Remove Authorization Remove PCI DSS Remove Reconciliation
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Escrow and Trust Accounts in Legal Payment Processing

Clearly Payments

These accounts ensure money is kept separate and used only for the purposes authorized by the client. Controlled Transfers to Operating Accounts Move earned fees only when appropriate, reducing risk and simplifying reconciliation. Clearly Payments offers a modern, compliant alternative built specifically for professional services.

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The Anatomy of a Credit Card Transaction

Clearly Payments

It occurs in a matter of seconds but consists of multiple stages, from authorization to settlement. Stage 1: Authorization Authorization is the initial step where the transaction is approved or declined. Card Network Communicates with Issuer : The card network forwards the request to the issuing bank for authorization.

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Which Wallet Solution Matches Your Business Model: eWallet or Digital Wallet?

Finextra

You get built-in automation, reports, and reconciliation tools. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author. It expresses the views and opinions of the author. Choose smart.

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NetSuite Payments: Your Guide to Processing Credit Cards

EBizCharge

NetSuite automates key aspects of the payment process, including authorization, capture, and settlement, reducing manual effort and minimizing errors. Additionally, it includes security features such as tokenization, encryption, and fraud prevention tools to ensure compliance with Payment Card Industry Data Security Standards (PCI DSS).

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How to Prepare Your Bank for a Seamless Digital Payment System Shift

Finextra

External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author. It expresses the views and opinions of the author. So, choose a digital payment solution that helps you lead the change, not chase it.

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

Stax

It authorizes or declines payments based on available funds and fraud checks. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor. They require manual entry or separate reconciliation.

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Choosing the Right Payment Gateway for Your Specific Business Needs

My Payment Savvy

This tokenization keeps the sensitive card information off your servers, reducing the risk of a data breach and easing PCI DSS compliance. Authorization Response is Sent Back The bank’s approval or denial flows back through the card network and processor to the gateway. This decision is returned instantly.