Stax

NOVEMBER 21, 2024

A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%. These processes are facilitated by a network of financial institutions and technologies that work together to ensure the seamless and secure transfer of data and funds.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

The Fintech Times

NOVEMBER 6, 2024

Increasing payment security Tencent also announced a strategic partnership with Visa to introduce its palm recognition technology for digital payments in international markets. “Based on our biometrics study, close to seven in 10 Singapore consumers see this as a secure way to pay.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

Fi911

FEBRUARY 26, 2025

The Payment Card Industry Data Security Standard (PCI-DSS) is a set of global standards developed to safeguard cardholder data. It applies to any entity that processes, stores, or transmits credit card information making it especially relevant to banks and financial institutions.

PCI DSS 52

PCI DSS Compliance MFA Assessments 52

Stax

NOVEMBER 14, 2024

And yet, accepting non-cash forms of payments is more or less required to operate a modern business, at least in the U.S. They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor. Acquiring Bank: The business’ (i.e., merchant’s) bank.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

PYMNTS

DECEMBER 4, 2017

In this week’s B2B Data Digest, PYMNTS dives into new research about small businesses’ data security and cybersecurity efforts. Small businesses seem quite confident in their ability to protect themselves and their customers’ data, but according to researchers, that confidence is likely misguided. —60

Small Business 54

Small Business Data Security PCI DSS Data Breach 54

Stax

JANUARY 21, 2025

The payment gateway collects and encrypts sensitive customer payment details and then securely sends them to the payment processor. In turn, the payment processor ensures a seamless transfer of the information between the merchant, issuing bank, and customer. Today, many payment gateways work as payment processors.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Fintech Review

FEBRUARY 18, 2025

Embedded finance is transforming industries by incorporating financial services directly into non-financial platforms. This integration allows businesses to offer banking-like services, enhancing customer experience and simplifying transactions. This shift is redefining traditional banking structures. What is Embedded Finance?

Embedded Finance 95

Embedded Finance Finance Payment APIs and Integration Non-Bank 95

Stax

APRIL 10, 2025

In contrast, debit card payments are withdrawn directly from the customers bank account and are mainly used by buyers who want to control their spending. Card payments are convenient, secure, and a major positive for your cash flow, with funds being deposited to your account within hours to a few days.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

Fintech Review

NOVEMBER 28, 2024

sAxess includes Serenity’s patent-pending data recovery technology, offering secure pathways for data access under predefined conditions. This goes beyond current methods of managing sensitive information for individuals and organizations, ensuring data recovery without compromising privacy. “We

Security 52

Security Transactions Privacy Data Security 52

Clearly Payments

SEPTEMBER 22, 2024

The MATCH (Member Alert to Control High-risk) list is a tool used by acquiring banks and payment processors to manage risk. Only acquiring banks have the authority to add or remove a merchant from this list, making it a powerful tool in the payments industry. What Is the MATCH List? How Do Merchants Get on the MATCH List?

Processors 102

Processors PCI DSS Credit Cards Non-Bank 102

Fintech Finance

AUGUST 28, 2024

The shift to mobile is primarily driven by biller and bank mobile apps and digital wallets like Apple Pay and Google Pay. Almost 50% of consumers surveyed do not believe that companies properly educate them on how to keep their data secure, an increase from 2023.

Identity Theft 105

Identity Theft Online and Mobile Banking Consumer Payments Trends 105

VISTA InfoSec

NOVEMBER 12, 2024

introduces a stronger focus on flexibility and risk-based approaches, allowing businesses more options for meeting security requirements. Because it is mandated by payment card brands and banks for all businesses handling payment card data. This validates your compliance and demonstrates your commitment to data security.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

VISTA InfoSec

NOVEMBER 12, 2024

introduces a stronger focus on flexibility and risk-based approaches, allowing businesses more options for meeting security requirements. Because it is mandated by payment card brands and banks for all businesses handling payment card data. This validates your compliance and demonstrates your commitment to data security.

