Stax

NOVEMBER 21, 2024

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. It serves as a link between your website and your payment processor.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

My Payment Savvy

JUNE 16, 2025

It collects payment data, secures sensitive information, and connects all parties needed to move money from your customer’s bank to yours. Unlike payment processors, which handle backend money transfers, payment gateways focus on securely capturing payment methods. Any hiccups risk abandoned carts and lost sales.

Payment Gateways 52

Payment Gateways Gateways Online and Mobile Banking PCI DSS 52

EBizCharge

APRIL 24, 2025

Increased security and compliance: Reputable Salesforce payment integrations are designed with strong security protocols and compliance with Payment Card Industry Data Security Standards (PCI DSS). These protocols protect your company and its customers while helping you meet industry compliance standards.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52

Stax

NOVEMBER 14, 2024

All you need to do is enter the payment info into your virtual terminal and it will then be encrypted, authorized, and submitted for online payment. This change has been taking place due to the considerable security improvements that the chip technology provides. Chips uniquely encrypt the card information each time it is used.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

EBizCharge

FEBRUARY 26, 2025

NetSuite automates key aspects of the payment process, including authorization, capture, and settlement, reducing manual effort and minimizing errors. Additionally, it includes security features such as tokenization, encryption, and fraud prevention tools to ensure compliance with Payment Card Industry Data Security Standards (PCI DSS).

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

Stax

MARCH 5, 2025

When they’re going to enter all their payment data, the payment gateway ensures that their credit card information is properly encrypted and routed accordingly, so there’s a secure connection between your online storefront, the customer’s browser, and their credit card company.

Credit Card Payment Processing 88

Credit Card Payment Processing Credit Cards Process Payment Gateways 88

Fintech News

OCTOBER 17, 2024

The Bank for International Settlements (BIS) has launched Project Aperta , an initiative aimed at improving open finance interoperability, reducing frictions, and cutting costs in global finance. These differing standards hinder cross-border data flow.

Cross-Border 119

Cross-Border Finance Security Interoperability 119

Payments Source

JULY 22, 2019

The timing of the settlement serves as a warning to other companies of the risks they face in an increasingly data-focused economy.

Data Security 83

Data Security Settlement Security Economy 83

PYMNTS

APRIL 25, 2019

This led to a security breach that compromised the data of approximately 2.1 As part of the settlement with the FTC, i-Dressup and its owners have agreed to pay $35,000 in civil penalties, and are prohibited from violating COPPA. million users, including around 245,000 users who indicated they were under 13.

FTC 53

FTC Data Security Consumer Security 53

Fintech Finance

OCTOBER 16, 2024

This collaboration brings together Macro Global’s expertise in cross-border payments technology with Trust Payments’ cutting-edge acquiring solution and the TRU Connect Payment Gateway , delivering a superior customer experience by providing timely and accurate card-based money transfers with robust data security at its core. “We

Cross-Border Payments 105

Cross-Border Payments Cross-Border Payments Settlement 105

The Payments Association

SEPTEMBER 27, 2024

The design of the patented technology was born out of Lucinity’s research and development division, Lucinity Labs, which had been looking for a way to strengthen the financial services ecosystem while complying with data-sharing laws. The biggest thing holding back the adoption of advanced AI systems is the global concern over data security.

Security 88

Security Financial Crimes AI Crime 88

PYMNTS

JANUARY 9, 2019

. “Businesses that collect and hold consumers’ payment card data have a responsibility to make sure that data is protected from hackers,” said Frosh. This settlement requires Neiman Marcus to bolster its protection of consumers’ information to prevent a breach like this from reoccurring.”. In addition to paying the $1.5

Breach 63

Breach Data Breach Settlement Payments 63

Fintech Finance

SEPTEMBER 20, 2024

When a passenger ‘taps on’, the NMI Gateway processes initial authorization and card tokenization, as well as subsequent authorization and settlement at ‘tap-off.’ ’ The NMI Gateway also handles deferred authorization for any transactions that fail or are declined.

