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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

mPOS systems work through smartphones, tablets, and other wireless devices to accept payments from anywhere. Wireless devices allow business owners more flexibility. Solutions providers like Stax integrate with a range of solutions to enable merchants to go mobile. What makes mobile POS systems unique?

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A Guide to Payment Tokenization

Stax

In this guide we will discuss the following: What is Payment Tokenization How Payment Tokenization Works Payment Tokenization vs. Encryption SaaS Payment Tokenization Requirements Benefits of Payment Tokenization SaaS Payment Vulnerabilities Using Stax Connect and Payment Tokenization Lets get started. What Is Payment Tokenization?

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Tap to Pay: What It Is and How It Works

Stax

How Tap to Pay Works Tap-to-pay, whether used with a contactless card or a smart device, operates through Near Field Communication (NFC) technology. This short-range wireless communication technology allows data exchange between devices close to each other, typically within a few centimeters.

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Understanding the Payment Terminal: Integrated vs. Semi-Integrated vs. Non-Integrated Payment Terminals

Stax

As such, there is a 2-way sync between the devices The POS system offers One-way communication to the physical terminal. These days, payment terminals can also conduct contactless payments and mobile payments, like Apple Pay, via Near Field Communication (NFC) technology. However, magstripes are no longer PCI compliant.)

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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

EMV and NFC (Near Field Communication) technologies both came out around the same time and both are involved in the payment process—which can make them easy to confuse. Final words At Stax, we’re all about helping merchants implement robust payment security that go above and beyond security standards.

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The 7 Best Mobile POS Systems for Small Businesses in 2024

Stax

Some may still want to allow magstripe card payments, but near-field communication (NFC) compatibility is non-negotiable for 2024 and beyond. A mobile point system—aka mobile POS or mPOS—is a portable point of sale system that operates on a smartphone, tablet, or dedicated wireless device.

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The Most Common Types of Contactless Payment Methods and How They Work

Stax

Near-field communication payments Near-field communication enables devices to interact and transfer data through close-range connections ( not more than 20 centimeters ). Radiofrequency identification payments Radio Frequency Identification (RFID) is a wireless communication technology like NFC. Request a free demo today.