VISTA InfoSec

FEBRUARY 21, 2024

Welcome back to our ongoing series on the Payment Card Industry Data Security Standard (PCI DSS) requirements. This requirement is a critical component of the PCI DSS that has undergone significant changes from version 3.2.1 Conclusion: The transition from PCI DSS v3.2.1 to the latest version 4.0.

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PCI DSS Database Best Practices Procedures 130

VISTA InfoSec

FEBRUARY 16, 2024

Welcome back to our series on PCI DSS Requirement Changes from v3.2.1 PCI DSS v3.2.1 PCI DSS v4.0 c: Confirm that software applications comply with PCI DSS. - c: Confirm that software applications comply with PCI DSS. - In PCI DSS v4.0, PCI DSS v3.2.1

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PCI DSS Procedures Best Practices Verification 100

VISTA InfoSec

FEBRUARY 28, 2024

In our ongoing series of articles on the Payment Card Industry Data Security Standard (PCI DSS), we’ve been examining each requirement in detail. In this blog post, we will delve into the changes introduced in PCI DSS Requirement 8 from version 3.2.1 Conclusion: PCI DSS v4.0 Requirement v3.2.1 (8.7)

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PCI DSS Best Practices Authentication Rules 130

Ikajo

MAY 19, 2021

One of the key factors making it possible is the industry’s joint efforts to enhance card transactions security, reflected in PCI DSS. In this article, we’re going to deep dive into PCI DSS meaning, history, requirements, procedures, and costs. What is PCI DSS? This way, PCI DSS 2.0

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PCI DSS Compliance Encryption Security 52

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. Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. Return to Top Who needs to be PCI compliant?

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PCI DSS Compliance Encryption Assessments 88

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Follow these tips to stick to federal regulations: Refer to federal regulations when drafting internal policies and procedures. Enter the PCI DSS compliance.

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Credit Cards PCI DSS Compliance Process 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

PCI Security Standards

JULY 9, 2024

A QSA company is a data security firm certified by the Council to perform on-site assessments of a company's PCI Data Security Standard compliance. This ensures that robust policies and procedures are in place to protect cardholder data. The QSA Program plays a critical role in the adoption of PCI security standards.

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Clearly Payments

JANUARY 8, 2024

Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management. Conducting a thorough risk assessment tailored to the specific nature of the business is essential. Secure Network Configurations Configuring secure networks is fundamental to PCI DSS compliance.

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Risk Management Risk PCI DSS Process 68

Stax

JANUARY 8, 2024

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations.

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Risk Management Risk Money Laundering Mitigation 88

Clearly Payments

NOVEMBER 13, 2024

Companies can analyze BIN data to track transaction patterns, better understand customer demographics, and assess risk in different regions or among various card types. This information helps payment processors and merchants verify transactions, assess risk, and streamline payment workflows for secure and reliable transactions.

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Process Processors Payments Compliance 80

Stax

MAY 7, 2024

The transactional procedures are the authorization, clearing, and settlement processes of the funds being transferred. Assessment fees Assessment or network fees are directed to the credit card network- Mastercard, Visa, American Express, and Discover, to help settle costs associated with maintenance and operation.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

EBizCharge

MAY 24, 2024

Most embedded Sage payment solutions adhere to strict regulations, including PCI-DSS compliance and Secure Sockets Layer/ Transport Layer Security (SSL/TLS) protocols. To make choose the best embedded payment processing solution, you should: Start by assessing your payment needs. Consider integration capabilities.

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Embedded Payments Process PCI DSS Payments 52

Exact Payments

SEPTEMBER 25, 2023

Step 2: Partner With Financial Institutions You’ve conducted your assessment, and you’re ready to go the PayFac route. Step 4: Obtain PCI Certification Every business that transmits or handles payment information must comply with the Payment Card Industry’s Data Security Standards or PCI DSS.

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Payment Savvy

JULY 3, 2024

Businesses that learn the ins and outs of debit card processing can better accommodate their customers’ preferences and rationalize their financial procedures. PCI DSS Compliance This is the cornerstone of debit card security. Faster transaction processing can improve your cash flow and financial management.

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Debit Card Process PCI DSS Processors 52

EBizCharge

APRIL 26, 2024

AR management also helps minimize the risk of bad debt by implementing timely invoicing and diligent follow-up procedures, safeguarding profitability and financial stability. Conduct credit risk assessments: Credit risk assessments involve analyzing factors such as the client’s financial stability, payment history, and credit score.

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Accounts Best Practices Disputes Procedures 52

Stax

NOVEMBER 11, 2024

Businesses must adhere to NACHA’s “ACH Security Framework,” which includes measures for safeguarding sensitive customer data – similar to how PCI DSS protects cardholder information at checkout. NACHA’s core mandate is to ensure the security of ACH transactions.

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ACH Checks Identity Theft Payments 88

EBizCharge

MAY 13, 2024

Compliance and security: Automation solutions come designed with compliance and security at their core, adhering to payment standards like the Payment Card Industry Data Security Standard (PCI DSS). They help ensure adherence to financial regulations and standards by maintaining transparent, accurate records and audit trails.

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Automation Disputes Payments Process 52

EBizCharge

MAY 14, 2024

Improved accuracy Automated billing software is programmed to follow predefined rules and procedures consistently, minimizing the risk of human error inherent in manual billing processes. Make the necessary preparations Before setting up automated billing, it’s crucial to prepare the groundwork. The variety of payment terms you offer.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Nanonets

AUGUST 21, 2023

Assess your current payment processes From filing receipts to importing and consolidating data, figure out which aspects of your B2B payment processing are still manual. Here are a few tips to keep in mind when implementing payment automation within your organization: 1.

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