Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa is one of the world's most valuable companies.
Mastercard Inc. is an American multinational financial services corporation headquartered in the Mastercard International Global Headquarters in Purchase, New York. The Global Operations Headquarters is located in O'Fallon, Missouri, a municipality of St. Charles County, Missouri. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the "Mastercard" brand debit, credit and prepaid cards to make purchases. Mastercard Worldwide has been a publicly traded company since 2006. Prior to its initial public offering, Mastercard Worldwide was a cooperative owned by the more than 25,000 financial institutions that issue its branded cards.
A chargeback is a return of money to a payer of some transaction, especially a credit card transaction.
A merchant account is a type of bank account that allows businesses to accept payments in multiple ways, typically debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. In some cases a payment processor, independent sales organization (ISO), or member service provider (MSP) is also a party to the merchant agreement. Whether a merchant enters into a merchant agreement directly with an acquiring bank or through an aggregator, the agreement contractually binds the merchant to obey the operating regulations established by the card associations.A high-risk merchant account is a business account or merchant account that allows the business to accept online payments though they are considered to be of high risk nature by the banks and credit card processors. The industries that possess this account are Adult Industry, Travel, Forex trading business, Multilevel Marketing business. High-Risk is the term that is used by the acquiring banks to signify industries or merchants that are involved with the higher financial risk.
Chargeback fraud, also known as friendly fraud, occurs when a consumer makes an online shopping purchase with their own credit card, and then requests a chargeback from the issuing bank after receiving the purchased goods or services. Once approved, the chargeback cancels the financial transaction, and the consumer receives a refund of the money they spent. Dependent on the payment method used, the merchant can be accountable when a chargeback occurs.
First Data Corporation is a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provided nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and Online outlets for nearly a third of all U.S. debit cards.
First National Bank Omaha is a subsidiary of First National of Nebraska. It is the largest privately held bank subsidiary in the United States with $17 billion in assets and 4320 employees, as part of First National of Nebraska.
Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal. The Payment Card Industry Data Security Standard is the data security standard created to help financial institutions process card payments securely and reduce card fraud.
Entrust Corp., formerly Entrust Datacard,, provides financial institutions, national governments, corporate enterprises and other organizations with technologies to establish trusted identities and conduct highly secure transactions. Examples of the company's diverse offerings include software and hardware used to issue financial cards, produce e-passports; authenticate users looking to access secure networks or conduct financial transactions; provide trusted certificates for websites, mobile credentials, and connected devices; and hardware security modules and software for secure encryption and key management solutions. The privately-held company is based in Shakopee, Minnesota and employs more than 2,500 people globally.
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt. The card issuer creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards, and a few gemstone-encrusted metal cards.
Interactive Intelligence was a telecommunications software and cloud computing development company that provided unified business communications solutions for call centers, Voice over IP companies, and business process automation.
Square is an American financial services and digital payments company based in San Francisco, California. The company was founded in 2009 by Jack Dorsey and Jim McKelvey and launched its first platform in 2010. It has been traded as a public company on the New York Stock Exchange since November 2015 with the ticker symbol SQ.
A card-not-present transaction is a payment card transaction made where the cardholder does not or cannot physically present the card for a merchant's visual examination at the time that an order is given and payment effected. It is most commonly used for payments made over Internet, but also mail-order transactions by mail or fax, or over the telephone.
Cantaloupe, Inc., previously known as USA Technologies Inc., is an American company known for its work with ePort cashless acceptance technology running on its patented ePort Connect service, a PCI compliant, comprehensive suite of services designed for the self serve, unattended market. ePort Connect wirelessly facilitates electronic payment options to consumers while providing operators with both telemetry and machine-to-machine (M2M) services. ePort technology is primarily found in vending machines, kiosks and point-of-sale (POS) terminals, but the ePort Online and ePort Mobile products have extended the network to accept recurring payments from a PC or retail outlets and the taxi industry through smartphone devices.
Chase Paymentech is the payment processing and merchant acquiring business of JPMorgan Chase. Paymentech payment platforms support businesses of all sizes to process payments, including credit, debit, and digital, alternative, and mobile payment options. Paymentech can authorize payment transactions in more than 130 currencies. The company also provides business analytics, payment fraud detection, and data security solutions.
Payanywhere is a payments platform that allows business owners in the United States to accept credit and debit card payments in-store, online, and on the go. Merchants may accept payments on their smartphone or tablet via a Bluetooth credit card reader, or on a Payanywhere Smart Solution. Payanywhere offers an app and credit card readers that are compatible with both Apple iOS and Android devices.
Cayan is a provider of payment technologies and merchant services, based in Boston, Massachusetts. The company enables payments in physical stores and mobile locations, as well as e-commerce.
Opayo, formerly Sage Pay, is a payments processing service owned by Elavon. It operates in the UK and Ireland. The company provides online payments processing as well as products for face-to-face and telephone payments. It was known by the name Sage Pay while under the ownership of The Sage Group plc between 2006 and 2020, when the payments company had also expanded to Germany, Spain, South Africa and the United States.
Global Payments Inc. is an American company providing financial technology services globally. Headquartered in Atlanta, its stock is a component of the S&P 500 stock market index.
TransNational Payments is a private independent sales organization (ISO) headquartered in Rosemont, Illinois. TransNational provides credit card processing and electronic payment solutions for small to medium-sized businesses across a variety of industries.
