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What to Know About Tokenization

Basis Theory

As a merchant, to understand tokenization for your own benefit, it’s critical to understand: What tokenization is, why it’s important for payments, and how it compares to encryption. As an additional layer of protection, these systems may encrypt the sensitive data so that it’s protected against unauthorized access.

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How Can Fintechs Ensure Traditional Financial Service Providers Place More Emphasis on Inclusivity?

The Fintech Times

Unlike traditional banks and financial service providers, which are often constrained by legacy systems and processes, fintechs are often more flexible – enabling them to quickly build solutions that better support underserved communities. Biometric smart cards work by attaching a persons card to their identity.

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Payment Gateway vs Payment Processor: What You Need to Know

Stax

No – requires a payment processor to complete transactions Yes – for in-person transactions; needs a gateway for CNP transactions Provided By Often bundled with eCommerce platforms (e.g., Shopify Payments, PayPal, Stripe) Often provided by banks or payment service providers (e.g.,

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Picking The Best Merchant Services Provider for your Sage Software

EBizCharge

When managing a business with Sage software, choosing the right merchant services provider (MSP) can significantly impact payment processing, cash flow management, and overall efficiency. With so many options available, its important to understand what sets a great merchant services provider apart. What is Sage software?

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The Complete Guide to Merchant Services for Small Business Owners

Stax

Merchant services help small businesses simplify payments, save money with transparent pricing, and secure transactions with fraud protection and PCI compliance. To choose a merchant service provider, compare pricing structures, review contract terms, check system compatibility, and prioritize responsive customer support.

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What is a Payment Processing System and How Does It Work?

Stax

Payment gateway – The service that encrypts and securely sends payment details from the customer to the payment processor and back to the merchant. Payment information is encrypted and sent for authorization – The payment gateway encrypts and sends the payment details to the payment processor.

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. The payment gateway collects and encrypts sensitive customer payment details and then securely sends them to the payment processor. Learn More What is a Payment Gateway?