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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. a magnetic stripe reader, mobile phone, etc.)

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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?

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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. a magnetic stripe reader, mobile phone, etc.)

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Example of Integrated Payments

USIO

Key features of integrated payment systems like Usio include: Multiple Payment Methods: Support for various payment methods such as credit cards, ACH, debit cards, PINLess debits, Remotely Created Checks (RCC) digital wallets (like Apple Pay and Google Pay), and other regional payment options.

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Top 10 International Payment Gateways: An In-Depth Guide

FastSpring

After the final reminder, you have the flexibility to choose whether to pause or cancel their service if they fail to update their payment information. Pausing their service makes it easier for them to start up the service again without going through the entire onboarding process again. Risk management and compliance.

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How To Find the Best Credit Card Processor for Small Business in 2024

Stax

In fact, that’s the fastest growth rate for card payments…ever. As a small business owner, it’s important to accept different payment methods like cash, credit card, and contactless or NFC mobile payments to ensure an easy shopping experience for your customers.

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ISVs vs SaaS: What’s the Difference?

Stax

For example, Stax APIs and mobile development kits enable secure in-person, online, ACH, and mobile payments on any platform. Both may also incorporate compliance standards in their products. They can work with compliance experts or third-party consultants to achieve this.