Remove Gateways Remove Payment Service Provider (PSP) Remove Processing Costs
article thumbnail

What is a Payment Service Provider (PSP) and How Do They Work?

Stax

The payment gateway connection will be responsible for transmitting your customer’s payment information between your own customer-facing platforms and your PSP and other relevant financial institutions. Basically, the difference between payment gateways and PSPs is the extent of tasks they complete.

article thumbnail

Deep Dive: How Payments Orchestration Can Drive ROI And Reduce Payments Processing Costs

PYMNTS

Covering the cost of payments processing is an unavoidable expense, but many businesses can find themselves paying more than necessary. Working with multiple PSPs through a payments orchestration layer can prove to be significantly beneficial.

article thumbnail

Finovate Global Hong Kong: Open Platforms, Web3, and New Opportunities for Octopus

Finovate

” Checkout.com launches Octopus in Hong Kong London-based Checkout.com is the first international payment services provider (PSP) to offer Octopus , the leading payment method in Hong Kong, as a payment option at checkout. With 98% penetration in a region with 7.5 The company has raised $1.8

article thumbnail

Omicron Media On Optimizing The Payments Process

PYMNTS

The trouble for businesses is that with this increase in digital transaction volumes comes the need to better manage payments processing. Omicron Media represents a wide network of services built through mergers and acquisitions. The company inherited various partnerships with gateways and PSPs as it grew its network.

Process 43