A merchant account enables businesses to process online credit and debit payments. Your payment gateway or payment platform deposits the funds aggregated from credit card sales in that account. Based on your agreement with the payment processor, the funds are automatically transferred from your merchant account into your business bank...
MOBILE PAYMENTS
With the widespread use of smartphones worldwide, payments are becoming an inseparable part of the mobile shopping experience. In some unbanked countries, like India and Africa, alternative mobile payments have replaced traditional banking services. Other countries, like China, have developed unique mobile apps such as WeChat, that enable social...
MOBILE APPS
Mobile apps are steadily gaining popularity and are being used for online banking, shopping, financial transactions, and many other purposes. Mobile apps should offer extensive payment options to make the user experience smooth and easy. It is recommended to design the apps responsively and offer offline features to maintain connectivity...
MACHINE LEARNING
Machine learning is an application of artificial intelligence (AI) that provides systems with the ability to automatically learn and improve from experience without being explicitly programmed. Machine learning is currently being applied for website and mobile app user authentication to prevent fraud and identity theft. By using behavioral biometrics, the...