White-label payment processing enables software platforms to sell branded payments capabilities that are developed by another company. Essentially, a software platform can brand and customize the entire payment experience for its clients. Neither the end user nor the platform’s clients see the facilitator or interact with it directly.

B2B payments are transactions made between businesses for goods or services. Unlike consumer payments, they often involve larger amounts, more complex invoicing, and require flexible payment options like ACH, virtual cards or wire transfers.

Payment optimization is the process of improving how payments are routed and processed to increase approval rates, reduce costs, and enhance the user payment experience.

A full payment platform is an end-to-end solution that lets you accept global payments through one integration, one contract, and one account. 

Payment routing data includes details like card type, issuing bank, currency, and transaction history. Using this data intelligently helps payment platforms optimize routing decisions, boost authorization rates, and lower transaction costs

Integrations streamline your AR process by connecting systems like accounting, CRM and invoicing tools — reducing manual work and helping you get paid faster.

The AR process includes sending invoices, following up on unpaid ones, receiving payments and updating records. In many businesses, this process is mostly manual.

• The use of open APIs to allow authorized third parties to have access to accounts
• Greater transparency in a provider’s terms and conditions and the details of their financial products
• Resolution of complaints and reporting of security incidents within a set amount of time
• No credit card surcharges to ensure equity among payment methods

• Something only the customer has
• Something only the customer knows
• Something only the customer is

• 2007: The European Economic Area (EEA) enacts the very first Payment Services Directive (PSD) to create a unified payment market in the European Union.
• 2013: The EEA recognizes the need to update PSD based on technological changes and formulates the groundwork for PSD2.
• January 2016: EEA member countries vote to pass the PSD2 regulation to be enacted in 2018.
• June 2017: An open, harmonized API for the EEA is introduced, enabling third-party access under PSD2 standards.
• November 2018: Strong customer authentication measures are introduced under PSD2 to better protect consumers from digital payment fraud.
• January 2018: All EEA member states officially pass PSD2 and agree upon a future timeline for implementation.
• December 31, 2020: After multiple deadline postponements, PSD2 SCA officially goes live and in effect for all EEA member countries.
• September 14, 2021: PSD2 SCA goes live and in effect for the UK post-Brexit. The UK had voted in favor of PSD2 when it was still part of the EEA.

• Payment network policies: These include any rules, regulations, guidelines or specifications put forth by payment networks, including EFT networks and Credit Card Associations. 
• Data privacy: These regulations cover the rights given to individual data subjects concerning the personal data being stored (information like an individual’s name, email, location, online identifier, IP address, home address, etc.), including the right to prior notification of what the data is being used for, how it will be processed and when it will be deleted. 
• Consumer security: These regulations protect consumers from fraud and theft, such as the Revised Directive on Payment Services (PSD2), enacted by the European Parliament, which requires Strong Customer Authentication (SCA) via three levels of identification for every transaction, from card number confirmations to texts with authorization codes.
• Payment Card Industry Data Security Standards: Payment Card Industry (PCI) is a Data Security Standard (DSS), which is a set of requirements established by the major card companies to ensure that all businesses that process, store and/or transmit credit and debit card information maintain a secure environment. These standards help to defend against cyber-attacks, data hacks and other security breaches, which can result in extensive costs associated with loss of business, credit monitoring, post-breach audits and security updates.
• Tax collection: Tax responsibilities for businesses depend on a variety of factors such as the sales revenue, transaction volume and the location in which sales occur. In addition to the specific local tax laws, the payment model under which your business operates also has an impact.
• IT security: These regulations ensure that businesses are protected against hackers, cybersecurity regulations have been drafted to cover elements including data center redundancy, data storage, data recovery and other security investments.

• A purchasing customer may choose their preferred payment plan and payment method (debit or credit card, direct deposit, digital wallet, etc.).
• The company will receive the order info and use a payment solution to manage the subscription billing details.
• The payment solution stores the payment information and processes the payment request.
• The customer is charged and then issued regular statements on the agreed-upon schedule.

• The gateway captures the transaction request and either encrypts or tokenizes the information, then routes it to an acquiring bank.
• The acquiring bank (which provides your merchant account) takes ownership of the transaction request. Its job is to get authorization for the transaction.
• The issuing bank assesses the request: Does the customer have sufficient credit or funds? The issuing bank generates a response — yes or no — and sends it back to the acquiring bank via the card network.
• The acquiring bank sends the response back to the payment gateway.
• The payment gateway’s final job is to present the answer either back to the merchant or to the shopper directly (if you’re using a hosted payment page). 

• Card number
• Expiration date
• CVV/CVV2
• Billing Zip Code

• Fewer manual tasks mean less busy work for your teams, allowing them to focus on higher value operations.
• Automatic account updating means immediate updates and instant notifications, reducing costly downtime and ensuring that payments are faster.
• Dashboards are updated in real time, providing instant insights into important metrics such as AR performance, customer accounts, payment processing and more, for better overall data management.
• Faster turnaround times and fewer errors result in less frustration for customers, while branded portals offer secure places for them to pay online.
• Overall improved efficiency saves your company money, makes it easier to scale and can lead to more business opportunities.

• Account level — You must configure an account-level statement descriptor, that serves as the default descriptor for all transactions. Refer to Defining the account-level statement descriptor.
• Per product (only with BuyNow hosted checkout) — If you are using our BuyNow hosted checkout pages, you can set up a separate statement descriptor per product on the Product Information page.
• Per transaction and per subscription — If you are using our Payment API or Extended Payment API, you can also define a descriptor dynamically per transaction and per subscription by including the soft-descriptor property in your request. Refer to the API documentation.