Customers can now pay online via their bank accounts with Bank of America’s new ‘Pay by Bank' feature, which means no credit/debit card or user setup is needed. This Open Banking product provides a simpler, faster, and safer checkout experience. However, the adoption of the service is limited mainly in the...
What is a Good Credit Card Processing Rate?
Today, the importance of credit card processing rates cannot be overstated. Therefore, businesses need to find ways to manage costs, enhance profitability, and provide a seamless customer payment experience. In this guide, we will dissect the landscape of credit card processing rates in the United States, complete with favorable rates...
Velocity Checks and Fraud Prevention
In today's digital age, where online transactions have become the norm, the risk of fraud has also increased significantly. Fraudsters are constantly finding new ways to exploit vulnerabilities in payment systems and steal sensitive information. To combat this, businesses and financial institutions have implemented various fraud prevention measures, one of...