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Payment Gateway vs Payment Processor: What You Need to Know

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Shopify Payments, PayPal, Stripe) Often provided by banks or payment service providers (e.g., The gateway ensures that all data entered—such as the cardholder’s credit card information—is securely encrypted and then routed accordingly.

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The Most Common Types of Contactless Payment Methods and How They Work

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The system generates a one-time encrypted code for each transaction, preventing fraudsters from stealing payment data. These 7 contactless payment methods come with built-in security features like encryption, tokenization, and proximity-based protection. PayPal, Venmo, and Alipay). Static QR codes.

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

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Contactless payments using Near Field Communication (NFC) employ tactics such as secure encryption and fingerprint authentication to initiate transactions, which minimizes the risk of fraud. Card numbers and other payment information are securely encrypted to prevent theft, in the case of the loss of a device.

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The Ultimate Guide to Online Payment Processing

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Encryption and transfer of payment information The payment gateway that underpins your checkout page will now encrypt the customers payment details as stipulated by industry data security regulations like PCI DSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.

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Venmo: The Social Side of Fintech

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Venmo is more than just a way to split dinner bills. Known for blending digital payments with social interaction, Venmo introduced a new way to think about money. In 2025, Venmo remains one of the most recognisable fintech brands in the United States. Venmos Beginnings Venmo launched in 2009 as a way to send payments via SMS.

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Uber Eats Now Supports Apple Pay

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Uber also introduced Venmo as a payment option in 2018, after noticing that six million payments in the popular app were marked “Uber” in the previous year. Uber noted Venmo was a popular service for friends who wanted to split the cost of a meal or a ride. Uber also accepts credit and debit cards, as well as PayPal.

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Payment Security: Everything You Need to Know About Secure Payments

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It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. NFC payments, including digital wallets, are very secure, relying on encryption to mask the card number, further protecting cardholder information.

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