Payment Savvy

NOVEMBER 11, 2020

That is the reason why payment gateways were created. How to Define a Payment Gateway. One can define a payment gateway as the technology capturing and transferring online payment data from the customer to the acquiring bank account. In essence, it is a payment highway.

Payment Gateways 52

Payment Gateways Gateways PCI DSS Credit Cards 52

Stax

AUGUST 29, 2024

PSPs offer joint merchant accounts and flat-rate processing fees that make them ideal solutions for small businesses that only process payments occasionally. PSPs don’t usually charge monthly fees for access to their payment gateway and instead derive their revenues from the processing fees they impose on each transaction.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

Stax

NOVEMBER 14, 2024

Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. Acquiring Bank: The business’ (i.e., merchant’s) bank.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Segpay

FEBRUARY 24, 2025

There seems to be a lot of misunderstanding about the differences between a Payment Gateway, a Payment Processor and a Payment Service Provider (PSP). In the fast-paced world of e-commerce, web merchants navigate a complex landscape of payment solutions. What is a Payment Gateway?

Payment Gateways 45

Payment Gateways Processors Gateways Payment Service Provider (PSP) 45

Stax

DECEMBER 9, 2024

Strengthen Fraud Prevention Measures Implement robust fraud detection and prevention systems to minimize the occurrence of fraudulent transactions. Use address verification, CVV checks, and fraud scoring models to identify potentially fraudulent orders. Most chargeback fees vary from $20-$100.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

Clearly Payments

FEBRUARY 14, 2024

In today’s global economy in 2024, the financial transactions has evolved into a dynamic ecosystem, where a multitude of players work together to facilitate fast and secure payment processing. The payment processing ecosystem is vast and multifaceted, with a staggering array of statistics underscoring its significance.

Payments 104

Payments Value Added Service ISOs BNPL 104

Clearly Payments

SEPTEMBER 13, 2024

A Payment Orchestrator is a service that enables businesses to manage and optimize their payment processing by connecting to multiple payment providers and processors through a single platform. Core Functions of a Payment Orchestrator Here we’ll cover the core functions that drive the core value of payment orchestrators.

Payment APIs and Integration 104

Payment APIs and Integration Multi-Currency Payments Gateways 104

Stax

DECEMBER 20, 2023

Additionally, optimizing your payment processing infrastructure and implementing measures to minimize chargebacks can have a significant impact on reducing interchange fees. To access full Discover interchange rates , you need to use a verification code provided by your acquirer. Regulated: 0.05% + $0.22 Regulated: 0.05% + $0.22

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

Stax

DECEMBER 27, 2023

A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. Once funds are verified, the card issuing bank will issue an approval code for the acquiring bank to transfer funds to the business’s merchant account.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

EBizCharge

MARCH 12, 2024

Online payment gateways: Online payment gateways act as intermediaries between merchants and financial institutions. When a customer purchases on a merchant’s website, the payment gateway securely collects and transmits the payment information to the payment processor or acquiring bank for authorization.

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

M2P Fintech

DECEMBER 17, 2024

Every online transaction involves four key parties: Merchant Customer Issuing bank (the customer’s bank) & Acquiring bank (the merchant’s bank) A robust system is essential for tracking and managing data effectively to enable seamless transactions among these parties.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Settlement 52

EBizCharge

AUGUST 8, 2024

Flexibility: The agility and adaptability of Salesforce payment integrations means businesses can choose from various payment gateways and options tailored to their specific requirements. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

EBizCharge

MAY 20, 2024

Decoding NetSuite payment terms When diving into NetSuite payment processing, it’s essential to familiarize yourself with common terms. Payment gateway: NetSuite payment gateways act as digital conduits connecting a merchant’s payment system to the payment processing network.

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

EBizCharge

MAY 15, 2024

As technology advances, digital payment solutions and automation tools are increasingly adopted to streamline B2B payment workflows and improve efficiency and transparency in transactions. Setting up a merchant account typically involves a partnership between the business, the acquiring bank, and a payment processor.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

Clearly Payments

APRIL 3, 2024

Transaction Initiation Customer Payment: The process begins when a customer makes a payment using a credit/debit card or other payment methods at a merchant’s point of sale (POS) system or online checkout. Visa, Mastercard). This usually occurs within a few days.

Process 59

Process Processors Online and Mobile Banking Payments 59

PYMNTS

JULY 31, 2018

“This collaboration will allow our industry partners to manage fraud more efficiently and process more forms of payment, ultimately creating a better purchasing experience for our customers worldwide.”. With it, travel companies will be able to identify fraud faster, more accurately and with less manual intervention.

