About Card Payments

In this section, you will find articles on various areas of the card payment industry.

A note of caution however: these articles were written over the course of a number of years, and were not updated for later developments.

PSD stands for Payment Services Directive. Unlike most regulations that people in the card payment industry are familiar with, these
When you are paying in a shop with a credit or debit card, you will be asked to insert your
There are 3 basic ways of getting paid, cash, paper (cheques, postal orders, etc.) and digital (direct debit, bank transfer,
The criteria you should use to decide on which payment methods are best for you are: 1. Markets 2. Type
Payment card processing (whether using a debit or credit card) is the process of reserving and taking funds from a
How long is an authorisation valid? If you make a card sale via a standard authorisation (called "final authorisation) you
Merchants should authorise and settle for exactly the same amount. If they do not know the exact amount, they should
An overview of the different participants in the payments process.  Merchants This is you. You must have a Merchant Services
What are the main deciding factors for choosing the right gateway for your business? Cost Overall transaction processing fees consist
Definitions Inter-regional Transaction A transaction where the Issuer of the card used is located in a different Visa/MasterCard Region to
This often gets neglected when setting up new payment systems. As a result your finance department often spends a considerable
What are chargebacks? It is a reversal or unpaid transaction in the card processing space that results in the removal
Superseding Visa’s Payment Application Best Practices (PABP), The Payment Card Industry Data Security Standard (PCI DSS) is a global set
NEVER keep all your customer’s Card Holder Data just because you can. The best practice is that you only keep