Remove ACH Remove Encryption Remove PCI DSS
article thumbnail

Modernizing Government Payment Systems for Efficiency and Trust

Clearly Payments

Compliance Issues: Governments must adhere to strict regulations like PCI DSS, which can be difficult with aging systems. Stronger Security: Advanced encryption, tokenization , and fraud detection protect sensitive data and bolster public trust.

article thumbnail

Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm. Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. According to Forrester, 69% of adults in the U.S. This also applies to your customers.

article thumbnail

The Ultimate Guide to Ecommerce Payment Solutions

Stax

They can range from traditional payments, such as credit/debit cards and ACH payments , to modern alternative methods, such as digital wallets, mobile transactions, Buy Now Pay Later (BNPL), and cryptocurrency. The details are then encrypted and transmitted to a third-party payment gateway for authorization.

article thumbnail

What is a Payment Processing System and How Does It Work?

Stax

Payment processing systems help merchants accept various types of payments, such as credit and debit cards, automated clearing house (ACH) , electronic funds transfers (EFTs), digital wallets, mobile payments, and even cryptocurrencies. Payment processor – The company managing the transaction process.

Process 88
article thumbnail

The Ultimate Guide to Online Payment Processing

Stax

There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. The customer will input the required payment information on the page and then click Pay to authorize the transaction.

article thumbnail

NetSuite Payment Methods: The Collection Tools That Actually Work

EBizCharge

NetSuite can seamlessly integrate numerous payment methods like Automated Clearing House or ACH transfers, credit card payments, and other digital payment methods. Electronic funds transfers (EFTs): Like ACH payments , EFTs are commonly used in NetSuite for their efficiency since they enable direct money transfers from one account to another.

article thumbnail

Choosing the Right Payment Gateway for Your Specific Business Needs

My Payment Savvy

Most gateways accept credit and debit cards, but some also handle electronic payments through digital wallets, ACH direct debit, and alternative payment options. Data is Encrypted & Tokenized Immediately after submission, the payment gateway encrypts the card data and replaces it with a token—a random, one-time-use ID.