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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

It offers benefits, such as passing interchange fees to users, boosting profit margins, and encouraging alternative payment methods. Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. Utilizing global payment networks (Visa, Mastercard, etc.) Enter the PCI DSS compliance.

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An Overview of Payment Regulation In The USA

Clearly Payments

Additionally, payment regulation mandates stringent security measures, data protection standards, and adherence to anti-money laundering (AML) regulations to thwart fraud, cybersecurity breaches, and illicit financial activities. It oversees compliance with federal banking laws, including those governing payments.