PCI DSS 130

PCI DSS Compliance Encryption Audit 130

Stax

MARCH 5, 2025

The payment processor is a financial institution that handles transactions between the two banks. Meanwhile, a payment gateway is the technology that authorizes and processes payments between a buyer and seller by securely transmitting payment data. To accept online payments, you need a payment processor and payment gateway.

Credit Card Payment Processing 88

Credit Card Payment Processing Credit Cards Process Payment Gateways 88

The Fintech Times

JANUARY 31, 2025

Earlier this year, the City of London Corporation signed a partnership agreement with the Scottish Government committing to prioritising actions that support those who find it difficult to access fair or affordable financial services, such as free banking and affordable credit. The benefits are clear: More informed, evidence-based policies.

FinTech 59

FinTech Financial Inclusion Research Government 59

Stax

SEPTEMBER 17, 2024

Failing to comply with the Payment Card Industry Data Security Standard can have a number of severe consequences for a business. PCI DSS stands for “Payment Card Industry Data Security Standards.” And when that happens, non-compliance can lead to many degrees of harm to any and all business owners.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

JANUARY 23, 2025

By thoroughly assessing merchants, processors can: Reduce fraud and chargebacks by identifying potentially fraudulent or non-compliant merchants before onboarding them. Ensuring adherence to legal and regulatory standards, such as PCI DSS (Payment Card Industry Data Security Standard) requirements.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Stax

AUGUST 20, 2024

TL;DR Embedded finance integrates financial services into non-financial business processes, while embedded fintech integrates fintech solutions into the processes of an institution in the finance industry. This is because most embedded finance solutions are provided by traditional banks. However, they’re two different concepts.

Embedded Finance 88

Embedded Finance Finance FinTech Payment APIs and Integration 88

Stax

NOVEMBER 6, 2023

Loss, corruption, improper use, and unwanted access to a company’s data assets can lead to immense negative publicity, which in turn can cause irreparable reputation damage, fines, sanctions, and loss of profits. Moreover, companies need to follow data privacy and compliance requirements to stay in business.

Encryption 88

Encryption PCI DSS Data Security Origination 88

Fintech Review

SEPTEMBER 24, 2024

The No-Code Temptation in Fintech No-code platforms have revolutionized how non-technical founders build MVPs. It must handle sensitive financial data securely, comply with regulations like PCI DSS, and seamlessly integrate with banking APIs. They offer speed, cost efficiency, and the ability to launch quickly.

Product 105

Product FinTech PCI DSS Payment APIs and Integration 105

Fi911

MAY 7, 2024

Alternatively known as the MATCH List, seeks to safeguard banks from extending acquiring services to high-risk enterprises. In certain circumstances, such as excessive chargebacks, data breaches, fraudulent activities, or violation of regulations, a merchant’s account may be terminated. This blacklist is maintained by Mastercard.

PCI DSS 95

PCI DSS Processors Compromise Identity Theft 95

PYMNTS

AUGUST 28, 2019

According to PYMNTS’ Credit Union Innovation Index, 65 percent of credit union members said they chose a credit union (CU) as their primary because they trusted it, as opposed to 45 percent of non-CU members who said the same. percent) cited data security and 60.8 Open Banking Benefits. Security Issues.

Credit Union 73

Credit Union Instant Payments Non-Bank Near Real-Time 73

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Interchange fees are fees your bank (acquirer) pays to the cardholder’s bank (issuer) in a credit card transaction. Security audits. Interchange fee management.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

VISTA InfoSec

SEPTEMBER 14, 2023

Non-EU businesses monitoring activities such as cookies or other tracking technologies, behavioral advertising, geolocation, and market surveys can be subject to GDPR (Recital 24 of the GDPR). citizen visits Iceland, which is in the EEA, and uses a non-GDPR-protected service. citizen visits France and uses a GDPR-protected service.

