Clearly Payments

MARCH 14, 2025

It involves the following process: Cardholder Initiates Payment : The cardholder presents their card at the point-of-sale (POS) terminal , online checkout, or mobile payment system. Point-of-Sale (POS) Systems Hardware terminals that accept EMV chip, magnetic stripe , and contactless payments.

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

Stax

MARCH 27, 2025

Clients only need to swipe a card at your point-of-sale (POS) terminal or enter their bank account number into your website (Initiation). ACH payments are grouped and then processed in batches four times per business day by the National Automated Clearing House Association (NACHA).

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wires 88

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 payment gateway encrypts the data and securely transfers it to the card issuer for approval. Ensure your provider complies with these standards.

Credit Cards 105

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

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. It serves as a link between your website and your payment processor.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Stax

APRIL 18, 2024

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. At the end of the business day, the merchant batches all authorized transactions and submits them to the acquiring bank for settlement.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

EBizCharge

JUNE 3, 2024

The significance of EFT transfers lies in their ability to facilitate immediate access to funds on nearly any given business day. This immediate access is essential for both individuals and businesses to manage cash flows , make timely payments, and maintain financial stability. What is the Electronic Funds Transfer Act (EFTA)?

Funds Transfer 52

Funds Transfer Electronic Fund Transfer Act (EFTA) Electronic Funds Transfer (EFT) Wire Transfer 52

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.

Debit Card 52

Debit Card Process PCI DSS Processors 52