Clearly Payments

MARCH 14, 2025

Stage 2: Authentication and Security To prevent fraud, security measures are incorporated: EMV Chip Technology : EMV chips provide dynamic encryption for each transaction, making it harder to counterfeit cards. Authentication 0.5 – 2 seconds Verification of cardholder identity via EMV, biometrics, or token.

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

Clearly Payments

DECEMBER 2, 2024

Once approved, the funds are transferred to the business’s merchant account, typically within 1–3 business days (same day or next day with Clearly Payments ). Accepts contactless and EMV chip cards , which are more secure than magnetic stripes. Pros Fast and secure transactions.

Credit Cards 105

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 105

Payment Savvy

JULY 3, 2024

Clearing and Settlement At the end of a business day or a predetermined period, the merchant batches all approved transactions and submits them to the acquiring bank for settlement. PCI DSS Compliance This is the cornerstone of debit card security.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

APRIL 30, 2024

Security and Compliance in Merchant Processing Any business that accepts credit and debit card payments must be compliant with the Payment Card Industry Data Security Standards (PCI DSS). The PCI DSS contains twelve stringent requirements that protect both the merchant and the customer from data breaches and identity theft.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

PayHawk

APRIL 18, 2023

Batch A group of transactions that are processed together at the end of a business day. EMV Europay, Mastercard, and Visa, a set of global standards for payment card security and authentication. PCI DSS Payment Card Industry Data Security Standards, a set of security standards designed to protect payment card data.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52