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

PCI DSS 88

PCI DSS Credit Cards Compliance Process 88

Clearly Payments

FEBRUARY 12, 2024

Bank of America launched the BankAmericard in 1958, widely considered the first credit card available to consumers, which eventually evolved into Visa. In 1966, a group of California banks formed the Interbank Card Association (ICA), later known as Master Charge and then Mastercard.

Visa 105

Visa Payments Payment Networks Online and Mobile Banking 105

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. In a traditional setting, large banks (for example, Bank of America) that are members of credit card associations (Visa and Mastercard) handled all the payment processing services for merchants.

ISOs 52

ISOs PCI DSS Processors Card Association 52

PayHawk

APRIL 18, 2023

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.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52