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. Payment verification Once the payment processor receives the now-encrypted payment information, it will be sent to the issuing bank for verification.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Stax

MARCH 18, 2025

In this guide we will discuss the following: What is Payment Tokenization How Payment Tokenization Works Payment Tokenization vs. Encryption SaaS Payment Tokenization Requirements Benefits of Payment Tokenization SaaS Payment Vulnerabilities Using Stax Connect and Payment Tokenization Lets get started.

PCI DSS 88

PCI DSS Encryption Data Breach Credit Cards 88

Stax

SEPTEMBER 17, 2024

TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. There are 12 requirements under PCI DSS, divided into six major categories. What is PCI Compliance? PCI DSS stands for “Payment Card Industry Data Security Standards.”

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

The Fintech Times

APRIL 10, 2024

PXP Financial , the global acquiring, payment, fraud, and data analysis service provider, has received accreditation from Mastercard to become a Token Service Provider. Accreditation was supported by the Mastercard Digital Enablement Service (MDES), a single integrated platform enabling the digitation of supported Mastercard card types.

Visa 105

Visa PCI DSS Accreditation Identity Theft 105

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. Interchange fee management.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 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. Its also not an option to have them; you must ensure PCI compliance.

Credit Card Payment Processing 88

Credit Card Payment Processing Credit Cards Process Payment Gateways 88

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.

Process 88

Process Security PCI DSS Encryption 88

Fintech Finance

JULY 10, 2024

Breakthrough payment orchestration provider BR-DGE has today announced the launch of its white-label payment orchestration solution, which is set to propel payment acquirers, gateways, platforms and other ecosystem players with agile and customisable modular tech to stand out in a fiercely competitive market.

Gateways 52

Gateways PCI DSS Acquirers Value Added Service 52

PYMNTS

OCTOBER 20, 2016

Connecting and simplifying payments across sales channels through a single integration point, Worldpay Total delivers end-to-end payment processing by combining point-of-sale (POS), integrated payments and acquiring for integrated software vendors (ISVs) and merchants. 2014 for its largest U.K.

PCI DSS 69

PCI DSS Payment APIs and Integration ISVS Point-of-Sale (POS) 69

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. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Fintech Finance

MAY 24, 2024

Bluefin , the integrated payments pioneer in PCI-validated Point-to-Point (P2PE) encryption and tokenization services that protect payments and sensitive data, has announced the completion of Elavon certification for SUNMI Payment Terminal. It can also reduce the PCI DSS compliance burden by more than 90%.

PCI DSS 52

PCI DSS Encryption Payments Payment Solutions 52

PYMNTS

OCTOBER 5, 2020

Transaction information is sent to acquiring and issuing financial institutions (FIs) so consumers’ card data can be verified and their purchases can be approved, with the funds then being transmitted to merchants. The regulations can be numerous, however, with PCI DSS including 246 nonwaivable requirements.

Data Breach 82

Data Breach Breach PCI DSS Compliance 82

Clearly Payments

DECEMBER 3, 2023

Credorax: Smart acquiring solutions (International). Here are key factors to consider when evaluating and choosing a payment gateway: Security and Compliance Encryption: Ensure the payment gateway uses robust encryption protocols to protect sensitive data during transactions. Divido: Platform for retail finance (International).

Payment Gateways 105

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

Clearly Payments

JUNE 7, 2024

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.

Payment Gateways 59

Payment Gateways Gateways API Payment APIs and Integration 59

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.

Payment Service Provider (PSP) 88

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

Fintech Finance

APRIL 9, 2024

PXP Financial, the expert in global acquiring, payment, fraud, and data analysis services, today announced it has received accreditation to become a Token Service Provider by global technology company Mastercard.

Visa 52

Visa PCI DSS Accreditation Identity Theft 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.

Debit Card 52

Debit Card Process PCI DSS Processors 52

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. With tokenization and encryption technology, businesses can confidently process payments, knowing their customers’ information is safe and secure.

