PYMNTS

JANUARY 13, 2021

There are myriad personalized factors to consider before a merchant undertakes a program to implement surcharges, including an audit of things like average ticket size, customer demographics and the percentage of credit versus debit transactions. “If

Transactions 90

Transactions Debit Transaction Credit Cards Card Issuer 90

PYMNTS

MAY 22, 2020

CO-OP saw credit and debit transaction counts fall precipitously in the early weeks of the pandemic, as low as 30 percent. We’re not going to do underwriting or audits — we’re just going to give you a loan to help you through this difficult time.’ It’s slowly picking up just a little bit,” he said.

Credit Union 105

Credit Union Remote Deposit Capture Volume Push-to-Card 105

PYMNTS

MAY 30, 2018

All of these practices are heavily monitored and audited through PCI and other sub-audit practices. Gone are the days when a POS device might be outfitted with a single encryption key needed for debit transactions. All of this, by the way, takes place against a backdrop where regulations are only getting stricter.

Encryption 49

Encryption Audit Point-of-Sale (POS) Acquirers 49

EBizCharge

JULY 16, 2024

Authorization requirements Before initiating ACH debit transactions, NACHA requires that entities obtain explicit, written authorization from the customer. Authorization documents must be retained and made available upon request, serving as proof of compliance and legitimizing the transaction.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Stax

JULY 9, 2024

Additionally, automated record-keeping and electronic transaction histories simplify auditing and financial reporting, making it easier for businesses to maintain compliance with regulatory requirements. EFT Payments vs Credit Card Payments While debit transactions are EFT payments, credit card payments are not.

Electronic Fund Transfer Act (EFTA) 88

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

EBizCharge

AUGUST 8, 2024

Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data. ACH payments process large volumes of credit and debit transactions in batches. Customer support: Salesforce is known for its comprehensive customer service, which extends to its merchant services.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

EBizCharge

JULY 18, 2024

ACH is widely known for processing large credit and debit transactions, including direct deposits and bill payments. This compliance reduces the risk of legal issues and fines, as it guarantees that transactions meet the necessary data security and privacy standards.

ACH 52

ACH Transactions Payments Funds Transfer 52