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How Do You View The Evolution Of Online Payment Processors?
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[QUOTE="Holicent, post: 240456, member: 76163"] [FONT=Verdana]Online payment processors have come a long way in the last decade or so. The recent emergence of cryptocurrencies is just one example of how far we've come. Bitcoin is able to do transactions that, not too long ago, were thought impossible (and, some might say, still are). But the evolution of online payment processors has been a very gradual process. It all started back in the 1970s and 1980s with credit cards. Since then, we have seen our options increase in number and quality. The first generation of payment processors was very rudimentary in terms of security, but they had what was needed at the time: an easy way to transfer funds from a customer's bank account or credit card company to the merchant's account. As more consumers warmed up to online shopping, there was a need for more sophisticated solutions. Payment processors stepped up and started offering added levels of security such as encryption of sensitive data and additional layers for authentication such as requiring a PIN number or CVV code from the back of a credit card to be entered during checkout. Today there are many options for people to pay for goods and services on the internet, from debit cards to prepaidgift cards, to e-wallets like PayPal, Square Cash, Payeer, Payoneer, etc. We're always looking for new ways to exchange money online—it's what keeps us innovating. I perceive more coming. [/FONT] [/QUOTE]
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How Do You View The Evolution Of Online Payment Processors?
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