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Credit Card Lingo Demystified!

BankBazaar

Confused by Credit Card jargon? This blog post is your saviour, translating complex Credit Card terminology into plain English. Dive in and learn to speak the language of Credit Cards – without getting lost in translation! Payment Due The date by which the payment must be received by the Credit Card issuer to avoid late fees.

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EMV 3DS: Closing the Card Present/Card Not Present Auth Rates Gap

PYMNTS

Selling an EMV 3DS (also referred to as 3DS 2.0) But Co-Founder and CEO Yitz Mendlowitz told Karen Webster in a recent conversation on 3-D Secure 2.0 Prior to COVID-19, we were telling people that over the next five years, remote-commerce, card-not-present transactions will exceed in-store, card-present transactions,” Mendlowitz said.

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New Apple OS Reportedly Has Payment Security Issues

PYMNTS

Two Apple iOS 13 users took to Reddit to share some payment security issues they faced when using the tech giant’s newest iteration of its operating system, according to reports. Today I decided to change my iTunes credit card. It read my card well, but then when I saved the card, someone else’s credit card was saved!

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Federal banking regulators issue statement on loan reference rates and advise prompt transition from LIBOR

CFPB Monitor

The Fed, FDIC, and OCC have issued a “ Statement on Reference Rates for Loans ” that addresses replacement rates for the London Inter-Bank Offered Rate (LIBOR). The agencies stress that banks should include fallback language that provides for the use of a “robust fallback rate” if the initial reference rate is discontinued.

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Got A Credit Card In Your Purse? Thank Ruth Bader Ginsburg

PYMNTS

Credit cards were rarely issued to women directly: A woman’s card was generally issued as a rider on her husband’s, and it was nearly impossible for women to secure cards and loans without male consignors. The ECOA changed this by specifically banning it.

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Mastercard: Why A Truly Connected Economy Needs A New Security Paradigm

PYMNTS

The IoT [ Internet of Things ] digital explosion is changing everything that happens around us,” Mastercard Executive Vice President of Security and Cyber Innovation Johan Gerber noted in a recent conversation with Karen Webster. Security is a big deal because vulnerabilities no one has ever even thought of will pop up.

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Deep Dive: How Gift Cards Become Grift Cards For QSRs

PYMNTS

Gift cards are a popular revenue stream for quick-service restaurants (QSRs), largely for the same reasons they are popular among retail businesses of all types: They bring in new customers, promote loyalty among existing customers and create additional revenues when customers exceed the value of their gift cards. billion in 2019.

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