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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

Learn More Understanding Payment Service Providers (PSPs) A payment service provider helps businesses with the acceptance and processing of payments made via electronic payment methods, including credit cards, debit cards, digital wallets, ACH transfers, and payment apps.

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The Ultimate Guide to Ecommerce Payment Solutions

Stax

Payment processor – Handles the technical aspects of the payment. Its the third-party service that serves as the link between the payment gateway, acquiring bank, and issuing bank or card network. It works in tandem with the customers bank or credit card provider to verify and authorize the transaction.

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Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus

Finovate

Previously called “Cardlite,” the solution will enable BOCHK to enhance the customer experience with new offerings, including its multi-currency Mastercard debit card. ” BOCHK’s partnership with Worldline reflects the trend in the payments industry toward open platform solutions.

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Nium Expands Cross-Border Payments Platform to Serve Global Marketplaces

Fintech Finance

Nium , the global leader in real-time cross-border payments, today announced the expansion of its platform to serve the multi-trillion-dollar global marketplace opportunity. So far, Lemonway has processed almost $1 billion in payment volumes on behalf of its customers via the Nium platform.

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Payment Gateway, Processor & PSP: 3 Essential Payment Terms Every Business Should Know

Segpay

Last January, Segpay proudly announced that it has launched its new gateway payment platform: The Segpay Gateway can handle high volumes of merchant transactions in multiple currencies, keeping all data safe with the latest data security standards. What is a Payment Processor? What is a Payment Service Provider (PSP)?