Payment Industry

Have you ever wondered what happens behind the scenes when you use a debit, credit card or prepaid card to buy something online or in a store? The technology behind this is called payment processing.

Building your own payment infrastructure can be a daunting task. There are many factors to consider, such as security, compliance, and scalability. In this article, we will discuss the costs and considerations involved in building your own payments infrastructure.

Here are some of the main terms that you need to know to get started if you are moving into the online payment space or want to learn more about it.‍

In the past few years, the concept of Banking as a Service (BaaS) has gained significant traction, with more and more companies looking to leverage this technology.

Online payments are processed through various methods, including credit cards, debit cards, and online payment systems such as PayPal, Square, Klarna, etc. Once a customer submits their payment information, the payment processor verifies the information, and then he initiates the