Resources

Payments Explained

The Payments Explained is a complete glossary that defines the main terms and concepts commonly used in the payment industry. In just a click you can access great articles and easily learn more about the payments world.

  • B2b payments

    The buying and selling process between businesses have their own inner workings. Check out how it works.

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  • Brazilian currency

    Learn more about Brazilian Currency and get a summary of working within one of the hottest emerging markets in the world: Brazil.

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  • Card testing

    A kind of fraudulent activity where a fraudster tries to determine if stolen card information can be used to make purchases.

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  • Chilean peso

    Whether you’re investing in a business or the country itself, there’s a good reason to keep an eye on Chile. Learn everything about Chilean Peso.

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  • Contactless payments

    An increasing trend, contactless payments are a popular way for merchants to receive money for their goods and services. See how does it work.

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  • Credit card

    Learn all about one of the most used payment method in Latin America and why you need to accept it in your online store.

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  • Credit card declines

    Credit card decline is when for different reasons, a credit card payment cannot be processed and the transaction is declined.

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  • Cross-border payments

    Cross-border payments defined as funds paid to or taken in from different countries, so the location where the merchant is registered is different from the country where the customer's card was issued.

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  • Credit card schemes

    With card schemes, your customers can make purchases and pay bills, online or in-store, without the need for cash or cheques. Learn about card schemes.

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  • Chargeback

    A chargeback is the act of a customer filing for the return of their funds directly with the bank, that can happen for different reasons.

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  • Debit card

    Learn all about one of the most used payment method in Latin America and why you need to accept it in your online store.

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  • Deflation

    In this article we discuss what causes deflation in the economy, types of deflation, and If deflation is good or bad. Find out more!

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  • Fintech

    Fintech is one of the fastest growing sectors in the digital world, and in fact, it could be the most influential. Learn more about fintech.

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  • Foreign exchange

    Currency transactions happen at all hours all over the globe, and their values are in constant flux. See how Foreign Exchange works.

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  • Fraud prevention

    Are strategies focused on preventing the transactions from fraudsters and provide business protection.

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  • Hosted payment page

    It is a third-party checkout web form that handles electronic transactions (payments made with credit and debit cards).

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  • Identity theft

    Is the crime of obtaining personal or financial information, such as identity data or driver's license.

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  • Inflation

    Inflation means that the prices are rising and there can be various factors that could be the reason for this. Learn more about how inflation works.

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  • Installments

    A popular payment method that splits up the total amount due to monthly payments, allowing customers to make higher prices purchases.

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  • Intelligent payment routing

    Everything you need to know about Intelligent Payment Routing and how it can affect your business.

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  • Merchant service provider

    What is the meaning of Merchant Services Provider? Keep reading to find out all about merchant providers and how to choose the best one for you.

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  • Oxxo

    OXXO invoice is a payment method which is widely used by Mexicans to pay for their utility bills and even online purchases, in cash.

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  • Payment gateway

    A payment gateway is a mechanism that assures security and facility sending credit card information from the merchant's website to the payment processor.

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  • Payment authentication

    In this article, we’ll take a closer look at different payment authentication methods.

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  • Payment processing

    Is the entire process of an online payment transaction which involves different players such as the payment processor, the acquirer and issuer bank.

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  • Payment reconciliation

    The best way to ensure good financial standing is to establish a payment reconciliation protocol. See how Payment Reconciliation works.

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  • Psd2

    PSD2 is the new EU financial directive. It obliges banks to open up their data in a secured form so that it can be shared between Third Party Providers.

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  • Payment service provider

    Payment Service Providers work on the backend of the e-commerce and bring all the main parties involved in the transactions together.

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  • Payout

    A Payout is a solution that allows you to pay your local service providers, suppliers, gig workers, and partners in Latin America.

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  • Pci dss

    PCI DSS: Payment Card Industry Data Security Standard is a set of 12 security standards designed to ensure that all the card payments are being processed safely.

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  • Pix

    PIX is the system created by the Brazilian Central Bank to bring instant payments to life. It is through PIX that all wallets that use QR Codes will be interoperable.

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  • Remittance

    Commonly used for international money transfers, remittance transactions are a popular mode of payment. Learn more about Remittance.

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  • Recurring payments

    Find out what is the definition of automatic recurring subscription payments and how these monthly charges and fees can help your business model.

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  • Refund

    When a customer buys a product our service and after asks for his money back so the merchant needs to make a reimbursement.

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  • Subscription payment

    For businesses with a product or service that can be offered over time, subscription payments are a quick and reliable way to retain customers.

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  • Swift code

    SWIFT stands for Society of Worldwide Interbank Financial Telecommunication. See how does it work.

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  • Tokenization

    Tokenization is the process to create tokens to protect customers’ sensitive data by replacing it with algorithmically generated numbers and letters.

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