Payment Service Provider (PSP)
A business that provides online Merchants with a Payments Gateway by which they can accept multiple payment methods from consumers across the world. Full-service PSPs not only collect, authenticate, and process payments, they also offer risk management services, reporting, and various levels of fraud protection. Ikajo International uses their own antifraud system, integrated with MaxMind and Ethoca scoring services, to minimize fraud and Chargebacks. They provide real-time support for online payments, mobile payments, and e-giftcards, and they offer the Payspace e-Wallet to allow customers to make flexible and one-click payments with a host of input devices.