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TL;DR Credit card payment processing encompasses the series of activities that enable your small business to accept credit card payments from customers and facilitate the transfers of relevant funds from the buyer’s bank account to your business account. A paymentgateway or an eCommerce CMS like Shopify will suffice for you.
This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also gauging threats across many different channels. Fraud orchestration can help solve this issue as it allows banks to build holistic fraudprevention defense systems and gain 360-degree views of their customers.
But if you’re a B2B solution, there’s a high likelihood that businesses will be interested in being able to accept customer payments, rather than just sending them a PayPal link or to a generic paymentgateway. How do you add payment processing capabilities to your software? Data security and privacy.
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