Remove Government Payments Remove Legal Framework Remove Money Laundering
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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Surcharging incentivizes customers to use alternative, lower-cost payment methods. The more they use cash payment, the lower your overall processing expenses. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging.

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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.