Because both tokenization and encryption in payment processing can help prevent hacking or unauthorized access, they’re often used interchangeably. However, they function very differently. As a business owner, you should know the differences between these two security measures to choose the most appropriate one to protect your data and secure customer payments.

Payment processing in healthcare is one of the most complex and challenging problems facing the industry. As technology and policies continue to evolve, healthcare providers are struggling to keep up with the financial side of patient care. 

If you have a product or service, you need to provide customers with every payment processing method available. Only 20 short years ago, check and card payments were the only way to go. Now, there is a multitude of payment options for consumers to choose from.

Payment gateways or “payment portals” have become essential to the security of businesses accepting payments online. When you’re just starting a business, online fraud can cost you more than a single purchase. According to a 2018 survey, Statista states that “US merchants lost an estimate of 6.4 billion dollars in payment card fraud loss.” Small businesses are no exception. On average, small businesses lost an estimated $155,000 a year. That much money can make or break a new business. That’s why it’s...

Is your brick-and-mortar or eCommerce store prepared for the onslaught of customers during these three days? The best way to prepare your business for any challenge is by equipping yourself with information. One of the most important component of your Black Friday/Cyber Monday plans may be your credit card processing solution.  Is your business ready?

PCI Compliance is important to maintain year round, at all times. Any gap in PCI Compliance designation is a major liability for your business. Non-compliance can lead to many different consequences such as monthly penalties, data breaches, legal action, damaged reputation, and even revenue loss. Achieving and maintaining PCI Compliance, however, can be complicated and time consuming when not working with a payment processing expert that you can trust. REPAY strives to make PCI compliance as simple as...

The Financial services and Payment industry are constantly changing and evolving. In the past couple of decades alone, we have seen the payments world transform rapidly with the rise of eCommerce, mobile transactions, and many more innovations that has revolutionized the way businesses process payments. It is a trend that will continue well into 2020 and beyond. As there are many trends to watch that are happening in the world of payments, the REPAY team has made it easy for you to understand the top 2020...