Generally, every credit card payment transaction can be classified as either card-present or card-not-present (CNP) one. Card-present transactions usually involve usage of a physical card, and, thus, a swipe of a magnetic stripe, which requires usage of a special device, called magnetic stripe reader (MSR).

A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. The magnetic stripe, sometimes called swipe card or magstripe, is read by swiping past a magnetic reading head. Magnetic stripe cards are commonly used in credit cards, identity cards, and transportation tickets. They may also contain an RFID tag, a transponder device and/or a microchip mostly used for business premises access control or electronic payment.


NFC payments are contactless payments that use near-field communication (NFC) technology to exchange data between readers and payment devices like Apple Pay and Android Pay eWallets or EMV chip cards. NFC devices must be close together to complete an NFC payment, typically less than 2 inches apart, and payments are encrypted and highly secure. When payment and reader devices are close together and activated, the NFC chips exchange encrypted data to complete a payment. The process creates a lightning-fast checkout flow that’s both convenient and one of the most secure payment methods.


EMV is a payment method based upon a technical standard for smart payment cards and for payment terminals and automated teller machines which can accept them. EMV originally stood for "Europay, Mastercard, and Visa", the three companies which created the standard. EMV cards are smart cards, also called chip cards, integrated circuit cards, or IC cards which store their data on integrated circuit chips, in addition to magnetic stripes for backward compatibility. These include cards that must be physically inserted or "dipped" into a reader, as well as contactless cards that can be read over a short distance using near-field communication technology. Payment cards which comply with the EMV standard are often called Chip and PIN or Chip and Signature cards, depending on the authentication methods employed by the card issuer, such as a personal identification number (PIN) or digital signature.

QR Code

QR code payment is a contactless payment method where payment is performed by scanning a QR code from a mobile app.This is an alternative to doing electronic funds transfer at point of sale using a payment terminal.This avoids a lot of the infrastructure traditionally associated with electronic payments such as payment cards, payment networks, payment terminal and merchant accounts. To use a QR code payment the consumers scans the QR code displayed by the merchant with their phones to pay for their goods.They enter the amount they have to pay and finally submit.This is a more secure card-not-present method than others.


Google Pay is a digital wallet platform and online payment system developed by Google to power in-app and tap-to-pay purchases on mobile devices, enabling users to make payments with Android phones, tablets or watches. Send or receive money with zero fees, straight from your bank account to almost anyone. You can send or receive money even if your contact is not on Google Pay. Pay and receive money instantly using your existing bank accounts. No more reloading mobile wallet balances or withdrawal fees. Google Pay works with all banks that support BHIM UPI.


Apple Pay is easy and works with the Apple devices you use every day. You can make secure purchases in stores, in apps, and on the web. And you can send and receive money from friends and family right in Messages. Apple Pay is even simpler than using your physical card, and safer too. Using Apple Pay with your iPhone or Apple Watch is faster than using a credit or debit card. Because spending money shouldn’t mean spending more time at the register.


Text to pay, also known as SMS (Short Messaging Service) payment, is a payment solution that allows consumers to make a payment via texting on their smartphones. With this payment method, your customers send out a text to their client's phone stating they can make a payment and have the option to text back “yes” to complete the transaction. The business will have their client's payment information on file so they don’t have to worry about typing in their credit card information each time. If the business does not have their payment information available, there is an option for the client to add their credit card or bank details to the business's system, so that it is on file for future purchases. This process makes for a seamless experience for both your customer’s business as well as for their clients.