Payments | Credit Card Topics

25 Shocking Credit Card Processing Statistics (2023)

By: Erica Sandberg, 11/27/2023

When you use your credit card to pay for purchases online or in a store, or to transfer and receive money, a sort of technical magic takes place. A lot is happening on the backend to make sure those transactions are seamless, accurate, and fast. You will not generally notice the processing fees because they are often embedded in the cost of doing business. Sometimes, however, the merchant directly passes those costs onto the consumer. Here are 25 credit card... read more »

37% of Cardholders Have Recently Fallen Behind on Credit Card Payments, Survey Finds

By: Marcie Geffner, 11/1/2023

Key Takeaways: 37.7% of cardholders polled report having recently missed a card payment due to economic factors. The NY Fed reports that spending and debt are on the rise, which may contribute to constrained budgets and missed payments. 45.2% of cardholders polled don't know how much interest their credit cards are charging them to carry a balance. Rewards are the number one reason cardholders choose to use a credit card for purchases. But rewards earning rates are greatly... read more »

Qualpay Payment Solutions Solve Merchant Challenges With Technology, Service, and Savings

By: Mike Senecal, 11/7/2023

Qualpay is successful as a payment solutions provider because it manages every aspect of the process. And that takes a team effort. As a pioneer in offering an entirely cloud-based solution that combines a merchant account with a payment gateway, the Qualpay technology team solves intricate problems to save money and time for customers. But because payment processing is complex, service is also crucial. In the highly competitive markets in which it operates, Qualpay... read more »

Cantaloupe Services the Self-Service Retail Industry with Innovative, Cashless Payments and Smart Solutions

By: Andrew Allen, 10/12/2023

The self-service retail industry has evolved in the 21st century. Think of all of the self-service experiences that exist today: self-checkout in grocery stores, walk-in/walk-out stores at airports and arenas, grab-and-go food and beverage options in hotel pantries and employee breakrooms, and even golf ball dispensing machines at golf courses. Cantaloupe provides end-to-end technology solutions for self-service commerce, including hardware to enable payments such as... read more »

Clara Provides Credit Cards and Payment Solutions That Position LATAM Businesses for Success

By: Andrew Allen, 10/4/2023

Clara is the solution for businesses to make and manage all their payments. Clara platform includes corporate credit card issuance, bill payments, cross border transactions, and proprietary real time expense management software. Clara’s payment platform can ease expense management and alert companies to areas where cost savings may be possible. It offers three credit card options to meet the needs of businesses of all sizes. Clara listens to customer feedback and... read more »

NRS Point-of-Sale and Card Processing Solutions Help Independent Stores Compete Against Chains

By: Mike Senecal, 10/6/2023

Independent brick-and-mortar stores in the US generate jobs and opportunities and offer a local community presence to customers. But many independent merchants struggle to compete against larger chain stores with greater resources to deploy technology at scale. National Retail Solutions (NRS) provides point-of-sale and credit card processing solutions that level the playing field for independent merchants. Simple, flexible, and price-transparent NRS solutions in more... read more »

10 Best Emerging Payments Partners for SMBs in 2023

By: Mike Senecal, 8/16/2023

In today's digital marketplace, small business owners understand the importance of giving consumers what they demand: a seamless digital payment experience that puts them in the driver's seat when making purchases. The payments ecosystem evolved when cash was the only game in town and contains legacy structures that digital transformation has profoundly disrupted. Now that various payment specialists interact digitally with banks and consumers, it's more important than ever for SMBs... read more »

Customers Rely on 360 Payments for Its Attentive Service and Innovative Payment Solutions

By: Andrew Allen, 9/19/2023

Businesses that provide their customers with payment options are positioned to attract more customers. 360 Payments, which works with businesses from many industries, specializes in payment processing for businesses in the automotive industry. Its solutions save time and money for its customers and its customers’ customers. 360 Payments provides solutions that comply with PCI standards. Its lending options facilitate auto repair financing, allowing car owners to get... read more »

Berkeley Payment Solutions Provides Customized Financial Products to Meet Evolving Business Needs

