Basis Theory

NOVEMBER 12, 2024

How tokenization applies to being PCI compliant and meeting the 12 PCI DSS requirements. Minimize or Eliminate Compliance Requirements While necessary, compliance, particularly, the 12 PCI DSS requirements , are a significant burden for organizations to bear.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

The Payments Association

MARCH 25, 2025

Sends leverages AI to mitigate risks, comply with FCA, PSD2, and PCI DSS, and enhance client experience with secure and innovative services. Strict compliance with FCA, PSD2, and PCI DSS protects consumers and combats financial crime, but implementation demands resources and adaptation.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

Clearly Payments

NOVEMBER 13, 2024

Card Verification and Authentication : BINs support the verification process by providing immediate access to the issuing institution’s information. Verification and Approval : The issuing bank reviews the transaction, confirms the cardholder’s account details, and assesses if there are sufficient funds or available credit.

Process 104

Process Processors Payments Compliance 104

Stax

JANUARY 23, 2025

Key steps include application review, risk assessment, credit checks, and compliance verification. Step 4: KYC and AML Checks Compliance officers or automated systems integrated with KYC and AML verification services verify the identity of business owners and ensure compliance with anti-money laundering regulations.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Stax

APRIL 3, 2025

Businesses using self-hosted gateways must handle data security measures and comply with industry standards like PCI DSS. For eCommerce payment systems, these measures include two-factor authentication, fraud filters, real-time transaction monitoring, card verification value, device fingerprinting, and address verification system.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

Stax

JANUARY 21, 2025

Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. Look for PCI DSS-compliant payment gateways that optimize the security of credit and debit card transactions. Learn More What is a Payment Gateway?

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Clearly Payments

MARCH 14, 2025

3D Secure Authentication : Adds an additional verification step for online transactions, such as a one-time password (OTP) or biometric authentication. PCI DSS Compliance : Merchants and payment providers must adhere to Payment Card Industry Data Security Standards (PCI DSS) to protect cardholder data.

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

Stax

MARCH 4, 2024

TL;DR The PCI DSS determines security protocols and sets the standards for payment security. Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. How do two-factor authentication and “3-D secure” protect payment information?

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Clearly Payments

JANUARY 8, 2024

The first step is implementing robust authentication processes, including multi-factor authentication, biometric verification , and tokenization , to enhance user access security. Secure Network Configurations Configuring secure networks is fundamental to PCI DSS compliance.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Fintech News

SEPTEMBER 9, 2024

Frederic Ho, who is the APAC VP at Jumio , a global provider of automated, AI-driven identity verification said that online identity verification plays an important role in digital transformation to ensure the transacting person is who they claim to be.

Deepfake 126

Deepfake PCI DSS Verification Financial Inclusion 126

Stax

APRIL 8, 2025

PCI compliance fee – This fee is usually charged by the payment processor or acquiring bank to ensure the business follows Payment Card Industry Data Security Standard ( PCI DSS ) requirements to protect customer data. Research different pricing models and choose a processor that offers what’s best for your business.

Credit Cards 88

Credit Cards Process Processors Push-to-Card 88

Stax

MARCH 11, 2025

The payment processor : this is the payment services provider that handles the verification and transfer of data and funds between the financial institutions involved in that transaction. Payment verification Once the payment processor receives the now-encrypted payment information, it will be sent to the issuing bank for verification.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

The Paypers

JUNE 8, 2020

Invoiced , a provider of accounts receivable automation solution, has earned an independent verification of PCI-DSS compliance for its cloud-based system.

PCI DSS 28

PCI DSS Compliance Automation Accounts 28

VISTA InfoSec

JUNE 3, 2024

MFA requires users to provide two or more verification factors, such as a password and a one-time code sent to their mobile device. PCI PIN and PCI DSS: Standards for securing payment card data. ISO27001: An international standard for information security management systems.

MFA 130

MFA Credential PCI DSS Compliance 130

Stax

JANUARY 28, 2025

Step 3: The payment services provider authenticates the transaction Once the customer selects a preferred card network, the merchants payment gateway will send the transaction details to the merchants payment services provider who will then contact the customers issuing bank for payment verification.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

EBizCharge

MARCH 18, 2025

Payment security A reliable Sage 100 payment processing solution will protect customer payment information by implementing robust security protocols and ensuring full compliance with Payment Card Industry Data Security Standards (PCI-DSS).

Credit Cards 52

Credit Cards Process Security Data Breach 52

Stax

NOVEMBER 21, 2024

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Nanonets

OCTOBER 9, 2024

  Whether you're a loan officer reviewing an application or a business owner ensuring your clients’ payments are in order, bank statement verification is integral to ensuring financial accuracy and fraud prevention. Let’s discuss bank statement verification and find answers to some of your biggest challenges.

Verification 52

Verification AI Reconciliation Payment APIs and Integration 52

EBizCharge

FEBRUARY 26, 2025

Additionally, it includes security features such as tokenization, encryption, and fraud prevention tools to ensure compliance with Payment Card Industry Data Security Standards (PCI DSS). Address Verification Service (AVS) and CVV verification should be enabled to prevent unauthorized transactions and reduce chargeback rates.

Credit Cards 52

Credit Cards Process Payment APIs and Integration Payment Gateways 52

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. Two-Factor Authentication (2FA).

