Exact Payments

SEPTEMBER 25, 2023

Step 4: Obtain PCI Certification Every business that transmits or handles payment information must comply with the Payment Card Industry’s Data Security Standards or PCI DSS. These standards help ensure that sensitive data is kept secure during every step of the transaction process.

PCI DSS 52

PCI DSS OFAC Facilitators Payment Gateways 52

Stax

JANUARY 8, 2024

Having chargeback mitigation strategies in place can help you reduce the losses from chargebacks and illegitimate disputes. However, you must ensure that all systems comply with security standards such as PCI DSS. They can only be drawn upon under applicable clauses in your payment services agreement.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

EBizCharge

APRIL 26, 2024

By setting clear expectations upfront, customers are more likely to understand their obligations and adhere to payment deadlines, reducing the likelihood of disputes or misunderstandings regarding payment terms. Maintaining accurate records will help your business track payment statuses and resolve disputes more efficiently.

Accounts 52

Accounts Best Practices Disputes Procedures 52

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Swipe fees have doubled in a decade and increased by 20% since 2022.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

EBizCharge

MAY 2, 2024

The surcharge cannot exceed the payment processing cost or legal limits set by state laws. While no fee credit card processing has some drawbacks, one of the biggest limitations is its legalities. Look for PCI DSS-compliant services, as this is the industry standard for credit card security.

Credit Cards 52

Credit Cards Process Processors Legal 52

Stax

MAY 7, 2024

Chargeback fees – Sometimes, a customer opens a transaction dispute and seeks a refund of their payment. PCI-compliance fees – Businesses running credit card transactions must be compliant with the Payment Card Industry Data Security Standard (PCI DSS). How do chargebacks affect processing fees?

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Payment Savvy

FEBRUARY 6, 2023

This can be a lengthy process and one that often requires legal assistance. Choose a partner that is PCI DSS compliant. Due to the fact that these entities are limited in the range of services they offer, ISOs have the capacity and resources to really focus on your business’s needs. 24/7 customer support.

ISOs 52

ISOs PCI DSS Processors Card Association 52

Clearly Payments

JANUARY 8, 2024

Chargeback Risk: Chargebacks occur when customers dispute a transaction and request a refund directly from their bank. Implementing effective chargeback management practices is essential to minimize their occurrence and address disputes promptly. Chargebacks are generally the biggest concern that most merchants have.

Risk Management 69

Risk Management Risk PCI DSS Process 69

EBizCharge

MAY 14, 2024

This includes regulations like the Payment Card Industry Data Security Standard (PCI DSS) , which sets security standards for organizations regarding securely storing, processing, and transmitting cardholder data to prevent data breaches and fraud. However, clear terms must be established to prevent misunderstandings and disputes.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Stax

JANUARY 10, 2024

PCI compliance fees. This fee helps payment processors maintain compliance with the latest Payment Card Industry Data Security Standard (PCI DSS) requirements for secure online transactions. Q: Is it legal to pass credit card fees to customers? Chargeback fees. Q: Why are credit card processing fees so high?

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Nanonets

MARCH 30, 2023

This results in increased convenience, fewer frustrations and disputes, and a more peaceful working environment. Compliance with these regulations can help protect the business from legal and financial risks.

Automation 52

Automation Transactions Wire Transfer ACH 52