With cash purchases becoming rare and the risk of accepting checks rising, the preferred payment method for goods and services is through the growing use of credit and debit cards. (banksisonline.com)
The law would prohibit South Korean companies from providing settlement services for cryptocurrency transactions, a crucial part of credit and debit card transactions. (theverge.com)
Typically, business owners who accept credit and debit card payments have to invest in a merchant processor account. (entrepreneur.com)