Stax

NOVEMBER 14, 2024

They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks. Acquiring Bank: The business’ (i.e., merchant’s) bank.

Credit Cards

The Payments Association

MARCH 19, 2025

As digital wallets reshape finance and big tech challenges traditional banks, who will control the future of money? The partnership signals a potential shift in power, where platforms like X aim to rival traditional banks in how money moves and who controls financial access.

Digital Payments

My Payment Savvy

JUNE 16, 2025

A payment gateway processes credit card payments for both online and in-person transactions. It collects payment data, secures sensitive information, and connects all parties needed to move money from your customer’s bank to yours. For online retailers, this entire sequence must complete flawlessly during checkout.

Payment Gateways

Stax

JANUARY 28, 2025

Completing online payments via manual card entry can be time-consuming and off-putting for customers. Click to Pay completely removes the need to enter credit card information during online purchases, making it more convenient and faster than manual card entry. Learn More What is Click to Pay? It is also built to be super secure.

Payment APIs and Integration

EBizCharge

JUNE 12, 2025

Whether handling credit card transactions and mobile payments or ensuring compliance with banking regulations and data security standards, the right merchant account can streamline operations and reduce costs. Yet, many merchants struggle with high fees, limited integration, and fragmented tools that fail to meet their specific needs.

Process

Stax

JULY 9, 2024

We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. All you need to use a digital wallet is a smartphone.

Digital Payments

Clearly Payments

DECEMBER 3, 2023

List of Payment Gateways 2Checkout (now Verifone): Global payment platform for online and mobile commerce (International). Alipay: Third-party mobile and online payment platform (China). Apple Pay: Mobile payment and digital wallet service (International). Clearent: Credit card processing solutions (United States).

Payment Gateways

Stax

MARCH 18, 2025

Steps To Implementing Payment Tokenization In the SaaS Industry The global economy is shifting to digital currencies andtransactions. To keep the system of securing financial information and cardholder information safe, a multi-pronged approach to payment processing data security is imperative.

PCI DSS

Stax

AUGUST 29, 2024

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. The company also provides a card reader and mobile POS app for free. Read on to find out.

Payment Service Provider (PSP)

Fintech Finance

MAY 24, 2024

Velmie , a banking technology provider, is proud to announce its collaboration with Metro Cable – Sierra Leone’s premier provider of high-speed gigabit internet access – to launch Vult. The Vult Wallet enables users to make online transactions securely, pay bills, and shop at any visa-approved location.

Multi-Currency

Wharton Fintech

FEBRUARY 26, 2024

Next big acceleration was mobile, because suddenly you could be online all the time, and being online was always with you. We saw a progressive shift from people interacting physically to first, e-commerce: things coming online, people buying that way. Afterwards, you could fully move to things like e-commerce.

Visa

Segpay

MARCH 10, 2025

In the rapidly evolving world of online gaming, having a reliable and secure payment gateway is crucial for both gamers and gaming businesses. Understanding the Basics of Gaming Payment Gateways A gaming payment gateway is a technology that facilitates online transactions between players and gaming platforms.

Payment Gateways

Stax

JULY 9, 2024

EFT payments are transactions between the sender and receiver that transfer funds electronically from the sender’s bank account to the receiver’s. The EFT payment market is a multi-billion dollar industry, forecasted to reach over 100 billion by 2028. There are several EFT payment types that we’ll discuss in this post. Easy to use.

Electronic Fund Transfer Act (EFTA)

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. Mobile Payment Boom: The growing use of smartphones and tablets is boosting the adoption of mobile payment solutions like Apple Pay and Google Pay.

Process

Stax

JULY 2, 2024

Being cloud-based allows you to sync your bookkeeping app with your bank accounts and other business management tools to generate real-time financial reports. You will be able to view those reports and keep tabs on your business’ finances on-the-go using your provider’s mobile app. What are the Benefits of Having a Bookkeeping App?

Online and Mobile Banking

Stax

MARCH 14, 2024

Online and contactless adoption multiplied, and digital payments rose. Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses. Between 2019 and 2020, the number of U.S. What are the Most Common B2B Payment Methods?

B2B

Segpay

JUNE 25, 2024

Pay by Bank transactions – also known as Bank Transfers, A2A, or Direct Bank Payments – are cardless payment methods that allow customers to pay directly from their bank account to the merchant’s bank account through Open Banking.

Online and Mobile Banking

EBizCharge

AUGUST 8, 2024

From credit cards to alternative payment methods like mobile wallets, companies can cater to a global customer base with diverse payment preferences. Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data.

Processors

EBizCharge

SEPTEMBER 25, 2024

A customer payment portal is an online platform designed to facilitate customer payment processing. The primary purpose of an online payment portal is to provide customers with convenience and security while ensuring that merchants can efficiently process and track transactions.

