Maintained to reflect market changes, statistics, network rules, pricing structures, and prevailing cost dynamics.
Key Takeaways Merchant churn can vary by more than 5x depending on vertical, with professional services below 10% annual logo churn while high-risk ecommerce categories are 50% Restaurants frequently experience 25% to 45% annual logo churn, driven by business failures, POS migrations, ownership turnover, and embedded payment switching Ecommerce portfolios
In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Although BINs
The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and
Zelle is a fast, convenient way for people in the United States to send and receive money almost instantly, known as a real-time payment service
The economy today is tech-driven and payment methods are a key part of that paradigm. From traditional options like credit cards to emerging solutions such
As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Selling products and services internationally
When running a business, accepting payments is a must, but for some industries, it isn’t as simple as swiping a card. Some businesses are labeled
As a merchant, understanding how a PIN (Personal Identification Number) works with credit and debit card transactions is essential for running a secure and efficient
Loyalty programs have become an integral part of shopping, offering businesses a way to build stronger customer relationships, increase retention, and drive sales. Loyalty programs can
The COVID-19 pandemic has reshaped the payment processing industry, which has undergone rapid transformation in response to the challenges of the pandemic. In 2024, it
Payment terminals, often referred to as point-of-sale (POS) terminals or credit card machines, are devices that enable businesses to accept electronic payments from customers. There
The main cost for merchants to accept credit cards is the interchange fee, a fee paid by merchants to the card-issuing bank each time a
In payments, fraud impacts both businesses and consumers. It can be painful. Among the various types of fraud, “friendly fraud” is rather challenging. Despite its
If you’re a merchant, getting on the MATCH list can feel like hitting a brick wall when it comes to processing payments. In this article,
If your business accepts credit cards, chargebacks are a part of doing business. Chargebacks can impact your business’s revenue, reputation, and customer relationships. With rising
Contactless payments market has been growing quickly. As digital infrastructure continues to advance, the ease and speed of contactless transactions are becoming increasingly attractive to consumers
A Payment Orchestrator is a service that enables businesses to manage and optimize their payment processing by connecting to multiple payment providers and processors through
Contactless payments have rapidly grown in the United States, evolving from a niche technology to a mainstream payment method. As consumers increasingly prioritize convenience and
Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial
Debit payments, peer-to-peer (P2P) money transfers, and digital cash have been evolving at a good pace over the past 10 years. This has been changing
In 2024, payment processing is more complex and competitive than ever. With the global economy’s increasing digitization, the demand for efficient, cost-effective payment processing solutions
American Express, the 3rd largest credit card network in the US market, has over 133 million active cards worldwide and an average spend of $23,500