article thumbnail

How to Create a Secure Mobile Payment Acceptance Strategy

SaaStr

In either case, prioritizing and implementing repeatable security measures is absolutely essential to creating a secure mobile payment strategy. In the case of a mobile transaction, tokens are sent to the POS terminal, protecting data while in transit. Why developing a secure mobile payment strategy is so important?

article thumbnail

Glossary: 117 software-led payments terms to know

Payrix

Card Control Mobile application that allows cardholders to decide when and where their cards can or cannot be used based on a series of preference settings. Check verification Process that screens checks and check-writers against a negative database at the point-of-sale (POS) when the customer presents a check as payment.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Payment processor: Definition, types, and examples

Payrix

A payment processor helps facilitate a seamless, repeatable payment experience across channels that creates growth and possibilities for software companies and their customers. Digital wallets also allow users to easily view payment histories and store other important digital documents.

article thumbnail

Integrated payments: Definition, types, and examples

Payrix

Integrated payments are payment processing capabilities that are incorporated into a software companys platform to provide their user base with the ability to accept and manage payments for their businesses. Card-present payments are useful for their customers accepting payments in storefronts, via mobile businesses (e.g.

Payments 130
article thumbnail

How Adopting Mobile Payments Can Help Your Business Grow in 2024

Stax

Fast forward to now where much has changed, and research anticipates contactless mobile payments to exceed one billion users globally by 2024. Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone.

article thumbnail

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

Stax

The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. What makes mobile POS systems unique?

article thumbnail

A Primer on Simple Mobile Payments for Small Business: What Merchants Need to Know

Stax

Thankfully, with mobile payments from Stax , you can quickly accept and process payments from your customers. Learn all about mobile payments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity.