Knowledge Center

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.

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.

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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.

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.

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.

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