How Payment Settlements Work and How Long They Take        

by Cheqly team | | Payment Settlement

In 2025, payment settlement remains one of the pillars of international online trade. Globally, the use of digital payment is expected to rise enormously, with figures projected to reach $140.6 billion and grow at a compound annual growth rate of 22.2% to reach $853.0 billion by 2034, demonstrating the extent and sheer necessity of settlement … Continued

What Is a BIN Attack and How to Prevent It

by Cheqly team | | BIN Attack

Fraud in online payments is rising sharply, with BIN (Bank Identification Number) attacks now estimated to account for up to 80% of all credit card fraud, according to FasterCapital. That means most fraudulent card activity now begins with automated scripts testing BINs to find valid card details. For small businesses and payment platforms, this surge … Continued

Payment Reconciliation: What It Is and How It Works

by Cheqly team | | Payment Reconciliation

One of the most essential processes in business finance that is usually hard is payment management. At times, a company may experience cash flow interruptions due to errors, delays, or even mismatched records. Such problems may also lead to the weakening of the company’s relationships with suppliers and customers. This is the moment when payment … Continued

What Is Payment Processing and How Does It Work?

by Cheqly team | | Payment Processing

In a nutshell, every transaction is contingent upon the successful completion of the payment cycle without delays or errors. Through payment processing, businesses are able to receive funds from their clients in various ways, such as a card swipe, online checkout, or mobile tap. However, it is a system that works invisibly in the background, … Continued

What Is a Payment Rail? How It Works and Which One to Choose

by Cheqly team | | Payment Rails

Payment rails refer to the core infrastructure that makes it possible to transfer funds electronically between parties in a financial transaction. Like train tracks directing a train, payment rails offer a secure, defined route for money to flow seamlessly from payer to payee across different banks and platforms. These networks let users make all kinds … Continued

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