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What is a Payment Processing System and How Does It Work?

Stax

Payment gateway – The service that encrypts and securely sends payment details from the customer to the payment processor and back to the merchant. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor.

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. The payment gateway collects and encrypts sensitive customer payment details and then securely sends them to the payment processor. Learn More What is a Payment Gateway?

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The Ultimate Guide to Ecommerce Payment Solutions

Stax

Theyre easy to integrate and set up, with the host taking care of data security measures, including PCI compliance and fraud protection. The details are then encrypted and transmitted to a third-party payment gateway for authorization. In other words, you must be capable of taking care of the arising security responsibilities.

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Essential Guide to Seamless CCaaS Implementation 

VISTA InfoSec

Integration: Integrating seamlessly with your existing CRM and other business tools is vital. Most businesses already have customer relationship management (CRM) software, workforce management tools, and communication technology systems in place. CCaaS aims to complement these systems, not replace them entirely.

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Essential Guide to Seamless CCaaS Implementation 

VISTA InfoSec

Integration: Integrating seamlessly with your existing CRM and other business tools is vital. Most businesses already have customer relationship management (CRM) software, workforce management tools, and communication technology systems in place. CCaaS aims to complement these systems, not replace them entirely.

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The Anatomy of a Credit Card Transaction

Clearly Payments

Merchant Sends Transaction Request : The merchant’s POS system or online payment gateway encrypts and transmits the transaction data to the acquiring bank or payment processor. Tokenization : Converts sensitive card data into a unique token, reducing the risk of data breaches. Final Confirmation 0.5

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The Top Payment Methods For Small Businesses

Stax

You also need a payment services provider that supports your chosen payment methods, but that providers platform must integrate seamlessly with your existing CRM, ERP, payroll, CMS, and accounting software systems. Its role is to encrypt and securely transfer your customers payment data to your payment processor.