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

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Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm. To accept electronic payment methods fast and securely, you need a payment gateway. But not every gateway is the best payment gateway for your business. Learn More What is a Payment Gateway?

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Everything You Need to Know About Credit Card Processing

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Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. TL;DR There are several parties involved in credit card processing. They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor.

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Payment Security: Everything You Need to Know About Secure Payments

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A secure payment gateway is one of the main ways merchants can protect their business and customers. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

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An Overview of the Payments Ecosystem in 2024

Clearly Payments

From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. The global payment gateway market is projected to reach $49.7 billion by 2027 , but must navigate security and regulatory challenges.

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Everything You Need to Know About PCI Compliance for Credit Card Processing

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Protect Stored Cardholder Data Organizations must protect stored cardholder data and other credit card information using encryption, masking, hashing, or other methods to make the data unreadable to unauthorized individuals. Additionally, sensitive authentication data must never be stored after authorization, even if encrypted.

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Merchant Processing Explained: What Happens Behind the Swipe?

Evolve Payment

More specifically, the OCC labels a merchant processing activity as: “the settlement of credit and debit card payment transactions by banks for merchants through various card associations.” Gateways securely pass sensitive customer data from your website or point-of-sale (POS) system to your payment processor.

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Best 2022 Guide to Credit Card Processing for Nonprofits

BNG Payments

In addition to online payments, if an organization wants to accept offline donations via credit cards, a merchant account is used alongside a hand-held credit card reader.  A card association is a group of banks that sets the terms for all credit card transactions.