Category: Vellis News

The debate between traditional banks and modern FinTech companies is becoming more important than ever. Both options offer distinct advantages depending on what you need, whether it’s saving money, making international payments, or securing a loan.

Healthcare is stressful enough without the added anxiety of unexpected bills. For years, patients across the United States faced “surprise bills” after receiving care — charges they didn’t anticipate, often because an out-of-network provider was involved without their knowledge. 

Obesity has become one of the most pressing health challenges of our time, affecting millions worldwide and driving up healthcare costs. For providers addressing obesity through proper screening and counseling, it’s also important to navigate the complex world of medical billing.

When people commit to a weight loss journey, they’re making an investment in their health, confidence, and future. For clinics, that means making treatments as accessible as possible not just through expert care, but also through flexible weight loss clinic payment options. 

For a veterinary clinic to run well, you have to handle both animal patients and payments safely and securely. With more clients choosing credit or debit cards, veterinary PCI DSS compliance requirements have become a critical part of managing your practice.

Multi-currency pricing (MCP) is a feature that lets businesses show and accept payments in the currency their customers use every day. Instead of seeing prices in just USD or EUR, shoppers can view them in their own local currency such as GBP, JPY, or AUD, making the buying process feel more familiar and trustworthy.

A multi-currency payment gateway is a digital tool that allows businesses to accept payments from customers in different currencies, all through a single, streamlined system. It acts as the bridge between the customer’s preferred payment method and the merchant’s account, automatically handling currency conversion and processing.

A foreign currency bank account is a type of account that lets you hold, send, or receive money in a currency other than your country’s local one. Unlike standard domestic accounts, which only deal in the local currency, these accounts are designed to manage international payments without constant currency conversion.

The four party payment process model is the standard setup behind most credit and debit card transactions. It outlines how payments move between four main players: the cardholder (who makes the purchase), the merchant (who sells the goods or services), the acquiring bank (which processes payments for the merchant), and the issuing bank (which gave…

A payment facilitator (PayFac) is a company that allows businesses, especially smaller ones, to accept payments quickly by onboarding them as sub-merchants under its master account. A payment service provider (PSP), on the other hand, connects merchants to various payment methods and processors but usually requires each business to set up its own merchant account.