Remove Acquirers Remove Debit Card Remove Funds Transfer
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100+ Payment Industry Terms Explained in Plain English

Clearly Payments

The payment industry is packed with jargon that sounds like it was made to confuse youterms like interchange optimization, chargeback ratio, and merchant acquirer get thrown around like everyones supposed to know what they mean. General Terms Merchant A business that accepts credit or debit card payments. And thats okay.

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What Is Debit Card Processing & How Does It Work?

Payment Savvy

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Every merchant should prioritize taking the time to understand debit card processing to streamline operations and enhance customer satisfaction.

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

Stax

It ensures the secure transfer of funds from a customer to a merchant via their preferred payment method. A typical payment processing procedure involves multiple parties, including the merchant, customer, payment processor, payment gateway, issuing bank, acquiring bank, and card networks.

Process 88
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ACLEDA Bank and BPC Celebrate 10 years of Driving Next-generation Banking in Cambodia

Fintech Finance

BPC boosted its issuing and acquiring capabilities with SmartVista through modern card management and switching solutions, allowing ACLEDA to offer debit, credit and innovative virtual cards of international and local schemes quickly. Over the years, the bank greatly enhanced its ability to deliver digital innovations.

PCI DSS 94
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The Difference Between a Payment Acquirer, ISO, and PayFac

Clearly Payments

Navigating the realm of payment processing unveils three key players: acquirers, ISOs, and aggregators. Acquirers: The Foundation of Payment Networks At the heart of payment processing, acquirers, often referred to as acquiring banks , play a foundational role. ISOs are not just facilitators; they are business partners.

ISOs 59
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ACH vs. EFT Payments: What’s the Difference?

Payment Savvy

An EFT, or rather an Electronic Funds Transfer, is a type of digital payment between banks or banking institutions of a very broad description and is used by private individuals and businesses alike. Using your debit card to buy groceries or withdraw cash from an ATM is technically an EFT in the broader sense.

ACH 98
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Commercial Cards Gear Up For Corporate Travel’s Return

PYMNTS

United Arab Emirates-based bank Emirates Islamic , a unit of Emirates NBD, is rolling out debit cards for small- to medium-sized businesses (SMBs) in an effort to accelerate the ability for SMB owners to access capital and manage cash flow. Cardpay Acquired By Infibeam.