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What is a Payment Processing System and How Does It Work?

Stax

Its the underlying infrastructure of digital or electronic payments, ensuring money moves freely and securely via the payers preferred payment method to the merchants bank account. Cost structure All payment gateway providers charge transaction fees. Ideally, you want instant or same-day fund settlement.

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How Transforming Treasury Banks Helps Corporates Transform, Too

PYMNTS

The pandemic has spotlighted the inefficiencies among payers, receivers, chief financial officers (CFOs), financial institutions (FIs) and others that had been simply accepted as the cost of doing business in simpler, steadier times. Which means: We’re all exposed, sometimes, when the environment changes.

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Merchant-facing regulation: What merchants need to know in 2025

The Payments Association

These developments will impact merchant compliance, cost structures, customer experience, and operational risk. PSPs and acquirers will now transmit richer remittance information, structured payer/payee details, and standardised reference fields. Why is it important? What’s next?