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Learn more into the world of payment technology and stay up to date with our company news

Banking
5 min

Skimming

Criminals install special overlays on the ATM that simulate an input panel. These overlays read the PIN code of the card and attackers can take over the finances of the victims. Also, in addition to linings, criminals install other devices: Hidden cameras; Readers of magnetic strips; Converter of magnetic tape data of cards into a […]
Banking
5 min

Rolling reserve

When a merchant contacts a bank to obtain a merchant account, they go through the underwriting procedure. During the procedure the bank estimates the possible business risks. If your business falls into a high risk category, the bank may ask you to open a reserve account. It will be charged a percentage from each sale. […]
Banking
5 min

Recurring payments

Recurring payments is a type of payment in which a regular service fee is charged from the user’s account. Depending on the type of payment, funds are debited weekly, monthly or annually. Payment processors can also set up individual plans. To obtain permission, the user must go through the verification process only once. Thereafter, payments […]
Banking
5 min

Point of Sale (POS)

POS terminal is a device that allows a business to accept payments from customers at a physical point of sale. Today, modern POS terminals are not just a cash register, but also a complete system for accounting the goods and business management. All that is needed for the POS system to work is a mobile […]
Banking
5 min

PCI DSS

PCI DSS confirms that a company meets industry-specific payment processing requirements. The requirements were developed in 2005 by the Payment Card Industry Data Security Standards Council, established by global payment companies – Visa, MasterCard, American Express, and others. Certification has become mandatory since 2012 for organizations working with bank cards. With this document, the company […]
Banking
5 min

Payment aggregator

Payment aggregators allow merchants to accept payments without a merchant account. Unlike traditional payment processors, payment aggregators process payments through their own merchant account. Clients are called sub-merchants.
Banking
5 min

Payment gateway

A payment gateway is a hardware and software complex that processes payments for financial services. It encrypts the processed data and is responsible for the correct authorization of clients. A payment gateway only provides switching between the buyer and the seller. Payment systems are responsible for accepting funds. How does the payment gateway work? The […]
Banking
5 min

Payment processor

A payment processor is a company that organizes the process of receiving, processing and transferring payments between merchants and their customers. For processing payments, payment providers provide special software – a payment gateway. The payment processor performs the following functions: Provides merchants with a payment gateway, thus providing the ability to accept payments; Provides a […]