Articles on Payments

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Payments Market, Size, and Growth

Payments Market Overview, Size, and Growth

You cannot talk about payments without talking about digital payments. Cash and checks are declining in use while digital payment forms are skyrocketing. The number of checks being written is dropping by 1.8 billion a year, and at that rate, checks would go away entirely by 2026. Checks may stay a little longer than that, but they will become very niche. Therefore, this article focuses

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What Open Banking Means to Canada

What Open Banking Means to Canada

What is open banking? Open Banking is a financial technology (fintech) trend that allows customers to share their financial data with third-party providers, such as

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The best debit machines in Canada and USA

The Best Debit Machines in Canada

Payment machines, also known as payment terminals, have been around since about 1960. Before they were actual machines, they were card imprinters and then they

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How a Credit Card Transaction Works in Payment Processing

How a Credit Card Transaction Works

There is a lot that happens in a credit card transaction. There is consumer identity verification, merchant status verification, fraud detection, and bank communication. All

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What is a virtual terminal in payment processing?

What is a Virtual Terminal?

A virtual terminal is a web-based application that allows merchants and business owners to accept credit card payments using an internet browser on a computer,

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