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Look for PCI DSS-compliant payment gateways that optimize the security of credit and debit card transactions. Encryption – Encryption is a data security measure that ensures only authorized parties can read the data. However, it might only be suitable for smaller transaction volumes.
Learn More Payment Security Fundamentals Merchants hold a lot of sensitive data when processing transactions, and if not properly safeguarded, hackers could wreak havoc. How to Comply with Payment Security Standards The PaymentCard Industry Data Security Standards, or PCI DSS , are the North Star for payment processing security.
Most transactions, however, are assigned trustworthiness scores based on several factors, including how recently the user’s email address was created and whether the credit cardassociated with the transaction has been logged in a fraud database. First-party mobile ordering apps are taking other steps to prevent fraud.
PCI DSS stands for “PaymentCard Industry Data Security Standards.” These standards are set by card brands like Visa, Mastercard, Discover, and American Express to ensure sensitive paymentdata is securely processed , transmitted, and stored. PCI DSS stands for “PaymentCard Industry Data Security Standards.”
With Stax, we’re proud to ensure PCI compliance, which means we meet the PaymentCard Industry Data Security Standards, created by cardassociations like Visa, Mastercard, and American Express to ensure sensitive paymentdata is securely processed , transmitted, and stored.
More specifically, the OCC labels a merchant processing activity as: “the settlement of credit and debit cardpayment transactions by banks for merchants through various cardassociations.”
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 cardassociation is a group of banks that sets the terms for all credit card transactions.
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