Contactless Payments 96

Contactless Payments PCI DSS Payment APIs and Integration Gateways 96

Stax

SEPTEMBER 17, 2024

Failing to comply with the Payment Card Industry Data Security Standard can have a number of severe consequences for a business. PCI DSS stands for “Payment Card Industry Data Security Standards.” Data should only be stored if absolutely necessary and only for as long as required by business, legal, or regulatory needs.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

OCTOBER 6, 2020

and negotiate settlement offers, or whatever needs to be done, and then, from there, they can forward the [consumer] to the automated payment system, which is not recorded, and then that information can be sent in a PCI-compliant way to our payment services directly,” Carlson explained. Carlson likened the practice to a game of hot potato.

Compliance 71

Compliance Audit Push-to-Card Encryption 71

Clearly Payments

APRIL 3, 2024

At its core, it involves the authorization, capture, and settlement of transactions. Payment Gateway: The payment details are encrypted and sent to the payment gateway, which acts as a bridge between the merchant and the payment processor. Visa, Mastercard). This usually occurs within a few days.

Process 59

Process Processors Online and Mobile Banking Payments 59

Stax

APRIL 18, 2024

Processor: An entity responsible for handling transaction data between the merchant, acquiring bank, and card networks. They often provide services such as authorization, clearing, and settlement. Step 3: Settlement With the authorization code in hand, the merchant proceeds with the transaction.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Segpay

FEBRUARY 24, 2025

Last January, Segpay proudly announced that it has launched its new gateway payment platform: The Segpay Gateway can handle high volumes of merchant transactions in multiple currencies, keeping all data safe with the latest data security standards. Key Functions of a Payment Gateway: Encrypts and securely transmits payment data.

Payment Gateways 45

Payment Gateways Processors Gateways Payment Service Provider (PSP) 45

Stax

JULY 9, 2024

EFT payments offer a high level of security compared to traditional payment methods. Advanced encryption techniques are used to protect sensitive data during transmission, ensuring that personal and financial information remains confidential. Relatively inexpensive. Q: How are EFT payments regulated?

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Stax

MARCH 21, 2024

Businesses looking for embedded cloud-based payment solutions need to verify the data protection methods used by SaaS payment providers (e.g. tokenization, encryption). This also ensures that SaaS products are compliant with the latest data security guidelines.

Payment APIs and Integration 88

Payment APIs and Integration Payment Gateways Payments Gateways 88

Stax

MARCH 6, 2024

The role of payment gateways in recurring billing Payment gateways play a crucial role in the recurring billing process by securely processing and managing the transactions between customers and businesses. These standards ensure that customer payment information is handled securely and that transactions meet legal requirements.

Best Practices 88

Best Practices PCI DSS Payment Gateways Gateways 88

Payment Savvy

MAY 11, 2023

Security: Visa has strict security requirements to protect cardholder data and prevent fraud. As a merchant, you will need to comply with the Payment Card Industry Data Security Standard (PCI DSS) and other security regulations to ensure the safety and security of Visa transactions.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

Payment Savvy

JULY 3, 2024

The transaction is completed if approved, and the funds are held for settlement. Clearing and Settlement At the end of a business day or a predetermined period, the merchant batches all approved transactions and submits them to the acquiring bank for settlement. PCI DSS Compliance This is the cornerstone of debit card security.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

AUGUST 29, 2024

Step 3: Authorization, settlement, and reconciliation The payment gateway software will now send your customer’s payment information to your PSP to verify, authorize, and settle the transaction. The provider must follow all industry security best practices including top-level encryption protocols and access controls.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

EBizCharge

NOVEMBER 21, 2024

In credit card settlements, the effective date is the day the processed funds are credited to the merchant’s account. Merchants should regularly review their settlement reports to track these dates and ensure that all payments align with their financial planning.

