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A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers , and those who accept them, i.e. retailers .
The Payment Card Industry Data Security Standard (PCI DSS) is an information security standard used to handle credit cards from major card brands. The standard is administered by the Payment Card Industry Security Standards Council , and its use is mandated by the card brands.
Swish (Swedish pronunciation: or ) is a mobile payment system in Sweden.The service was launched in 2012 by six large Swedish banks, [1] [2] in cooperation with Bankgirot and the Central Bank of Sweden. [3]
The New York–Dublin Portal (also simply known as The Portal) was an interactive installation created by Lithuanian artist Benediktas Gylys to allow people in New York City and Dublin to interact with each other using two 24-hour live streaming video screens (without audio).
'Extend', formerly SPAN) is the major payment system in Saudi Arabia. Established by Saudi Central Bank (SAMA), it connects all ATM and point of-sale (PoS) terminals throughout the country to a central payment switch, which in turn re-routes the financial transactions to the card issuer (local bank, Visa, American Express or MasterCard).
Security of Payment refers to any system designed to ensure that contractors and sub-contractors are paid even in case of dispute. This can involve a system of progress payments, interim arbitration decisions, or a system which legally requires a company to pay an invoice within a set number of days, regardless of whether the company believes they are accurate.
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