Remove Data Breach Remove Payment APIs and Integration Remove Payment Service Provider (PSP)
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The Ultimate Guide to Ecommerce Payment Solutions

Stax

But launching your eCommerce store is just half the equationaccepting payments efficiently and effectively is a whole different ball game. On the surface, it seems effortless, with customers only taking a few seconds to initiate and complete payments. The eCommerce payment solution infrastructure involves several key players.

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Credit Card Processing for Small Business: Everything You Need to Know

Stax

Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%.

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What Is A Payment Service Provider (PSP)?

Nanonets

​A payment service provider (PSP) is a company that provides online payments for e-commerce, similar to a credit card processor in a brick-and-mortar store. PSPs are usually used by merchants who sell online, although some may also provide services for offline sales as well.

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Know Your Customer (KYC): What It Is and How to Comply

Stax

That’s the amount of non-cash payments made in the U.S. That’s a lot of money being exchanged—and also provides a huge amount of possibility for financial crime. Of course, financial criminal activity doesn’t have to just lead to monetary loss—it could also lead to a data breach of customer information.

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AI Merchant Payment Processing: The Battle for a Secure Processor

Segpay

Yet, for all its transformative potential, AI companies struggle to partner with a secure payment service provider (PSP), because of regulatory concerns surrounding emerging technologies. This has implications for AIs integration in the financial ecosystem. Payment facilitators see this as a liability.