September 30, 2010
In the payments industry the practice of identifying merchants by the SIC code (standard industry classification) for the purposes of pricing and underwriting has been hugely valuable. However, it is important to note that Software Companies do not, and will not, classify themselves by an industry code. They, in contrast, are targeting a set of [...]
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September 23, 2010
A payment gateway is a service that facilitates the authorization and processing of payments between a merchant and the customer. A gateway serves as an intermediary between the Merchant and the Acquirer in the transaction flow – communicating transaction information from a website, virtual point of sale or IVR service (for telephone orders) to the [...]
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