Payment Processing
/ˈpeɪmənt ˈproʊsɛsɪŋ/
Definitions
- (n.) The handling and execution of transactions to transfer funds from a payer to a payee, often regulated to ensure compliance, security, and dispute resolution.
The contract outlined the responsibilities of the company in payment processing.
Forms
- payment processing
Related terms
See also
Commentary
Payment processing involves both technological and legal compliance aspects, especially regarding consumer protection and anti-fraud regulations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.