PYMNTS

JANUARY 19, 2021

“That’s the entity that will bear the responsibility of anything that is tied to the relationship with the consumer — sales collection, filing and remedying taxes, the compliance with the local regulations, specifically commerce laws, and product return policies,” he said.

Cross-Border 128

Cross-Border PCI DSS Fraud Prevention Regulations 128

Clearly Payments

JANUARY 12, 2024

This documentation may be valuable for law enforcement or investigations by financial institutions. Notify Law Enforcement Report the incident to local law enforcement by filing a police report. Be prepared to cooperate with law enforcement authorities and follow any instructions they provide during their investigation.

Credit Cards 105

Credit Cards Law Enforcement Card Issuer PCI DSS 105

Stax

MARCH 11, 2025

Encryption and transfer of payment information The payment gateway that underpins your checkout page will now encrypt the customers payment details as stipulated by industry data security regulations like PCI DSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

VISTA InfoSec

JUNE 3, 2024

Here are some important tips for creating a GDPR-compliant password policy: Understanding GDPR and Its Implications The General Data Protection Regulation (GDPR) is a comprehensive data protection law enacted by the European Union to safeguard its citizens’ privacy and personal data.

MFA 130

MFA Credential PCI DSS Compliance 130

PYMNTS

OCTOBER 7, 2020

As data privacy becomes enshrined in international law, regulatory compliance will grow more stringent and costly to companies that fail to provide the digital defenses these laws demand. A variety of approaches can get the job done, but some outperform others.

Compliance 80

Compliance PCI DSS Payment Gateways Gateways 80

The Fintech Times

SEPTEMBER 24, 2024

“Most modern solutions are designed with compliance in mind, meeting stringent regulatory requirements such as GDPR and PCI DSS. This includes ensuring that data is encrypted both in transit and at rest, providing robust protection against unauthorised access.

Privacy 107

Privacy Compliance PCI DSS Rules 107

Stax

MARCH 15, 2024

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

Process Security PCI DSS Encryption 88

Exact Payments

JANUARY 4, 2024

The Payment Card Industry Data Security Standard (PCI DSS) plays a crucial role in protecting cardholder data for businesses that accept credit card payments. As a business owner or professional, it’s essential to understand the importance of PCI compliance and its requirements.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

The Fintech Times

DECEMBER 14, 2023

Regulations, which vary by region, encompass standards like Payment Card Industry Data Security Standard (PCI DSS), anti-money laundering (AML) laws, know your customer (KYC) requirements, and consumer protection laws.

Acquirers 59

Acquirers PCI DSS Fraud Detection Cross-Border 59

PYMNTS

DECEMBER 4, 2017

. —60 percent of SMBs said they don’t follow PCI DSS or HIPPA rules when storing customer credit card and banking information , according to new research from Clutch. Clutch warned that fines for non-compliance with these rules can reach into the millions of dollars. —54

Small Business 54

Small Business Data Security PCI DSS Data Breach 54

Stax

MARCH 6, 2024

Legal and payment compliance Adhering to compliance standards, including those set by the Payment Card Industry Data Security Standard (PCI DSS), is essential. Local and International Laws: These vary by region and govern consumer rights, disclosures, and consent related to recurring payments.

Best Practices 88

Best Practices PCI DSS Payment Gateways Gateways 88

FICO

NOVEMBER 1, 2016

Nearly every state has data security breach notification laws that set different standards on when notice may be given to consumers and state authorities, and under what circumstances. The proposal adds new standards to the regulatory maze of notification requirements.

Cybersecurity 81

Cybersecurity Regulations PCI DSS Data Encryption 81

Stax

APRIL 30, 2024

In addition, they also ensure the privacy of business data and compliance with laws and regulations. However, this isn’t legal in all states, so you need to check the laws before applying a surcharge. Not complying with the PCI can attract a fine of up to $500,000 per incident.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

Payment Savvy

MAY 11, 2023

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. Security: Visa has strict security requirements to protect cardholder data and prevent fraud.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

Stax

JANUARY 8, 2024

Several US legislations (like the Patriot Act, anti money laundering laws , or FinCEN regulations) require PayFacs to know the identities of the business owner(s) they plan to facilitate payments for, during the underwriting stage. could result in financial losses, litigations, law enforcement action, and damage to reputation.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

Stax

FEBRUARY 26, 2024

Also, as payment regulations evolve, businesses must stay vigilant to comply with various payment standards and laws. Keeping track of various state and country laws can be tough, so choosing a payment processor that ensures compliance is key to addressing this challenge. Ready to Learn More?

Best Practices 88

Best Practices Payment APIs and Integration Payment Gateways Payments 88

Segpay

JANUARY 30, 2025

In August 2024, the EU drafted the world’s first comprehensive AI law. This EU AI Act aims to address to protect democracy, rule of law and the environment. Cross-border Data Flows: Many AI services operate globally, leading to complexities in adhering to local and international data laws.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

M2P Fintech

DECEMBER 17, 2024

Compliance monitoring ensures adherence to regulations like PCI DSS and AML laws. Risk Management Advanced fraud detection tools monitor transactions in real time to identify potential fraud.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Settlement 52

Stax

JULY 9, 2024

Key regulations governing EFT payments include the National Automated Clearing House Association (NACHA) rules, which establish guidelines for ACH transfers, and the Payment Card Industry Data Security Standard (PCI DSS), which sets security standards for handling card information. Q: Are EFT payments safe?

