Basis Theory

NOVEMBER 12, 2024

As a merchant, to understand tokenization for your own benefit, it’s critical to understand: What tokenization is, why it’s important for payments, and how it compares to encryption. How tokenization applies to being PCI compliant and meeting the 12 PCI DSS requirements. Return to Top Why use a tokenization platform?

Encryption 88

Encryption Payment APIs and Integration PCI DSS Returns 88

Stax

MARCH 15, 2024

Secure payment systems are easy to implement, as you use your payment processor to create a secure payment gateway. Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data. Encryption The fundamental component of secure payment systems is encryption.

Process 88

Process Security PCI DSS Encryption 88

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Enter the PCI DSS compliance. The PCI Security Standards Council (PCI SSC) has robust measures to protect cardholder information and prevent unauthorized access, fraud, and data breaches.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Clearly Payments

DECEMBER 5, 2023

This comprehensive guide aims to unravel the complexities and distinctions among three primary types of payment processors: Acquirers, Independent Sales Organizations (ISOs), and Aggregators. Secure Socket Layer (SSL) encryption became a standard, ensuring the confidentiality of sensitive information during online transactions.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

Stax

NOVEMBER 6, 2023

There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. Tokenization vs encryption Data encryption is another popular data security technique where data is transformed into an illegible format. The resulting token is essentially a proxy and has no real value.

Encryption 88

Encryption PCI DSS Data Security Origination 88

Segpay

JUNE 13, 2024

Recent cyberattacks on payment processors: The BitMark attack. Compliance with Industry Standards Your business should comply with industry bare minimums like Payment Card Industry Data Security Standard (PCI DSS). Over $150 million lost because of vulnerabilities in the online “hot wallets.” The Travelex ransomware attack.

Best Practices 40

Best Practices Processors Transactions Security 40

Clearly Payments

NOVEMBER 13, 2024

For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management. Payment processors use this data to authenticate the card details, ensuring that the card being used matches the card type, issuer, and other key characteristics tied to the BIN.

Process 76

Process Processors Payments Compliance 76

Payment Savvy

JULY 3, 2024

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.

Debit Card 52

Debit Card Process PCI DSS Processors 52

EBizCharge

MARCH 12, 2024

When a customer purchases on a merchant’s website, the payment gateway securely collects and transmits the payment information to the payment processor or acquiring bank for authorization. You can work with reputable payment processors like EBizCharge to ensure a seamless online payment experience that meets all your needs.

Credit Cards 52

Credit Cards ACH PCI DSS Payment Gateways 52

The Fintech Times

SEPTEMBER 24, 2024

“By automating risk assessments and ensuring encryption and secure data management, regtech not only reduces the chances of human error but also enables continuous monitoring for data breaches, thereby safeguarding privacy in an increasingly complex digital landscape. .”

Privacy 106

Privacy Compliance PCI DSS Rules 106

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

EBizCharge

JULY 19, 2024

This article will explore five reasons why using PDF forms for payment collection doesn’t meet PCI DSS requirements, highlighting the risks and security gaps inherent in this method. What is PCI compliance? FAQs FAQs What happens if I’m not PCI compliant?

PCI DSS 52

PCI DSS Compliance Credit Cards Third-Party Service Provider 52

Clearly Payments

APRIL 3, 2024

When a customer initiates a payment, the payment processor verifies the transaction details, such as the cardholder’s information and the availability of funds. Once verified, the processor authorizes the transaction and communicates this approval to both the merchant and the customer. Visa, Mastercard).

Process 45

Process Processors Online and Mobile Banking Payments 45

The Fintech Times

SEPTEMBER 5, 2024

Let’s take for example, the terminal and the processor, this is a one-way street communication and if either experiences a fault the entire non-cash transaction is no longer available. So what do we mean by ‘process rigidity’?

Financial Crimes 63

Financial Crimes Mitigation Cybersecurity Crime 63

Stax

SEPTEMBER 17, 2024

Benefits of using a payment gateway include a simplified purchasing experience for customers, increased operational efficiency, and PCI compliance. Most payment gateways come with features like fraud detection and data encryption that are specifically geared towards keeping your customers’ payment information secure.

Payment Gateways 88

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

Clearly Payments

JANUARY 12, 2024

Contact the Payment Processor Notify your payment processor as soon as possible. Merchants should invest in secure payment processing systems, utilize encryption technologies, and comply with Payment Card Industry Data Security Standard (PCI DSS) requirements.

Credit Cards 82

Credit Cards Law Enforcement Card Issuer PCI DSS 82

EBizCharge

MAY 24, 2024

Here’s a step-by-step guide on how to integrate embedded payment processing directly into your Sage payment processing software: Choose your payment processing integration: Select a payment processor that integrates into Sage. Ensure the processor follows industry-standard security protocols like encryption and fraud prevention tools.

Embedded Payments 52

Embedded Payments Process PCI DSS Payments 52

Stax

FEBRUARY 26, 2024

Role of payment gateways and processors Payment gateways and processors act as the backbone of recurring payments. These platforms facilitate secure transactions, encrypt sensitive data, and ensure the seamless flow of funds between customers and businesses.

Best Practices 88

Best Practices Payment APIs and Integration Payment Gateways Payments 88

Payment Savvy

MAY 11, 2023

To do so, you will need to establish a merchant account with an acquiring bank or payment processor. Transaction processing: Visa transactions are processed electronically through the Visa network, which securely communicates with your acquiring bank or payment processor to authorize and settle transactions.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

Evolve Payment

MARCH 21, 2024

Between the alphabet soup of acronyms (PCI? Gateway Providers Gateway providers act as tech-savvy middlemen, ensuring smooth communication between your payment processor, ERP solution, and accounting software. Gateways securely pass sensitive customer data from your website or point-of-sale (POS) system to your payment processor.

