Stax

JANUARY 17, 2024

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network.

ACH

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. At its core, it involves the authorization, capture, and settlement of transactions.

Process

Clearly Payments

MARCH 4, 2024

CardSystems Solutions Data Breach (2005) In 2005, CardSystems Solutions found itself at the epicenter of a seismic data breach that rippled across the financial sector. The breach exposed the sensitive credit card information of millions, igniting concerns over data security and regulatory oversight.

Phishing

Stax

MAY 7, 2024

PCI-compliance fees – Businesses running credit card transactions must be compliant with the Payment Card Industry Data Security Standard (PCI DSS). This regulation is managed by the Payment Card Industry Security Standards Council (PCI SSC) and is meant to protect the cardholder’s data.

Credit Cards

PYMNTS

JULY 26, 2017

Specifically, the PSD1 regulations allowed more electronic banking and financial institutions the ability to provide payment services, promoted the rise of FinTechs and laid out a more specific set of digital finance parameters. It also gave customers more rights over how their information could be shared between different companies.

Regulations