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Glossary: 117 software-led payments terms to know

Payrix

Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. They provide the infrastructure necessary for their merchants to accept credit card payments. Data breach Unintentional release of secure information (i.e.,

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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. TL;DR A payment processor is a provider that handles transactions between a buyer’s bank and a seller’s bank.

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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

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The merchant underwriting process helps reduce fraud (including chargeback volume), ensures compliance with regulations, and protects financial stability in the payment processing space. Key steps include application review, risk assessment, credit checks, and compliance verification.

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All You Need to Know About Internet Credit Card Payment Processing

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Meanwhile, a payment gateway is the technology that authorizes and processes payments between a buyer and seller by securely transmitting payment data. How Can Internet Card Payment Processing Help My Business? Payment Gateways vs. Payment Processors: What’s the Difference?

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The 12 PCI DSS Requirements to Ensure PCI Compliance

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As more consumers gravitate online, they risk putting more sensitive authentication data and financial information on the internet. Unfortunately, personal data is most sought-after by criminals. This is why PCI DSS compliance is critical. security requirements are. Learn More What Is PCI DSS?

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Everything You Need to Know About PCI Compliance for Credit Card Processing

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In the new, digital era of payment management and shopping, protecting customer data is a top priority. While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. What is PCI Compliance?

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Credit Card Processing for Small Business: Everything You Need to Know

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Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. We have also put together a list of the top three best credit card processing platforms for small businesses.