Fi911
FEBRUARY 26, 2025
It applies to any entity that processes, stores, or transmits credit card information making it especially relevant to banks and financial institutions. Compliance ensures robust security practices to prevent breaches and protect sensitive payment card data. Staying up-to-date with PCI-DSS compliance should be a top priority.
Clearly Payments
JANUARY 15, 2025
The Many Types of Payment Processing Fees Below is a breakdown of the lesser-known or hidden fees that can show up on your monthly statements: Interchange Fees What It Is: The fee paid to the card-issuing bank every time a customer buys something with a credit or debit card. Cost Range: Usually 1.5%3.5% The processor charges a higher rate.
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Clearly Payments
OCTOBER 30, 2024
It’s more complex than domestic payments, as it requires a payment infrastructure that supports global payment options and multiple currencies while ensuring security and compliance with foreign regulations. Compliance with International Regulations Expanding internationally also means complying with local regulations in each new market.
The Payments Association
JANUARY 16, 2025
Clear Junctions findings stem from a recent poll of 150 senior payment industry executives conducted during its MiCA Masterclass webinar hosted in collaboration with financial services compliance consultancy fscom. 20% report difficulty in understanding compliance requirements during the Grandfathering period.
The Payments Association
JUNE 9, 2025
According to the Bank of England, RTGS settles approximately £500 billion between banks each day—around a quarter of the UK’s annual GDP—in sterling central bank money. Democratised access will foster fintech-bank collaboration, driving innovation. RT2 is substantially expanding direct participation.
The Payments Association
MAY 12, 2025
Its the gateway to onboarding, compliance, trust, and ultimately, conversion. Now, thanks to open banking and the EUs Instant Payments Regulation (IPR), regulated businesses are rethinking whats possible: real-time transactions, richer customer insight, and smoother experiences, all while staying compliant. Its a strategic shift.
Finextra
JUNE 27, 2025
From then on, banks need to be able to process MX messages, which contain much richer and more structured data. A few banks have already transitioned, but many more have yet to make the switch. Non-compliance may result in failed payments, operational inefficiencies, regulatory scrutiny, and reputational damage.
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