article thumbnail

How Merchant Services Contracts Work in Payment Processing

Clearly Payments

Security and Compliance : The contract should detail the payment processor’s compliance with security standards, such as PCI DSS (Payment Card Industry Data Security Standard) , and outline your responsibilities in maintaining security. Liability and Chargeback Policies : Understand your liability for chargebacks.

Process 105
article thumbnail

What Are the Benefits of Outsourcing Accounts Receivables?

EBizCharge

Reputable AR management systems comply with industry standards such as Payment Card Industry Data Security Standards (PCI-DSS), ensuring secure handling of financial data and fraud protection. Can an AR management system help with dispute resolution? Can an AR management system help with dispute resolution?

article thumbnail

What is an Online Terminal and Why Do Merchants Need One?

Stax

Secure Transactions: Online terminals incorporate security protocols like SSL encryption, tokenization, and Payment Card Industry Data Security Standards (PCI DSS) compliance. Adherence to security protocols, such as PCI DSS compliance is a must. See to it that you have all your security bases covered.

PCI DSS 88
article thumbnail

Everything You Need to Know About Secure Payment Processing Systems

Stax

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
article thumbnail

Enfuce Partners With allpay to Revolutionise Payments for the UK Public Service

Fintech Finance

With Enfuce’s experienced team of fraud and dispute management experts, allpay will have access to comprehensive prevention measures to minimize fraud and compliance risks. Operating 24/7, Enfuce’s fraud prevention system includes continuous monitoring, portfolio analysis, thorough fraud reporting, and proficient second-line support.

PCI DSS 52
article thumbnail

Understanding Visa Rules

Payment Savvy

Chargebacks: Chargebacks can occur when a cardholder disputes a transaction, and the funds are returned to the cardholder. As a merchant, you will need to comply with the Payment Card Industry Data Security Standard (PCI DSS) and other security regulations to ensure the safety and security of Visa transactions.

Rules 52
article thumbnail

What Is Debit Card Processing & How Does It Work?

Payment Savvy

Chargeback Process (when customers dispute transactions) In some cases, cardholders may dispute a transaction, leading to a chargeback. PCI DSS Compliance This is the cornerstone of debit card security. They may include a fixed per-transaction fee, a percentage of the transaction value, or a combination of both.