Tag: Digital Payment Transactions

Adhesion contracts are boilerplate agreements that have become integral to our daily lives. You can’t change the clauses on a contract of adhesion since they’re non-negotiable. The supplier draws up the agreement, and you only have to take it or walk away.  Notwithstanding, you need to know what you’re getting into whenever you sign one …

Payment fraud is any type of false or illegal transactions completed by a cybercriminal. The perpetrator deprives the victim of funds, personal property, interest or sensitive information via the Internet. For quite some time, fraudsters’ preferred method has been stealing physical payment cards and making purchases with them. This still happens, however, e-Commerce fraud is …

A mobile wallet is a financial instrument that allows businesses and individuals to receive and send money via mobile devices. It is a type of e-commerce model that is developed with mobile devices owing to their convenience and easy access. A mobile wallet is also called mobile money or a mobile money transfer. Digital wallets refer …

Digital payment is a way of payment which is made through digital modes. In digital payments, payer and payee both use digital modes to send and receive money. It is also called electronic payment. No hard cash is involved in digital payments. All the transactions in digital payments are completed online. Smartphone has emerged as a preferred mode for carrying out digital payments since it …

Online banking is a fast, easy and cost-effective way to manage personal and professional finances. If you’re already an online banking user, you know how useful it can be. With online banking, internet users can easily move money between all of their accounts and managing it from anywhere at any time. Forget about bankers’ working …

Online shoppers are thankful for the increase of smartphone technologies in the recent years, the need for a simple and secure online payment method has become an important issue. The fact that so many consumers would be happy to exchange PINs and passwords for biometrics is significant and could have huge consequences for how shoppers will pay in the future. …

A payment gateway refers to the software that processes online payments, such as credit card processors and digital wallets. E-commerce platforms like BigCommerce incorporate payment gateways into their systems to provide a way to collect payments online. “Payment method” refers to the choices provided to shoppers at checkout. For example, the option to pay with …

The payments industry is no exception, and with new innovations of AI and biometrics, the digital transformation is well underway, card payments are still prevalent in the USA. Take a glance at the allowed payments by the government & businesses in the USA: 63% of the USA businesses are accepting non-cash transactions, while 48% are accepting alternative payments. 38% …