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How are Interchange Fees Calculated?

Stax

Every time a customer makes a payment with a credit or debit card, the merchants acquiring bank pays a fee to the customers card issuing bank. Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.). But there’s more to it.

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Entrust acquires multi-cloud data encryption company HyTrust

The Paypers

US-based identity management provider Entrust has acquired multi-cloud data encryption, key management, and cloud security posture management solutions provider HyTrust.

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Hewlett Packard's Encryption Tech Proves Its Worth at Heartland

Payments Source

A data encryption method that Heartland Payment Systems CEO Robert Carr swears by has received high-level acceptance as part of a new standard.

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CardConnect’s Newest Encryption Tool Emerges From Beta

PYMNTS

17) that it is rolling out Bolt P2PE , a point-to-point encryption service enabling software companies to integrate the firm’s encryption offerings. Based in the cloud, Bolt P2PE integrates its encryption capabilities into devices and apps and links with CardConnect’s existing payments technology, CardSecure.

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PCI requirements and who needs to follow them

Basis Theory

Whether that is collecting credit card numbers to transmit with a payment gateway, placing details into a shared customer relationship management system, or storing card numbers in an encrypted database—all of this sensitive information must be protected according to the specifics of the PCI-DSS standard.

PCI DSS 88
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How Payment Gateway APIs Work and Code Examples

Clearly Payments

Finally, the acquiring bank settles the funds with the merchant, completing the transaction cycle. Authorization : The API sends the transaction details to the acquiring bank (merchant’s bank), which forwards them to the issuing bank (customer’s bank) for authorization.

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Pragmatically Navigating New Technologies in The New Year

The Finance Weekly

To prevent harm to your network and mitigate risk, consider requiring multi factor authentication to access company data, encrypting email, securing email attachments, and implementing other best practices.