Remove Encryption Remove Funds Transfer Remove PCI DSS
article thumbnail

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

Stax

Payment processing systems help merchants accept various types of payments, such as credit and debit cards, automated clearing house (ACH) , electronic funds transfers (EFTs), digital wallets, mobile payments, and even cryptocurrencies. Payment processor – The company managing the transaction process.

Process 88
article thumbnail

A Complete Guide to Securely Process Credit Cards in Sage 100

EBizCharge

Payment security A reliable Sage 100 payment processing solution will protect customer payment information by implementing robust security protocols and ensuring full compliance with Payment Card Industry Data Security Standards (PCI-DSS).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

NetSuite Payment Methods: The Collection Tools That Actually Work

EBizCharge

From credit card payments to electronic funds transfers, knowing which methods to implement can significantly impact a companys financial health. Electronic funds transfers (EFTs): Like ACH payments , EFTs are commonly used in NetSuite for their efficiency since they enable direct money transfers from one account to another.

article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. They must also follow regulations, such as the Electronic Fund Transfer Act , mandating fee disclosure for electronic transactions. Enter the PCI DSS compliance.

article thumbnail

How To Find the Best Payment Gateway for Your Business in 2025

EBizCharge

Overall, the payment gateway acts as a secure bridge that encrypts sensitive data, such as credit card details, to ensure the transaction is processed safely and efficiently. Strong encryption builds trust with customers and reduces the risk of data breaches. Fraud detection and prevention are critical features of a payment gateway.

article thumbnail

A Big List of Payment Gateways

Clearly Payments

Here are key factors to consider when evaluating and choosing a payment gateway: Security and Compliance Encryption: Ensure the payment gateway uses robust encryption protocols to protect sensitive data during transactions. Tokenization: Tokenization helps ensure your critical customer and credit card data is safe.

article thumbnail

What is an EFT Payment? Everything to Know About This Method of Payment

Stax

The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. TL;DR An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks. Relatively inexpensive.