Remove Encryption Remove Fraud Detection Remove Point-of-Sale (POS)
article thumbnail

The Anatomy of a Credit Card Transaction

Clearly Payments

It involves the following process: Cardholder Initiates Payment : The cardholder presents their card at the point-of-sale (POS) terminal , online checkout, or mobile payment system. Fraud Detection Reports : Analyze suspicious transactions using AI-driven fraud detection systems.

article thumbnail

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

Stax

Payment gateway – The service that encrypts and securely sends payment details from the customer to the payment processor and back to the merchant. It links the merchants eCommerce store or point of sale (POS) system and the financial networks involved. Security is the core of any payment processing system.

Process 88
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Stax

TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. Implement SSL (Secure Sockets Layer) encryption to ensure secure data transmission between your website and payment gateway.

article thumbnail

Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. Its a digital evolution of the conventional point-of-sale (POS) terminal. A physical POS terminal requires customers to insert, swipe, or tap their cards on the machine.

article thumbnail

Credit Card Merchant Services: What to Look for (and What Most Businesses Miss)

Stax

These services enable you to process credit card payments online, in person, and on the go, and include everything from secure payment gateways to merchant accounts and point of sale (POS) systems. POS system – A combination of hardware and software that lets you accept in person payments and process sales on-site.

article thumbnail

The Different Ways a Business Can Accept Credit Cards

Clearly Payments

This involves using a physical point-of-sale (POS) terminal to process card payments. How It Works The customer swipes, inserts, or taps their card on the POS device. The payment gateway encrypts the data and securely transfers it to the card issuer for approval. Ensure your provider complies with these standards.

article thumbnail

Picking The Best Merchant Services Provider for your Sage Software

EBizCharge

Point-of-sale (POS) system: A POS system is a combination of hardware and software (physical or virtual terminals) that businesses use to accept transactions, manage sales, and track inventory.