Accepting payments isn’t as straightforward as just handing over cash. With credit cards, debit cards, and mobile payments, an entire web of interactions takes place in the background each time a card is swiped. Besides the basic transaction processing, this network of activity also works to inspect for fraud, authenticate the payment information, verify that […]

When someone swipes their card, an entire web of activity starts to occur behind the scenes. Payment gateways, issuers, and acquirers work together to authenticate and approve the transaction so that it can be processed. While many transactions begin when a customer swipes a card or pushes a button, this isn’t true in every case. […]

From changing regulations to cross-border fees, there are many payment processing challenges that can impact your acceptance rates, overall costs, and network reliability. Smart payment routing is essential for facing these obstacles.  Intelligent payment routing allows you to optimize your payment routing so that transactions go to the best possible provider. The routing considers important […]

When someone swipes a card, an intricate sequence of steps is instantly carried out. For the payment to go through, it must be authorized, captured, and settled.  Payment authorization is a critical step in the transaction process. It is essentially where the issuer says that the transaction can go through. If there are insufficient funds, […]

According to one study, around 11% of e-commerce transactions fail each year. Meanwhile, chargebacks annually cost merchants around $117.47 billion.  While your payment processing tools might be out of sight and out of mind, they can have a real impact on your company’s bottom line. High decline rates, chargebacks, customer abandonment, and fraud can add […]

Authorized push payment fraud (APP) is rapidly growing as a problem, but many businesses remain unprotected. This insidious type of fraud involves a bad actor pretending to be a legitimate vendor, employee, or business partner. Then, the bad actor uses this false identity to trick businesses into sending a payment to them. As a business, […]

Years ago, businesses might wait weeks for a check to be mailed and received from a customer. Even after you dropped the check off at the bank, it could be days until it cleared your account. Today, real-time payments (RTP) have made multi-day waits a thing of the past. These instantaneous payments can transfer into […]

Merchant account holds can immediately disrupt your cash flow and make funding your day-to-day operations difficult. Even when the hold is only for a single transaction, the documentation, reviews, and process can be onerous and inconvenient.  When you are notified about a merchant credit hold for review, it pays to be proactive. Respond to any […]

With machine learning, it’s possible to analyze vast stores of data in minutes. While fraudsters are using artificial intelligence (AI) for criminal purposes, financial institutions can stay one step ahead with AI for fraud detection. As a fraud detection tool, AI is a necessity in today’s environment. Criminals don’t wait to probe your company’s defenses […]

Even though stock market crashes and financial emergencies tend to be rare, they can still happen. Your ability to stay afloat in any market situation depends strongly on whether you have access to cash. With the best business savings accounts, you can enjoy good liquidity and earn interest on your savings. Because you can’t control […]