Online payment systems


ACH Payments are electronic credit and debit transfers, allowing customers to make payments from their bank accounts for utilities, mortgage loans, and other types of bills. ACH stands for Automated Clearing House and most payment processors offer ACH payment options to their customers, especially for monthly- and subscription-based transactions. Most payment solutions use ACH to send money (minus fees) to their customers.


A Merchant Account is a bank account that allows a customer to receive payments through credit or debit cards. Merchant Providers are required to obey regulations established by card associations. Many processors act as both the merchant account as well as the payment gateway.


A Payment Gateway allows merchants to securely pass credit card information between the customer and the merchant and also between merchant and the payment processor. The payment gateway is the middleman between the merchant and their sponsoring bank.


A Payment Processor is the company that a merchant uses to handle credit card transactions.

Payment processors implement anti-fraud measures to ensure that both the front-facing customer and the merchant are protected.


PCI Compliance is when a merchant or payment gateway sets their payment environment up in a way that meets the Payment Card Industry Data Security Standard (PCI DSS). The PCI DSS standard was created by the Payment Card Industry Security Standards Council to increase security of cardholder data and to reduce fraud.


Keyline Telepay can protect your company from huge fines and more for non-compliance.

Posted on: 16th March 2017, by :