O is for "Open Banking" (a newer term in the payment industry).Open Banking is transforming the way financial data is shared and used. At its core,...
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The Dispatch is a weekly newsletter highlighting recent stories and providing news updates on happenings within MAC. It comes out every Wednesday and is distributed to a subscriber list of more than 7,000 payment professionals.
N is for "Nacha", which stands for the National Automated Clearing House Association, the governing body that oversees the ACH (Automated Clearing...
Read PostThis is a good one: M is for "merchant"!A Merchant is any business or individual that accepts payments for goods or services. In the payments...
Read PostL is for "Liability".In the payments industry, Liability refers to who bears the financial and regulatory responsibility when something goes wrong -...
Read PostAPP Board of Directors' Elections Announcement for Directors and President-Elect As a leading association in the risk management domain, APP is at...
Read PostJ is for "Julie"! 😊 I want to take this opportunity to share my gratitude to all my payment industry colleagues who have supported and encouraged...
Read PostI is for Independent Sales Organization (ISO)!An ISO is a third-party entity that resells payment processing services on behalf of Acquirers. ISOs...
Read PostH is for "High Risk Merchants"!In the payments industry, not all merchants are created equal. Some are classified as High Risk Merchants - a...
Read PostG is for "Gateway".I started my career at an ISO who owned and managed a gateway and I consider myself fortunate because I got to learn so much...
Read PostF is for "Fraud"!Fraud is one of the most persistent and evolving challenges in the payments industry. It refers to any unauthorized or deceptive...
Read PostE stands for "EMV®".By the way, because of it's meaning, it is supposed to be used as an adjective not as a noun! Essentially, if you say the...
Read PostD is for Disputes. This term as evolved over the years and each card network has its own terminology for them.For example, the part of the...
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