Basis Theory

OCTOBER 1, 2024

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.

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PCI DSS Compliance Encryption Assessments 88

Fi911

MAY 7, 2024

Alternatively known as the MATCH List, seeks to safeguard banks from extending acquiring services to high-risk enterprises. In certain circumstances, such as excessive chargebacks, data breaches, fraudulent activities, or violation of regulations, a merchant’s account may be terminated. This blacklist is maintained by Mastercard.

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PCI DSS Processors Compromise Identity Theft 95

Stax

JANUARY 15, 2024

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.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

APRIL 8, 2025

Acquiring bank – The merchants bank that receives and disburses the funds. PCI compliance fee – This fee is usually charged by the payment processor or acquiring bank to ensure the business follows Payment Card Industry Data Security Standard ( PCI DSS ) requirements to protect customer data.

Credit Cards 88

Credit Cards Process Processors Push-to-Card 88

Stax

SEPTEMBER 17, 2024

When consumers have faith in your business and capabilities to protect their data, they’re more likely to shop with you. There are 12 requirements under PCI DSS, divided into six major categories. Each requirement plays a critical role in building a secure environment for payment processing. What is PCI Compliance?

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Credit Cards PCI DSS Compliance Process 88

Stax

MARCH 11, 2025

The acquiring bank : the is the financial institution that issued the merchant account and receives the funds from the transaction into that merchant account until the payout date. Some payment gateways use tokenization to secure sensitive customer details. This is another factor to consider when evaluating third-party providers.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Stax

NOVEMBER 21, 2024

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.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Stax

MARCH 5, 2025

To choose the right solution, you need to look at various factors when evaluating potential providers, including supported payment types, transaction fees and pricing structures, payout speed, and PCI DSS compliance. Security Its a given to have a provider that protects cardholder data in this digital age.

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Credit Card Payment Processing Credit Cards Process Payment Gateways 88

Clearly Payments

SEPTEMBER 22, 2024

The MATCH (Member Alert to Control High-risk) list is a tool used by acquiring banks and payment processors to manage risk. Only acquiring banks have the authority to add or remove a merchant from this list, making it a powerful tool in the payments industry. What Is the MATCH List? How Do Merchants Get on the MATCH List?

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Processors PCI DSS Credit Cards Non-Bank 102

Payments Source

JUNE 2, 2016

The National Retail Federation wants the Federal Trade Commission to do more than merely check up on the companies that routinely assess merchants for compliance with the Payment Card Industry Data Security Standards (PCI DSS).

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PCI DSS Federal Trade Commission Legal FTC 62

PYMNTS

JANUARY 19, 2021

When you have local bank accounts, you can have local acquire, which will increase your acceptance rate,” Schott said. As the seller of record, we manage the filing, the collection and the remittance of taxes in every jurisdiction.”.

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Cross-Border PCI DSS Fraud Prevention Regulations 128

The Fintech Times

DECEMBER 14, 2023

Cross-border payments consultancy FYST has revealed the biggest trends in acquiring, including how the sector is tapping into artificial intelligence to boost fraud detection and optimise payment authorisation. For card acquiring specifically, the volume of transactions grew at 23 per cent over the same period.

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Acquirers PCI DSS Fraud Detection Cross-Border 59

Stax

MARCH 18, 2025

Because of this,the concern for payment security is at an all-time high. To keep the system of securing financial information and cardholder information safe, a multi-pronged approach to payment processing data security is imperative. Encryption protects sensitive data by encoding it before sending it out.

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PCI DSS Encryption Data Breach Credit Cards 88

PYMNTS

OCTOBER 5, 2020

Customers’ data is transmitted to various parties when their cards are used at checkout and many hackers seek to compromise these communication flows to steal details. Hackers often try to intercept the data as it travels between entities, attempting to breach retailers’ or their payment providers’ systems to obtain stored cardholder details.

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Data Breach Breach PCI DSS Compliance 82

Clearly Payments

JUNE 3, 2024

Tokenization not only enhances security but also helps businesses comply with regulatory standards, such as the Payment Card Industry Data Security Standard (PCI DSS) , by reducing the amount of sensitive data they store and handle. This makes network tokenization more secure than PCI tokenization.

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PCI DSS Payment Gateways Gateways Payments 59

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MARCH 18, 2025

It ensures the secure transfer of funds from a customer to a merchant via their preferred payment method. A typical payment processing procedure involves multiple parties, including the merchant, customer, payment processor, payment gateway, issuing bank, acquiring bank, and card networks.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

EBizCharge

AUGUST 12, 2024

Intermediaries like merchant acquirers that facilitate these digital transactions play a crucial role. This article will outline a merchant acquirer’s specific functions and obligations and what businesses should consider when selecting one. What is a merchant acquirer? If approved, the merchant completes the sale.

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Credit Cards Acquirers Process Debit Card 52

PYMNTS

FEBRUARY 10, 2020

” The SAP add-on assists with digital payment types that have to comply with the Payment Card Industry Data Security Standard (PCI DSS). Fiserv acquired First Data in January 2019 and cloud-based point-of-sale firm Clover in July. ” Fiserv posted Q4 adjusted earnings of $1.13 billion expected.

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B2B PCI DSS Payments Adjustments 67

Stax

MARCH 15, 2024

The primary security standards that payment systems typically adhere to include: Payment Card Industry Data Security Standard (PCI DSS): PCI DSS sets forth requirements for securing payment card data, including encryption, access control, network monitoring, and regular security testing.

