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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

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Opt for gateways that support diverse payment options like credit/debit cards, digital wallets, and international payments to accommodate customer preferences. Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions.

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Everything You Need to Know About Credit Card Processing

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Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. TL;DR There are several parties involved in credit card processing. They include: the merchant, cardholder, card associations, acquiring bank, issuing bank, and payment processor.

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Everything You Need to Know About PCI Compliance for Credit Card Processing

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Protect Stored Cardholder Data Organizations must protect stored cardholder data and other credit card information using encryption, masking, hashing, or other methods to make the data unreadable to unauthorized individuals. Additionally, sensitive authentication data must never be stored after authorization, even if encrypted.

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An Overview of the Payments Ecosystem in 2024

Clearly Payments

From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry. billion cards in circulation in the US in 2022, they play a significant role. With over 7.2 billion users globally as of 2023.

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The Complete Guide to PCI Compliance

Evolve Payment

PCI compliance should be paired with other fraud-prevention initiatives to create a holistic protection plan for your business. P2PE Merchants using only a validated, PCI-listed Point-to-Point Encryption (P2PE) solution. What are the Drawbacks to Becoming PCI Compliant? Ultimately, there are none.

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Best 2022 Guide to Credit Card Processing for Nonprofits

BNG Payments

In addition to online payments, if an organization wants to accept offline donations via credit cards, a merchant account is used alongside a hand-held credit card reader.  A card association is a group of banks that sets the terms for all credit card transactions.

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. BIN Sponsorship A service provided by payment processors that enables merchants to accept payment cards from multiple card issuers.

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