What is Payment Stack?

What is ‘payment stack’?  Payment stack is an industry phrase that describes the components – systems, software and services – needed to create a payments solution.   It refers to the technologies and processes a business uses to accept payments from its customers.  A payment stack covers every stage of the consumer purchasing journey, from where payment requests come from and type of payment, to where the transactions go to be authenticated, processed and ultimately result in settlement (the process by which the retailer …

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