The Payment Services Regulations (PSR) approach will bring about a significant change for all the payment firms. Its aim is to proactively prevent Authorized Push Payment (APP) fraud from occurring.

Transaction process is a term that refers to the adding, changing, deleting, or looking up of a record in a data file or database by entering the data at a terminal or workstation. Most transaction ...

The phrases "point of sale" and "transaction processing system" represent two different, yet closely related concepts having to do with the sales function. Each term represents a distinct and vital ...

In today’s fast-paced business landscape, efficiency and quality are essential for staying ahead of the competition. Straight-through processing (STP) is a solution that enables businesses to expedite ...

Until recently, only certain companies, such as high-frequency trading firms or digitally native companies like Facebook and Google, built their business models around extreme transaction ...

Here’s a question for finance leaders: Is transaction processing a key element of finance transformation? If I think back to the hundreds if not thousands of conversations I have had on the subject of ...

Credit cards are an essential form of payment for millions of Americans, and processing credit card transactions is an unavoidable requirement for merchants. However, each swipe comes with fees ...

Discover how batch credit card processing can save costs with grouped transactions. Learn how it works, key benefits, and considerations for your business.

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. In ...

Yin and yang, life and death, Clark Kent and Superman. Some concepts are so intertwined that it’s impossible to imagine one without the other. Transaction processing (TP) and relational databases ...