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Glossary: 117 software-led payments terms to know

Payrix

Quality Security Assessor (QSA) Designation for entities that meet specific security education requirements, have taken the appropriate training from the PCI Security Standards Council, are employees of a PCI-approved security and auditing firm, and will be performing PCI compliance assessments as they relate to the protection of payment card data.

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The 7 Best Mobile POS Systems for Small Businesses in 2024

Stax

Security and compliance standards Security is paramount in any POS system to protect sensitive customer information. An mPOS system should adhere to industry-standard security protocols, such as PCI DSS compliance, and include encryption and tokenization to safeguard data. Features like customer data collection (e.g.,

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Tap to Pay: What It Is and How It Works

Stax

This short-range wireless communication technology allows data exchange between devices close to each other, typically within a few centimeters. Payment aggregators Payment aggregators, such as PayPal, have a unique system that doesn’t require businesses to set up a merchant account. Fees, too, differ among providers.

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Glossary: 117 software-led payments terms to know

Payrix

Quality Security Assessor (QSA) Designation for entities that meet specific security education requirements, have taken the appropriate training from the PCI Security Standards Council, are employees of a PCI-approved security and auditing firm, and will be performing PCI compliance assessments as they relate to the protection of payment card data.