used for a transaction at their business. This
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.
In credit card processing, a chargeback is a process by which a cardholder disputes a charge on their credit card statement with their issuing bank.
You cannot talk about payments without talking about digital payments. Cash and checks are declining in use while digital payment forms are skyrocketing. The number
The future of payments will continue to be driven by advances in technology, changes in consumer behaviour with the desire for convenience, and the increasing
Interchange fees, also known as swipe fees, are charges that merchants pay when a customer uses a credit card to make a purchase. Sometime interchange rates also
An issuing bank is a financial institution that issues credit cards or other types of payment cards to consumers. These institutions are responsible for maintaining
VANCOUVER, BRITISH COLUMBIA, CANADA, January 26, 2023 — Clearly Payments, a leading payment processor in Canada, is excited to announce its expansion into the United
As a business owner, one of the most important decisions you’ll make is which forms of payments to accept. American Express (AMEX) has over 100
What is open banking? Open Banking is a financial technology (fintech) trend that allows customers to share their financial data with third-party providers, such as
Payment machines, also known as payment terminals, have been around since about 1960. Before they were actual machines, they were card imprinters and then they
VANCOUVER, BRITISH COLUMBIA, CANADA, January 16, 2023 — Provincial Credit Union, the leading credit union in Atlantic Canada, and Clearly Payments, an award-winning payment processor
Clover is a point-of-sale (POS) software and hardware system that allows small to mid-sized retail, restaurant, and service-based businesses to take in-person payments. Clover POS
There is a lot that happens in a credit card transaction. There is consumer identity verification, merchant status verification, fraud detection, and bank communication. All
The number of contractors, architects, builders, and others in the construction industry that use credit cards for payments has increased. It is an industry that,
A virtual terminal is a web-based application that allows merchants and business owners to accept credit card payments using an internet browser on a computer,
One of the great things about credit card processing is that funds are deposited into your bank account within one or two days without having
Credit card processing is one of the “must-haves” for a lot of businesses. This is especially true because the world is moving to a cashless