PSP

Description

PSP stands for Payment Service Provider who offers merchants or their shops easy integration of different paymethods including credit card, wallet and bank-based payments. The PSP is dealing with various payment integrations and protocols and offers a unified API to merchants.

PSP stands for Payment Service Provider, a company which offers (online) shops an easy integration of different payment methods including credit card, wallet, and bank-based payments.

The PSP is dealing with various payment integrations and protocols and offers a unified API to merchants.

In addition, a PSP offers:

• Processing of payments worldwide

• cross-channel payment methods (Omnichannel)

• Fraud prevention (Fraud Management)

• Risk management

• Settlement information on consumer payments (reconciliation)

• simplified PCI DSS certification for a merchant

• further certifications like ISO 27001, PCI PIN, PSI P2PE

Further information can be found here:

• https://computop.com/us/

• https://computop.com/us/solutions