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What is a Contactless Payment? More Than You Think
What is a Contactless Payment and Why is it Trending? Pre-COVID-19, few people thought much about how they paid for goods and services. The choices were binary: “cash or card,” “debit or credit,” “insert or tap.” But once the coronavirus pandemic hit, everyone avoided touching anything that could spread germs, and how we pay suddenly shifted.
Casey Russell
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Payment Gateway Definition
Did you make an online purchase this week? Then you used a Payment Gateway without even knowing it. A Payment Gateway provides a safe method of transferring cardholder data from a website to a payment network for processing. It communicates the confirmation of sufficient funds and the transaction approval back to the website.
Christina Lavingia
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What Are Payment Processors?
Payment Processors are the technical glue in the transmission of credit card transactions. They maintain the computer network between Merchant Account Providers and the banks, and facilitate communication between these providers.
Ursula Librizzi
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ACH Payment Processor: How They Work?
ACH payment processing operates via the ACH network. Every ACH transaction goes through a seven-step process involving six ACH payment processor entities. These entities include the originator, the receiver, the originating depository financial institution (ODFI), the receiving depository financial institution (RDFI), an ACH operator and the National Automated Clearing House Association (NACHA).
Ursula Librizzi
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What Is Online Credit Card Processing?
Online credit card processing refers to card-not-present payments that are completed on an e-commerce website via a Payment Gateway. The gateway is either provided by or integrated with a Merchant Service Provider.
Ursula Librizzi
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How Merchant Services Work
There isn’t a single answer to the question “How do merchant services work?”
Ursula Librizzi
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