The tokenization process is totally different when compared with encryption in credit cards transaction process. The aim of two ways is card information should not be revealed to crooks. In tokenization. Read more.
Top payment methods so popular in day to day payments
There are significant differences for Key entered and PIN entry transactions in Credit cards processing.
There are two types of payment facilitators in Credit cards business. These facilitators help small merchants to onboard and do payment settlement. The reason to
EMV contact and contactless cards play a critical role in credit cards processing. EMV is a standard, so the data in EMV chip cards can not be copied, so chances for hacking is very minimal.
2 Types of Contactless Credit or Debit cards: Contactless MSD cards are similar to magnetic stripe cards in terms of the data they share across
Near Field Communication (NFC) technology is a standards-based wireless communication technology that allows data to be exchanged between devices that are a few centimeters apart.
The below are the general guidelines followed by acquirer for Batch reconciliation or Debit reconciliation in Credit card payment processing Systems. A merchant statement is