Knowledge Center

Curious to learn more about the payment industry? At UCP we've gained lots of knowledge throughout the years, for our visitors we created a dedicated page that captures this and puts it to use in the different articles you can look at below!

Find answers to your all your questions about the payment industry!

Achieving EMV

There are many common misconceptions about achieving EMV and how it affects kiosk manufacturers, ISOs, and merchants. By the end of this you should have a good idea of what it takes for all of these groups to get their products past the “EMV capable” finish line.

How Does Payment Processing Work?

A credit card transaction appears straightforward at first glance, however, there are several other factors at play. A number of electronic processes take place to finalize the transaction when you use a credit or debit card to make a purchase. A single card transaction involves the processing, verification, acceptance, or denial of a payment as well as the transfer of funds.

How Secure Is Credit Card Processing?

Payment Gateway

What Is a Merchant Account?

A merchant account operates differently from a company bank account. A business account is used to pay for operational expenditures like rent. A merchant account is exclusively used to handle credit cards.

What Is a Payment Gateway?

A payment gateway creates a secure link to encrypt and safely transfer credit card data. While preventing the leakage of a customer's personally identifiable information during a transaction, the payment gateway authenticates the legitimacy of a card.

What Is a Payment Processor?

A payment processor is a type of vendor service that enables store owners and other company owners to accept payments from clients who don't use cash or checks. A payment processor is the interface between the customer's and the merchant's banks.

What Is a Point-of-Sale System?