The point-of-sale (POS) hardware industry has long been dominated by traditional terminals and cash registers, which have served as the backbone of retail transactions. However, as technology advances, the landscape of retail payments is undergoing a transformative shift.[…]

Introduction Money laundering is a global threat that undermines the integrity of financial systems and fuels criminal activities. Combatting this illicit practice requires robust Anti-Money Laundering (AML) measures, which include regulatory frameworks, advanced technology, and vigilant monitoring. Flux[…]

Introduction In our previous articles, we delved into the roles of acquirers, payment processors, Issuers and Card Networks within the payment ecosystem. You may now wonder where Flux Payments sits in this complex industry. As a Payment Service[…]

Introduction Building off the previous blogs on issuers and card networks, acquirers and payment processors play pivotal roles in the intricate web of the payment ecosystem. They ensure that transactions between consumers and merchants are executed smoothly and[…]

In the complex world of financial transactions, card networks play an integral role in facilitating the seamless movement of money between consumers, merchants, and banks. These networks are the backbone of modern payment systems, enabling billions of transactions[…]

In the intricate world of banking and finance, numerous entities work in tandem to ensure the smooth operation of financial transactions. One such critical entity is the issuer. Despite its pivotal role in the financial ecosystem, the concept[…]

Merchant Category Codes (MCCs) play a crucial role in the financial and payment processing industry. These four-digit codes are used to classify businesses by the type of goods or services they provide. Understanding MCCs is essential for businesses,[…]

Credit cards have become an indispensable part of modern commerce, providing convenience for consumers and businesses alike. At the heart of this system lies the intricate interplay between issuing banks, interchange rates, and merchant transactions. This blog delves[…]

Introduction In the complex world of finance and commerce, the concept of the issuer interchange rate often gets misunderstood or overlooked by businesses and consumers alike. Essentially, this fee is a small percentage of each transaction that merchants[…]

Introduction In today’s digital age, credit cards are an integral part of financial transactions, offering convenience, security, and a line of credit for various purchases. As online shopping and digital payments rise, understanding the details of your credit[…]