Fraud Detection 41

Fraud Detection Payments Payment Gateways Gateways 41

Payment Savvy

JULY 3, 2024

Once the card is swiped, tapped, or details entered, the merchant’s POS system or payment gateway captures the transaction details. This information is then sent securely to the acquiring bank. This response is sent back through the card network to the acquiring bank, which then communicates the result to the merchant.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Accertify

JANUARY 16, 2024

Technology Leader in Fraud Prevention to Become Independent Entity Post-Closing MENLO PARK, Calif. 16, 2024 /PRNewswire/ — Accel-KKR, a technology-focused private equity firm, today announced that it has reached an agreement with American Express (NYSE: AXP ) to acquire Accertify, a wholly owned subsidiary. and ITASCA, Ill.,

Acquirers 40

Acquirers Fraud Prevention Advisors Fraud Detection 40

Stax

JANUARY 10, 2024

Interchange fees An interchange fee is paid by the merchant’s acquiring bank to the issuing bank every time a credit card transaction is made. Assessment fees An assessment fee is imposed by payment networks in exchange for processing credit card payments. Usually, interchange fees will range between 0.3-2% Statement fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Finovate

SEPTEMBER 20, 2024

A recent example of this was with Hungary’s OTP, which in June 2023 became the first international player to participate in the privatization of the Uzbek banking sector, acquiring former state-owned Ipoteka Bank. Nigerian fraud detection company Regfyl raised $1.1 Sub-Saharan Africa South African fintech Happy Pay locked in $1.8

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Seon

SEPTEMBER 11, 2023

Neobanks are common targets of ATO fraud due to the ease of access and lack of real-world infrastructure. Money laundering: Neobanks process transactions quickly through means such as payment gateways, the remote and digital nature of which can make them more susceptible to financial crime than traditional banking.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

EBizCharge

APRIL 25, 2024

To accomplish this, your company will need a merchant account and reliable software to provide convenient customer payment options and effectively manage funds. Apply for a merchant account A merchant account is typically set up through a payment processor or acquiring bank.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52

Fintech Labs Insights

JUNE 25, 2015

Payments risk & compliance management. Fraud detection. Payments gateway for online marketplaces. Tags: Payments, merchants, SMB, acquiring. Latest round: $12 million. Total raised: $15.2 Source: The Oregonian. HQ: Palo Alto, California. Latest round: $12 million. Total raised: $21.5 PromisePay.

FinTech 32

FinTech Cross-Border Payments Fraud Detection Cross-Border 32

Exact Payments

SEPTEMBER 25, 2023

Specifically, you will need to: Register with an acquiring bank Register with the card brands (Visa, Mastercard, American Express, Discover) Decide on a payment gateway (this is only relevant if you won’t be using or developing a proprietary payment gateway).

PCI DSS 52

PCI DSS OFAC Facilitators Payment Gateways 52

PayHawk

APRIL 18, 2023

A Acquirer The financial institution that processes payments on behalf of merchants. Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Echeck An electronic version of a paper check, used for online payments.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Clearly Payments

NOVEMBER 19, 2023

Interchange fees further contribute to the cost equation, representing charges paid by acquiring banks to issuing banks for processing credit card transactions. One of the key challenges lies in facilitating seamless and secure payment processes that accommodate various currencies, payment methods, and regional preferences.

Cross-Border 52

Cross-Border Cross-Border Payments Accounts Multi-Currency 52

Seon

JUNE 21, 2023

Physical credit card holders : Fraudsters may use stolen account details to apply for VCCs, potentially leading to false negative fraud checks when virtual card transactions are made. CNP fraud is itself a significant problem: According to Nilson, 68% of all losses experienced by merchants and acquirers are down to CNP fraud.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

Fintech Labs Insights

AUGUST 22, 2024

And many of those winners have gone on to become successful fintech companies or be acquired by one. Infocorp (acquired by Aquila Software): Enhancing banking experiences in emerging markets, recently added new AI features. Finzly: Raised $10M, launched payment orchestration layer, receiving positive feedback from banking clients.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15

Fintech Review

APRIL 8, 2025

In 2020, Stripe acquired Paystack, a fast-growing Nigerian payments startup. By acquiring Paystack, it gained a strong foothold in a high-growth region. In 2024, it integrated advanced AI capabilities to improve fraud detection and automate compliance checks. Stripe continues to innovate at the frontier.

Economy 97

Economy Payment APIs and Integration Online and Mobile Banking Payments 97

Fintech News

MARCH 23, 2025

Last Updated: 24 March 2025 A list of the current total valuation of the Fintech Unicorns in India in 2025 Payments PhonePE Founded in 2015 , PhonePe has become India’s largest UPI-based payment platform. It has since enabled seamless bank transfers, mobile recharges, bill payments, and digital insurance services.

FinTech 70

FinTech Push-to-Card Online and Mobile Banking Credit Cards 70