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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 PCIDSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions.
TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. There are 12 requirements under PCIDSS, divided into six major categories. Each requirement plays a critical role in building a secure environment for payment processing. What is PCI Compliance?
Bank of America launched the BankAmericard in 1958, widely considered the first credit card available to consumers, which eventually evolved into Visa. In 1966, a group of California banks formed the Interbank CardAssociation (ICA), later known as Master Charge and then Mastercard.
BIN Sponsorship A service provided by payment processors that enables merchants to accept paymentcards from multiple card issuers. Bluetooth Card Reader A wireless device that connects to a mobile device or computer to process paymentcard transactions.
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