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Glossary: 117 software-led payments terms to know

Payrix

This blog post is your ultimate guide to understanding the most used payments terms today. Terms related to card acceptance Acceptance marks Signifies which payment brands are accepted at a merchant location and provides the cardholder with information on where his or her card can be used.

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Payment processor: Definition, types, and examples

Payrix

A cardholder initiates the payment for a purchase or service to the merchant or service provider with their payment information from a credit card, debit card, or bank account. Choosing the right payment processor is key for software companies. Online they may include e-commerce platforms, mobile apps, or websites.

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Secure Payment Forms: 6 Ways to Secure Customer Information During Checkout

FastSpring

We recently spoke with several software developers and asked them what they thought about protecting customer information and preventing data breaches during checkout. We heard a wide variety of responses, such as: Using an AVS (Address Verification Service) Tokenization Stacking payment gateways Using encrypted payments.

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Everything You Need to Know About Credit Card Processing

Stax

They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. Fees include (but aren’t limited to) transaction fees, interchange rates, PCI compliance, and more. The information below helps to summarize the essential roles involved in payment processing.

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Simplifying Enterprise Payments

USIO

By integrating various payment methods into a single platform, companies can reduce administrative tasks and errors. For example, a retail business can manage credit card payments, mobile payments, and online transactions all in one place, ensuring a seamless experience for both staff and customers.

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Understanding the Nature of Payment Gateway Integration For Your Mobile App

Stax

In recent years, businesses have seen this massive shift from desktop to mobile devices which has forced them to develop apps with built-in integrated payment gateways. But when it comes to payments, mobile apps have to contend with a few unique challenges. You may miss out on performance or usability improvements (e.g.,

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

Stax

TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. Failing to comply with the Payment Card Industry Data Security Standard can have a number of severe consequences for a business. What is PCI Compliance? Why Is PCI Compliance So Important?