Your fact-checks will appear here
The process of validating and authorizing payment transactions
can sometimes pass common format-only credit‑card checks—regular-expression rules, issuer prefix (IIN/BIN) patterns, and the checksum—without being an actually . Passing those format tests does not pr...
do much more than check a card number’s format: after initial validation they build and route an authorization request through the acquirer, card network and issuer, where a sequence of technical, bus...
uses a layered verification system that combines automated checks, human review by its Trust & Safety team, and payment-processor identity and bank-verification steps to determine whether a fundraiser...
(also called BIN attacks or card testing) is an automated fraud tactic that repeatedly submits low-value authorizations against ranges of sharing the same to discover active cards; it is characterized...
operates as both a payment processor and a platform that routes transactions through other processors and acquirers: it builds and runs substantial in‑house infrastructure and services (including and ...
Memo genesis—the end-to-end process that creates, revises and issues formal memos such as credit/debit notes or manufacturing records—succeeds when every data point is uniquely identifiable, machine-c...
GoFundMe does not charge a platform fee for most personal campaigns, but each donation is subject to a payment processing (transaction) fee—commonly 2.9% plus $0.30 in the U.S.—which is deducted from ...