Remove Card Association Remove CHIPS Remove Encryption
article thumbnail

Why PCI Compliance is Critical for Businesses

Exact Payments

The Payment Card Industry Data Security Standard (PCI DSS) plays a crucial role in protecting cardholder data for businesses that accept credit card payments. This set of security guidelines is mandated by major credit card associations such as Visa, Mastercard, American Express, and Discover.

PCI DSS 52
article thumbnail

Still No Transaction Fees On Contactless Payments With AIB

PYMNTS

The UK Cards Association reported that, as of Nov. 2016, there were more than 100 million contactless cards in issue in the U.K., Instead, customers pay by touching their contactless card or mobile device to the terminal, making it perfect for quick purchases in coffee shops, supermarkets and local retailers.

article thumbnail

Best 2022 Guide to Credit Card Processing for Nonprofits

BNG Payments

In addition to online payments, if an organization wants to accept offline donations via credit cards, a merchant account is used alongside a hand-held credit card reader.  A card association is a group of banks that sets the terms for all credit card transactions.