Payment Gateway Software Glossary: Key Terms & Concepts

Payment made with a portable electronic device such as a tablet or cell phone for a product or service is known as Mobile payment. Mobile payment systems, such as PayPal and Venmo, can als...read more

Trading money electronically is known as online payment. Computer networks, the internet, and digital stored value systems are commonly used in this process. You accept an online payment w...read more

Payment Processing is defined as providing a Person with the ability to charge or debit accounts using any payment mechanism, including but not limited to Remotely Created Payment Orders, ...read more

A real-time email marketing dashboard displays metrics. This allows individuals to track the effectiveness of an email marketing initiatives, as well as provide insight into what they can ...read more

Saved cards, also known as stored payment methods, are a convenient feature found in various software applications that allow users to securely save their credit or debit card information ...read more

Website Payments is a feature that allows users to conveniently make and receive payments online through a website. This feature is widely used across various industries such as e-commerce...read more

Recurring billing is a software feature that allows businesses to set up automated, recurring payments for their products or services. With this feature, payments are automatically deducte...read more

Multiple Currency Processing is a software feature that allows users to transact and record payments in currencies other than their own domestic currency. This feature provides businesses ...read more

Point of Sale (PoS) transactions are electronic payments made by customers for goods or services at a physical retail location. This feature is an essential part of any modern business, al...read more

Invoice payment is a crucial feature of any software system that is designed to simplify the billing process and enhance overall efficiency. This feature enables businesses to easily manag...read more

Gift Card Management is a software feature that allows businesses to easily manage and track their gift card programs. It is a comprehensive solution that simplifies the entire process of ...read more

Fraud detection is a crucial feature that is used in software programs to identify, prevent, and mitigate fraudulent activities. This feature employs advanced algorithms and techniques to ...read more