“Payment Processing software”

definition

The category of payments processing software includes an extensive range of systems that allow companies and individuals to send and receive payments automatically.

Within payments processing software, there are two main groups: B2C and B2B payment solutions.

B2C Payment processors are mainly payment gateways that allow merchants and e-commerce to process payments from their clients with different debit and credit cards and other types of internet transactions securely and in different currencies.

B2B payment processing software refers to mass payments management solutions that help businesses to systematise, simplify and automate recurrent payments for partners and suppliers thereby reducing workload and minimising human error.