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Payment service provider. A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. [1]
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale ) Company
Stripe, Inc. Stripe, Inc. is an Irish-American [3] multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States and Dublin, Ireland. [4][5] The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and ...
The Central Electronic System of Payments (CESOP) regime is an automatic exchange of information regime being introduced in the European Union from 1 January 2024. The rules were introduced by Council Directive 2020/284, [1] amending the EU's Value-added tax Directive. The rules were introduced to tackle VAT fraud by requiring all payment ...
Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [ 1 ][ 2 ] It is used on mobile devices to instantly transfer ...
The Zelle service's principal competitor is PayPal and its Venmo payment service. [ 1 ] [ 34 ] Venmo is more popular, based on public awareness, opinion polling, and active engagement with users, but Zelle processes a much larger dollar volume of money transfers, transferring transactions of more than $1.6 billion a day in the first half of 2022.
As of 2023, Square leads the U.S. market in POS systems, [3][4][5] serving 4 million clients and processing $210bn annually. [6][7] Square acts as a financial services platform supporting a range of features. They include e-Commerce, [8] customer bookings, [9] inventory management, [10] payroll processing, shift scheduling, [11] banking and ...
Total System Services, Inc. (commonly referred to as TSYS), is an American financial technology company headquartered in Columbus, Georgia. In 2019, TSYS was merged into Global Payments Inc. [3][4] TSYS is the largest third-party payment processor for issuing banks in North America, with a 40% market share, and one of the largest in Europe. [1 ...
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