Compliance 130

Compliance Privacy Legal Processors 130

The Fintech Times

JUNE 20, 2024

European insurer, Allianz Trade , is collaborating with BPL , a specialist credit and political risk insurance (CPRI) broker, to improve how underwriters and brokers share enquiry data using Application Programming Interface (API) integration via the independent digital trading platform Whitespace , a Verisk subsidiary.

Underwriting 59

Underwriting Payment APIs and Integration Non-Bank API 59

PYMNTS

SEPTEMBER 26, 2016

The driving force behind the growth in non-cash payments, according to Capgemini, is due in part to strong economic growth in key developing countries, as well as increased security measures and government initiatives to engender electronic payments in certain markets. As a result, the call for banks to keep pace continues.

Payments 73

Payments Fraud Detection Non-Bank Privacy 73

PYMNTS

OCTOBER 4, 2019

For community banks and credit unions, their physical proximity to the small businesses they’re servicing is often pointed out as a major advantage these smaller players hold over the big banks, enabling these FIs to develop deeper relationships with their small to medium-size business (SMB) clients, anticipate their needs and establish trust.

Credit Union 60

Credit Union Community Banks Small Business Non-Bank 60

Stax

MARCH 6, 2024

Upon agreeing to these terms, the merchant is authorized to process automatic payments from the customer’s credit card, debit card, or bank account. Integrate with Payment Gateway: The payment gateway transfers payment information and funds between the customer’s account, bank, and the business’s account.

Best Practices 88

Best Practices PCI DSS Payment Gateways Gateways 88

Stax

APRIL 18, 2024

For a merchant to accept credit cards, they need to pay both credit card processing fees to the banks involved and for the soft and hardware required to process cards. Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Stax

MAY 7, 2024

Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. 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. to 2.9%) while the non-qualified is the highest.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Stax

JULY 16, 2024

If merchants are exposed to security vulnerabilities when processing digital payments, the risk of cardholder data falling into the wrong hands increases exponentially. security requirements are. PCI DSS is a set of protocols to be followed by companies that store, process, and transmit cardholder data.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

The Finance Weekly

JULY 31, 2023

Improved financial modeling and investment banking management are among the notable benefits that AI brings to growing companies. To simplify the difference between AI and non-AI software, Boucher specified that there lies in their ability to adapt and improve. He has also launched the first Chat GPT for the finance training program.

AI 130

AI Finance Procedures Accounts 130

PYMNTS

AUGUST 27, 2019

One of the largest factors that sets credit unions (CUs) apart from large banks and FinTech providers is their emphasis on member relations. digital transformations reshaping CUs’ role in the financial space, and how open banking could change how CUs do business. Deep Dive: How Open Banking Can Help CUs Succeed.

Credit Union 49

Credit Union NCUA Non-Bank Money Laundering 49

Stax

JANUARY 28, 2025

Enhanced securitytokenization and two-factor authentication reduces the risk of data breaches As we mentioned earlier, Click to Pay uses a data security approach called tokenization to protect sensitive financial data from malevolent actors. The original sensitive data is still secured and hidden in an external data bank.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

Clearly Payments

JULY 11, 2024

The Complexity of Payment Processing The payment processing value chain has multiple participants and steps, including the merchant, the customer, the acquiring bank , the issuing bank , and the payment processor. PCI Compliance Fees: Fees for maintaining compliance with Payment Card Industry Data Security Standards (PCI DSS).

Process 52

Process PCI DSS Processors Non-Bank 52

Stax

SEPTEMBER 17, 2024

TL;DR A payment gateway is a solution that securely reads and transfers a customer’s payment information to a merchant’s bank account—both for online and in-person transactions. Think of it as a cash register, except that the payments it processes are non-cash. The merchant (or business) that makes the sale.

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

PYMNTS

OCTOBER 29, 2018

As a result of the passage and adoption of open banking regulations, like PSD2 in Europe, banks and other financial firms are sharing data more freely than ever before. Adapting To Open Banking . As a result, banks would do well to implement proactive account and transaction monitoring to guard against cyberattacks.

Security 76

Security Payment APIs and Integration API Authentication 76