What technology underlies most payment processing systems today? 🔊
The technology that underlies most payment processing systems today is point-of-sale (POS) and digital payment platforms. These systems utilize secure payment gateways to facilitate transactions between customers and merchants. Most modern solutions employ tokenization and encryption methods to protect sensitive information, ensuring the security of credit card details during transactions. Furthermore, advanced technologies like contactless payments and mobile wallets enable consumers to make quick and convenient payments, enhancing user experience while maintaining security in processing payments.
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