article thumbnail

PayMint Fintech Receives Approval From the Central Bank of Egypt to Launch Its First Meeza Prepaid Cards

Fintech Finance

Our PCI-DSS certification reinforces the trust we have built with our clients by offering fully secure services. The card supports daily transactions such as cash withdrawals, purchases, and online shopping within Egypt, with comprehensive control through the mobile application.

article thumbnail

Central Bank of Egypt Approves Meeza Prepaid Cards From PayMint to Advance Financial Inclusion

The Fintech Times

.” PayMint has also ensured its commitment to global standards for customer data security and payment procedures by obtaining the latest PCI-DSS certification. “Our PCI-DSS certification reinforces the trust we have built with our clients by offering fully secure services,” explained Mohamed Yehia , VC of PayMint.

article thumbnail

What is a BIN in Payment Processing

Clearly Payments

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. For instance, it indicates the issuing bank, card type (credit, debit, or prepaid), and sometimes the country of issuance.

Process 104
article thumbnail

The Anatomy of a Credit Card Transaction

Clearly Payments

Merchant Sells goods/services and accepts credit card payments. Acquiring Bank The acquiring bank processes the transaction on behalf of the merchant. Payment Processor Facilitates communication between acquiring and issuing banks. Card Network Card networks route transactions between banks (e.g.,

article thumbnail

Tourism Data Hack Leads Greek Banks To Cancel Thousands Of Their Cards

PYMNTS

After consumer information was compromised on a tourist website, Alpha Bank, Piraeus Bank, Eurobank and the National Bank of Greece each cancelled their credit and debit cards for customers. As a result, any banking card used on the travel portal was cancelled, and to be replaced.

PCI DSS 52
article thumbnail

Credit Card Processing for Small Business: Everything You Need to Know

Stax

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.

article thumbnail

Picking The Best Merchant Services Provider for your Sage Software

EBizCharge

They act as holding accounts where funds from customer transactions are temporarily deposited before being transferred to the businesss primary bank account. Payment gateways: Payment gateways facilitate communication between merchants banks, card-issuing banks, and credit card networks to complete card transactions.