The Ordway Blog

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.