Today, Berkeley’s has a single platform that facilitates for businesses in North America the development and implementation of any payment programs they want to establish for their customers, fully branded as their own. “The reason no one's ever heard of Berkeley is because nothing ever says Berkeley,” explains Tepperman. “From our call center to our websites, to everything that our customers and their customers see, they only see their own brand name.
Payment processing is the process of authorizing and settling a payment between a customer and a merchant, capturing the payment details, verifying that the funds are available, and transferring the funds from the customer's account to the merchant's account. This process enables businesses to securely accept payments from various payment methods, such as credit cards, debit cards, prepaid cards, e-wallets, and bank transfers.