Credit Card Processing
A term used to refer to financial transactions paid with credit cards.
Debit Networks
Debit networks aren’t a single entity but a combination, including payment terminals, debit card issuers and processors.
Interchange
A financial payment term used to refer to the exchanging of funds between two or more entities, usually banks, credit card issuers and merchants.
Issuing Bank
Also known as a member bank, an issuing bank offers payment cards – such as debit or credit cards – on behalf of other financial institutions.
Store and Forward
Store and Forward refers to a feature that involves capturing the necessary transaction data and storing that data temporarily (usually in the event of an internet outage) until the data can be passed along to the processor once the internet service is restored.
How to turn on screen rotation on the PAX A3700
Follow these quick steps to ensure the PAX A3700 screen rotates in any orientation.
How to ensure merchants are observing New York’s new surcharge laws
Last month, New York’s new credit card surcharge law went into effect. The new law requires New York businesses to clearly display the total cost of purchasing items with a credit card — including any surcharges. The law, which was signed by Gov. Kathy Hochul in December, also prevents shop owners from charging customers more […]
Why ISVs Should Support Credit Card Updater
Card Account updater adds efficiency to subscriptions and recurring payments by ensuring cardholder data on file is up to date.
Lessons POS Software Startups Can Learn from Their Predecessors
Software startups will increase their chances of success if they understand their market, build the right team, and form strong industry partnerships.
How Payment Trends Compare Between Gen Z and Millennial Consumers in 2024 and Beyond
Payment trends vary between millennial and Gen Z consumers. See what ISVs and VARs need to educate their merchant clients about to optimize CX.
