Perfect for the purpose

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Possible Answers: IDEAL.

Last seen on: –Wall Street Journal Crossword – September 30 2022 – Back Nine
Irish Times Simplex – Nov 12 2020
Irish Times Simplex – Oct 8 2020
Irish Times Simplex – Oct 30 2019
Irish Times Simplex – Sep 10 2019
Irish Times Simplex Crossword – Aug 8 2017

Random information on the term “IDEAL”:

A payment service provider (PSP) offers shops online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking. Typically, they use a software as a service model and form a single payment gateway for their clients (merchants) to multiple payment methods.

Typically, a PSP can connect to multiple acquiring banks, card, and payment networks. In many cases, the PSP will fully manage these technical connections, relationships with the external network, and bank accounts. This makes the merchant less dependent on financial institutions and free from the task of establishing these connections directly, especially when operating internationally. Furthermore, by negotiating bulk deals they can often offer cheaper fees.

Furthermore, a full-service PSP can offer risk management services for card and bank based payments, transaction payment matching, reporting, fund remittance and fraud protection in addition to multi-currency functionality and services. Some PSPs provide services to process other next generation methods (payment systems) including cash payments, wallets, prepaid cards or vouchers, and even paper or e-check processing.

IDEAL on Wikipedia