Tag Archives:Payment
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Lastest Payment Gateway News

MS University launches online admission for the new academic year
Instead of personally visiting the university campus for collection of forms, aspirants can register online and make payments through secure online payment gateway through credit or debit card. "Students not possessing debit or credit card facility can …
Read more on Times of India

MYOB unveils limited release of new mobile payments app for SMEs in Australia
Bendigo Bank will act as the merchant accounts provider for MYOB PayDirect, whereas Mint Wireless will provide the mobile payments gateway for the service. Later this year, the company will allow its clients to combine with the MYOB Essentials range …
Read more on Banking Business Review

Lastest Payment Gateway News

Discover Looks To Tap The Asian Market
Earlier this month, the company entered an agreement with Bangkok Bank in Thailand, and is also associated with the RuPay payment gateway system that was launched in May 2014 in India. Discover is the third largest credit card company in the U.S. after …
Read more on Trefis

MICROS and Elavon Deliver Secure Payment Technology
Powered by the MICROS Payment Gateway™ and Elavon's Fusebox™ gateway solution, this next generation payment environment is built upon decades of proven PMS and payment processing expertise. Robust scalability offers a great fit for businesses of …
Read more on Newswire Today (press release)

Lastest ACH Payment News

Are cash transactions becoming extinct?
… in six checks was deposited by account holders as an electronic image rather than paper" — and nearly all checks processed in 2012, it added, were either cleared by electronic image exchange or converted to Automated Clearing House (ACH) payments.
Read more on CBS News

Treasurer Stenberg Reports Record Year for Electronic Payments
… and reoccurring payments by electronic means, Stenberg said. Some of the ways electronic payments are made by the state are Automated Clearing House (ACH) payments, stored value cards or branded prepaid debit cards, and purchasing cards.
Read more on 1011now

What is the difference between Merchant Account and Payment Gateway?

Question by M Shadows: What is the difference between Merchant Account and Payment Gateway?
Online Shopping

Best answer:

Answer by imisidro
Merchant account is a bank authorized account which allows you to accept major credit cards, electronic checks, etc. Note though that rates banks will charge you are higher if you are operating an online store because the “card is not present”

Payment Gateway is a software which actually processes customer order information, address, credit card number, etc. The data is sent to a credit card authorization network which verifies that the credit card is valid and verifies that the shipping address matches the billing address. Example of payment gateway is Authorize.net http://www.authorize.net

If you have only a few items, you can operate without a payment gateway and only with a merchant account — as long as you can manually assess the order and identify signs of fraud. All you need is a merchant account and a terminal where you can manually key in the credit card information

With a payment gateway, the order and credit card information is directly sent to your merchant account. So if the customer pressed the BUY NOW button twice, their card can be charged twice, as against when you manually key in the number, you can ignore the duplicate order

Add your own answer in the comments!

Payment Data wraps up 2013 with net loss

Payment Data wraps up 2013 with net loss
The company specializes in providing payment-processing solutions for merchants and billers. Payment Data Systems blamed the decrease in revenues on lower transaction volumes in its Automated Clearinghouse (ACH) and prepaid card business …
Read more on San Antonio Business Journal (blog)

How to stop payment on ach payday loans
Payday maintains ongoing communication with hundreds of tax authorities to ensure that we are up to date with the how to stop payment on ach payday loans payroll tax laws and procedures. If you have questions please call 1-877-336-7397. Since sales …
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linked2pay Garners Gold Medal for Top ACH Innovation at Payment Industry's
In 2002, transmodus began building the platform and in 2011 launched linked2pay, a bundled payments processing product that provides quick and secure ACH payments that are as easy to transact as credit card payments and can provide considerable cost …
Read more on The Herald | HeraldOnline.com (press release)

Merchants' Choice Payment Solutions Partners With CardFlight for Customized

Merchants' Choice Payment Solutions Partners With CardFlight for Customized
CardFlight is a leading provider of mobile POS technology and tools that makes it easy for anyone to accept swiped card-present payments in any mobile app with virtually any merchant account. They offer both turnkey mobile applications and robust …
Read more on PR Newswire (press release)

