The Paypers

AUGUST 23, 2024

Cloudera has announced that it has achieved Level 1 compliance with the Payment Card Industry Data Security Standard (PCI DSS) for Service Providers.

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PCI DSS Compliance Data Security Service Provider 41

VISTA InfoSec

OCTOBER 11, 2023

The Payment Card Industry Data Security Standard ( PCI DSS ) aims to prevent financial fraud by securing payment card data. In this process, you’ll come across key terms like PCI SAQ (Self-Assessment Questionnaire), AOC (Attestation of Compliance), and PCI ROC (Report on Compliance). First off, we have a QSA.

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PCI DSS Compliance Audit Assessments 130

Stax

SEPTEMBER 17, 2024

TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. There are 12 requirements under PCI DSS, divided into six major categories. What is PCI Compliance? PCI DSS stands for “Payment Card Industry Data Security Standards.”

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PCI DSS Credit Cards Compliance Process 88

Stax

AUGUST 29, 2024

A PSP (Payment Service Provider) can equip your eCommerce and brick-and-mortar business with an all-in-one platform that supports multiple payment systems, including debit & credit cards, eWallets, and bank transfers (ACH). For example, Stripe is a payment service provider that offers shared merchant accounts to its platform users.

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

Fintech Finance

MARCH 20, 2024

A platform that has been developed to ensure the secure transmission of sensitive payment card data, serving as a vital link between MeaWallet customers, payment processors and service providers. Going further than PCI compliance, Mea Card Gateway offers a plethora of additional unique functionalities.

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PCI DSS Gateways Security Push-to-Card 52

PYMNTS

OCTOBER 27, 2016

26) that it is expanding features tied to its registry of service providers. That registry, the payments giant said in a blog post , includes listings of, and information about, payment service providers who store, process and also transmit Visa cardholder data. Visa said Wednesday (Oct.

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PCI DSS Service Provider EMV Authentication 53

Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. TL;DR The PCI DSS determines security protocols and sets the standards for payment security. As a Level 1 PCI Service Provider, Stax offers the highest level of PCI compliance.

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PCI DSS Payment Security Security MFA 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.

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PCI DSS Compliance Audit Encryption 52

Fintech Finance

MAY 24, 2024

Bluefin’s TECS payment platform provides omnichannel payment solutions to Acquirers, Payment Service Providers, POS system providers, Independent Software Vendors, and other merchant aggregators around the globe, offering a cloud-based Payments Platform-as-a-Service.

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PCI DSS Encryption Payments Payment Solutions 52

Clearly Payments

MAY 2, 2024

Security and Compliance : The contract should detail the payment processor’s compliance with security standards, such as PCI DSS (Payment Card Industry Data Security Standard) , and outline your responsibilities in maintaining security. Monthly Fees : Can range from $10 to $50 or more, depending on the services provided.

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Process PCI DSS Processors Payments 105

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.

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Process Security PCI DSS Encryption 88

VISTA InfoSec

FEBRUARY 28, 2024

In our ongoing series of articles on the Payment Card Industry Data Security Standard (PCI DSS), we’ve been examining each requirement in detail. In this blog post, we will delve into the changes introduced in PCI DSS Requirement 8 from version 3.2.1 Conclusion: PCI DSS v4.0

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PCI DSS Best Practices Authentication Rules 130

Stax

MARCH 26, 2024

Secure Transactions: Online terminals incorporate security protocols like SSL encryption, tokenization, and Payment Card Industry Data Security Standards (PCI DSS) compliance. Service providers Service-oriented businesses, be they spas or consultancy agencies, find a valuable solution in online terminals.

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PCI DSS Encryption Payment Gateways Disputes 88

Stax

JUNE 4, 2024

When comparing the payment service providers, you must consider factors like compatibility, security, payment methods, cost of equipment, processing fees, and room to scale to ensure you are making the right choice. TL;DR A payment processor is one of the most important components of your tech stack.

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Process PCI DSS Payment APIs and Integration Payments 88

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? Can outsourcing help with PCI compliance? Can outsourcing help with PCI compliance?

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PCI DSS Compliance Credit Cards Third-Party Service Provider 52

Payment Savvy

JULY 3, 2024

This occurs when the cardholder contacts their issuing bank to request a reversal of the transaction amount, typically due to fraud, unauthorized purchases, or dissatisfaction with the goods or services provided. PCI DSS Compliance This is the cornerstone of debit card security.

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Debit Card Process PCI DSS Processors 52

Fintech Finance

MARCH 22, 2024

Akash Sinha, CEO and Co-founder, Cashfree Payments said, “As one of the largest payment service providers, it’s our responsibility to make the ecosystem safer and more secure for Indian businesses. Additionally, to build risk solutions, businesses would require specific certifications like PCI DSS certificate etc.

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PCI DSS Payment APIs and Integration Risk Management Payments 52

Ikajo

DECEMBER 18, 2023

In this article, we will comprehensively explore what is a white-label payment gateway, unravel its functionalities, advantages, and the dual impact it holds, benefitting both payment service providers and merchants worldwide. What is a payment gateway? The use of white-label payment gateways is widespread.

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Payment Gateways Gateways PCI DSS Payments 52

PYMNTS

OCTOBER 5, 2020

Hackers often try to intercept the data as it travels between entities, attempting to breach retailers’ or their payment providers’ systems to obtain stored cardholder details. PCI DSS is intended to help combat this by instructing merchants on safeguarding the transactional steps in which they are involved.

