👉 Payment computing is the technology and processes that facilitate the electronic exchange of money, goods, and services. It encompasses a wide range of activities, including authorization, clearing, settlement, and reconciliation, all designed to securely and efficiently enable transactions between buyers and sellers. This system typically involves various components such as payment processors, banks, card networks, and digital wallets, which work together to ensure that transactions are processed quickly, securely, and accurately. Payment computing supports multiple payment methods, including credit and debit cards, mobile payments, digital currencies, and more, making it a crucial element of modern financial transactions.
