Posts Tagged “card payments”

Cross-Border Interchange Fees on Visa credit cards will be capped

BRUSSEL | Europe's Antitrust Regulator accepts Visa Europe's offer to cap its cross-border interchange fees on credit cards to 0.3% of the value of each transaction. According to the terms of the 4-year deal, Visa Europe would reduce interchange rates in 10 European Union countries including Italy, Luxembourg, the Netherlands, Ireland, and Hungary.


GlobalCollect becomes global acquirer for Discover/Diners cards

AMSTERDAM | GlobalCollect today announced that it has partnered with Diners Club International, a subsidiary of Discover Financial Services. This partnership will make GlobalCollect a global acquirer for all cards running on the Discover Global Network thereby increasing merchants’ payment options in key international markets. All Nippon Airways (ANA), the eighth largest airline in the world by revenues, is already on board for Diners and Discover card acceptance.


Visa

Visa is a card payment method that can used for purchases at point-of-sale and online. Upon checkout in an online store, the consumer selects the Visa button or logo, enters their card number, expiry date and CVV2 (security code at the back of the card) and completes payment. Merchants receive instant confirmation of payment. Visa, similar to other credit cards used online, are known to be eligible for chargebacks: the cardholder reclaiming their money due to fraud or disputes. Merchants willing to accept Visa online can protect their card sales by using Verified by Visa, a service that verifies the genuine cardholder at the moment of purchase. Online merchants are able to accept Visa payments either via direct solutions like PayPal and Click-and-Buy, or via Visa Payment Gateways and Payment Service Providers (see below). Visa credit card transactions are normally charged a commission of 1-3% per transaction (differs per merchant/country).


MasterCard

MasterCard is a card payment method that can used for purchases at point-of-sale and online. Upon checkout in an online store, the consumer selects the MasterCard button or logo, enters their card number, expiry date and CVC2 (security code at the back of the card) and completes payment. Merchants receive instant confirmation of payment. MasterCard, similar to other credit cards used online, are known to be eligible for chargebacks: the cardholder reclaiming their money due to fraud or disputes. Merchants willing to accept MasterCard online can protect their card sales by using MasterCard SecureCode, a service that verifies the genuine cardholder at the moment of purchase. Online merchants are able to accept MasterCard payments either via direct solutions like PayPal and Click-and-Buy, or via MasterCard Payment Gateways and Payment Service Providers (see below). MasterCard credit card transactions are normally charged a commission of 1-3% per transaction (differs per merchant/country).


Adyen API empowering Online and In-App Payments

AMSTERDAM | Adyen launches Easy Encryption Solution, an API that enables merchants to connect directly to Adyen’s payment platform using their own payment pages. This effectively opens up access to a global market at the click of a button.


One Click Pay with Maestro launched in Belgium

GERMANY - THE NETHERLANDS | From now on, Belgian consumers can pay e-invoices with a single mouse click, with One Click Pay and Maestro. UnifiedPost, PaySquare and Paybox are launching this new, fast online payment method in conjunction with MasterCard for the Belgium market. Energy supplier Eni Belgium is the first to offer this new payment method to its customers.


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