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

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.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

Segpay

FEBRUARY 24, 2025

Key Functions of a Payment Gateway: Encrypts and securely transmits payment data. The payment gateway encrypts the information and forwards it to the payment processor. A payment gateway is ideal for businesses that want to keep control over their payment stack and work with separate processors or acquiring banks.

Payment Gateways 45

Payment Gateways Processors Gateways Payment Service Provider (PSP) 45

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. A payment processor is a company that acts as the intermediary or middleman between the two banks: the issuing bank and the acquiring bank.

Payment Gateways 88

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

Fintech Finance

MARCH 7, 2024

A solution to offer ‘tokenization-as-a-service’ via universal tokens applicable across multiple acquirers will be available in the near future. This approach has been proven to decrease fraud rates in the payments industry by up to 26%.

PCI DSS 52

PCI DSS Payment Security Encryption Transactions 52

Payment Savvy

NOVEMBER 11, 2020

They encrypt card information, as well as authorize or decline a transaction. . One can define a payment gateway as the technology capturing and transferring online payment data from the customer to the acquiring bank account. Safety: PCI DSS Compliance Level. That is the reason why payment gateways were created.

Payment Gateways 52

Payment Gateways Gateways PCI DSS Credit Cards 52

EBizCharge

AUGUST 8, 2024

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.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

Clearly Payments

APRIL 3, 2024

Payment Gateway: The payment details are encrypted and sent to the payment gateway, which acts as a bridge between the merchant and the payment processor. Funds Transfer: The payment processor initiates the transfer of funds from the issuing bank to the acquiring bank (the merchant’s bank) for settlement. Visa, Mastercard).

Process 59

Process Processors Online and Mobile Banking Payments 59

M2P Fintech

DECEMBER 17, 2024

Every online transaction involves four key parties: Merchant Customer Issuing bank (the customer’s bank) & Acquiring bank (the merchant’s bank) A robust system is essential for tracking and managing data effectively to enable seamless transactions among these parties.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Settlement 52

BNG Payments

JANUARY 7, 2022

Ensure Your Business is PCI Compliant You've probably already heard a lot about the Payment Card Industry Data Security Standard (PCI DSS), commonly known as PCI. In short, all companies that process, store or transmit credit card information must comply with the PCI DSS.

Credit Cards 52

Credit Cards Mitigation Risk PCI DSS 52

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.

PCI DSS 66

PCI DSS Payments Finance Encryption 66

Evolve Payment

MARCH 21, 2024

Between the alphabet soup of acronyms (PCI? Although it might seem like a small piece of the puzzle, gateways ensure your customer’s data gets processed correctly and securely by encrypting, tokenizing, and converting payment data into a format your payment processor understands. You’re not alone. Don’t get us started!),

Process 52

Process Gateways Processors Credit Cards 52

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. Secure Socket Layer (SSL) encryption became a standard, ensuring the confidentiality of sensitive information during online transactions.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

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). Typically, becoming PCI certified takes several months and no less than $50,000.

PCI DSS 52

PCI DSS OFAC Facilitators Payment Gateways 52

EBizCharge

APRIL 25, 2024

Apply for a merchant account A merchant account is typically set up through a payment processor or acquiring bank. This account serves as an intermediary between the business and the payment processor or acquiring bank, facilitating the secure processing of credit and debit card transactions, among other forms of payment.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52

Ikajo

NOVEMBER 22, 2023

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.

Facilitators 52

Facilitators Payment APIs and Integration PCI DSS Payments 52

PayHawk

APRIL 18, 2023

A Acquirer The financial institution that processes payments on behalf of merchants. Clearing The process of exchanging payment information between the card issuer and the acquirer to settle a transaction. Discount Rate The percentage of each transaction that the merchant must pay the acquirer for processing the transaction.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Stax

APRIL 18, 2024

Set Up a Merchant Account To accept credit card payments, you’ll need to establish a merchant services account with a payment processor or acquiring bank. Implement security measures such as encryption, tokenization, and secure authentication protocols to safeguard payment transactions and customer information.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Mobile Payments 88