When your business accepts credit or debit cards, adhering to the PCI DSS (“Payment Card Industry Data Security Standard”) is non-negotiable. Failure to validate compliance with PCI DSS often triggers what are known as PCI non-compliance fees, recurring charges imposed by acquirers or processors until the merchant resolves the compliance
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
Online shopping is growing at over 17% per year. With fewer people carrying cash and more retailers moving online, you can expect eCommerce to continue
Software and SaaS (software-as-a-service) businesses have grown significantly over the past two decades. Consumers and businesses alike have all increased the amount and variety of
The growing use of credit cards is a global phenomenon. The internet continues to explode, the ability to have your credit card on your phone
Somewhere around 75% of adults shop online at least once per month. Shopping over the internet has grown into a big business. The internet is one
The rules have changed in Canada as of October 6 2022 about merchants passing on credit card processing fees to customers, which is also called credit
In our experience at Clearly Payments, dealerships want a few key things in a payments solution. They want technology that simply works, low rates, top
Card brand fees are part of the payment processing costs that merchants pay. This fee goes directly to the card brands, such as Visa, MasterCard,