Stax

JULY 9, 2024

The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. What makes contactless payments unique?

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

Clearly Payments

MARCH 22, 2024

Consumers, increasingly tech-savvy and seeking convenience, have readily embraced the swift and seamless nature of mobile payments over traditional methods. 51% of smartphone users in the USA have engaged in contactless payments at least once in 2023. smartphone users had engaged in contactless payments at least once in 2023.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

EBizCharge

JANUARY 14, 2025

Overall, the payment gateway acts as a secure bridge that encrypts sensitive data, such as credit card details, to ensure the transaction is processed safely and efficiently. Strong encryption builds trust with customers and reduces the risk of data breaches.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 52

Stax

JANUARY 28, 2025

For businesses using a subscription-based sales model, Click to Pay supports recurring payments and your customers will be able to easily authorize recurring charges using their stored card information. Your testing should check for security compliance, technical performance, and mobile responsiveness.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

Stax

NOVEMBER 6, 2023

There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. In this article, we’ll take a closer look at what data tokenization means, how it works, and the role it plays in payment processing. The resulting token is essentially a proxy and has no real value.

Encryption 88

Encryption PCI DSS Data Security Origination 88

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 ). 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.

Credit Cards 105

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

The Fintech Times

APRIL 8, 2024

SUNRATE , a Singapore-based payment and treasury management platform, is bringing Apple Pay to its customers, offering a safer, more secure and private way to pay, and using the iPhone’s power to protect each transaction. Now, SUNRATE customers can use an iPhone or Apple Watch at payment terminals to make contactless payments.

Credit Cards 59

Credit Cards PCI DSS Commercial Card Treasury Management 59

Fintech Finance

APRIL 8, 2024

. “More and more businesses seek out for the same degree of convenience and security that they enjoy in their everyday personal transactions – therefore, even though we are known to be a global B2B payment platform, we’re thrilled to bring Apple Pay to our customers,” said Qincheng Wang, Head of Product, SUNRATE.

Credit Cards 52

Credit Cards PCI DSS Commercial Card Contactless Payments 52

Stax

JULY 9, 2024

Traditional payment methods, such as mailing checks, can take several days to process, whereas EFT payments are swift and can be completed within minutes. EFT payments offer a high level of security compared to traditional payment methods. EFT payments are a cost-effective solution for both businesses and consumers.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

EBizCharge

JULY 24, 2024

P2P payment systems encrypt sensitive data, maintaining privacy and reducing the risk of fraud. These can include encryption, monitoring systems to detect suspicious activity, and user education on best practices to safeguard their accounts. Digital payments rely heavily on these protective measures to safeguard peer payments.

P2P 52

P2P PCI DSS Encryption Fraud Prevention 52

Payment Savvy

JULY 3, 2024

Contactless Payments : Using NFC (Near Field Communication) and RFID (Radio Frequency Identification) for debit card transactions. Encryption protects data during transmission between the merchant, acquiring bank, card network, and issuing bank, so even if the data is intercepted, it remains indecipherable to unauthorized parties.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Clearly Payments

APRIL 3, 2024

Payment Processing Market Size and Trends The landscape of payment methods is witnessing a transformative shift, with a noticeable decline in cash transactions and a surge in digital payment solutions such as digital wallets and contactless payments. Visa, Mastercard).

Process 59

Process Processors Online and Mobile Banking Payments 59

Stax

JULY 25, 2024

Payment processing – Payment processing integration with your POS system is important since customers are increasingly using contactless payments. Your POS system can either offer built-in payment processing or allow integration with third-party payment processing systems.

Small Business 88

Small Business PCI DSS CRM Online and Mobile Banking 88

EBizCharge

APRIL 25, 2024

Merchant accounts provide a secure channel for handling sensitive financial information, such as cardholder data, in compliance with industry standards like the Payment Card Industry Data Security Standard (PCI DSS). Contactless payments are also highly secure.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52

The Fintech Times

MARCH 6, 2024

For instance, Payment Card Industry (PCI) 4.0, We are committed to improving payment security and implementing internal controls, policies, and processes to ensure the security and encryption of transaction data, whether it involves wallet transactions or sharing transaction data to combat fraud.

Digital Payments 64

Digital Payments Innovation Security Issuers 64

Stax

JANUARY 3, 2024

Payment processing options An mPOS system should support various payment options to accommodate customer preferences. Traditional methods like cash and credit cards/debit cards are a must-have, as are digital wallets and contactless payments such as Apple Pay for iOS and Android’s Google Pay.

Small Business 88

Small Business PayPal CRM Transactions 88

EBizCharge

JULY 2, 2024

This article will explore ten straightforward methods for collecting payments from customers, highlighting the benefits and practical applications of each. The importance of seamless payment collections A seamless payment collection process is crucial for businesses as it ensures efficiency and customer satisfaction.

Contactless Payments 52

Contactless Payments Payments Disputes Online and Mobile Banking 52

Stax

APRIL 18, 2024

Ensure that your chosen payment processing solution complies with industry standards and regulations, such as the Payment Card Industry Data Security Standard (PCI DSS) and takes EMV chip cards. This technology is also available for Apple Watch users.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Mobile Payments 88

PayHawk

APRIL 18, 2023

Encryption The process of encoding sensitive data to prevent unauthorized access. Echeck An electronic version of a paper check, used for online payments. EMV Europay, Mastercard, and Visa, a set of global standards for payment card security and authentication.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Clearly Payments

DECEMBER 5, 2023

Secure Socket Layer (SSL) encryption became a standard, ensuring the confidentiality of sensitive information during online transactions. Smartphones equipped with card readers enabled small businesses and individual entrepreneurs to accept card payments on the go.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

Stax

MARCH 14, 2024

consumers using two or more types of digital payment methods increased by 8%. Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses. Industry data shows that the B2B payments landscape is rather diverse.

B2B 88

B2B Process B2C Credit Cards 88

Clearly Payments

MAY 6, 2025

A digital wallet is an electronic version of a physical wallet that securely stores payment informationlike credit cards, debit cards, and even cryptocurrencies. Digital wallets can be used on smartphones, tablets, or desktops and enable quick, contactless payments both in-person and online.

Payment APIs and Integration 71

Payment APIs and Integration PCI DSS Processors PayPal 71