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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

It offers benefits, such as passing interchange fees to users, boosting profit margins, and encouraging alternative payment methods. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Encouraging Alternative Payment Methods.

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Integrated Payments Can Prime UK Retailers for Black Friday Success: Lloyds Bank Merchant Services

Fintech Finance

Lloyds Bank Merchant Services, the bank’s card payments processing and acceptance unit, is encouraging retail merchants to ensure that their payment platforms are ready to capitalise on the volume surges expected over Black Friday.,

PCI DSS 105
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TESS Payments Obtains QCB PSP License With Strategic Assistance From Akurateco

Fintech Finance

Additionally, Akurateco facilitated TESS Payments’ obtaining the Payment Card Industry Data Security Standard (PCI DSS) certification, further cementing their commitment to maintaining high-security standards. This enables clients to reach a wider audience and cater to their customers’ payment preferences.

PCI DSS 52
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Tribe Payments Exposes Costly Gaps in Legacy POS Tech – 1 in 4 Merchants Miss Out on Alternative

Fintech Finance

A new study from Tribe Payments , the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, has revealed that 28% of merchants’ legacy in-person point of sale (POS) systems cannot support alternative payment methods like digital wallets and QR codes.

PCI DSS 95
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Everything You Need to Know About Secure Payment Processing Systems

Stax

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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What Merchants Should Know about Being on a MATCH List in Payments

Clearly Payments

Non-Compliance with PCI Standards : Failing to adhere to Payment Card Industry Data Security Standards (PCI DSS) can result in a listing. Alternative Payment Methods : Consider accepting payments via alternative methods like ACH, eChecks, or even cryptocurrency.

PCI DSS 75
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Challenges in the card payment industry—Navigating a rapidly changing landscape

The Payments Association

Fintech startups, blockchain technology, and the rise of decentralised finance (DeFi) are proving to be worth challengers to traditional card-based payment systems. The rise of alternative payment methods like cryptocurrencies, mobile payments (e.g., High fees can erode the precious and often narrow profit margins.