Stax

MARCH 15, 2024

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.

Process 88

Process Security PCI DSS Encryption 88

Clearly Payments

FEBRUARY 7, 2024

Chargeback Rate The chargeback rate measures the percentage of transactions that result in chargebacks, which occur when customers dispute a transaction with their card issuer. Monitoring chargeback rates helps merchants identify potential fraud or disputes and implement preventive measures to mitigate risks.

Process 98

Process PCI DSS Processing Costs Settlement 98

Stax

AUGUST 29, 2024

It will also communicate with the customer’s card issuer to verify the authenticity of the card details entered into your checkout page. That’s why electronic payments information is first sent to an acquiring bank for verification with the customer’s issuing bank and card issuer before the transaction is authorized.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

EBizCharge

AUGUST 30, 2024

Breakdown of credit card processing fees Credit card processing fees are charged to merchants for each credit card transaction processed. Avoid high-risk transactions High-risk transactions often incur higher fees from payment processors because they’re more vulnerable to fraud, disputes, and chargebacks.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Stax

MAY 7, 2024

For example, the interchange fees for online transactions may be higher due to the higher risk of credit card fraud. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. Can merchants pass credit card processing fees to customers?

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Payment Savvy

JULY 12, 2024

Each transaction incurs fees the card issuer sets, varying based on the card type and associated risks. Debit cards typically carry lower fees due to lower payment risk, whereas credit cards involve higher fees to offset potential defaults. Limited customer support for disputes.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Enter the PCI DSS compliance. It’s a global framework established by major payment card networks, including Visa, Mastercard, American Express, Discover, and JCB International.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88