Multi-Currency

PayHawk

APRIL 18, 2023

Automated Clearing House (ACH) An electronic network that enables the transfer of funds between bank accounts. B Bank Identification Number (BIN) The first six digits of a payment card number that identify the card issuer. Currency Conversion The process of converting the transaction amount from one currency to another.

Process

Nanonets

JULY 21, 2023

Acting as a centralized platform, it retrieves data from the general ledger and compares it with bank statements and invoices, facilitating accurate and swift account reconciliation. Compatible with both Windows and Mac computers, Xero also offers a mobile app for Apple iOS and Google Android devices. Sources: [link] [link] 2.

Reconciliation

PayHawk

JUNE 9, 2023

Merchant service providers work with acquiring banks and credit card companies to process transactions and transfer funds from the customer’s account to the merchant ‘s account. These features may include encryption, tokenization, and multi-factor authentication, as well as fraud detection and prevention tools.

Debit Card

Nanonets

AUGUST 13, 2023

  Key Features:   Automated Data Extraction: Dext Prepare allows users to upload various types of paperwork, such as receipts, invoices, and bank statements, through multiple methods like mobile app, email, or auto-invoice fetch. Set up an automated approval process in minutes. Create approval workflows with 0 errors.

Accounts

EBizCharge

MAY 15, 2024

Payment methods commonly used in B2B transactions include bank transfers, checks, electronic funds transfers (EFT) , credit cards, and increasingly digital payment platforms. Merchant accounts are essential for businesses in online commerce or retail environments where card payments are prevalent.

B2B

Nanonets

MARCH 30, 2023

The payment process using ACH transfers involves the payee creating a payment order which is received by the originator bank. The originator bank compiles all the POs and sends them to an ACH for processing. The ACH operator then approves and releases the PO amount to the recipient bank.

Automation

Nanonets

APRIL 29, 2024

Typically, credit card reconciliation begins with the collection of credit card statements from various sources, such as banks or financial institutions. It employs encryption, access controls, and audit trails to protect sensitive financial information. Cons: Limited customization options, occasional syncing issues with bank accounts.

Reconciliation

Nanonets

APRIL 16, 2023

It has a multi-fold impact on all business units and greatly contributes to a company’s profitability. Get Started Approval Process The best AP automation software runs an efficient approval process from approval prediction to multi-tier approval management. So, what exactly is AP automation ?

Automation

Nanonets

JUNE 29, 2023

Integration with NetSuite, Quickbooks Online, Xero, and Sage Intacct, Integration with Slack, allowing employees to receive alerts, handle requests, and obtain approvals directly within the Slack interface. Pros: Zero shot AI that can capture data from documents from day 1.

Payment APIs and Integration

Fintech Labs Insights

OCTOBER 3, 2016

Ranked as one of the top 10 most promising cloud banking solutions of 2015. Provided instant card-issuance technology to Bank of the Ozarks. Partnered with Trend Micro to bring better data encryption and authentication technology to businesses. Inked multi-year data aggregation deal with USAA. Currency Cloud ( FD15 ).

Payment APIs and Integration

Nanonets

FEBRUARY 28, 2024

02/04/24 Bank Loan - ABC Bank, Loan #987654 104 5000.00 Bank Reconciliation : Tools to match bank transactions with GL entries. Multi-Currency Support : Handling of transactions in multiple currencies. Mobile Access : Ability to access the GL system via mobile devices.

Automation

Fintech Labs Insights

JULY 18, 2023

Virtual cards that can be used for online purchases or one-time payments. Mobile app featuring real-time notifications, receipt scanning, and the ability to submit expense reports. Multi-currency support makes it easier to manage expenses in different countries. Customer support via email, phone, and live chat.

CRM

CB Insights

AUGUST 25, 2017

Bitcoin and other virtual currencies are made possible by what’s known as blockchain technology. From a macro perspective, banks serve as the global storehouses and transfer hubs of value. Some startups are looking to build blockchain technology into an IoT platform as well.

Blockchain

Fi911

APRIL 28, 2025

Payment gateways are an integral part of the digital economy, acting as the bridge between merchants and financial institutions to authorize online transactions. Compatibility issues with processors, banks, or evolving technologies created bottlenecks. Expansion often required extensive hardware upgrades, which delayed growth.

Payment Gateways

EBizCharge

FEBRUARY 19, 2025

Thankfully, merchants can sync reliable payment gateways into popular accounting or enterprise resource planning (ERP) systems like NetSuite to accelerate and improve online purchases while enhancing customer trust and security. This encryption protects sensitive payment information, such as credit card details, from unauthorized access.

Payment Gateways

Fintech News

APRIL 1, 2025

Imagine a world where you never have to step into a physical bank again. With the rapid rise of digital banking, millions are now managing their finances seamlessly from their smartphones. But with so many options available, which digital banks are truly leading the charge in 2025? What is a Digital Bank?

Online and Mobile Banking