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What is a BIN in Payment Processing

Clearly Payments

In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. Why is the BIN Important in Payments?

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The Ultimate Guide to Online Payment Processing

Stax

As a business owner, you must have a clear understanding of how online payments processing works to be able to create a hassle-free checkout process that will keep buyers coming back to your eCommerce store. Talk to sales How Online Payment Processing Works On the surface, online credit card processing happens in seconds.

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AI x Payments: From Fraud Detection to Hyperpersonalised Checkout

Finextra

Real-Time Fraud Detection: Defence at Machine Speed Traditional fraud systems rely on static rules and after-the-fact analysis. But fraud doesn’t wait, and neither can protection. Smart Checkout: Personalised, Predictive, Effortless Checkout is no longer a step in the process,it’s the moment of truth.

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

Stax

To address evolving customer demands and accept electronic payments, you need a payment processing system. A good system plays a vital role in managing cash flow, alleviating fraud risk, and enhancing customer satisfaction. This article dives into what a payment processing system is, how it works, and its benefits.

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Modernizing Government Payment Systems for Efficiency and Trust

Clearly Payments

Challenges in Government Payment Processing Government agencies manage a diverse range of payment types, including tax payments, permit fees, licensing, utility bills, and fines. Compliance Issues: Governments must adhere to strict regulations like PCI DSS, which can be difficult with aging systems.

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Credit Card Processing Rates: How Much Does It Cost to Process Payments in 2025?

Stax

For many small business owners, credit card processing fees may seem like a hefty price to pay for providing convenience to customers. Merchants paid a record $172 billion in payment processing fees in 2023. This figure may continue to climb as inflation rises and credit card networks boost their processing rates.

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The Ultimate Guide to Ecommerce Payment Solutions

Stax

Talk to sales Understanding Ecommerce Payment Solutions An eCommerce payment solution is the underlying infrastructure that allows eCommerce businesses to accept and process card and online payments seamlessly and securely. The customer is then sent back to the eCommerce site after the payment is processed.