Concepts

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

ACH Return Codes and Best Ways to Handle Them

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ACH Return Codes and Best Ways to Handle Them

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 [...]

Web Hooks as a Powerful Embedded Payments Feature

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Web Hooks as a Powerful Embedded Payments Feature

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 Finance for Your Business

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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

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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

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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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Demystifying Bank Transfers

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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Credit Card BIN Files

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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Chargeback Handling Lifecycle

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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Payment Card Transaction Decline Codes

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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Offline Processing: Store-and-forward

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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PINless Debit Card Networks

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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Merchant Services Commissions Sharing

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 [...]



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