Procedures 52

Procedures Mitigation Wire Transfer Payments 52

Payment Savvy

MAY 15, 2023

Security FedNow is not just focusing on speed; they also want to make sure that every transaction is secure and that the data involved is well-protected. So they will have a security feature that supports data security and payment integrity.

FedNow 52

FedNow Federal Reserve Liquidity Management Instant Payments 52

EBizCharge

JULY 16, 2024

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. Data security NACHA imposes stringent requirements to protect sensitive financial data. What is NACHA?

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

APRIL 24, 2019

Facebook allegedly said it would take certain measures to protect user privacy and their data Since then, Facebook has been accused of mishandling user data in the Cambridge Analytica scandal. The FTC could also subject the social media giant to tougher checkups to prove it is complying with the settlement.

Privacy 43

Privacy FTC Federal Trade Commission Payments 43

EBizCharge

JUNE 6, 2024

It’s important to consider various factors, including the payment methods supported, the credit card processing fees involved, the geographical regions served, and the security measures offered are paramount, as data breaches can have grave implications for your business.

Credit Cards 52

Credit Cards Process Payment Gateways Gateways 52

Evolve Payment

MARCH 21, 2024

More specifically, the OCC labels a merchant processing activity as: “the settlement of credit and debit card payment transactions by banks for merchants through various card associations.” Gateways securely pass sensitive customer data from your website or point-of-sale (POS) system to your payment processor.

Process 52

Process Gateways Processors Credit Cards 52

PayHawk

APRIL 18, 2023

Dual Message System A payment processing system that sends two separate messages for each transaction, one for authorization and one for clearing and settlement. Encryption The process of encoding sensitive data to prevent unauthorized access. E E-commerce The buying and selling of goods and services over the internet.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Clearly Payments

DECEMBER 5, 2023

Transaction Settlement: After authorization, the payment processor initiates the transfer of funds from the buyer’s account to the seller’s account. Secure Socket Layer (SSL) encryption became a standard, ensuring the confidentiality of sensitive information during online transactions.

Processors 52

Processors ISOs Payment APIs and Integration Payments 52

Segpay

JUNE 13, 2024

Target’s 2017 multistate settlement of $18.5 million is a constant reminder of why secure online payments are a priority for businesses and consumers who bank on online payments. This underscores why businesses must implement robust cybersecurity measures to guarantee secured transactions in this digital landscape.

Best Practices 40

Best Practices Processors Transactions Security 40

EBizCharge

JULY 18, 2024

With EDI, the entire payment transaction is carried out over secure networks with a high level of accuracy, resulting in reduced processing times and minimizing human error. Funds between banks are transferred efficiently, contributing to faster settlement and cost savings for both parties.

ACH 52

ACH Transactions Payments Funds Transfer 52

EBizCharge

JUNE 6, 2025

Security and PCI compliance: Ensure the gateway is compliant with Payment Card Industry Data Security Standards (PCI DSS) and offers comprehensive security features, such as encryption, tokenization, and fraud prevention tools. This helps protect both your business and customers’ sensitive payment information.

Payment Gateways 52

Payment Gateways Gateways Payments Risk 52

PYMNTS

NOVEMBER 14, 2018

The sale involved a 25,000 metric-ton shipment, where blockchain was used to streamline processes ranging from dispute settlement to transaction monitoring. The auditor] also confirmed that data has been encrypted, that no other data has been stored and that all data is up to date.”

Blockchain 56

Blockchain Cross-Border Cross-Border Payments Tax Refunds 56

CB Insights

AUGUST 25, 2017

As a digitized, secure, and tamper-proof ledger, blockchain could serve the same function, injecting enhanced accuracy and information-sharing into the financial services ecosystem. Gem is using Ethereum blockchain-enabled technology to create a secure, universal data-sharing infrastructure for the space.)

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78