What technology enables fast payment processing for eCommerce? 🔊
Fast payment processing for eCommerce is enabled by payment gateways and digital wallets. These technologies facilitate immediate transactions by securely transmitting payment information from the customer to the merchant's bank. Additionally, tokenization and encryption enhance security during transactions, reducing the risk of fraud. Technologies like contactless payment and mobile payment solutions also contribute to speed, providing users with a quick checkout experience. Overall, these innovations create a seamless and efficient purchasing process for consumers.
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