The Cost of Chargebacks Though accepting credit card payments is beneficial to a business, chargebacks can cause major drawbacks. We covered a few aspects of the chargeback process here and here. In this post we’ll discuss how to avoid chargebacks. If a customer disputes a transaction for one reason or another, the merchant will have
Fiserv, Inc., a leading global provider of financial services technology solutions, announced that E-Central Credit Union, based in Pasadena, California, has selected the XP2 core processing platform in an outsourced deployment. The credit union will also implement several integrated digital solutions, including Corillian Online for online banking, Mobiliti for mobile banking, CheckFree RXP for electronic
Cardtronics Inc. announced that its chief financial officer, Chris Brewster, has notified the company of his plans to retire later this year. Cardtronics, the world’s largest retail ATM owner / operator, has retained executive search firm Spencer Stuart to conduct a search for Brewster’s successor. He will remain in his position until a new CFO
It can sometimes be difficult to totally avoid chargebacks. In light of this its best for a merchant to understand how the chargeback process works and what to expect when a chargeback request against you is requested by a cardholder. Before we look at the process, here are some of the terms you need to
Ingenico Group and Intel Corporation announced a collaboration to combine Intel technology and Ingenico Group secure payment acceptance for the Internet of Things. The companies will jointly develop a mobile tablet that supports EMV and NFC payment functionalities, a standard required by banks to help prevent credit card fraud. Today, banks are responsible for fraudulent
The ATM Industry Association (ATMIA) announced that it has created a new level of membership specifically for financial institutions. Although FIs have always been an important segment of the membership, this new level combines selected benefits into a package that ATMIA expects to be of particular interest to banks and credit unions of all sizes.
ProPay, a TSYS company, announced that it is launching ProFac Express — a suite of services designed to simplify and enable payment facilitators with aggregation and traditional payment processing services. With a long-standing and proven track record in supporting merchant aggregators, ProPay is uniquely suited to support the needs of software developers, service providers, online
At the ETA Transact 15 conference in San Francisco, Ingenico Mobile Solutions, the global reference in mobile payment acceptance, launched the first and only PCI PTS 4.0 and SRED-certified mobile card reader equipped to accept both EMV and magstripe card payments, as well as NFC/contactless payments such as Apple Pay. Designed with flexibility in mind,
Mozido, the Austin-based global mobile commerce solutions provider, is building on its mobile payments platform through a strategic investment in HCE (host card emulation) technology pioneer, technology owner and market leader, SimplyTapp, the company announced. The investment gives Mozido access to SimplyTapp’s patented HCE technology platform, enabling could-based credentials management capabilities to secure NFC-based mobile
Wincor Nixdorf has been working with Commonwealth Bank of Australia in implementing an innovative payment solution on the Australian market, which will significantly improve the world of electronic payments. Albert, as the payment tablet is called, was jointly developed by Wincor Nixdorf, Commonwealth Bank and the design company IDEO. It changes how retailers interact with
