article thumbnail

The Ultimate Guide to Online Payment Processing

Stax

Customers in this age of instant gratification always expect a smooth and seamless online payments experience. 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.

article thumbnail

Payment Gateway vs Payment Processor: What You Need to Know

Stax

Industry data shows that 70% of consumers say the availability of their preferred payment method is very or extremely influential when choosing an online store. A payment processor and payment gateway are both crucial components in transactions, as they enable the various ways that shoppers want to pay.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Encryption vs. Tokenization for Banking and Payment Professionals

Fi911

Data protection is a top priority in banking and payment systems, where sensitive information such as cardholder details and personal data are frequently exchanged. The rapid rise in cybercrime and data breaches makes robust security frameworks indispensable for financial institutions.

article thumbnail

All You Need to Know About Internet Credit Card Payment Processing

Stax

While brick-and-mortar retail isnt going away, todays customers value the convenience of shopping online. That means selling your products and services online allows you to better serve your customers (and reach new ones!) And how can you find a reliable payment processing solution for your business?

article thumbnail

Bank of America Puts $4billion Towards New Tech Initiatives as it Reflects on Success of AI

The Fintech Times

Artificial intelligence (AI) is helping organisations take their offerings to the next level, and reflecting on how it has done so over the last few years for itself, the US based financial institution, Bank of America has revealed that AI is now embedded across multiple business lines and areas including global technology, operations and training.

AI 59
article thumbnail

'Smart cities' need bank-driven payments data

Payments Source

Through transactions such as payments, banks have a trove of data that can be used to revolutionize how cities work. Forget about municipal governments.

article thumbnail

JPMorgan Forecasts Record Online Holiday Shopping Season

PYMNTS

Morgan Merchant Services’ combined in-store and eCommerce payments were up 15 percent over last year’s Black Friday weekend, “a sign that the pandemic did little to curtail spending as the holiday shopping season began,” Doug Smith, executive director of J.P. Morgan, said in a blog post on Friday (Dec.