Remove ACH Network Remove Chip Cards Remove Encryption
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100+ Payment Industry Terms Explained in Plain English

Clearly Payments

Tokenization Replacing card data with a secure, unique token. Encryption Scrambling card data so it cant be read by anyone else. ACH (Automated Clearing House) The U.S. Same Day ACH A faster version of ACH that settles payments the same business day. 3D Secure An added layer of authentication (e.g.,

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10 Easy Ways to Collect Payments from Customers

EBizCharge

It also enhances security, as modern contactless payment options like digital wallets and chip cards are equipped with advanced encryption, protecting sensitive customer information from potential fraud. They’re also protected by strong encryption and authentication measures, offering peace of mind for secure transactions.