Concepts

ACH return codes remain in focus of both analysts and businesses. Plenty of businesses in the US process ACH payments on daily basis. Acceptance of ACH payments presents businesses with various questions, some of which we will try to discuss here. The typical common [...]

In our previous article we outlined the history and key flavors of embedded finance. As we explained, software platforms and vertical SaaS companies benefit significantly from embedded payments. Embedded finance provides greater control over the process and diverse p [...]

Embedded Payments Implementation Tips for Businesses          Embedded finance is a hot Fintech topic. Many are looking for ways to monetize embedded payments within their companies. In our previous articles we covered many tec [...]

We are often getting questions regarding cross-border transaction processing fees. Why are cross-border transaction fees so high? Which components do they include? Will they ever get any lower? Our company’s clients from different countries and continents often hav [...]

In this article we are going to explain the merchant of record concept. We will also outline the differences between merchants of record and payment facilitators. Many articles on Paylosophy cover such concepts as payment facilitator, split funding, online marketplac [...]

Many people, trying to create payment systems at different levels, often face the question of how to transfer funds from one place to another. For example, one person needs to be able to get money from another person, or some online payment or e-wallet system needs t [...]

Most modern-time credit card fraud protection tools are based on geo-location principles, IP-address filtering, and cardholder data verification. In addition to these methods a merchant can enhance the security of its business, and improve card processing strategy by [...]

In this article we are going to address the concept of credit card chargebacks, focusing on chargeback’s lifecycle. In essence, a chargeback is a dispute between a cardholder and a merchant over a certain amount of money, happening when the cardholder believes [...]

The purpose of this article is to explain the most common reasons of payment card transaction declines. Due to some changes recently introduced by card associations into transaction processing, submitters can be fined if they re-submit transactions declined for some [...]

The purpose of this article is to describe the store-and-forward mechanism implemented in payment gateway software in the cases when transaction processing becomes impossible due to temporary loss of connectivity with the processing “back end” (for instance, a ba [...]

The purpose of this article is to familiarize the key merchant services industry players with the advantages of integrating with PINless debit card networks. The largest credit card associations, such as Visa and MasterCard, maintain large card networks through which [...]

The purpose of this article is to familiarize the key players of merchant services industry with the important approaches to merchant services commissions distribution (a.k.a. merchant services revenue sharing) and respective vital features which need to be implement [...]