Strategy

Acquiring in the payment sector refers to the process in which acquiring banks process credit and debit card payments for merchants. They provide the necessary technology to authorise and process payments and credit the amounts to merchant accounts. This enables merchants to accept card payments securely and efficiently.

The terminal business comprises transactions at physical payment terminals that process card payments at points of sale. These terminals accept credit and debit cards via various technologies and authorise payments in real time. They are essential for the retail sector as they enable fast and secure payment transactions.

Issuing refers to the process by which banks or financial institutions issue payment cards such as credit or debit cards to consumers. These institutions, known as issuers, provide the cards, set the credit limits, authorise transactions, bear the risk for payments made and settle them with the cardholders. Issuing enables consumers to make payments and access various financial services and thus forms the basis for the global payment system.

Soft POS (Point of Sale) is a technology solution that makes it possible to turn a smartphone or tablet into a payment terminal. Instead of traditional hardware terminals, retailers use an app to accept card payments via the device's integrated NFC technology. This allows contactless payments to be accepted directly on the mobile device, without additional hardware.

The e-money licence is a regulatory authorisation that allows companies to issue and manage electronic money. Electronic money refers to a digital form of cash that is typically used for online transactions. This licensing is crucial as it ensures that companies offering e-money services meet certain financial and operational standards to ensure the security and reliability of the services.

Benefit cards are payment cards that employers offer their employees as additional benefits. These prepaid cards can be used in specific areas and serve to promote employee well-being and reduce costs. They are an effective means of employee retention and provide tax-favoured benefits.

TA migrations in the area of payment transactions focus on the modernisation of existing payment systems in order to introduce newer technologies and improve overall efficiency. These processes require comprehensive planning in order to fulfil compliance standards on the one hand and ensure the security of payment transactions on the other.

Payment processing systems are critical to the smooth running of digital commerce by enabling secure and efficient transactions between buyers and sellers. They integrate technological solutions to support various payment methods, from credit cards to e-wallets, and contribute significantly to improving the customer experience.