Definitions Archives - SecurionPay - Payment Gateway

Definitions

What Does eCommerce Mean?

Today, running an online business is a natural part of retailers world, and there are many resources mentioning eCommerce with all its attributes. But do you know what does exactly eCommerce mean?

What Is an E-payment System?

An e-payment system is a way of making transactions or paying for goods and services through an electronic medium, without the use of checks or cash. It’s also called an electronic payment system or online payment system. Read on to learn more.

What is The Risk Management in Payments?

Every business owner who sells products or services needs to know what is a risk management in payments. And there’s even more: they need to understand the risk.

What is a Bank Trust Account?

What is a Bank Trust Account? In most banks, trust accounts are offered as an option, and it comes with the possibility of controlling the funds and holding funds for specific purposes, such as paying for an exact bill. It is also an account for savings where you can administer the funds for the benefit of an individual or a
Read more

Whаt iѕ PCI Compliance?

Whаt iѕ PCI Compliance? There are over billion non-cash transactions around the world each day, so it’s important to keep every single payment on the highest security level. This is what PCI Compliance is about. In general, PCI stands for Payment Card Industry. With the internet explosion, appeared a growing need to stay in touch with the customers on the
Read more

What are the benefits of 3D Secure?

3D Secure helps to prevent fraud in online credit and debit card transactions. And that’s the main advantage of this solution. What about the other benefits?

What Is an Issuing Bank?

The issuing bank, as the term goes, is a bank that issues credit and debit cards to consumers. Typically, these are major commercial banks. However, what’s the role of an issuing bank in the payment process and what are its responsibilities?

How to Limit Chargebacks?

One of the major problems for the online merchants and companies that accept credit card payments is the possibility for the cardholder to try disputing the claim. In that case, the bank of your company will notify you about that and you will be billed a fee for the chargeback. Is it possible to prevent chargebacks?

What Is a Payment Fraud?

Payment fraud is a term that scares every ecommerce business owner. There is nothing to be surprised about, fraud can be very costly, and it comes with your money as well as with your credibility and customer’s trust. Read the post to see the meaning of payment fraud.

The Importance of SSL Certificates

SSL (secure socket layer) certificates are very important in today’s world of online business, so any website that wants to accept online payments must implement this concept. Continue reading to see why SSL really matters.