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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

How Merchant Underwriting Works The merchant underwriting process typically follows a few steps carried out by the payment facilitators or acquiring bank to develop an underwriting risk profile. Ensuring adherence to legal and regulatory standards, such as PCI DSS (Payment Card Industry Data Security Standard) requirements.

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Credit Card Processing for Small Business: Everything You Need to Know

Stax

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. Below are a few best practices that can help keep your in-house digital systems as secure as possible.

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What is the Terminated Merchant File?

Fi911

Alternatively known as the MATCH List, seeks to safeguard banks from extending acquiring services to high-risk enterprises. Acquirers and processors within the Mastercard network routinely consult the TMF or MATCH List prior to onboarding a new merchant. This blacklist is maintained by Mastercard. Why Was a Merchant Added to the TMF?

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Interchange fees are fees your bank (acquirer) pays to the cardholder’s bank (issuer) in a credit card transaction. Enter the PCI DSS compliance.

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PCI requirements and who needs to follow them

Basis Theory

Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. Don't, however, let the term "merchants" fool you.

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Deep Dive: Fighting Card Data Breaches With Payments Partnerships

PYMNTS

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum.

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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

The provider works behind the scenes with acquiring banks, card networks, issuing banks, and other financial institutions to ensure the seamless transfer of funds between buyers and merchants. The acquiring bank will check with the customer’s issuing bank to confirm that the customer holds sufficient funds to complete the transaction.