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

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

Stax

JANUARY 22, 2024

Consider the following: Merchants are the sellers, businesses, or service providers seeking payment for their offerings. The acquiring bank (or issuing bank or acquirer) is the financial institution that enables merchants to accept payments, transferring funds from customers to the merchant’s account.

Payment Gateways 88

Payment Gateways Gateways Facilitators PCI DSS 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

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.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 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.

Credit Cards 52

Credit Cards Acquirers Process Debit Card 52

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.

PCI DSS 52

PCI DSS Encryption Payments Payment Solutions 52

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. Device-specific tokens add an additional layer of security.

Visa 52

Visa PCI DSS Accreditation Identity Theft 52

Stax

DECEMBER 27, 2023

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. A business will typically set up a merchant account in collaboration with a merchant services provider or merchant account provider. Early termination fees.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

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). These details include the card number, transaction amount, and merchant identification.

Debit Card 52

Debit Card Process PCI DSS Processors 52

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. Such a business will require a provider that supports international transactions.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Stax

JANUARY 10, 2024

The merchant service providers that a business is using to handle credit card payments play a key role in determining the size and structure of credit card fees. By facilitating credit card transactions, merchant service providers act as intermediaries between credit card companies and the issuing banks.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Evolve Payment

MARCH 21, 2024

Table of Contents The Foreign Language of Merchant Services Ever feel like the payment processing industry speaks a language that only accountants understand? Between the alphabet soup of acronyms (PCI? That’s where your merchant service provider steps in! You’re not alone. Don’t get us started!),

Process 52

Process Gateways Processors Credit Cards 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. Now, there are two ways that a software service provider can become a payments provider.

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

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.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

Ikajo

NOVEMBER 22, 2023

In this article, we will explore what is PayFac-as-a-Service, who it is for, and how it benefits Payment Service Providers (PSPs) and merchants worldwide. Payment facilitator, abbreviated as PayFac, is a type of financial service provider that simplifies payment acceptance for businesses.

Facilitators 52

Facilitators Payment APIs and Integration PCI DSS Payments 52

The Fintech Times

FEBRUARY 27, 2024

Payment service providers will need to find ways of monetising the data generated by payments and creating value-added services that elevate payments beyond a simple transfer of funds. However, as was the case in the telecommunications industry, innovation doesn’t end because a product becomes commoditised.

Consumer Protection 69

Consumer Protection Stablecoins Payments Trends Consumer 69

PayHawk

APRIL 18, 2023

The world of payment processing can be as complex as you let it be, but, one this is for certain, there are thousands of terms that merchant service providers discuss, and oftentimes, merchants are left clueless about their meanings. A Acquirer The financial institution that processes payments on behalf of merchants.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Stax

SEPTEMBER 17, 2024

If you’re handling cardholder data, you’ll need to think about aspects such as payment processor partners, PCI DSS compliance, and point of sale transactions in addition to various payment methods as credit card transactions and general commerce continue to evolve. Can Payment Gateways Be Bundled with Other Merchant Account Services?

Payment Gateways 88

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

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

Payment Savvy

FEBRUARY 6, 2023

For this reason, ISOs are considered reliable and effective support in managing merchant accounts and facilitating payments through various services. These organizations operate by partnering with other entities, like acquiring banks and financial platforms, that provide the necessary infrastructure for payment processing to take place.

ISOs 52

ISOs PCI DSS Processors Card Association 52

Clearly Payments

SEPTEMBER 13, 2024

Multi-Provider Integration: Payment orchestrators integrate with multiple payment service providers (PSPs), gateways, and acquiring banks, allowing merchants to access a broad range of payment methods and currencies. They also ensure compliance with industry standards like PCI DSS.

Payment APIs and Integration 77

Payment APIs and Integration Multi-Currency Payments Gateways 77

EBizCharge

APRIL 25, 2024

To accomplish this, your company will need a merchant account and reliable software to provide convenient customer payment options and effectively manage funds. Apply for a merchant account A merchant account is typically set up through a payment processor or acquiring bank.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 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. Research different merchant account providers and compare their fees, processing rates, contract terms, and customer support options.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Mobile Payments 88

Exact Payments

JULY 12, 2024

The merchant’s acquiring bank charges a fee for every chargeback, which can add up fast if the merchant hasn’t taken steps to prevent chargebacks. PCI fees Most merchant services providers charge a fee for assisting with Payment Card Industry Data Security Standard (PCI DSS) compliance.

Assessments 52

Assessments Credit Cards PCI DSS Transactions 52

PYMNTS

NOVEMBER 9, 2017

It got the job done, Aberman told Webster, but it was clunky and had the unintended consequence of keeping all three parties — the SMB, the software provider and the merchant acquirer/processor — “at arm’s length.” The Future of Financial Services. The Centrality of Software.

Payment APIs and Integration 40

Payment APIs and Integration Micro-Entry PCI DSS Small Business 40

Ikajo

NOVEMBER 2, 2023

The role of Payment Service Providers A Payment Service Provider (PSP) is a type of payment processing company that specializes in providing a wide range of payment-related services and solutions to businesses. Acquire a domain name and the equipment needed. To name a few, Worldline’s $8.6

Process 52

Process Processors Payment Gateways Payments 52

Clearly Payments

DECEMBER 3, 2023

Ayden: Global payment company providing solutions for businesses of all sizes (International). Bambora (now Ingenico): Global payment service provider (International). BluePay (now First Data, Fiserv): Technology-enabled payment processing services (United States). Credorax: Smart acquiring solutions (International).

Payment Gateways 96

Payment Gateways Gateways Payment APIs and Integration PCI DSS 96