Category: Vellis News

Not everyone has access to a traditional bank account, but that doesn’t mean they’re excluded from financial transactions. It’s entirely possible to send money without a bank account safely and efficiently.

When it comes to looking and feeling your best, Botox remains one of the most popular aesthetic treatments on the market. But for many people, the cost can be a barrier especially when it’s time for touch-ups every few months. 

Businesses face growing threats from increasingly sophisticated fraud schemes. Regardless of your industry, protecting your systems and customers from fraud is essential to avoid financial losses and maintain trust. This is where machine learning steps in as a game-changer.

If your business handles online payments in Europe or serves customers who live there, you’ve likely heard of PSD2. 

AML stands for Anti-Money Laundering, and it refers to a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income. AML compliance is essential for protecting the financial system from being misused by bad actors.

One of the most overlooked yet crucial decisions is choosing the right payment processing pricing model. Understanding the difference between interchange plus pricing vs flat rate can help you control costs, gain transparency, and prepare for future scalability.

When customers swipe a card or make an online payment, most people assume the money is instantly transferred. But behind the scenes, there’s a structured process that ensures security, accuracy, and control. This two-step system revolves around two key concepts: authorization vs capture.

If you’ve ever signed up to accept credit or debit card payments at your business, chances are you entered into something called a merchant agreement. 

When you make a financial transaction, two important processes quietly work behind the scenes: clearing and settlement. These steps are crucial to making sure your transaction actually goes through. While they’re often mentioned together, they serve very different purposes. 

When setting up your business to accept card payments, you’ll likely encounter the terms merchant acquirer and payment processor. They may seem interchangeable, but they play very different roles in the payments ecosystem.