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By Boaz Gam

Electronic Checks for Businesses: Definition, Benefits, and Implementation

The 2021 Q2 volume of eCheck payments reached a 7.3 billion count with a value of $18.4 trillion. That’s a nearly 25% increase compared to last year. Such rapid growth makes more and more business owners consider offering this payment method to their clients. But what is an eCheck and how does it work? Read ahead to find out the eCheck meaning, how such payments get processed, and whether your business can benefit from them.

By Boaz Gam

Mobile Payment Systems Overview: Types, Benefits, and Integration

Smartphones and tablets are the devices that the majority of consumers have at hand at all times. Thus, no matter if you sell your goods or services online or in-store, integrating mobile payments is vital for offering a smooth shopping experience for your clients.

By Boaz Gam

Advanced Data Security: Tokenization Explained

Online payments have become an integral part of everyday life. However, as e-commerce develops, so does cybercrime. To prevent fraud and protect user data, online payment services are implementing various security protocols.

By Boaz Gam

Your Guide to Credit Сard Processing for Nonprofits

For a nonprofit, every donation counts. That’s why it is crucial to provide the public with the most convenient ways of making contributions. Thus, if your organization is still not accepting credit card payments, it is about time to fix it. This comprehensive guide has all the information you need to get started with credit card processing for nonprofits, including an overview of its benefits and useful tools for implementing it.

By Boaz Gam

Multichannel Vs. Omnichannel Retail

Every retail business aims to build consumer loyalty and ensure an excellent shopping experience. To succeed at this, it is important to track the customer journey and have a competent strategy that covers every point of interaction with the shoppers.

By Boaz Gam

What Is Omnichannel Retail and Why It Works Miracles

The sales process constantly evolves to improve communication, customer satisfaction, and business profitability. Before, one sales channel, such as a physical store, was enough. Later on, technology advanced, and merchants started interacting with the consumers via multiple channels, so email marketing, websites, chatbots, etc., added up.

By Boaz Gam

What to Know About Payment Risks and Compliance in 2021

Payments are traditionally considered to be a high-risk sphere. This is due to the complexity of the procedures and tools used, the rapid development of new technologies, and the threat of fraudulent transactions. These risks are dangerous not only for the service providers and their users but also for the economy as a whole. That’s why the payment risks must be identified, monitored, evaluated, and managed. Read ahead for an up-to-date overview of the payment risks and compliance!

By Boaz Gam

About International Payment Systems

Electronic payment systems provide access to international financial markets, allow persons from different countries to pay for goods and services free of territorial limitation. Features of electronic payment systems function are helping carry out the transfer of finance funds such as money, conditional payment units, securities, certificates in electronic execution. The growing popularity of e-commerce and the possibility of convenient payment for goods (services) directly from home increases the number of users of various international payment systems exponentially. This method of calculation is convenient and reliable. Its reputation is getting higher every day.

By Boaz Gam

Your Ultimate Guide to Recurring Payments

As a consumer, nearly every person has encountered recurring payments in action. But, as a business owner, have you considered introducing this billing type into your company’s practice? If you are still undecided, this guide is for you. Here we will tackle all the main aspects of this tech solution and explain how to integrate it into your business.

By Boaz Gam

Everything You Need to Know About Cross Border Payments

In the era of economic globalization, cross-border payments have become a vital necessity. In 2019, their value totaled $130 trillion and is estimated to reach $250 trillion by 2027. Since the volume of cross border transfers is demonstrating such rapid growth, it is an absolute must for business owners to be aware of what these transactions are and how to make them efficient. Our guide is your key to mastering the intricacies of this topic.

By Boaz Gam

PSD2: What Is Strong Client Authentication 

The 14th of September 2019 was the day when Strong Customer Authentication (SCA) requirements for online payments entered into force as a part of the second Payment Services Directive (PSD2). These regulations drive change in online retail and payment security.

By Boaz Gam

3DS2 – a new level of security. What’s new and how to transit?

We are considering how to switch to new 3‑D Secure 2.0 protocol without spending a lot of resources on it. And most importantly, how not to lose in conversion and not to harm patency of payments during transition period.

By Boaz Gam

Comprehensive Guide to Credit Card Processing

Whether you are an offline or online merchant, it is most likely that you deal with credit card processing on a daily basis. While many sellers disregard the complex algorithm that launches after the client clicks the “Pay” button, it is best to know how it works.