Process 52

Process Gateways Processors Credit Cards 52

PYMNTS

OCTOBER 26, 2016

Bluefin Payment Systems, a provider of PCI-validated point-to-point encryption (P2PE) solutions for retail, health care and higher education, announced Tuesday (Oct. 25) that it has introduced a cloud-based hosting option for its Decryptx PCI-validated P2PE product through Amazon Web Services (AWS).

PCI DSS 62

PCI DSS Encryption Gateways Processors 62

Cardfellow

OCTOBER 26, 2022

It also functions as a payment gateway that links your business and payment processors and has a built-in virtual terminal that enables you to accept credit card information by phone. The processor will set pricing for your accepted transactions. These costs are in addition to processing fees from a separate credit card processor.

PCI DSS 52

PCI DSS Credit Cards Payment APIs and Integration Gateways 52

Stax

APRIL 11, 2024

Robust security measures: Any PMS worth its salt needs to have standard security features like encryption, fraud detection and compliance with industry standards, including the PCI DSS. Payment gateways securely process online payments, acting as a bridge between your website and the payment processor.

Payments 88

Payments PCI DSS Compliance Processors 88

Stax

AUGUST 29, 2024

Compliance and security Your PSP is responsible for ensuring that sensitive customer financial data is securely encrypted and stored according to the standards and regulations of the industry, such as PCI DSS (Payment Card Industry Data Security Standard). Request a Quote

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

Stax

JULY 9, 2024

Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Compliance requires implementing robust security measures, such as encryption and authentication protocols, regularly auditing processes, and staying updated on regulatory changes.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

JANUARY 10, 2017

Bluefin Payment Systems, the provider of PCI-validated point-to-point encryption (P2PE) solutions for retail, health care and higher education, announced Tuesday (Jan. Bluefin said it developed a high-speed decryption architecture in order to serve gateways, processors and other large clients.

PCI DSS 49

PCI DSS EMV Encryption Gateways 49

BNG Payments

JANUARY 7, 2022

Ensure Your Business is PCI Compliant You've probably already heard a lot about the Payment Card Industry Data Security Standard (PCI DSS), commonly known as PCI. In short, all companies that process, store or transmit credit card information must comply with the PCI DSS.

Credit Cards 52

Credit Cards Mitigation Risk PCI DSS 52

EBizCharge

JUNE 4, 2024

Ensure the selected payment gateway complies with the Payment Card Industry Data Security Standards (PCI DSS) to protect your customers’ payment information. Acumatica, combined with the right payment processor, supports a variety of credit cards and provides a smooth transaction experience.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

Payment Savvy

NOVEMBER 11, 2020

They encrypt card information, as well as authorize or decline a transaction. . Such tools transfer sensitive information from the merchant to the acquirer and the issuing bank with the help of solid encryption to protect such crucial data from online fraud. Safety: PCI DSS Compliance Level. Efficient Fraud Detection.

Payment Gateways 52

Payment Gateways Gateways PCI DSS Credit Cards 52

EBizCharge

APRIL 25, 2024

Apply for a merchant account A merchant account is typically set up through a payment processor or acquiring bank. This account serves as an intermediary between the business and the payment processor or acquiring bank, facilitating the secure processing of credit and debit card transactions, among other forms of payment.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52

EBizCharge

JUNE 6, 2024

Select a payment gateway and processor. Once you’ve chosen a payment processor, the payment gateway they provide must seamlessly integrate with your Dynamics 365 environment, ensuring secure and reliable transaction processing. Additionally, encrypting data both in transit and at rest protects against unauthorized access.

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

PayHawk

APRIL 18, 2023

Approval Code A code provided by the payment processor to indicate that a transaction has been approved. BIN Sponsorship A service provided by payment processors that enables merchants to accept payment cards from multiple card issuers. Encryption The process of encoding sensitive data to prevent unauthorized access.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Stax

APRIL 18, 2024

You need to understand what features are most important in a mobile processor and the extent to which you need those features. A mobile credit card processor offers a many benefits that appeal to a wide variety of businesses: The most obvious benefit of mobile credit card processing is its portability and flexibility.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Mobile Payments 88

Stax

JULY 9, 2024

Encryption techniques ensure that payment data is transmitted securely between parties, making it difficult for unauthorized individuals to intercept or access sensitive information. It’s just the fees through the payment processors that merchants will need to check. NFC-enabled POS devices can be explored here.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

Stax

JULY 25, 2024

For example, you can integrate your POS system with a payment processor like Stax Payments and enjoy fair payment processing rates, third-party app integration, and comprehensive reporting. Check whether your POS system encrypts data as soon as the terminal receives the data.

Small Business 88

Small Business PCI DSS CRM Online and Mobile Banking 88

EBizCharge

JUNE 3, 2024

Additionally, implementing data encryption for information both in transit and at rest is vital. This can be achieved by using SSL/TLS protocols for data in transit and employing strong encryption standards for data storage.

Process 52

Process Payment APIs and Integration Payments Disputes 52

EBizCharge

MAY 2, 2024

These can be a blend of interchange fees, transaction fees, and fees from credit card processors. Secure data handling, encryption standards, and protection against credit card fraud are non-negotiable. 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