Remove 2020 Remove Payment Gateways Remove PCI DSS
article thumbnail

PCI DSS Compliance in Healthcare

VISTA InfoSec

million between May 2020 and March 2021. In this blog post, we’ll delve into the significance of PCI DSS compliance in healthcare and explore how it helps protect patient data and privacy. You may be wondering, what is the role of PCI DSS in healthcare if an organization is already HIPAA compliant?

PCI DSS 130
article thumbnail

Orchestration Curing COVID-Era Compliance Headaches

PYMNTS

At the orchestration level, protocols like smart routing are ensuring that transactions make it to the best available payments gateway, while detecting and adding friction to suspicious activity. Leveraging third-party data vaults benefits businesses by enabling access to multiple payment gateways to boost transaction success rates.

article thumbnail

Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

In 2019, 77% of US consumers were using at least one type of digital payment system. By the end of 2020, that rose to 78%. What has grown more significantly is the number of electronic payments and alternative payment methods consumers now use. What makes online payment gateways unique?

article thumbnail

How to Mitigate Credit Card Payment Risks 

BNG Payments

How to Mitigate Credit Card Payment Risks Credit cards are the number one form of payment with businesses today, and with more businesses offering online purchasing each year, the future of credit cards remains bright. million reports of fraud were recorded in 2020 alone. According to the Federal Trade Commission , 4.7

article thumbnail

What is B2B Payments Processing and How Do You Implement It?

Stax

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. Between 2019 and 2020, the number of U.S. consumers using two or more types of digital payment methods increased by 8%.

B2B 88
article thumbnail

5 Benefits of ACH Payments Over Check Payments

Stax

This additional time for payment delivery can cause confusion and errors and ultimately can have negative impacts on the customer experience. In 2020 there was an average of 1.4 million ACH payments, with a daily value of $1.8 According to NACHA, most ACH transfers process the same or next-day.

ACH 88
article thumbnail

How to start a payment processing company?

Ikajo

The role of Payment Service Providers A Payment Service Provider (PSP) is a type of payment processing company that specializes in providing a wide range of payment-related services and solutions to businesses. However, it’s also possible for payment processing companies to provide similar extended services.

Process 52