Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Learn More What is Merchant Account Underwriting? What is the Purpose of Merchant Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Stax

APRIL 3, 2025

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.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

EBizCharge

NOVEMBER 12, 2024

Merchant underwriting is an essential component of the payment processing industry, ensuring the safety and security of electronic payments. This article will explore the mechanics of merchant underwriting, from the essential steps involved in the process to the factors influencing it. What is merchant underwriting?

Underwriting 52

Underwriting ISOs Risk Assessment Assessments 52

Stax

DECEMBER 27, 2023

Setting up a merchant account involves choosing the right merchant account provider for your needs, identifying your type of business, submitting an application, and undergoing an underwriting process to assess risk. PCI compliance. Request Quote What Is a Merchant Account? The payment methods you want to accept. Scalability.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

Stax

FEBRUARY 15, 2024

PayFacs also provide a streamlined onboarding experience, manage underwriting, and handle compliance for its sub-merchants. They handle merchant onboarding, including underwriting and meeting regulatory requirements like Know Your Customer (KYC) mandates.

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

Stax

JANUARY 8, 2024

Several US legislations (like the Patriot Act, anti money laundering laws , or FinCEN regulations) require PayFacs to know the identities of the business owner(s) they plan to facilitate payments for, during the underwriting stage. This requires sound underwriting policies and procedures.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

EBizCharge

JANUARY 16, 2025

Tax reporting and compliance: MCCs aid in tax reporting and compliance with regulatory bodies like Payment Card Industry Data Security Standards (PCI DSS) and Anti-Money Laundering (AML). For example, if a credit card is suddenly used at a pawn shop after being consistently used at beauty shops, this can indicate fraud.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52