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

Stax

Its the underlying infrastructure of digital or electronic payments, ensuring money moves freely and securely via the payers preferred payment method to the merchants bank account. Security is the core of any payment processing system. Do you process international payments?

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How To Find the Best Payment Gateway for Your Business in 2025

EBizCharge

Local bank integration Local bank integration connects your site directly to banks for processing payments, which typically suits businesses targeting local customers who prefer bank transfers. It also supports international payments and transactions. Do payment gateways require special technical skills?

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Geoswift Integrates Visa Direct to Expand Cross-Border Payout Capabilities

Fintech News

Geoswift, a Canada-based cross-border payment services provider, has announced the integration of Visa Direct into its international payments platform. Visa Direct enables fund transfers to over 140 countries and territories.

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TransferWise On The Faster Future Of Cross-Border Payments

PYMNTS

The traditional correspondent banking network is one major speedbump that stops financial institutions (FIs) from providing speedy, inexpensive, cross-currency and cross-border transfers, Lembo explained, but financial services providers can adopt new technology and approaches to safely streamline these transactions.

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iBanFirst Debuts Payment Tracker For B2B Transactions Visibility

PYMNTS

Global financial services provider iBanFirst has launched a Payment Tracker that will offer transparent, real-time tracking services, according to a press release emailed to PYMNTS.

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What Is an EFT Payment?

Payment Savvy

In this article, we will answer the question of what an EFT payment is, and we’ll also discuss the different types of ETF payments, the benefits of using EFT payments, and the risks associated with this type of payment. EFT Definition: What Is EFT Payment? History of EFT Payments. Direct Deposit.

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Finovate Global Philippines: Mynt’s Millions and Opening the Door for More Digital Banks

Finovate

Flutterwave secured a payment service provider license from the Bank of Ghana. Beginning on September 4th, banks in South Africa will suspend electronic fund transfer (EFT) services to Namibia, eSwatini, and Lesotho as part of a payments reclassification to help prevent financial crime.