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Data Breach Breach PCI DSS Compliance 82

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. These standards ensure that customer payment information is handled securely and that transactions meet legal requirements. Q: What regulations apply to recurring billing?

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Best Practices PCI DSS Payment Gateways Gateways 88

Fintech Finance

MARCH 25, 2024

Leatherback , a global banking service provider for individuals and businesses, has entered into a strategic partnership with YES BANK , a leader in India’s private banking sector, to enable easier remittance and Indian Rupee (INR) payouts in India for its users via its tech-driven platform.

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PCI DSS ISOs SWIFT Verification 52

PYMNTS

JANUARY 14, 2020

In financial services, demand for ease of use and security are sky-high, even for business customers. But for many service providers, achieving one can often mean compromising the other. Other regulations adding weight to financial service providers’ compliance burden include Europe’s PSD2 and the U.K.’s

Security 101

Security PCI DSS Compromise Service Provider 101

Stax

JANUARY 22, 2024

Consider the following: Merchants are the sellers, businesses, or service providers seeking payment for their offerings. Digital payments only take a few seconds, but they flow through many different layers of partners and technology. But the high-level difference is when and how to deploy them as part of the payment process.

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Payment Gateways Gateways Facilitators PCI DSS 88

Clearly Payments

FEBRUARY 23, 2024

For example, a payment service provider may define KPIs such as the average revenue per user (ARPU) to monitor revenue generation effectiveness, customer acquisition cost (CAC) to evaluate marketing efficiency, and transaction success rate to measure operational reliability.

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Processors PCI DSS Payments Assessments 105

VISTA InfoSec

NOVEMBER 9, 2023

In the world of digital transactions, businesses handling payment cards must demonstrate their data security measures through the Payment Card Industry Self-Assessment Questionnaire (PCI SAQ). Completing the SAQ is a key step in the PCI DSS assessment process, followed by an Attestation of Compliance (AoC) to confirm accuracy.

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PCI DSS Assessments Compliance Credit Cards 130

The Paypers

FEBRUARY 28, 2017

(The Paypers) Simility has achieved PCI DSS Service Provider Level 1 Compliance to boost customer data security from credit card fraud and hacking.

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PCI DSS Data Security Compliance Security 28

Ikajo

NOVEMBER 22, 2023

In this article, we will explore what is PayFac-as-a-Service, who it is for, and how it benefits Payment Service Providers (PSPs) and merchants worldwide. Payment facilitator, abbreviated as PayFac, is a type of financial service provider that simplifies payment acceptance for businesses.

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Facilitators Payment APIs and Integration PCI DSS Payments 52

Clearly Payments

MARCH 22, 2024

Security and Trust with Mobile Payments As mobile payments continue to gain popularity, security and trust remain paramount concerns for both consumers and service providers. Service providers must be transparent about their security protocols and responsive to emerging threats to maintain user confidence.

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Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

Cardfellow

OCTOBER 26, 2022

Recurly’s credit card decline logic technology automatically corrects 60 common error types to retry the card and ensure that you get paid for your goods and services. Security Recurly is PCI-DSS Level 1 compliant, the highest level of PCI-DSS compliance achievable.

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PCI DSS Credit Cards Payment APIs and Integration Gateways 52

EBizCharge

AUGUST 30, 2024

The fees associated with credit card processing typically consist of various costs, including transaction fees, interchange fees, and service provider fees, which can significantly impact a business’s bottom line. These fees vary depending on the payment processor and the merchant’s chosen service plan.

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The Fintech Times

JUNE 13, 2024

Open banking A critical component of MENA’s financial technology landscape is increased adoption of open banking, which allows third-party developers to build applications and services around financial institutions.

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Instant Payments Payment APIs and Integration ISO 20022 PCI DSS 59

EBizCharge

AUGUST 12, 2024

They also oversee the final settlement of card transactions, transferring the funds to the merchant’s account minus any transaction fees for the services provided. Now that you know the functions of a merchant acquirer, you should familiarize yourself with what to look for when choosing one for your business.

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Credit Cards Acquirers Process Debit Card 52

PYMNTS

FEBRUARY 9, 2017

That means the company is the world’s first Payment Card Industry Data Security Standards (PCI DSS) Level 1 service provider able to offer secure payment solutions across the full spectrum of phone, web, mobile app, SMS and now Live Chat.

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PCI DSS Security Payments Credit Cards 51

PYMNTS

OCTOBER 26, 2016

In a press release , the company said Decryptx, Bluefin’s Decryption-as-a-Service (DaaS) product for enabling the company’s PCI-validated P2PE solution on partners’ gateways and processing platforms, allows PCI/DSS providers and merchants to enhance their platform and offer Bluefin’s PCI-validated P2PE solution via a simple integration.

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PCI DSS Encryption Gateways Processors 62

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.

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Credit Cards PCI DSS Compliance Process 88

The Fintech Times

FEBRUARY 27, 2024

Payment service providers will need to find ways of monetising the data generated by payments and creating value-added services that elevate payments beyond a simple transfer of funds. However, as was the case in the telecommunications industry, innovation doesn’t end because a product becomes commoditised.

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Consumer Protection Stablecoins Payments Trends Consumer 69

Payment Savvy

JULY 12, 2024

Processing online payments involves costs, whether they’re fees to credit card companies, processing networks, or payment service providers. Payment processing is how a merchant services provider handles credit card transactions. However, it’s possible to manage and minimize these fees effectively.

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Debit Card Online and Mobile Banking Payments Zelle 52