Process 88

Process Security PCI DSS Encryption 88

Clearly Payments

OCTOBER 22, 2024

Verification : The encrypted PIN is sent to the card issuer’s system, where it is matched against the cardholder’s stored PIN. Transaction Approval : Upon successful verification, the card issuer approves the transaction, and the payment is processed. If the PIN is correct, the transaction proceeds.

Debit Card 105

Debit Card Credit Cards Point-of-Sale (POS) Encryption 105

Clearly Payments

JANUARY 12, 2024

Merchants should invest in secure payment processing systems, utilize encryption technologies, and comply with Payment Card Industry Data Security Standard (PCI DSS) requirements. Implementing robust security measures is another essential step. Real-time monitoring of transactions is crucial in identifying suspicious activity promptly.

Credit Cards 105

Credit Cards Law Enforcement Card Issuer PCI DSS 105

EBizCharge

NOVEMBER 27, 2024

Fraud detection and security tools: Merchant accounts often include tools and standards to prevent fraud and enhance security, including Payment Card Industry Data Security Standards (PCI-DSS).

Accounts 52

Accounts Payment Gateways Gateways Payment APIs and Integration 52

Stax

APRIL 30, 2024

Payment processors are responsible for communicating the details among various entities, whereas payment gateways deal with verification and approval. In addition, there are other costs like statement fees, merchant account fees, and verification fees. 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

PYMNTS

JUNE 6, 2016

.” This latest front is yet a new one in the ongoing war between retailers and card companies over the new EMV standard and whether or not PIN should be used as opposed to signature-based verification methods that are currently the norm. Its preferred solution involves working with what it terms “legitimate U.S.

FTC 40

FTC PCI DSS EMV Data Security 40

Clearly Payments

DECEMBER 2, 2024

To minimize risk: Look for PCI Compliance: The Payment Card Industry Data Security Standard (PCI DSS) is mandatory for all businesses that handle cardholder data. Choose systems that use address verification and CVV code verification. Ensure your provider complies with these standards.

Credit Cards 105

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 105

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).

Payment Service Provider (PSP) 88

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

Stax

APRIL 10, 2025

A SaaS company that handles sensitive customer data in the process of accepting online card payments must comply with stringent regulations like PCI DSS (Payment Card Industry Data Security Standard) and GDPR (General Data Protection Regulation).

Small Business 88

Small Business Wire Transfer BNPL ACH 88

EBizCharge

MARCH 3, 2025

Acumatica payment providers should comply with legal and regulatory requirements like Payment Card Industry Data Security Standards (PCI-DSS) , which safeguard payment data by implementing various security protocols. 3D Secure authentication requires an additional verification step during a credit card transaction.

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

Stax

DECEMBER 27, 2023

How Merchant Accounts Work The process of transaction handling When a customer makes a payment, their payment information is securely transmitted from the checkout to the payment processor for verification. PCI compliance. Scalability.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

Clearly Payments

MARCH 22, 2024

Biometric authentication, including fingerprint scanning and facial recognition, provides a highly secure and convenient method for user verification, reducing the risk of fraud and identity theft. Despite these technological advancements, maintaining trust in mobile payment systems also depends on user education and awareness.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

Fintech Finance

MARCH 25, 2024

Leatherback is FCA Authorised, PCI DSS Compliant, and ISO Certified. According to Ibrahim Toyeeb Ibitade, CEO of Leatherback, “It is truly special to partner with YES BANK to connect more global players to emerging opportunities in India.

PCI DSS 52

PCI DSS ISOs SWIFT Verification 52

Payment Savvy

JULY 3, 2024

Types of Debit Card Processing & Technologies Card-Present Transactions PIN-based Debit Cards : a debit card transaction where the customer enters a PIN for verification. PCI DSS Compliance This is the cornerstone of debit card security. Signature-based Debit Cards : Transactions verified by the customer’s signature.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

JUNE 6, 2024

Test different aspects of the solution, such as invoice creation, report customization, payment reminders, and payment verification. You can ask for a demo before investing in the software to gauge its usability and ease of use. On top of automating your AR processes, the software should also provide various customization opinions.

Accounts 88

Accounts PCI DSS Online and Mobile Banking Automation 88

EBizCharge

JANUARY 14, 2025

Finding a gateway that provides robust fraud prevention tools, encryption, tokenization, full PCI Compliance , and advanced verification is important. Overall, the payment gateway acts as a secure bridge that encrypts sensitive data, such as credit card details, to ensure the transaction is processed safely and efficiently.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 52

M2P Fintech

DECEMBER 17, 2024

Key Features of a Merchant Management System Merchant Onboarding The onboarding process begins with merchants submitting applications along with required documentation for verification. Compliance monitoring ensures adherence to regulations like PCI DSS and AML laws.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Settlement 52

Clearly Payments

JULY 11, 2024

PCI Compliance Fees: Fees for maintaining compliance with Payment Card Industry Data Security Standards (PCI DSS). For example, transactions without proper address verification (AVS) may be downgraded, incurring additional charges of 0.1% Batch Fees: Charges for processing a batch of transactions at the end of the day.

Process 52

Process PCI DSS Processors Non-Bank 52