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How Micro-Services And AI Can Speed FIs’ March Toward Instant Payments

PYMNTS

“It is API-based, so we’re able to pass information and fine-tune the performance of individual services to ensure optimal outcome,” said Kilcoyne, avoiding any ripple effect that may interfere with smooth operational flows.

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

N Near Field Communication (NFC) A technology that enables wireless communication between devices in close proximity, commonly used for contactless payment transactions. O Online Payment System A system that enables merchants to accept electronic payments through a website or mobile application.