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Everything You Need to Know About Secure Payment Processing Systems

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Data protection and security are crucial not just for safeguarding customer information, but for protecting business owners as well. Having and maintaining secure payment systems is integral for protecting yourself and your customers. Enter secure payment systems (SPS). What Are Secure Payment Systems?

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Payment Security: Everything You Need to Know About Secure Payments

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So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. TL;DR The PCI DSS determines security protocols and sets the standards for payment security. Outside of standard card transactions, mobile wallets are gaining popularity, with 3.4

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Mobile Credit Card Processing Explained: What Business Owners Need to Know

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According to Forbes , “mobile payments are increasingly being used by U.S. Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well. What is mobile credit card processing?

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Tap to Pay: What It Is and How It Works

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Learn More History of Tap to Pay Although contactless payments weren’t widely adopted until the 2010s, the technology actually dates back to 1995. In Seoul, South Korea, the Seoul Bus Transport Association introduced the UPass, a contactless payment card that commuters could tap on as they entered the bus.

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Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

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This surcharge covers the cost of processing credit card payments via platforms like Visa, Mastercard, and American Express. Businesses apply it to offset e-payment processing costs for transactions where customers pay with credit cards rather than cash. It’s often used in prepaid services like mobile top-ups and gift card purchases.