By Boaz Gam

Payment Reconciliation: What It Is & Why Successful Business Needs It

Payment reconciliation is a process, which allows you to keep track of the precise state of your company’s finances. We’ll review how it works and how your venue can benefit from it.

By Boaz Gam

Payment Conversions - A Quick Guide to Increase Them

Payment conversions equal the success of your business. We’ll review the reasons why they can be low, and how you can fix that issue.

By Boaz Gam

Gateway to Success: Why Is a Payment Gateway the Best Solution for E-commerce?

A payment gateway is a tool that no e-commerce company can do without. Let's see why and which benefits it will bring.

By Boaz Gam

PCI DSS Certificate & Why Your Business Needs It Right Now

PCI DSS is a security standard that was designed to protect credit/debit card transactions. Let’s see why your company needs it and which benefits it will bring.

By Boaz Gam

Is an Ecommerce Payment System Secure?

Ecommerce transactions are a great opportunity to quickly transfer money from a client to a merchant, without errors, high fees, time losses, and long queues.

By Boaz Gam

What is Chargeback and How to Avoid it?

Online payment using a bank card is convenient for cardholders. However, there are cases when services or goods are not provided (or provided not in full). In such cases, a customer has a chance to get money back. A chargeback procedure is provided for this.

By Boaz Gam

Trade Acquiring – What is it and Who is it suitable for?

Trade (offline) acquiring is a service connected by banking institutions so that any retail point of sale, from a local store up to large supermarkets, can accept cashless payments. For this purpose, a specialized device – a POS terminal – is required to make payments using the client’s bank card.

By Boaz Gam

Acquiring Bank and Issuing Bank: What are They and Why are They Needed?

An issuing bank and an acquiring bank are some of the required parties to make payments. It is important for merchants to understand what responsibilities each of the parties has, how they get involved in the payment process, and what the difference between these two notions is.

By Boaz Gam

How to Choose the Right mPOS System for your Business?

To accept payment by card, one needs a terminal. Stationary POS terminals are found in any store, but there are also portable readers that are connected to a smartphone or tablet. So, we dedicate this article to mPOS meaning and related issues.

By Boaz Gam

E-Commerce vs. M-Commerce: What’s the Difference?

Business goes digital more actively these days. Its two main pillars are electronic and mobile trade transactions. Let us tell you more about them.

By Boaz Gam

Web Acquiring — Why Your Business Needs It

Online acquiring is a crucial component of every type of business. We'll tell you why you need it, how it works, and how to integrate it in your company.

By Boaz Gam

What Kind of Acquiring do I Need?

In 2021, bank cards have become the most popular means of payment in the world. It is getting harder to do business without acquiring, so in this article, we’re going to deal with the notion, find out how it works and what needs to be done to connect it.

By Boaz Gam

How to Choose a Merchant Account Service Provider?

Choosing a merchant account provider to handle electronic check or credit card payments is one of the most important decisions you will make as a business owner. Pick the wrong service provider, and you’ll pay high rates and fees, getting poor quality of service and a payment solution that doesn’t meet your business needs. Choosing the right supplier means gaining a competitive advantage.

By Boaz Gam

Introducing the Fintegrate Cashier System, by Payneteasy

Platform providers and large merchants experience ongoing challenges with payments. They often have multiple PSPs, that are difficult to manage which leads to reduced acceptance rate, wasted time and resources, as well as errors in charges.

By Boaz Gam

Technological flexibility: a bank’s dream come true

Without doubt, banks have come to the realization that a technology-driven strategy is essential for operational efficiency. Most of the industry’s giants went digital long ago in terms of the user experience with apps and portals. That’s crucial for their UX – in terms of how their customers see them.

By Boaz Gam

Creative payment solutions through customization

PSPs and financial institutions often have needs that are unique to their business. These needs that go unaddressed can turn into pain-points, and revenue reduction.

By Boaz Gam

Building a robust PSP business

It's no secret that the payment industry has come a long way. From 1997, when Authorize.net started it all by collecting transactions by fax and email, the developments have been extraordinary. Today, we are looking at a rapidly evolving industry, from instant payments, thousands of payment methods, global infrastructure, open API, remote KYC, to purchases for cryptocurrency

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