Banking the unbanked in emerging markets
As countries progress, citizens migrate from remote villages to large cities and foreign countries. Their economic power rises and they participate in the global economy. People need to purchase food, pay electricity bills, top up transportation cards, arrange online services, buy overseas goods, repay loans, and send money to relatives. Unlike the U.S., however, where […]
Mastercard Is Rolling Out New Payment Solutions for SMBs
Today Mastercard is officially launching the Mastercard B2B Hub, a new solution designed to make it easier for SMBs to invoice and process payments with accounts payable. The Hub also comes built in with online payment automation tools that improve the speed, ease and security of Mastercard’s commercial payments. The move comes as Mastercard is […]
ACH vs. eChecks: What’s the Difference?
You may have noticed that we discuss both ACH and eCheck processing and payments around here. It’s all over our blog and website. ACH. eCheck. Electronic checks. What’s the difference, exactly? Let’s jump in. There actually isn’t much of a difference between the two. In fact, you can use the terms interchangeably and be pretty […]
8 FAQs about EMV credit cards
Chip? PIN? Signature? Do old cards work? Answers to frequently asked questions It’s now been a year and a half since the nationwide shift to EMV officially began. EMV — which stands for Europay, Mastercard and Visa — is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card […]
Here’s why credit and debit cards with chips are safer, and answers to other questions about chip-and-PIN payments
These three letters might be unknown to you now, but that is likely to change soon: EMV. EMV is shorthand for the technology that will make credit and debit cards safer in the future. EMV stands for Europay, MasterCard and Visa, which collaborated to adopt cards with more secure technology two decades ago. EMV cards […]
EMV Credit Cards
1. What is EMV? EMV is an abbreviation for Europay, Mastercard and Visa, the three organizations that developed the initial specifications. EMV is an open-standard set of specifications for smart card payments and acceptance devices. The EMV specifications were developed to define a set of requirements to ensure interoperability between chip-based payment cards and terminals. […]
New cards, new chips: The Benefits Of EMV
The look and feel of credit cards is evolving with the introduction of EMV card technology. After the recent large-scale hacking incidents with online and offline retailers as well as the need to address other potential fraud, credit card companies have turned to a new type of technology to reassure consumers and businesses. Since you […]
