Remove Mobile Remove PayFac as a Service Remove Payment Features
article thumbnail

Payment processor: Definition, types, and examples

Payrix

When successfully implemented, they create a unified payment experience between online, in-store, mobile, and digital wallets, which decreases friction and increases customer engagement. In physical stores, a POS system may include card readers or mobile payment devices. How do payment processors secure payments?

article thumbnail

Payment processor: Definition, types, and examples

Payrix

When successfully implemented, they create a unified payment experience between online, in-store, mobile, and digital wallets, which decreases friction and increases customer engagement. In physical stores, a POS system may include card readers or mobile payment devices. How do payment processors secure payments?

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.