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PCI DSS Requirement 3 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

In our exploration of PCI DSS v4.0’s This is achieved through a multi-pronged approach: Data Encryption: Requirement 3 mandates the use of strong cryptographic controls such as encryption for stored cardholder data. Changes in Requirement 3 from PCI DSS v3.2.1 PCI DSS v3.2.1 PCI DSS v4.0

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What is a BIN in Payment Processing

Clearly Payments

The role of the BIN extends beyond simply identifying the card issuer; it affects various aspects of the payment process: Transaction Routing : When a customer makes a purchase using a card, the payment processor uses the BIN to route the transaction to the right financial institution. Why is the BIN Important in Payments?

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The Anatomy of a Credit Card Transaction

Clearly Payments

Merchant Sends Transaction Request : The merchant’s POS system or online payment gateway encrypts and transmits the transaction data to the acquiring bank or payment processor. Card Network Communicates with Issuer : The card network forwards the request to the issuing bank for authorization. Final Confirmation 0.5

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PCI requirements and who needs to follow them

Basis Theory

Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Nearly 20 years later, with more than 300 requirements and sub-requirements, PCI DSS continues evolving. Don't, however, let the term "merchants" fool you.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

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. Enter the PCI DSS compliance. Interchange fee management.

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Is APAC Ready for a Cashless Future?

Fintech News

Programme economics, including interchange rates, issuer liability, transaction declines, fraud losses, and processing fees, are all influenced by how customers use their cards. The most successful programmes will seamlessly integrate across these channels, offering users a frictionless experience regardless of how they pay.

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How a PIN Works on Credit Cards and Debit Cards

Clearly Payments

A PIN is a four- to six-digit numerical code assigned to a credit or debit card by the card issuer or chosen by the cardholder. PIN Encryption : Once the customer enters the PIN, it is encrypted immediately to protect the information. Encryption ensures the PIN cannot be intercepted or stolen during transmission.