By: Andrew Allen, 7/27/2023

Moving money quickly and securely isn’t a luxury for businesses these days, it’s a necessity. Berkeley Payment Solutions is at the forefront of providing businesses with payment solutions that are efficient, compliant, and lightning-fast. Berkeley's platform has more than 300 features and capabilities that can be quickly implemented as clients need. Berkeley’s products and services are customizable, allowing its clients to offer branded and innovative payment... read more »

Moniepoint SMB Payment and Banking Solutions Reach Out to Underserved Financial Consumers

By: Mike Senecal, 7/19/2023

Access to financial services is spotty outside Nigeria's urban centers, even as the country grows into an African economic powerhouse. In 2019, payment solutions provider Moniepoint began offering fast POS terminals to thousands of agency bankers — third-party providers performing cash-in/cash-out services for consumers on the outskirts. Then Moniepoint began offering merchant payment solutions as it quickly scaled and introduced banking and lending services in 2022.... read more »

Regpack Streamlines Registration, Billing, and Installment Payments for Service-Based Businesses

By: Mike Senecal, 8/2/2023

In the US, service-based businesses generate significantly more revenue than businesses that produce tangible products — 70% or more, by some estimates. Yet most payment platforms target product-based firms because the transaction process is far more straightforward. In contrast, Regpack caters to millions of event, education, travel, and subscription providers where clients register in advance for a service to be delivered later. That enables Regpack to include... read more »

Payline Offers Tailored Payment Solutions with Transparency, Security, and Support

By: Mike Senecal, 6/21/2023

The payments ecosystem has many moving parts that mesh in diverse, complex ways. Merchants in high-risk and standard categories need seamless payment processing that fits their business needs. Payline provides solutions built on transparency, security, and support. Interchange-plus pricing beats competitors with flat-rate models, and ongoing customer relationships mean easy onboarding with minimal hiccups down the line. Businesses of all sizes in all industries choose... read more »

What Happens If You Miss a Credit Card Payment?

By: John Ulzheimer, 6/5/2023

One of the cardinal rules of having a credit card is to always pay your bill on time, if not earlier than the due date. If you miss your due date by even a single day, bad things can start to happen. And they get worse the later your card issuer receives your payment. But there are also some misconceptions about how missing a credit card payment may impact your credit history and credit scores. In truth, there’s a small window after the due date that gives you the... read more »

Branch Powers the Uber Pro Debit Card and Brings Instant Disbursements and Rewards to Gig Workers

By: Mike Senecal, 6/5/2023

When Uber needed a card and app solution to pay gig workers instantly, generate rewards, and offer a full banking suite, it turned to the team at Branch. Branch's Uber Pro Card helps drivers and couriers keep more of what they earn with free, automatic payments that go directly to the card after every trip. Users access a digital banking wallet to track earnings, transfer funds, manage savings, and earn exclusive perks, including up to 10% cash back on gas. The Branch... read more »

Vagaro Streamlines Payment Processing for Businesses in the Beauty, Wellness, Fitness Sectors

By: Adam West, 5/11/2023

Fred Helou got the idea for Vagaro during a trip to South Korea in 1999, when he wanted to make an appointment for a haircut back home but didn’t want to splurge for an international phone call. Fast forward 24 years, and Vagaro is streamlining operations for more than 174,000 service providers in four countries. By seamlessly processing payments from customers, the platform frees up professionals in the beauty, wellness and fitness sectors to spend more time serving... read more »

5 Bank of America Contactless Credit Cards (Dec. 2023)

By: Eric Bank, 11/25/2023

Bank of America offers a wide variety of credit cards to suit different needs, credit score categories (i.e., from excellent to bad credit), and lifestyles, and all are contactless. That’s important because using contactless cards significantly reduces fraud costs for banks, financial institutions, and consumers. According to a report by Visa, the adoption of contactless cards in Europe led to a 30% reduction in fraud compared with the incidence of fraud using traditional... read more »

Sezzle Helps Empower Consumers with Buy Now Pay Later Capability and Credit-Building Features

By: Sean Roderick, 4/24/2023

Sezzle is a fintech company that offers Buy Now Pay Later (BNPL) and credit-building options. Its main offering is a split payment plan that enables consumers to pay for purchases in four interest-free installments over a six-week period. Sezzle Up is the fintech’s credit-building feature that reports payment history to the major credit bureaus and offers rewards to consumers for making on-time payments. Sezzle also works in direct partnership with retailers to help... read more »

