Clearly Payments

DECEMBER 2, 2024

This involves using a physical point-of-sale (POS) terminal to process card payments. How It Works The customer swipes, inserts, or taps their card on the POS device. The terminal communicates with the card issuer to approve the payment. Pros Fast and secure transactions.

Credit Cards 105

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 105

PYMNTS

MARCH 4, 2019

For payments, the company lets users store the card information of regulars as well as payments on the user’s terms with the ability for a cancellation fee or full prepayment. Users can also receive deposits as soon as the next business day or instantly “for just an extra 1% per deposit.”

Point-of-Sale (POS) 60

Point-of-Sale (POS) Chip Cards Adjustments CHIPS 60

Stax

APRIL 18, 2024

The steps to process a credit card transaction Step 1: Authorization Request The process initiates when a customer presents their credit card for payment. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Payment Savvy

JULY 3, 2024

The cardholder swipes, dips, or taps their debit card at the merchant’s physical point of sale (POS) terminal. Online, they enter their debit card information (card number, expiration date, CVV code) directly on the merchant’s website or app.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

DECEMBER 10, 2024

Also called chip and signature cards, this action refers to the cardholder inserting a credit card or debit card into the chip reader machine. This method is used with EMV Chip cards, which are more secure than magstripe cards and considered a more modern payment card solution.

Credit Cards 88

Credit Cards Correspondent Debit Card CHIPS 88