payment industry news

Fewer than most owners hope, and more than most owners use. You almost never have a contract with Visa or Mastercard directly. Your contract is with a processor and its acquiring bank, and nearly every merchant agreement...

The fastest rail is an instant payment, sent through a network such as RTP or FedNow. The money lands in seconds, at any hour, and it is final once it arrives. The catch is that the customer has to push the payment and both...

Expect a reserve if your business looks risky to the bank. That usually means a lot of future delivery, high chargebacks, fast growth, little processing history, large average sales or subscription billing. Expect it to be...

A pay-by-link payment solution for B2B invoicing puts a secure payment link on every invoice you send, so your business customer can open it, see the amount and pay by ACH or card in a minute, instead of mailing a check or...

Same Day ACH moves money faster than standard ACH, but it does not make the payment final, while a true real-time payment is both instant and final once it lands. That is the whole difference in one sentence, and it matters...

An omnichannel payment solution lets one business take payments at the counter, on its website, over the phone, by invoice and on a phone or tablet in the field, with every one of those payments landing in the same merchant...

Failed payments kill subscription revenue silently because nobody decides to leave. A card expires, a bank flags a charge, a customer hits a limit for a day, and the subscription quietly stops paying while the customer...

Interchange fees are set by the card networks, mainly Visa and Mastercard, which publish schedules of rates that the acquiring side of each transaction pays to the bank that issued the customer's card. Your processor does...

Representment is your one formal chance to answer a chargeback, and it is only one stage of the dispute, not the end of it. When you upload your evidence, your acquiring bank packages it and sends it through the card...

A referral partner program lets an accounting or bookkeeping firm introduce clients to a payment provider and receive an ongoing share of what the provider earns on those accounts. For many firms it is a sensible fit,...

E-commerce payment processing for an online pharmacy is the chain of companies and steps that moves a patient's card payment from your checkout page to your bank account, with extra checks layered on because the product is...

An acquirer reads a merchant application by asking one question underneath all the others: if this business stopped operating tomorrow, how much money could the bank be left owing to cardholders, and how likely is that?...