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Glossary: 117 software-led payments terms to know

Payrix

Merchant A commercial entity or person authorized to accept cards and access devices when properly presented; an organization that uses credit cards to receive payments from its customers pursuant to agreement with card brands. Data breach Unintentional release of secure information (i.e.,

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Your 2024 Guide to Payment Integration

USIO

As we venture into 2024, the landscape of payment integration continues to evolve, presenting both opportunities and challenges for merchants. Compliance with standards like PCI-DSS (Payment Card Industry Data Security Standard) is also crucial for safeguarding transactions.

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Top 10 International Payment Gateways: An In-Depth Guide

FastSpring

Payment processors verify that all necessary information is present and in the correct format and then carry it to the issuing bank or credit card network for final authorization. Risk management and compliance. PayPal is both a payment processor and a popular digital wallet (not a MoR). Reporting and analytics. Crypto payments.

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What is Click to Pay and How Does It Work?

Stax

Step 2: Card recognition If there is a successful authentication, the checkout system will retrieve the customer’s stored card information and present the customer with a list of available card network options. Your testing should check for security compliance, technical performance, and mobile responsiveness.

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Demystifying Credit Card Interchange Fees: What You Need to Know [2024 Rates and Updates]

Stax

Card-present transactions also incur lower rates compared to card-not-present transactions. The difference in these fees does vary significantly and is something the merchant has no control over or visibility into when the customer presents their card to pay. CPS/Card Not Present, Debit Exempt: 1.65% + $0.15

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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.

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8 Best Chargebee Alternatives and Competitors (And How They’re Different)

FastSpring

In this guide, we present eight alternatives to Chargebee that help relieve some of these burdens for users, starting with an in-depth review of our solution, FastSpring. However, you’ll still be responsible for paying taxes, processing chargebacks, and for things like legal compliance, dunning, and more. Stripe, PayPal, etc.).