This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm. Opt for gateways that support diverse payment options like credit/debit cards, digital wallets, and international payments to accommodate customer preferences. According to Forrester, 69% of adults in the U.S.
In a traditional setting, large banks (for example, Bank of America) that are members of credit cardassociations (Visa and Mastercard) handled all the payment processing services for merchants. Choose a partner that is PCIDSS compliant. Why is there a need for ISOs in the modern financial ecosystem?
Between the alphabet soup of acronyms (PCI? More specifically, the OCC labels a merchant processing activity as: “the settlement of credit and debit card payment transactions by banks for merchants through various cardassociations.” You’re not alone. Don’t get us started!),
Automated Clearing House (ACH) An electronic network that enables the transfer of funds between bank accounts. BIN Sponsorship A service provided by payment processors that enables merchants to accept payment cards from multiple card issuers. Cardholder The person who owns the payment card being used to make a purchase.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content