Clearly Payments

NOVEMBER 13, 2024

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud.

Process 104

Process Processors Payments Compliance 104

Clearly Payments

MARCH 14, 2025

Merchant Sells goods/services and accepts credit card payments. Acquiring Bank The acquiring bank processes the transaction on behalf of the merchant. Payment Processor Facilitates communication between acquiring and issuing banks. Card Network Card networks route transactions between banks (e.g.,

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

Finextra

JULY 3, 2025

Scope of services you want to offer Do you want to offer microloans, savings schemes, cashbacks, or agency banking? Planning to integrate with banks, cards, and loyalty systems and provide smooth online payment flows? Look for features like transaction monitoring, biometric logins, and encrypted data.

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EBizCharge

MARCH 31, 2025

They act as holding accounts where funds from customer transactions are temporarily deposited before being transferred to the businesss primary bank account. Payment gateways: Payment gateways facilitate communication between merchants banks, card-issuing banks, and credit card networks to complete card transactions.

Service Provider 52

Service Provider MSPS Payment Gateways Online and Mobile Banking 52

Stax

AUGUST 29, 2024

The best PSP is the one that provides the right package of payment options for your customer base, adequate fraud detection & prevention tools, scalability, robust customer care services, and charges affordable processing fees. You can easily sign up for the services of a PSP because of the low barrier to entry.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

Payment Savvy

JULY 3, 2024

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

JULY 9, 2024

Digital payments incorporate robust security features to protect sensitive information and prevent fraud. Encryption techniques ensure that payment data is transmitted securely between parties, making it difficult for unauthorized individuals to intercept or access sensitive information. What makes mobile POS systems unique?

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163