Payment Savvy

JULY 3, 2024

The cardholder swipes, dips, or taps their debit card at the merchant’s physical point of sale (POS) terminal. 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.

Debit Card 52

Debit Card Process PCI DSS Processors 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. Here’s a simplified overview of how it works: 1. This usually occurs within a few days.

Process 59

Process Processors Online and Mobile Banking Payments 59

EBizCharge

MAY 20, 2024

The saved card feature follows Payment Card Industry Data Security Standards (PCI DSS) to ensure data security while offering a convenient option for customers who prefer to use the same payment method for recurring transactions. Saved cards can facilitate smoother, faster payments and improve customer loyalty.

Process 52

Process PCI DSS Processors Payment APIs and Integration 52

Stax

SEPTEMBER 17, 2024

If you’re handling cardholder data, you’ll need to think about aspects such as payment processor partners, PCI DSS compliance, and point of sale transactions in addition to various payment methods as credit card transactions and general commerce continue to evolve. Card networks (like Visa, Mastercard, etc.)

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Stax

NOVEMBER 21, 2024

The customer can make the credit payment physically by swipe, dip, or tap, depending on your point-of-sale (POS) system , which will capture the credit card details. The payment could also be made via digital means.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Evolve Payment

MARCH 21, 2024

Between the alphabet soup of acronyms (PCI? Gateways securely pass sensitive customer data from your website or point-of-sale (POS) system to your payment processor. Issuing Banks & Acquiring Banks When your customer uses their credit card to pay you, two banks get involved: the issuing bank and the acquiring bank.

Process 52

Process Gateways Processors Credit Cards 52

Stax

DECEMBER 20, 2023

This could be a traditional credit card terminal, a point-of-sale (POS) system, or a mobile card reader that works with smartphones or tablets. Once approved, you will need to acquire the necessary hardware (like credit card terminals or mobile card readers) and software for processing transactions.

Credit Cards 88

Credit Cards Small Business Process Security 88

Clearly Payments

DECEMBER 5, 2023

This comprehensive guide aims to unravel the complexities and distinctions among three primary types of payment processors: Acquirers, Independent Sales Organizations (ISOs), and Aggregators. Acquirers or Acquiring Banks Acquirers, also known as acquiring banks , form the backbone of the payment processing ecosystem.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

PayHawk

APRIL 18, 2023

A Acquirer The financial institution that processes payments on behalf of merchants. Clearing The process of exchanging payment information between the card issuer and the acquirer to settle a transaction. Discount Rate The percentage of each transaction that the merchant must pay the acquirer for processing the transaction.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

EBizCharge

APRIL 25, 2024

Apply for a merchant account A merchant account is typically set up through a payment processor or acquiring bank. This account serves as an intermediary between the business and the payment processor or acquiring bank, facilitating the secure processing of credit and debit card transactions, among other forms of payment.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52