Credit Card Processing Blog
How Does Mastercard Send Work?

How Does Mastercard Send Work?

In today’s digital payments landscape, consumers seek fast, straightforward ways to pay for goods and services. Person-to-person (or P2P) payments are thriving, with major providers including PayPal and Venmo expanding their user bases.   In June 2022, financial research firm Lending Tree surveyed almost 1,200 US consumers. According to the survey results, 84% of consumers have […]

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What Do PCI Merchant Levels Mean for Your Small Business?

What Do PCI Merchant Levels Mean for Your Small Business?

As the digital payments industry keeps expanding, brick-and-mortar stores and eCommerce retailers handle countless customer transactions daily. Unfortunately, card fraud and data breaches impact many purchases and data transfers. Per the latest data, debit card, EFT, and ACH fraud grew by 8% in 2021. Although credit card fraud declined by 1% from 2020, it still […]

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What Is Pre-Authorized Debit and How Does It Work?

What Is Pre-Authorized Debit and How Does It Work?

In today’s highly competitive marketplace, companies that can generate recurring income from one customer have an advantage over their competitors. After the set-up process, these businesses will enjoy recurring payment income with no additional effort. They won’t have to worry about missed monthly payments from distracted or cash-crunched customers. For perspective, a Mercator Advisory Group […]

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What Is an Authorization Hold and What Is It For?

What Is an Authorization Hold and What Is It For?

Authorization holds are a useful tool in the credit card processing toolbox to ensure sufficient funds are available when you’re ready to process them. For some industries, authorization holds are standard procedure. The hold is placed on a cardholder’s account, and their bank reserves the transaction amount. Cardholders can’t spend the amount of the hold, […]

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The Essential Guide to Provisional Credit: Everything You Need to Know

The Essential Guide to Provisional Credit: Everything You Need to Know

The United States payment processing solutions market continues its increasingly rapid growth. In May 2022, market research firm ReportLinker cited a market size of $90.9 billion for the year. By 2027, the payment processing solutions market is projected to reach $147.4 billion. This represents a 10.1% Compound Annual Growth Rate for the period. These impressive […]

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