Encryption Microtransactions Settlement 
PayHawk
APRIL 18, 2023
Dual Message System A payment processing system that sends two separate messages for each transaction, one for authorization and one for clearing and settlement. Encryption The process of encoding sensitive data to prevent unauthorized access. E E-commerce The buying and selling of goods and services over the internet.
The Payments Association
FEBRUARY 13, 2025
The emphasis on convenience, personalisation, and security influences consumer behaviour in the following ways: Spending habits : Mobile payments make microtransactions effortless, encouraging consumers to spend more frequently, especially everyday items. Transparent security measures further enhance reliability and confidence.
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