SpectrumPayment Solutions
All terms
Payment Methods

Digital Wallet

A mobile or online service that stores tokenized payment credentials for fast, secure checkout. Offering wallets can lift conversion — especially on mobile — because they reduce typing and add device-level authentication.

Wallets combine convenience with strong built-in security, making them a useful addition to a high-risk checkout that needs both trust and speed.

Go deeper

Related terms

Security & Compliance

Tokenization

Replacing sensitive card data with a non-sensitive token that can be stored and reused safely. Tokenization lets merchants support recurring billing and one-click checkout without holding raw card numbers, reducing both risk and compliance scope.

Read
Payment Methods

Card-Not-Present

A transaction where the card is not physically presented — online, over the phone, or in-app. CNP sales carry higher fraud and chargeback risk than in-person sales, which is why they rely on fraud tools like CVV, AVS, and 3-D Secure.

Read
Payment Methods

Buy Now, Pay Later

A checkout option that splits a purchase into installments, with the provider paying the merchant up front and collecting from the customer over time. BNPL can raise conversion and average order value when it fits your audience.

Read

Ready to get approved?

Tell us about your business. A high-risk specialist will map the fastest path to live payments.

Start my applicationapply@spectrumepay.com