Remove EMV Remove Encryption Remove Payments
article thumbnail

Payment Gateway vs Payment Processor: What You Need to Know

Stax

Industry data shows that 70% of consumers say the availability of their preferred payment method is very or extremely influential when choosing an online store. A payment processor and payment gateway are both crucial components in transactions, as they enable the various ways that shoppers want to pay.

article thumbnail

Credit Card Payment Integration: How to Integrate Payments into Your Website and Point of Sale

Stax

Up to 42% of shoppers in the US abandon their cart if their favorite payment method isnt available. Meanwhile, retailers that provide at least three of the most popular payment methods in any market increase their conversions by up to 30%. Need to integrate payments? One way to do this is by offering credit card integrations.

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 Most Common Types of Contactless Payment Methods and How They Work

Stax

The desire for frictionless payments skyrocketed contactless transactions to 8.1 The system generates a one-time encrypted code for each transaction, preventing fraudsters from stealing payment data. This is why 90% of shoppers still prefer contactless payments post-pandemic. billion during the COVID-19 pandemic.

article thumbnail

DECTA: Improving Payment Acceptance Rates for Urbo Bank and Through New EMV 3DS Certification

The Fintech Times

It has been a busy first month of the year for the certified payment technology provider, DECTA as it announces a new partnership with Urbo Bank and achieves an EMV 3DS 2.3.1.1 To achieve this, a reliable payment processor is required to handle the entire card-issuing process. ” EMV 3DS 2.3.1.1 Certification.

EMV
article thumbnail

Everything You Need to Know About Credit Card Processing

Stax

And yet, accepting non-cash forms of payments is more or less required to operate a modern business, at least in the U.S. Credit, debit, and digital payments have far and away become the most popular payment method. Cash has dropped to less than 20% of all US payments in recent years.

article thumbnail

What are Mobile Payment Services and How Do You Select the Right One for Your Business?

Stax

Building loyalty as a business means meeting your customers where they are, especially where payment options are concerned. Thanks to smartphones and secure authentication, mobile payments continue to explode in usage. Mobile payment systems are revolutionizing how consumers pay for goods and services.

article thumbnail

The Anatomy of a Credit Card Transaction

Clearly Payments

credit card payments surpassed $10.6 Contactless payments continue their rapid adoption, projected to account for more than 60% of in-store purchases. From the cardholder to the merchant, and all the way through the financial institutions and payment processors, each participant brings something essential to the table.