CHIPS Payment Solutions PCI DSS 
Stax
MARCH 5, 2025
Payment processors undeniably play a critical role in the success of your online store; all shoppers wont be able to make purchases through your website without a robust payment solution. And how can you find a reliable payment processing solution for your business? Why Are These Solutions So Important?
PYMNTS
OCTOBER 20, 2016
The single integrated payments solution is already benefiting some of the most recognized brands across industries, including retailers, such as World Duty Free and Monsoon Accessorize, and from PrioTicket to The Whisky Exchange and iconic sports venues, such as Twickenham Stadium. 2014 for its largest U.K.
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Clearly Payments
DECEMBER 2, 2024
Contactless payments , such as tap-to-pay, grew by 25% year-over-year in 2023 , making up a significant portion of in-store card transactions. Accepts contactless and EMV chip cards , which are more secure than magnetic stripes. Payments are processed through an app provided by the payment processor. Pros Low setup costs.
The Payments Association
OCTOBER 4, 2024
Competition from fintechs and big tech The card payment industry faces increasing competition from fintech startups and technology giants like Apple, Google, and Amazon, which are encroaching on the traditional payments space. These regulations are designed to ensure security, protect consumer data, and promote fair competition.
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.
Stax
NOVEMBER 6, 2023
The modern-day casino chips can be thought of as a great example of tokenization. This makes it obvious that companies providing payment solutions should incorporate data tokenization in their broader data security strategy. Data tokenization is not a perfect solution for data security.
Clearly Payments
MARCH 22, 2024
It allows two devices, like a smartphone and a payment terminal, to communicate when they are close to each other, typically within a few centimeters. When a user holds their NFC-enabled smartphone near a payment terminal, the NFC chip in the phone communicates with the terminal to complete the transaction.
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