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Company Platform Location 2C2P: Online, POS, mobile: Singapore: Adyen: Online, POS, mobile: Global, headquarters in the Netherlands: Alipay: Online, POS, mobile ...
Payment gateways are a service that helps merchants initiate e-commerce, in-app, and point of sale payments for a broad variety of payment methods. The gateway is not directly involved in the money flow; typically it is a web server to which a merchant's website or POS system is connected.
A merchant plug-in (MPI) is a software module designed to facilitate 3-D Secure verifications to help prevent credit card fraud. [1] The MPI identifies the account number and queries the servers of the card issuer (Visa, MasterCard, or JCB International) to determine if it is enrolled in a 3D-Secure program and returns the web site address of the issuer access control server (ACS) if it is ...
Many merchants offer subscription services, which require payment from a customer every month. SaaS payment processors relieve the responsibility of the management of recurring payments from the merchant and maintain safe and secure the payment information, passing back to the merchant a payment "token" or unique placeholder for the card data.
A high-risk merchant account is a business account or merchant account that allows the business to accept online payments though they are considered to be of high-risk nature by the banks and credit card processors. They will typically pay higher transactions fees if they are accepted at all.
Merchant services is a broad category of financial services intended for use by businesses. [1] In its most specific use, it usually refers to merchant processing services that enables a business to accept a transaction payment through a secure (encrypted) channel using the customer's credit card or debit card or NFC / RFID enabled device.
On July 2, 2009, at 11:00 p.m. PST, the entire web infrastructure for Authorize.Net (main website, merchant gateway website, etc.) went offline and stayed down all morning July 3, 2009. [ 16 ] [ 17 ] None of the over 200,000 merchants who used Authorize.Net payment gateway at the time were able to process credit cards.
In August 2012, the company announced a joint venture with Central Payment Co. LLC, a direct merchant acquirer. [13] In December 2012, the company acquired ProPay, a Utah-based company with over 250,000 merchants. [14] In July 2013, the company acquired Netspend, a prepaid debit card provider, for $1.4 billion. [15]