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A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. [1] The payment gateway may be provided by a bank to its customers, but can be provided by a specialised ...
The Pan-African Payment and Settlement System (PAPSS) is a Pan-African real-time gross settlement (RTGS) infrastructure for cross-border payments in distinct local currencies. It was publicly launched on January 13, 2022 [1] by the African Union (AU) and the African Export-Import Bank (Afreximbank) to compliment trading under the African ...
Swish ( Swedish pronunciation: [swɪɕː] or [svɪɕː]) is a mobile payment system in Sweden. The service was launched in 2012 by six large Swedish banks, [1] [2] in cooperation with Bankgirot and the Central Bank of Sweden. [3] It had 8 million users as of July 2022 (total Swedish population: 10.2 million). [4]
Security of Payment refers to any system designed to ensure that contractors and sub-contractors are paid even in case of dispute. This can involve a system of progress payments, interim arbitration decisions, or a system which legally requires a company to pay an invoice within a set number of days, regardless of whether the company believes they are accurate.
eBay, PayPal, Kijiji and StubHub, 500 King Street West, Toronto, April 2014. PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders.
Australian Payments Network Limited ( AusPayNet ), formerly the Australian Payments Clearing Association ( APCA) [1] is the self-regulatory body set up by the payments industry to improve the safety, reliability, equity, convenience and efficiency of payment systems in Australia . AusPayNet has over 140 members [2] which include Australia's ...
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