Credit Cards

credit card processing trends

Trends in Mobile Credit Card Processing for Fall 2021 and 2022

Over the last 12 months, almost every retailer felt the need to shift from the in-store traditional payment methods to the new-age digital methods. Businesses have also understood that this shift has a vast scope – it is not just a momentary reaction to the prevailing coronavirus pandemic, but a long-term trend. IBM’s U.S Retail …

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Lloyds Bank Credit Card Holders Can Use MasterCard’s Open Banking Connect

Lloyds Bank Credit Card Holders Can Use MasterCard’s Open Banking Connect The MasterCard Open Banking Connect service provides support for managing payments the right way. With this system, users can start a PISP or Payment Initiation Service Provider payment and pay off their credit card balances. The user can create a credit card bill through …

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Differences Between a Credit Card Machine and POS System

Starting out, many new business owners may feel baffled by a huge list of technologies and terms, especially in the payment industry, such as POS systems, credit card terminals, credit card processing, and so more. Many startups may feel confused when selecting the right device or technology for handling their day-to-day transactions and sales. Although …

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The Best Credit Card Offers for 2020 and 2021

If you have a New Year’s resolution to get your finances in order, that may include finding the right credit card. If you have a high-interest card that doesn’t provide you with any rewards or benefits, you could be missing out. Here are the top credit card offers for the New Year. Discover-It Cash Back …

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Visa Looks to Make Plastic Cards Sustainable

Visa has an ambition to improve the world and minimize its environmental impact. Thus, they are collaborating with the CPI Card Group to produce ‘Earthwise High Content Card’ for Visa cardholders. The credit card, made of 98% upcycled plastic, would enable both contactless and contact payments. Besides this, the aim is to make cards EMV compliant with dual-interface …

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Regulated and Unregulated Debit: What You Need to Know

Following the financial crisis of 2008 Congress won the ability to regulate swipe fees, or debit interchange fees, charged to retailers by Visa and Mastercard, as well as charged by the issuing financial institutions. This is all made possible under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, more specifically the Durbin …

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Credit Card Networks Could Make Shopping More Expensive in the Near Future

The three largest credit card processing networks are preparing to increase their fees later this year, and this action could trigger a domino effect affecting banks, merchants and consumers. A report published by the Wall Street Journal on February 15 indicates that the increase could happen as early as April 2019, and it will be …

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Contactless Mobile Cards

While plastic credit cards have been relied on by shoppers for decades, that may be changing in the near future. In light of identity theft and other similar issues, the concept of contactless mobile cards is beginning to gain steam. In fact, Visa, one of the leading credit card companies, is already getting behind this …

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Upgrade to EMV

Europay, Mastercard, and Visa (EMV) chip card technology isn’t just a fad: it’s the future. More than 60% of credit cards issued in the United States today are EMV-enabled and old ATM cards are even being discontinued in favor of more secure chip technology. EMV-enabled debit and credit cards have computer chips that offer far …

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New Credit Card Trends

As consumer spending trends, security threats and technology change, credit card issuers like banks, credit unions and partner retailers and credit card companies keep pace with these changes in a variety of ways. New trends typically involve updates designed to make the use of credit cards more attractive to consumers and create strong, long-term issuer …

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