Last Updated: April 21, 2023

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Kaushik Kalathiya

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A payment solution typically works by securely capturing and transmitting customer payment information through a variety of channels, such as mobile devices, online portals, or POS terminals. The payment solution then verifies the payment information, encrypts the data to prevent fraud or theft, and transmits it to the appropriate financial institutions for authorization and settlement. Once approved, the payment solution completes the transaction and generates a receipt or confirmation for both the customer and the merchant.

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