Remove Acquirers Remove Data Encryption Remove PCI DSS
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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. Failure to meet these standards could result in fines or bans as a merchant or service, rendering you unable to process payments or send payment data with the major networks.

PCI DSS 88
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How Payment Gateway APIs Work and Code Examples

Clearly Payments

Finally, the acquiring bank settles the funds with the merchant, completing the transaction cycle. Authorization : The API sends the transaction details to the acquiring bank (merchant’s bank), which forwards them to the issuing bank (customer’s bank) for authorization.

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How to Accept Payments Online: Credit Cards, ACH, eChecks and more

EBizCharge

When a customer purchases on a merchant’s website, the payment gateway securely collects and transmits the payment information to the payment processor or acquiring bank for authorization. Therefore, merchants should offer popular payment options that provide consumers flexibility and robust security features to protect sensitive data.

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A Comprehensive Overview of Salesforce

EBizCharge

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

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What is a Payment Gateway and How Does It Work?

Stax

Most payment gateways come with features like fraud detection and data encryption that are specifically geared towards keeping your customers’ payment information secure. A payment processor is a company that acts as the intermediary or middleman between the two banks: the issuing bank and the acquiring bank.

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What is Payment Facilitation as a Service or PayFac-as-a-Service?

Ikajo

Additionally, the vendor can help you acquire the required licenses and security certifications, providing guidance throughout the process. Look into their payment fraud prevention measures, including data encryption, anti-fraud filters, and adherence to PCI DSS.