This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Compliance and security Your PSP is responsible for ensuring that sensitive customer financial data is securely encrypted and stored according to the standards and regulations of the industry, such as PCIDSS (Payment Card Industry Data Security Standard).
Key features to look for in an eCommerce payment solution include security and fraud protection, payment method variety, integration capabilities, chargeback protection and dispute resolution, and global payment support. The customer is then sent back to the eCommerce site after the payment is processed.
It also ensures that data security best practices, particularly PCIDSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. Customer support services Prioritize providers that have proven high-level technical customer support.
Yet, for all its transformative potential, AI companies struggle to partner with a secure paymentserviceprovider (PSP), because of regulatory concerns surrounding emerging technologies. Their lack of a proven track record can raise red flags, which is why PSPs are hesitant to onboard them.
Understanding the specific costs of each online payment method empowers businesses to make informed decisions that align with their financial strategies. PSPs like My Payment Savvy (MPS) prioritize data security through technologies like tokenization and compliance with PCIDSS (Payment Card Industry Data Security Standard) Level 1.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content