Technical Terms

In the "Knowledge" section, we have compiled a glossary for you on the topics of risk and receivables management, e-commerce, payment and payment protection.

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    Payment Service Provider

Payment Service Provider

A payment service provider (PSP) is a company that offers payment services, typically for E-Commerce businesses. The PSP supplies the technical integration of the Online Shop or the website to the payment methods offered by the payment service provider. This is accomplished with fully operational payment modules for Shop Systems or with flexible interfaces for all systems and programming languages. Universum Group supplements the strict payment processing services for Online Merchants with Fraud Prevention, payment guarantee, and receivables management, with FlexiPay® acting as the payment service provider.

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