Remove Encryption Remove MSPS Remove PCI DSS
article thumbnail

Picking The Best Merchant Services Provider for your Sage Software

EBizCharge

MSPs work with financial institutions to ensure merchants can accept electronic payments smoothly. Here are some of the services MSPs offer: Payment processing: MSPs manage payment processing operations for businesses to process customer payments using various payment methods.

article thumbnail

What is a White-Label Payment Gateway?

Ikajo

Acting as a virtual bridge, it encrypts sensitive data, such as credit card details, and ensures its secure transmission for authorization and processing. The next step is to assess the vendor’s approach to data protection, encryption, and fraud prevention by ensuring they comply with the necessary security standards, such as PCI DSS.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Merchant Processing Explained: What Happens Behind the Swipe?

Evolve Payment

Between the alphabet soup of acronyms (PCI? Merchant Service Providers (MSPs) Your merchant service provider (MSP) is your dedicated point of contact for anything payment-related. Payment processors take the encrypted payment information from the gateway and exchange it with the card networks and banks.

Process 52
article thumbnail

What is Payment Facilitation as a Service or PayFac-as-a-Service?

Ikajo

For instance, ISOs, MSPs, embedded finance providers, cryptocurrency payment platforms, and others. Look into their payment fraud prevention measures, including data encryption, anti-fraud filters, and adherence to PCI DSS. This is particularly beneficial for FinTechs specializing in areas beyond payment facilitation.

article thumbnail

What is a Payment Processor?

Clearly Payments

Secure Socket Layer (SSL) encryption became a standard, ensuring the confidentiality of sensitive information during online transactions. ISOs (Independent Sales Organizations) or MSPs (Merchant Service Providers) ISOs, or Independent Sales Organizations , act as intermediaries between merchants and acquirers.