payment processing

Payment processing is the sector that facilitates electronic transactions between buyers and sellers, handling the authorization, clearing, and settlement of payments. It involves the infrastructure and services that enable the transfer of funds for purchases made online, in-store, and through other channels.

Why it’s in the news: It is in the news due to a growing demand for its services, driven by the integration of artificial intelligence into commerce and payment workflows.

Latest on payment processing

• Fintechs get boost from global AI firms as payment processing demand rises
• Visa processes payment transactions for OpenAI's services, facilitating purchases initiated by artificial intelligence
• The partnership represents an expansion of AI integration into payment processing and commerce workflows
• AI Can Plan the Trip but Booking Holdings Wants the Transaction

Connections

3 entities linked to payment processing across the news graph.