Remove Data Security Remove Fraud Detection Remove PCI DSS
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The Ultimate Guide to Ecommerce Payment Solutions

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Theyre easy to integrate and set up, with the host taking care of data security measures, including PCI compliance and fraud protection. Businesses using self-hosted gateways must handle data security measures and comply with industry standards like PCI DSS.

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What is a BIN in Payment Processing

Clearly Payments

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud.

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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

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Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. Look for PCI DSS-compliant payment gateways that optimize the security of credit and debit card transactions. Learn More What is a Payment Gateway?

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The Anatomy of a Credit Card Transaction

Clearly Payments

Tokenization : Converts sensitive card data into a unique token, reducing the risk of data breaches. 3D Secure Authentication : Adds an additional verification step for online transactions, such as a one-time password (OTP) or biometric authentication. Geolocation and behavioral analytics enhance fraud detection.

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The Ultimate Guide to Online Payment Processing

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Encryption and transfer of payment information The payment gateway that underpins your checkout page will now encrypt the customers payment details as stipulated by industry data security regulations like PCI DSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.

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Credit Card Processing Rates: How Much Does It Cost to Process Payments in 2025?

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PCI compliance fee – This fee is usually charged by the payment processor or acquiring bank to ensure the business follows Payment Card Industry Data Security Standard ( PCI DSS ) requirements to protect customer data.

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Risk Management for Merchants in Payment Processing

Clearly Payments

The first step is implementing robust authentication processes, including multi-factor authentication, biometric verification , and tokenization , to enhance user access security. This means that even if unauthorized access occurs, the actual payment card information remains inaccessible, mitigating the risk of data breaches.