Remove compliance Remove Mobile Payments Remove Presentation
article thumbnail

Glossary: 117 software-led payments terms to know

Payrix

Master merchant Payment facilitator that becomes the merchant of record on behalf of a network of smaller merchants (sub-merchants) or billing companies that regularly collect payments; key markets for master merchant networks include government, education, utilities, and nonprofit organizations.

article thumbnail

Payment processor: Definition, types, and examples

Payrix

Many technologies and services are involved from POS terminals to card networks to payment gateways so its essential that the payment processor can work closely with them to help authorize and settle every transaction as securely, efficiently, and quickly as possible and stay in compliance with regulations and industry standards.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Integrated payments: Definition, types, and examples

Payrix

Software companies will most certainly offer online or eCommerce payments, also known as card-not-present payments. But, they can also offer in-store or in-person payments, also known as card-present payments. in-app payment) Digital wallets (e.g. in-app payment) Digital wallets (e.g.

Payments 130
article thumbnail

10 types of payment fraud and how software companies can stay vigilant

Payrix

The most obvious is to protect cardholder data and minimize fraud but understanding payment fraud will help you prevent and detect these threats, helping you to maintain customer trust, financial growth, legal compliance , brand reputation, operational efficiency, and a competitive edge.

Payments 100
article thumbnail

Glossary: 117 software-led payments terms to know

Payrix

Master merchant Payment facilitator that becomes the merchant of record on behalf of a network of smaller merchants (sub-merchants) or billing companies that regularly collect payments; key markets for master merchant networks include government, education, utilities, and nonprofit organizations.

article thumbnail

Integrated payments: Definition, types, and examples

Payrix

Software companies will most certainly offer online or eCommerce payments, also known as card-not-present payments. But, they can also offer in-store or in-person payments, also known as card-present payments. in-app payment) Digital wallets (e.g. in-app payment) Digital wallets (e.g.

Payments 100
article thumbnail

Payment processor: Definition, types, and examples

Payrix

Many technologies and services are involved from POS terminals to card networks to payment gateways so its essential that the payment processor can work closely with them to help authorize and settle every transaction as securely, efficiently, and quickly as possible and stay in compliance with regulations and industry standards.