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Looking for the Best Payment Gateway? Here’s How to Choose the Right One

Stax

Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. Look for PCI DSS-compliant payment gateways that optimize the security of credit and debit card transactions. Learn More What is a Payment Gateway?

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What Are Merchant Category Codes (MCCs)?

EBizCharge

Tax reporting and compliance: MCCs aid in tax reporting and compliance with regulatory bodies like Payment Card Industry Data Security Standards (PCI DSS) and Anti-Money Laundering (AML). For example, if a credit card is suddenly used at a pawn shop after being consistently used at beauty shops, this can indicate fraud.

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ACLEDA Bank and BPC Celebrate 10 years of Driving Next-generation Banking in Cambodia

Fintech Finance

This resulted in a surge of QR payment-accepting merchants under ACLEDA’s network, from 230,000 in 2022 to over 420,000 in 2024, and the corresponding number of transactions skyrocketed from 16 million to 160 million per year.

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Network Tokenization vs PCI Tokenization in Payments

Clearly Payments

When a transaction needs to be authorized, the token is sent to the token vault, where it is matched with the corresponding card details to complete the transaction. PCI Tokenization PCI Tokenization is guided by the Payment Card Industry Data Security Standard (PCI DSS).

PCI DSS 59
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Everything You Need to Know About Secure Payment Processing Systems

Stax

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.

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Why PCI Compliance is Critical for Businesses

Exact Payments

The Payment Card Industry Data Security Standard (PCI DSS) plays a crucial role in protecting cardholder data for businesses that accept credit card payments. As a business owner or professional, it’s essential to understand the importance of PCI compliance and its requirements.

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Best credit card reconciliation software

Nanonets

It is the process of comparing and matching credit card transactions with corresponding spends and financial records to ensure accuracy and transparency in financial reporting.  The Top Credit Card Reconciliation Softwares in 2024 Credit card reconciliation is a crucial aspect of financial management for businesses of all sizes.