Concepts

A category of articles familiarizing merchants with key payment processing concepts.

Embedded Finance for Your Business

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 [...]

Cross-border Transaction Processing Fees

Cross-border Transaction Processing Fees

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 [...]

Merchant of Record and Payment Facilitator

Merchant of Record and Payment Facilitator

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 [...]

Demystifying Bank Transfers

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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 [...]

Credit Card BIN Files

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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 [...]

Chargeback Handling Lifecycle

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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 [...]

Payment Card Transaction Decline Codes

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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 [...]

Offline Processing: Store-and-forward

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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 [...]

PINless Debit Card Networks

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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 [...]

Merchant Services Commissions Sharing

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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 [...]

Payment Concepts: Declined Card Transaction Recycling

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The purpose of the current article is to familiarize merchants with the concept of declined credit card transaction recycling, define the fundamental terms associated with it, and show the most common strategies that companies use to maximize their decline recovery r [...]

Payment Concepts: ACH Returns

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The purpose of this article is to improve the understanding of ACH processing and the concept of ACH returns among merchants, resellers and credit card transaction processors. With better understanding of ACH processing lifecycle in general and nature of ACH returns [...]



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