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Glossary: 117 software-led payments terms to know

Payrix

Do you find yourself listening to industry leaders and colleagues use terms like PayFac, PCI DSS, and tokenization and casually scratching your head in confusion? This blog post is your ultimate guide to understanding the most used payments terms today. Youve come to the right place. Visa, Mastercard, American Express, etc.).

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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

In this article, we’ll dive into the intricacies of two types of players in the eCommerce ecosystem: payment gateways and payment facilitators. The high-level difference is when and how to deploy them as part of the payment process. A PayFac, by contrast, handles the bank’s interaction with a number of merchants.

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Glossary: 117 software-led payments terms to know

Payrix

Do you find yourself listening to industry leaders and colleagues use terms like PayFac, PCI DSS, and tokenization and casually scratching your head in confusion? This blog post is your ultimate guide to understanding the most used payments terms today. Youve come to the right place. Visa, Mastercard, American Express, etc.).