07/25/2024

The Benefits of a Comprehensive Payment Platform

A platform allows for the seamless exchanges of funds between entities

When a consumer uses their credit card to purchase a good or service, many financial steps are taken behind the scenes to ensure the payment is complete.

First, the card is used; second, the data is transmitted from the point of sale to a customer’s issuing bank, and then back to the merchant. And it happens in a matter of seconds.

As consumers want this process to happen with ease and secure purchasing transactions evolve, the need for a comprehensive payment platform has become integral to conduct business.

Please select this link to read the complete article from OSAP member i3 Commerce Technology.