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Process Security PCI DSS Encryption 88

Clearly Payments

DECEMBER 3, 2023

Credorax: Smart acquiring solutions (International). CyberSource: Secure electronic payment services (International). Tokenization: Tokenization helps ensure your critical customer and credit card data is safe. CoinGate: Cryptocurrency payment gateway (International). Divido: Platform for retail finance (International).

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Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 105

Fintech Finance

MAY 24, 2024

Bluefin’s TECS payment platform provides omnichannel payment solutions to Acquirers, Payment Service Providers, POS system providers, Independent Software Vendors, and other merchant aggregators around the globe, offering a cloud-based Payments Platform-as-a-Service. It can also reduce the PCI DSS compliance burden by more than 90%.

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PCI DSS Encryption Payments Payment Solutions 52

Stax

APRIL 30, 2024

TL;DR Merchant processing ensures that all entities, such as the issuing bank, the acquiring bank, and the card company, work cohesively to facilitate payments between a customer and a business. These entities include the issuing bank, the acquiring bank, the card or digital payment company, and the payment processor.

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Process Online and Mobile Banking PCI DSS Debit Card 88

Stax

AUGUST 29, 2024

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.

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Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

Payment Savvy

MAY 11, 2023

To do so, you will need to establish a merchant account with an acquiring bank or payment processor. Transaction processing: Visa transactions are processed electronically through the Visa network, which securely communicates with your acquiring bank or payment processor to authorize and settle transactions.

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Rules PCI DSS Disputes Payment Networks 52

Payment Savvy

JULY 3, 2024

This information is then sent securely to the acquiring bank. The acquiring bank, which processes payments on behalf of the merchant, receives the transaction data and forwards it to the relevant card network (such as Visa or Mastercard). PCI DSS Compliance This is the cornerstone of debit card security.

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Debit Card Process PCI DSS Processors 52

Stax

DECEMBER 27, 2023

But to accept payments seamlessly and securely, you need a merchant account. A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. PCI compliance. Scalability.

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Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

Segpay

FEBRUARY 24, 2025

Last January, Segpay proudly announced that it has launched its new gateway payment platform: The Segpay Gateway can handle high volumes of merchant transactions in multiple currencies, keeping all data safe with the latest data security standards. Key Functions of a Payment Processor: Transfers transaction data securely.

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Payment Gateways Processors Gateways Payment Service Provider (PSP) 45

EBizCharge

MARCH 12, 2024

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.

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

EBizCharge

MAY 20, 2024

Saved cards To further enhance the customer experience and expedite future payments, NetSuite allows customers to securely save their credit card information within their customer records. Acquirer: An acquirer is a financial institution with the authority to process credit and debit card transactions on behalf of a merchant.

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Process PCI DSS Processors Payment APIs and Integration 52

Clearly Payments

JULY 11, 2024

The Complexity of Payment Processing The payment processing value chain has multiple participants and steps, including the merchant, the customer, the acquiring bank , the issuing bank , and the payment processor. PCI Compliance Fees: Fees for maintaining compliance with Payment Card Industry Data Security Standards (PCI DSS).

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Process PCI DSS Processors Non-Bank 52

Stax

FEBRUARY 15, 2024

It involves a complex ecosystem of financial institutions, including acquiring banks, payment processors, and card networks, alongside technology providers and regulatory bodies. Regulatory compliance and security standards – ISVs and PayFacs prioritize compliance and security in their respective roles.

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ISVS Facilitators ISOs Payment APIs and Integration 88

PYMNTS

DECEMBER 5, 2018

Healthcare has changed, indeed, and in a conversation with PYMNTS’ Karen Webster, John Talaga, CEO of Flywire’s OnPlan Health (which was acquired earlier this year), stated that a hallmark of U.S. For the healthcare providers working with such financing options, there are technical concerns (tied to PCI DSS) that mount.

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PCI DSS Payments Finance Encryption 66

Clearly Payments

DECEMBER 5, 2023

This comprehensive guide aims to unravel the complexities and distinctions among three primary types of payment processors: Acquirers, Independent Sales Organizations (ISOs), and Aggregators. Acquirers or Acquiring Banks Acquirers, also known as acquiring banks , form the backbone of the payment processing ecosystem.

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Processors ISOs Payment APIs and Integration Payments 52

Stax

SEPTEMBER 17, 2024

Most payment gateways come with features like fraud detection and data encryption that are specifically geared towards keeping your customers’ payment information secure. It’s important to ensure that you are PCI compliant, even if you’re a smaller business. Card networks (like Visa, Mastercard, etc.)

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Clearly Payments

APRIL 3, 2024

Funds Transfer: The payment processor initiates the transfer of funds from the issuing bank to the acquiring bank (the merchant’s bank) for settlement. Merchant Account: Once the funds are received by the acquiring bank, they are deposited into the merchant’s account , minus any processing fees.

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Process Processors Online and Mobile Banking Payments 59

Exact Payments

SEPTEMBER 25, 2023

Specifically, you will need to: Register with an acquiring bank Register with the card brands (Visa, Mastercard, American Express, Discover) Decide on a payment gateway (this is only relevant if you won’t be using or developing a proprietary payment gateway). As the last step in the PayFac journey, this one never truly ends.

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PCI DSS OFAC Facilitators Payment Gateways 52

Stax

DECEMBER 20, 2023

Train Your Staff To Handle Data Securely For in-person transactions, it’s crucial your staff is able to take payments in an efficient and trustworthy manner. Customers need to feel that their data is secure and that transactions don’t take any longer than necessary.

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Credit Cards Small Business Process Security 88