Electronic Fund Transfer Act (EFTA) 88

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

Exact Payments

SEPTEMBER 25, 2023

Step 4: Obtain PCI Certification Every business that transmits or handles payment information must comply with the Payment Card Industry’s Data Security Standards or PCI DSS. These standards help ensure that sensitive data is kept secure during every step of the transaction process.

PCI DSS 52

PCI DSS OFAC Facilitators Payment Gateways 52

EBizCharge

JULY 24, 2024

Financial institutions and P2P applications must follow anti-money laundering (AML) laws and know your customer (KYC) regulations. Moreover, P2P platforms must also comply with the Payment Card Industry Data Security Standards (PCI DSS) when processing debit card and credit card transactions.

P2P 52

P2P PCI DSS Encryption Fraud Prevention 52

Stax

NOVEMBER 11, 2024

For example, a law firm typically bills clients multiple times either for installment payments or ongoing hourly charges. Businesses must adhere to NACHA’s “ACH Security Framework,” which includes measures for safeguarding sensitive customer data – similar to how PCI DSS protects cardholder information at checkout.

ACH 88

ACH Checks Identity Theft Payments 88

Fintech Review

OCTOBER 3, 2024

Compliance and Security in Fintech Outsourcing In the highly regulated world of fintech, compliance with international and local laws is non-negotiable. Data privacy regulations, such as PCI-DSS and specific financial regulatory standards, must be strictly adhered to.

FinTech 52

FinTech PCI DSS Compliance Fraud Detection 52

Segpay

MARCH 10, 2025

A gaming payment gateway encrypts financial data, prevents fraud, and ensures compliance with security standards like PCI DSS, giving users peace of mind while making deposits and withdrawals. Solution with Segpay: Built-In Compliance Tools Segpay is a fully PCI DSS Level 1-compliant payment processor, ensuring secure transactions.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

EBizCharge

AUGUST 30, 2024

While surcharging can offset or cover credit card processing fees altogether, merchants must comply with the rules set by credit card networks and local laws. Merchants must adhere to the Payment Card Industry Data Security Standard (PCI DSS) to protect cardholder data.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Stax

MAY 7, 2024

PCI-compliance fees – Businesses running credit card transactions must be compliant with the Payment Card Industry Data Security Standard (PCI DSS). This regulation is managed by the Payment Card Industry Security Standards Council (PCI SSC) and is meant to protect the cardholder’s data.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

EBizCharge

JUNE 28, 2024

For example, Colorado, Connecticut, Massachusetts, and others have laws prohibiting surcharges. Determining the legality of charging credit card fees requires understanding various individual state laws , card network regulations, and the type of fee being charged. That said, not all states allow this practice.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

EBizCharge

MAY 2, 2024

While free credit card processing for businesses may sound appealing, it’s imperative to ensure compliance with payment network rules and local laws and to evaluate how it may affect customer experience. The surcharge cannot exceed the payment processing cost or legal limits set by state laws.

Credit Cards 52

Credit Cards Process Processors Legal 52

PYMNTS

SEPTEMBER 22, 2017

Get to know PCI DSS (or hire a vendor who does). There are a host of federal, state and local regulations you need to know – and it’s probably best to get up to speed on the zoning laws in your area as well. Want to accept credit cards? Hoping to sell some food out of a truck?

AI 43

AI PCI DSS B2B Laws 43

Stax

JANUARY 10, 2024

PCI compliance fees. This fee helps payment processors maintain compliance with the latest Payment Card Industry Data Security Standard (PCI DSS) requirements for secure online transactions. If you’re considering surcharging, you need to ensure that your program complies with all relevant state laws and regulations.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

PYMNTS

JUNE 10, 2016

However, Powers said, many times features that customers desire are precluded by different laws and regulations. We get feedback on a regular basis, but a lot of the things that I would love to do are things the city wouldn’t allow or it’s against the law.”. Keeping it all secure.

Mobile Payments 42

Mobile Payments PCI DSS Push-to-Card Credit Cards 42

EBizCharge

MAY 14, 2024

Regulatory compliance Automated billing systems are designed with built-in features and functionalities that ensure compliance with relevant laws, regulations, and industry standards governing billing practices, such as data privacy regulations, tax laws, and consumer protection statutes.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Clearly Payments

NOVEMBER 18, 2024

Key Regulatory Guidelines PCI DSS : Ensure secure handling of cardholder data with PCI DSS. GDPR/CCPA : Protect customer data and comply with regional privacy laws. Card Network Rules : Adhere to guidelines issued by Visa, Mastercard, and other credit card networks.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

Stax

OCTOBER 14, 2024

Verify that the provider is PCI-DSS compliant to ensure that your customers’ data is protected according to industry standards. Businesses like psychics and consumer bankruptcy law firms, for instance, are prohibited. Evaluate Security Measures Security is a critical factor in selecting a payment processor.

Processors 88

Processors Small Business Payment APIs and Integration Payments 88