Stax

OCTOBER 14, 2024

Additionally, look for a processor that offers flexibility in accepting various payment methods, such as credit and debit cards, mobile wallets like Apple Pay and Google Pay, and ACH transfers, to accommodate customer preferences and provide a convenient payment experience. Interchange Plus Pricing A small fixed fee (between $0.10

Processors

Stax

JANUARY 15, 2024

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. In case of ambiguities, don’t hesitate to consult with state regulators. Enter the PCI DSS compliance. Here’s everything to know about it in the next section.

Credit Cards

Stax

MARCH 15, 2024

The primary security standards that payment systems typically adhere to include: Payment Card Industry Data Security Standard (PCI DSS): PCI DSS sets forth requirements for securing payment card data, including encryption, access control, network monitoring, and regular security testing.

Process

Clearly Payments

FEBRUARY 12, 2024

Moreover, stringent data protection and privacy regulations, such as the GDPR and PCI DSS , govern how Visa and Mastercard handle sensitive financial data. Authorities implement regulations to ensure fair pricing practices and protect merchants and consumers from excessive fees.

Visa

Stax

MAY 7, 2024

For example, the interchange fees for online transactions may be higher due to the higher risk of credit card fraud. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. Can merchants pass credit card processing fees to customers?

Credit Cards

Stax

SEPTEMBER 17, 2024

If you’re handling cardholder data, you’ll need to think about aspects such as payment processor partners, PCI DSS compliance, and point of sale transactions in addition to various payment methods as credit card transactions and general commerce continue to evolve. From there, the bank will approve or decline the transaction.

Payment Gateways

The Fintech Times

FEBRUARY 27, 2024

Combatting bad usage of AI with AI Kjeld Herreman, Head of Strategy at RedCompass Labs A similar sentiment was shared by Kjeld Herreman , head of strategy at RedCompass Labs , the fintech consultant and accelerator. He added that reducing costs using new technologies was imperative for paytechs.

Consumer Protection