Remove CHIPS Remove Payment Gateways Remove PCI DSS
article thumbnail

All You Need to Know About Internet Credit Card Payment Processing

Stax

To accept online payments, you need a payment processor and payment gateway. The payment processor is a financial institution that handles transactions between the two banks. How Can Internet Card Payment Processing Help My Business? Together, these three parties facilitate the online payments process.

article thumbnail

The Anatomy of a Credit Card Transaction

Clearly Payments

Payment Processor Facilitates communication between acquiring and issuing banks. Payment Gateway Secures transaction data and transmits it to the payment processor. Payment Rails Operator Manages infrastructure for card networks (VisaNet, Mastercard Network, etc.). Visa, Mastercard). Final Confirmation 0.5

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Different Ways a Business Can Accept Credit Cards

Clearly Payments

Contactless payments , such as tap-to-pay, grew by 25% year-over-year in 2023 , making up a significant portion of in-store card transactions. Accepts contactless and EMV chip cards , which are more secure than magnetic stripes. This method uses payment gateways integrated with websites to facilitate transactions.

article thumbnail

Everything You Need to Know About Secure Payment Processing Systems

Stax

Secure payment systems are easy to implement, as you use your payment processor to create a secure payment gateway. By combining a secure payment system with secure payment habits like not collecting excess data from customers, you’ll go a long way in safeguarding your business against fraud.

article thumbnail

What Is Debit Card Processing & How Does It Work?

Payment Savvy

Once the card is swiped, tapped, or details entered, the merchant’s POS system or payment gateway captures the transaction details. EMV Chip Technology EMV (Europay, Mastercard, and Visa) chips generate unique, one-time codes for each transaction, making it much harder for fraudsters to clone or counterfeit debit cards.

article thumbnail

How to Mitigate Credit Card Payment Risks 

BNG Payments

Ensure Your Business is PCI Compliant You've probably already heard a lot about the Payment Card Industry Data Security Standard (PCI DSS), commonly known as PCI. In short, all companies that process, store or transmit credit card information must comply with the PCI DSS. If not, inquire why.

article thumbnail

Mobile Credit Card Processing Explained: What Business Owners Need to Know

Stax

This technology enables merchants to conduct transactions on the go, typically with both mobile wallet solutions like iOS’ Apple Pay, as well as tap-to-pay, magstripe, and chip cards like American Express, Visa, and Mastercard. This is facilitated through mobile apps or attachments that can accept credit card swipes, taps, or chip inserts.