PYMNTS

JUNE 8, 2018

To verify payment cards at the point of sale (POS), Mastercard is looking into blockchain technology. Through a two-way method, the system encodes an encrypted payment card image that is stored on the blockchain with a private and public key. In a filing with the U.S.

Blockchain 57

Blockchain Visa Verification Point-of-Sale (POS) 57

Stax

MAY 13, 2025

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.

Credit Cards 88

Credit Cards Payment APIs and Integration Processors Process 88

Stax

MARCH 27, 2025

Clients only need to swipe a card at your point-of-sale (POS) terminal or enter their bank account number into your website (Initiation). The Electronic Funds Transfer Act (EFTA) also requires added security features, such as multi-factor authentication, end-to-end encryption, and tokenization.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

PYMNTS

AUGUST 9, 2017

In 2013, Silicon Valley startup Clinkle raised $25 million in funding to build the point-of-sale (POS) system of the future using sound, but the company later changed trajectories, creating more of a Venmo-like product primarily aimed at college students. Innovators in South Korea, France, Israel and the U.K.,

Consumer 80

Consumer Point-of-Sale (POS) Chip Cards CHIPS 80

Clearly Payments

OCTOBER 3, 2024

Payment terminals, often referred to as point-of-sale (POS) terminals or credit card machines, are devices that enable businesses to accept electronic payments from customers. There is a difference between a payment terminal (credit card machine) and a POS. Annually, credit card transactions in the U.S. amount to $4.8

Credit Cards 105

Credit Cards Contactless Payments Payments Point-of-Sale (POS) 105

Stax

SEPTEMBER 17, 2024

Most payment gateways come with features like fraud detection and data encryption that are specifically geared towards keeping your customers’ payment information secure. When connected to a website or a point of sale (POS) system, the gateway processes the credit card’s keyed-in or physically-captured information safely and securely.

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Stax

APRIL 18, 2024

Visa, Mastercard): The intermediary networks facilitating transactions between acquiring and issuing banks. Payment Gateway: A service provider that facilitates communication between the merchant’s POS system and the acquiring bank’s payment processing system. Card Network (e.g.,

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Fintech Review

DECEMBER 3, 2024

Over time, card networks such as Visa and Mastercard expanded globally. Point-of-sale (POS) terminals became commonplace, allowing businesses to process payments seamlessly. Educating users about encryption and tokenisation can help address these concerns. Conversely, security concerns can deter adoption.

Payment Solutions 97

Payment Solutions Payments Contactless Payments Online and Mobile Banking 97

Stax

SEPTEMBER 17, 2024

These standards are set by card brands like Visa, Mastercard, Discover, and American Express to ensure sensitive payment data is securely processed , transmitted, and stored. Additionally, sensitive authentication data must never be stored after authorization, even if encrypted. What is PCI Compliance?

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

NOVEMBER 6, 2023

Thanks to these modern payment solutions, credit card, and debit card users can now complete their purchases without swiping or inserting their cards at the point of sale (POS) terminals. Mobile card readers are now supported by major credit card processors such as Visa, MasterCard, and American Express.

Mobile Payments 88

Mobile Payments Online and Mobile Banking Debit Card Payments 88

Clearly Payments

FEBRUARY 14, 2024

Card Associations (Credit Card Networks): Credit card networks like Visa and Mastercard govern the rules of credit and debit card transactions, facilitating the global movement of funds. However, ISOs are the primary channel of sales for all acquirers and payment processors. The global POS systems market is projected to reach $152.39

Payments 104

Payments Value Added Service BNPL Payment Gateways 104

Stax

NOVEMBER 21, 2024

The customer can make the credit payment physically by swipe, dip, or tap, depending on your point-of-sale (POS) system , which will capture the credit card details. The payment could also be made via digital means. It serves as a link between your website and your payment processor.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

PYMNTS

JUNE 4, 2018

Instead, the fingerprint populates a template that is hashed and encrypted on Touché’s database, and card information is tokenized. The device also only talks to their server, changing the encryption key each time the function is used. Mastercard. Touché is far from the only one working on payment methods like this.

Encryption 41

Encryption Point-of-Sale (POS) Visa Authentication 41

Clearly Payments

APRIL 3, 2024

The 20th century saw a revolution in payment methods, with the introduction of credit cards in the 1950s, the ATM in the 1960s, and electronic payment networks like Visa and Mastercard. Payment Gateway: The payment details are encrypted and sent to the payment gateway, which acts as a bridge between the merchant and the payment processor.

Process 59

Process Processors Online and Mobile Banking Payments 59

Payment Savvy

JULY 3, 2024

The cardholder swipes, dips, or taps their debit card at the merchant’s physical point of sale (POS) terminal. Once the card is swiped, tapped, or details entered, the merchant’s POS system or payment gateway captures the transaction details. This information is then sent securely to the acquiring bank.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

MARCH 14, 2024

Most B2C transactions are performed at the point of sale (POS), whether it’s eCommerce or in-store checkout, which lends them to faster payment methods like mobile payments more often than B2B transactions. That depends on the credit card brand, as companies like Visa, Mastercard, Amex have different requirements.

B2B 88

B2B Process B2C Credit Cards 88

Evolve Payment

MARCH 21, 2024

Gateways securely pass sensitive customer data from your website or point-of-sale (POS) system to your payment processor. Payment processors take the encrypted payment information from the gateway and exchange it with the card networks and banks. That’s where your merchant service provider steps in!

Process 52

Process Gateways Processors Credit Cards 52

Clearly Payments

DECEMBER 5, 2023

The 1980s brought about the widespread adoption of point-of-sale (POS) terminals , making it more convenient for merchants to accept credit card payments. The emergence of networks like Visa and Mastercard further standardized the credit card industry, establishing a framework for interoperability and widespread acceptance.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

PayHawk

APRIL 18, 2023

Encryption The process of encoding sensitive data to prevent unauthorized access. EMV Europay, Mastercard, and Visa, a set of global standards for payment card security and authentication. Point of Sale (POS) The physical location where a transaction takes place, such as a retail store or restaurant.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

CB Insights

JUNE 17, 2020

For example, Zoom has been criticized for critical vulnerabilities in its security protocols, including video calls being hacked, lack of end-to-end encryption, and in-app surveillance. Businesses that had not already incorporated contactless payment options into their point-of-sale (POS) systems prior to Covid-19 have moved to do so.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

Clearly Payments

MAY 9, 2025

With a vast infrastructure, Moneris services hundreds of thousands of businesses across Canada, offering everything from point-of-sale (POS) terminals to e-commerce integration, with strong banking relationships and deep compliance capabilities. Monthly fees, statement charges, and contract penalties are common.

Payment APIs and Integration 52

Payment APIs and Integration Payments Processors Online and Mobile Banking 52

Stax

OCTOBER 14, 2024

Ensure that the processor you choose can work seamlessly with your existing point-of-sale (POS) system, eCommerce platform, or accounting software. Beyond compliance, look for processors that offer advanced security features like tokenization and encryption, which add layers of protection to payment information.

Processors 88

Processors Small Business Payment APIs and Integration Payments 88