Coin, Wocket, Plastc: The all-in-one cards trying to sprint ahead of Apple Pay
In most cases, credit card information is just being transferred to the merchant's terminal like it would be through a traditional magnetic stripe card. The difference is that Coin, Wocket, and Plastc have all integrated security features that are …
Read more on Ars Technica

MiFID II, MiFIR, Block Trade Washes, AlphaMetrix, Charges for Cash, Bitcoin
No intermediated clearing through a futures commission merchant will be permitted. Before any order of a participant is effectuated, the participant must have all necessary funds in an approved depository account or collateral in the form of the …
Read more on The National Law Review

Lastest ACH Payment News

Where Flexibility Can Help, And Hinder, B2B ACH Growth
Through NACHA's help, the nation's automated clearinghouse (ACH) network for decades has supported payments plus information, meaning businesses can include addenda data to B2B payments. The association, which oversees the U.S. ACH system, …
Read more on PYMNTS.com

Real time payments coming soon … or not?
"Near real-time" payments are acceptable in situations such as corporate disbursements, e-commerce payments, and expedited bill payment. ACH batch-mode processing will always be acceptable in some payment scenarios (such as payroll), while in others …
Read more on Mobile Payments Today

RBI shuts overseas payment gateway for credit card transactions within India

RBI shuts overseas payment gateway for credit card transactions within India
Aprameya Radhakrishnan, cofounder and director of Taxi for Sure, a Bangalore-based online taxi aggregator and Uber rival, said, "It will impact only foreign companies who are operating in India through an international payment gateway or by storing …
Read more on Economic Times

Eason Inks Payment Gateway Deal with TNS
DUBLIN–(BUSINESS WIRE)–Eason, Ireland's leading retailer of books, stationery, magazines, cards and much more, has chosen the TNSPay gateway from Transaction Network Services (TNS) to handle payment transactions made across its store network …
Read more on Business Wire (press release)

Google working with Airtel as payment gateway for digital purchases
While having a credit card is like having a company ID in the US, not all countries have that kind of relationship with that plastic rectangle that makes you buy stuff. In India, for example, most smartphone owners don't own a credit card, making it a …
Read more on Android Community

Emaar MGF partners PayU for online payment facility to buyers

Emaar MGF partners PayU for online payment facility to buyers
Commenting on the development, PayUPayments Pvt Ltd VP & Business Head Vikrant Khorana said: "We are happy to partner with Emaar MGF as their payment gateway provider. Our objective is to provide convenience to their customers. They are now just …
Read more on Economic Times

Outbrain rising stars – interview with Brendon Chase, MRM//McCANN
Phones are our social connector, informer, gaming device, entertainer, dating companion, payment gateway, and they're moving into healthcare fast. We've all talked about the mobile revolution for the past 15 years, but the mobile mind shift is changing …
Read more on The Guardian

Jefferson Hills officials celebrate new public works facility
Site engineers were from Gateway. Construction was by General Industries. Heating, ventilating and air conditioning were by … Payment figures were not available Saturday. Council raised real estate taxes by 1 mill to 5.66 mills this year, the first …
Read more on Tribune-Review

Lastest Payment Gateway News

GoSwiff debuts integrated mobile commerce platform
Gateway: goSwiff Gateway consolidates a merchant's payment processing into one solution covering every payment transaction type and method. This enables payments to be processed quickly and accurately, all on a secure and authenticated platform.
Read more on Finextra

Tanpa Payment Gateway, RI Kebobolan Rp7,5 Triliun per Tahun
VIVAnews – Direktur Jenderal Aplikasi dan Informatika Kominfo, Bambang Heru Tjahyono mengatakan, bisnis transaksi elektronik di Indonesia bakal terus kebobolan jika tak memiliki payment gateway. "Semua transaksi ke luar negeri, setiap tahun, kita …
Read more on VIVA.co.id