Recurring Payments

Digital wallets store your credit cards, debit cards, and payment credentials in a smartphone app, letting you tap to pay at checkout instead of swiping plastic. They use encryption and tokenization to protect your actual…

A Payment Facilitator—or payfac—is a service provider that lets businesses accept card and ACH payments without establishing their own merchant account with a bank.

Level 3 credit card data is the most detailed tier of transaction information that merchants can submit to card networks, including line-item details like product descriptions, quantities, and unit prices.

PCI DSS (Payment Card Industry Data Security Standard) is the global security framework that governs how businesses handle credit card data.

Apple Pay lets businesses accept online payments through a digital wallet that replaces card numbers with secure tokens—customers authenticate with Face ID or Touch ID instead of typing payment details.

CHAPS is the UK's same-day payment system for high-value sterling transfers, operated by the Bank of England with guaranteed settlement and no upper limit on transaction amounts.

BECS (Bulk Electronic Clearing System) is Australia's primary bank-to-bank payment infrastructure for direct debit and credit transactions, processing over $15 trillion AUD annually.

FedNow is the Federal Reserve's instant payment system that enables real-time, bank-to-bank transfers 24/7/365—settling transactions in seconds rather than the days required by ACH. Launched in July 2023, it represents the first new payment rail…

An IBAN (International Bank Account Number) is a standardized code of up to 34 alphanumeric characters that uniquely identifies a bank account for cross-border transfers. It's the international banking system's answer to a simple problem:…