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Everything You Need to Know About PCI Compliance for Credit Card Processing

Stax

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. Failing to comply with the Payment Card Industry Data Security Standard can have a number of severe consequences for a business.

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Payment Security: Everything You Need to Know About Secure Payments

Stax

TL;DR The PCI DSS determines security protocols and sets the standards for payment security. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place.

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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.

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Merchant Processing Explained: What Happens Behind the Swipe?

Evolve Payment

Between the alphabet soup of acronyms (PCI? More specifically, the OCC labels a merchant processing activity as: “the settlement of credit and debit card payment transactions by banks for merchants through various card associations.” You’re not alone. Don’t get us started!),

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

BIN Sponsorship A service provided by payment processors that enables merchants to accept payment cards from multiple card issuers. Bluetooth Card Reader A wireless device that connects to a mobile device or computer to process payment card transactions.

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