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

Clearly Payments

Prepaid Card A card loaded with a specific amount of money. Gift Card A prepaid card often used at a specific retailer. ACH Bank-to-bank transfers, like direct deposit or bill pay. EFT (Electronic Funds Transfer) Same as ACH, used more often in Canada. businesses and freelancers.

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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.