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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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So you’re a high-risk merchant, now what?

Basis Theory

The card networks and payment gateways designate high-risk merchants as less safe than their normal clientele because of evidence like high chargeback rates (above 1%) or guilt by association—being in an industry associated with risk, like gambling, cannabis, and, surprisingly, e-commerce. Return to Top

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Computop Supports Wero Acquirers in Payment Processing

Fintech Finance

Computop , the leading German payment service provider, known for connecting large retail companies to international payment methods, is entering a new business area with payment processing for acquirers. This process is known as acquiring processing, and it is already used for credit card payments.

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Mastercard and Amazon Payment Services to Enable Digital Payment Acceptance Across Middle East and Africa

Fintech Finance

As part of the collaboration, the leading payment service provider (PSP) will adopt Mastercard Gateway – a single touchpoint for payment processing – as a payment solution available in 40 markets in the region.

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RYVYL to onboard customers to ACI Payments Orchestration platform

Finextra

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced a collaboration with RYVYL EU, a leading payments service provider (PSP) and acquirer in Central Eastern Europe (CEE), to help merchants across the region increase revenues through higher transaction conversion rates.

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PXP Financial Becomes a Google Pay Payment Service Provider

Fintech Finance

PXP Financial , the experts in payments, acquiring, fraud and data analysis services, today announces it has become a GooglePay Payment Service Provider (PSP). It boasts more than 150 million users worldwide and allows people to perform transactions without cash, making spending easy.

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Tink Unveils Risk Signals to Help Prevent Fraud and Reduce Settlement Risk

Finovate

Risk Signals leverages account, transaction, and payment data to help prevent fraud and lower settlement risk. Risk Signals leverages account, transaction, and payment data to help prevent fraud and lower settlement risk. Tink reports that firms such as payment service provider (PSP) Adyen are already using the solution.