Bolt’s One-Click Checkout Boosts Account Signups and Conversions Everywhere Customers Shop

By: Mike Senecal, 4/4/2023

There's a disconnect between what eCommerce customers want and what merchants need at checkout. Customers want a frictionless experience where identities fade into the background — so much so that the vast majority are willing to transact as guests without registering. Merchants want to know their customers to track behaviors and orders, personalize experiences, and encourage return visits. Bolt's one-click checkout satisfies both sides while protecting transactions.... read more »

SoloSuit Helps Clients Respond To and Settle Debt Lawsuits by Using Automated Tools and Resources

By: Sean Roderick, 3/29/2023

Millions of Americans face debt collection lawsuits every year and are summoned to appear in court. Oftentimes people don’t know how to respond after being served and lose a case by default. SoloSuit helps people fight back by providing an app that allows users to create automated legal responses by answering a series of questions in as little as 15 minutes. Those who wish to settle a case can use SoloSettle to negotiate with collectors, and the app will arrange all... read more »

PCI Pal Delivers Secure Contact Center Payments That Simplify Compliance and Enhance CX

By: Mike Senecal, 3/23/2023

Across the brand landscape, mid-market to enterprise-size contact centers need payment solutions that cover all the bases while enhancing the customer experience. PCI Pal lets organizations take payments securely via all modern business communications channels. Its flagship product Agent Assist uses masking and speech recognition technology to streamline phone payments. And it continues to innovate with Pay by Bank, which enables secure and seamless link-based... read more »

How to Pay Bills With a Credit Card (Dec. 2023)

By: Andrea Woroch, 11/25/2023

Credit cards offer many perks to consumers these days, including robust reward programs, purchase protection, exclusive retail discounts, and free travel insurance, to name a few. The most notable is the ease of payment these plastic cards offer, especially when making reservations online or booking travel. It may come as no surprise that 83% of Americans own at least one credit card. Among the most common items to charge on a credit card are daily expenses such as groceries and... read more »

PayTabs: Flexible Digital Payment Solutions That Address eCommerce Market Needs

By: Mike Senecal, 2/16/2023

A Saudi eCommerce entrepreneur started PayTabs in 2014 when he could not find a bank to work with him on payments. With timely venture capital support, he grew it into a payments provider with global reach. PayTabs targets industry verticals with flexible solutions that meet market-specific needs. It also offers a modular, microservices-based platform that plugs into existing infrastructure. PayTabs is successful because it provides eCommerce businesses with precisely... read more »

Can I Change Missed Payments on My Credit Reports?

By: John Ulzheimer, 11/15/2023

There are many details that go into the calculation of your credit scores. But nothing is more important from a credit scoring standpoint than your payment history. Making or missing payments can make or break your credit scores. Case in point, your payment history accounts for 35% of your FICO credit scores. Payment history is worth 40-41% of your VantageScore credit scores, depending on the VantageScore version (3.0 or 4.0) used. So when a late payment or late payments... read more »

6 Ways to Pay Student Loans With a Credit Card (Dec. 2023)

By: Erica Sandberg, 11/27/2023

If you have significant student loan debt, you’re in good company. According to EducationData.org’s 2023 report, the average federal student loan borrower owes $37,574, and the private student loan borrower is hanging on to $54,921. Because the payments for these obligations can be tough to manage, you may be wondering if you can charge them. In some cases, yes. Although the U.S. Department of the Treasury doesn’t permit federal student loan lenders to accept credit cards,... read more »

Tremendous Helps Growing Businesses Drive Loyalty Through Flexible, One-Off Payout Solutions

By: Sean Roderick, 1/16/2023

Tremendous enables businesses to send instant international digital payments at scale. The company offers one-off payout solutions that disburse rewards and incentives giving the recipient hundreds of redemption options including ACH, Venmo, PayPal, and brand-name gift cards. Businesses can use the Tremendous platform to buy, track and manage digital rewards, and they have the option of sending to recipients either by using the platform or by integrating with... read more »

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All articles tagged Payments (143)