If you’re an online business owner and set up your items to be displayed on the internet, choosing the right Payment Gateway is crucial. When the products purchased have been added to an online shopping cart, the buyer can then checkout. This is where the function of the Payment Gateway comes into play. It allows […]

An online payment system facilitates electronic payments for transactions online. It has grown in popularity because of the increasing use of online shopping and electronic banking.  A transaction that is online usually is the process of transferring funds from a client’s account to the merchant’s bank account. The online transaction can be made

Have you ever thought about how many credit card accounts exist around the globe? Based on rough estimates there are more than 3 billion and that number is growing. The number of fraud cases keep on increasing, too. In fact, the total amount of losses from card fraud globally are predicted to be over $35 […]

The merchant ID number can be described as a minuscule code that plays an important role in every transaction. The MID determines the process of transferring funds from the bank that issued the check through the trade account. It is also crucial in preventing errors in the transfer funds. What is a Merchant ID? A […]

Economic growth has no limits in the current financial system. Sales and customers will come from any location, creating new opportunities for companies and market leaders. However, despite the rapid advancements and disruptions in financial technology in the field of AI and real-time payment, online retailers typically set limits on digital payments for cer