Payment Method Channels
A payment method channel refers to the medium or platform through which a payment transaction is initiated and processed. It can include various methods such as wallets, online payment gateways, and other electronic payment systems that facilitate the transfer of funds between a payer and a payee. Payment channels provide the infrastructure for secure and efficient payment processing, allowing individuals and businesses to make and receive payments electronically.
Allowed Payment Method Channels
| Payment Method Channel | Supported Payment Method Types |
|---|---|
| On-Screen Entry | card bank account |
| TEXT | card bank account |
card bank account | |
| Telephonic Entry | card |
| Google Pay | card |
| Apple Pay | card |
PCI Compliance
PCI compliance refers to the adherence to the Payment Card Industry Data Security Standard (PCI DSS), which is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. Compliance with PCI DSS helps to protect cardholder data from security breaches and fraud.