Credit Card Processing
What is the NACHA API standardization?
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While application programming (APIs) have long been basic components of communication between different apps, there is not yet standardization for them.
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Credit Card Processing
American Express Anti-Steering Supreme Court Case
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You may have heard that a case involving American Express went to the Supreme Court. The case, Ohio v. American Express, determined whether businesses are allowed to suggest customers use lower cost credit cards when paying for purchases.
Business
Venmo for Business
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With bill splitting apps like Venmo rising in popularity, especially among younger demographics, many businesses are wondering about accepting those payment methods directly. While Venmo does allow for business use, there are limitations – as well as some concerns – to be aware of.
Credit Card Processing
High Risk Merchant Accounts
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In credit card processing, certain businesses are considered “high risk” and will need a processor that specifically supports those business types. But there’s some confusion about what exactly “high risk” means.
Credit Card Processing
Fighting Fraud with Machine Learning
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Fraud remains a thorn in the side of businesses, credit card processors, and customers. In fact, credit card fraud created losses in the billions every year.
Credit Card Processing
Should Your Business Go Cashless?
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The way we pay for things is changing. The wide availability of credit cards, debit cards, contactless payments, and online shopping has transformed our payment options.
Credit Card Processing
Mastercard and Visa Limited Acceptance Programs
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As a small business owner, you may wonder if you can accept only debit cards or only credit cards. The short answer is yes, but there are rules you’ll need to follow and considerations before making that decision.
Credit Card Processing
Saving Money with Interchange Optimization
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Interchange optimization goes beyond the basics of credit card processing. It’s about making sure that your interchange charges (the fees going to the banks that issue credit cards) are optimal for your business and that you’re avoiding downgrades.