Stax

NOVEMBER 21, 2024

We have broken down the process into three key steps below: Payment initiation This first step is triggered when your customer pays for your goods or services using a credit card. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.

Credit Cards

Stax

MARCH 11, 2025

Now that we have established all the players and platforms involved in the online card payment process, here is a high-level breakdown of the steps involved in the transfer of the funds from your customers bank account to your business bank account. Some payment gateways use tokenization to secure sensitive customer details.

Online Payment Processing

The Payments Association

OCTOBER 4, 2024

Key regulations such as the Payment Card Industry Data Security Standard (PCI DSS), General Data Protection Regulation (GDPR), and the revised Payment Services Directive (PSD2) and upcoming PSD3 in the European Union provide consumer confidence but give the industry a lot to think about.

Online and Mobile Banking

Stax

AUGUST 29, 2024

For example, the charges for a credit card payment online will be different from the charges for an in-person credit card payment. Also, the processing rates for a debit card payment will be different from the processing rates for an ACH transfer.

Payment Service Provider (PSP)