TL;DR Summary The Problem: CFOs and Ops Managers are often sold on "safe" debit-only payment processing, viewing it as a risk-mitigation tactic. The Financial Impact: This strategy is anything but...
MCC 7322: FAQ’S Q. Do I really need a 7322 MID? A. Yes. If you are a debt collection agency, Visa requires you to process certain transactions under MCC 7322. Visa created this Merchant Category...
For healthcare providers, the focus should always be on patient care. Yet, the complexities of payment processing, from managing diverse payment methods to navigating stringent compliance...
In today's fast-paced business environment, efficiency is king. Many businesses find themselves juggling disparate systems for payment processing, accounting, and customer relationship management...
Navigating the labyrinth of payment processing regulations can be one of the most challenging aspects for debt collection agencies. With heightened scrutiny from regulatory bodies and card brands,...
For collection agencies, optimizing payment processing isn't just about efficiency; it's a critical lever for maximizing return on investment (ROI) and navigating an increasingly complex regulatory...
Are you a collection agency, operating under the tight scrutiny of MCC 7322, constantly looking for a payment processing solution that offers both security and efficiency, while keeping you firmly...
The CBD Retailers market is booming, offering incredible opportunities for entrepreneurs. However, navigating the financial side of the business can feel like traversing a minefield. Many CBD...
Visa’s Acquirer Monitoring Program (VAMP) plays a vital role in maintaining the integrity of the payment system, offering a structured way to monitor transactions, prevent fraud, and ensure...
March Madness isn’t just about buzzer-beaters, Cinderella stories, and heart-stopping upsets—it’s also a massive money machine. From the moment the first bracket is busted to the confetti drop at...
If you conduct a significant portion of your business in New Jersey or New York, you might have noticed recent changes Payscout made to the convenience fee amounts. Here’s a detailed explanation of...
In the dynamic world of ecommerce, where transactions happen in a click and security is paramount, selecting the right payment gateway is key to laying a sturdy foundation for your online business....
(Los Angeles, CA) - Payscout, a leading payment processing provider, proudly announces the roll-out of its ApplePay Merchant Mass Enablement using the innovative Apple Pay Web Merchant Registration...
In the evolving landscape of digital transactions, the Payment Card Industry Data Security Standard (PCI DSS) plays a pivotal role in safeguarding sensitive cardholder information. As technology...
In a world where technology is advancing at lightning speed and the landscape of cyber security and legal policies is constantly shifting, compliance in the collections space is more vital than...
Finding the Perfect Processing Partner and choosing the right payment processing platform for your business doesn’t have to be overwhelming—though we know it can feel that way! With so many options...
LOS ANGELES, CA (September 27, 2022) – Payscout, a global payment innovation leader with solutions for vertical-specific industries such as Accounts Receivable Management (ARM), Healthcare,...
Do we Know the Real Numbers: According to the Consumer Financial Protection Bureau (CFPB), nearly $90 billion in medical debt appeared on consumer credit reports in 2021. Considering that not all...
LOS ANGELES, CA (July 12, 2022) – Payscout, a global payment innovation leader with solutions for vertical-specific industries such as Accounts Receivable...
Our client, Johns Hopkins Health System (JHHS), is one of the largest and most diverse healthcare systems in the United States. For more than 100 years, they have been providing elite medical care...
Interchange Fees make up the largest portion of a merchant’s payment processing costs. But here’s the catch: most merchants don’t really know what they are, how they work, or where that money’s...
LOS ANGELES, CA (February 7, 2022) – Payscout, a global payment innovation leader with specialized processing solutions for vertical-specific industries such as Accounts Receivable Management...
Fire up your favorite search engine and enter “Payment Processing Company.” Google will often return “About 1,000,000,000 results” — in less than one second! No kidding; just try it. The...
Payscout, a global payment innovation leader with specialized processing solutions for vertical-specific industries such as Accounts Receivable Management (ARM), Healthcare, Education, and...
Consumers and Compliance: Things Are About to Change CFPB. FDCPA. ARM. ROI. DBA. The list of acronyms in the collection industry is endless. And while not officially an acronym, we have a new...
Payscout, a global payment innovation leader with specialized processing solutions for vertical-specific industries such as Accounts Receivable Management (ARM), Healthcare, Education, and...
MerchantE, a leading end-to-end digital commerce platform, now offers UnionPay SecurePlus powered by Payscout, opening trillions of dollars in spending by billions of global consumers to U.S....
In the payments industry, there always seem to be a number of payment processors engaging in dishonest business practices, which can lead to merchants being misled and deceived if they are unaware...
If you’ve ever looked at your payment processing statement and wondered, “What exactly are these interchange fees?” — you’re not alone. They make up the largest portion of your processing costs, yet...
TL;DR: The Consumer Financial Protection Bureau (CFPB) fined Nissan Motor Acceptance Corp. (NMAC) $5 million for unfair, deceptive, and abusive acts and practices (UDAAP) related to non-compliant...