With the rise of digital transactions and the increasing complexity of financial operations, understanding the payments ecosystem in Business Central is crucial for businesses looking to streamline their payment processes. In this teaching session, we will cover how transactions flow through a modern vs mono-line integrated payment solution in your ERP, the leading players in the payments ecosystem, and how to demystify your merchant statement, lower your costs, and minimize your security risks.
We will look at:
-The Payments Ecosystem
Understand the key players in the payments ecosystem. This includes merchants, gateways, processors, acquiring banks, issuing banks, card networks (such as Visa and Mastercard), and customers. We will also cover different types of integrations, such as modern vs mono-line solutions, and how they impact the flow of transactions and the merchant’s ability to scale within Business Central.
-Demystifying Merchant Statements and Reduce Costs
We will break down the components of a typical statement and explain how to know your fees. Participants will better understand their transaction fees and how they can be reduced.

-Minimizing Risk and Ensuring Compliance
We will discuss ways to minimize these risks and ensure a secure payment environment when processing payments through Business Central.

By the end of this session, participants will have a thorough understanding of a modern payments solution in Business Central. They will gain insights into how transactions flow, how merchant statements are interpreted, and strategies for reducing costs and minimizing risks. With this knowledge, businesses can optimize their payment processes and stay ahead in today's fast-paced financial landscape. This session will give companies the tools to succeed in today's payments ecosystem.