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How are Interchange Fees Calculated?

Stax

In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.).

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What Are Virtual Terminals? A Guide for Businesses

EBizCharge

Virtual terminals are revolutionizing how companies manage transactions, eliminating the need for physical systems or point-of-sale (POS) systems. Secure payment processing: Data encryption ensures that credit card details and payment data are secure, reducing fraud risk.

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How ISV Partnerships and Integrations Can Drive Business Growth

Stax

For example, in fintech, ISVs provide specialized payment processing solutions that integrate with point-of-sale (POS) systems, enhancing transaction security and efficiency. Security & compliance Security is a top priority, especially when dealing with sensitive customer data. The Benefits of ISV Integrations 1.

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Would My Business Benefit From Using A Contactless Virtual Terminal?

Stax

Because the transaction takes place through a payment gateway that utilizes data encryption or tokenization to secure sensitive information during transmission, accepting payments using a virtual terminal from Stax (which is PCI compliant) is secure. Learn More What Is a Contactless Virtual Terminal?

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Understanding Payment Processing Costs in Acumatica and How You Can Save

EBizCharge

Gateway fees: Gateway fees are the fees merchants pay to use a payment gateway, which acts as a bridge between their website or point-of-sale (POS) system and the payment processor. These fees cover the cost of securely transmitting payment data, encrypting sensitive data, and authorizing transactions in real-time.

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What is a Payment Gateway and How Does It Work?

Stax

Most payment gateways come with features like fraud detection and data encryption that are specifically geared towards keeping your customers’ payment information secure. When connected to a website or a point of sale (POS) system, the gateway processes the credit card’s keyed-in or physically-captured information safely and securely.

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Future of Accounting: Emerging Trends & Technologies

FloQast

For example, cloud computing systems can integrate with customer relationship management (CRM) systems to sync customer data and streamline invoicing. You can help with cybersecurity and data privacy by: Familiarizing yourself with the language of cybersecurity and data governance to facilitate productive dialogue across the organization.