Fintech News

SEPTEMBER 9, 2024

Most agree that digital identity is the first and most crucial step in fraud prevention and banks must make the management of these IDs a priority by putting in place more robust authentication measures, and of course, monitoring them well.

Deepfake 128

Deepfake PCI DSS Verification Financial Inclusion 128

EBizCharge

MARCH 18, 2025

Payment security A reliable Sage 100 payment processing solution will protect customer payment information by implementing robust security protocols and ensuring full compliance with Payment Card Industry Data Security Standards (PCI-DSS).

Credit Cards 52

Credit Cards Process Security Data Breach 52

Stax

APRIL 8, 2025

Interchange fees cover transaction processing costs, fraud prevention costs, and the risk incurred by the issuing bank if the cardholder fails to pay. Ensure your processor uses secure payment methods, address verification, and fraud detection tools to minimize chargebacks and fraud.

Credit Cards 88

Credit Cards Process Processors Push-to-Card 88

Clearly Payments

JANUARY 8, 2024

Fraud Risk and Prevention Techniques Managing fraud risk in payment processing requires a strategic and adaptable approach from merchants. The first step is implementing robust authentication processes, including multi-factor authentication, biometric verification , and tokenization , to enhance user access security.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Stax

JANUARY 28, 2025

Step 3: The payment services provider authenticates the transaction Once the customer selects a preferred card network, the merchants payment gateway will send the transaction details to the merchants payment services provider who will then contact the customers issuing bank for payment verification.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

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. Your merchant account can even be terminated if you get too many chargeback fees.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Clearly Payments

JANUARY 12, 2024

Merchants should invest in secure payment processing systems, utilize encryption technologies, and comply with Payment Card Industry Data Security Standard (PCI DSS) requirements. Promptly reporting any suspected fraud to the payment processor is essential. Implementing robust security measures is another essential step.

Credit Cards 105

Credit Cards Law Enforcement Card Issuer PCI DSS 105

Clearly Payments

OCTOBER 22, 2024

Verification : The encrypted PIN is sent to the card issuer’s system, where it is matched against the cardholder’s stored PIN. Transaction Approval : Upon successful verification, the card issuer approves the transaction, and the payment is processed. Encryption ensures the PIN cannot be intercepted or stolen during transmission.

Debit Card 105

Debit Card Credit Cards Point-of-Sale (POS) Encryption 105

Nanonets

OCTOBER 9, 2024

  Whether you're a loan officer reviewing an application or a business owner ensuring your clients’ payments are in order, bank statement verification is integral to ensuring financial accuracy and fraud prevention.   What is bank statement verification? 

Verification 52

Verification AI Reconciliation Payment APIs and Integration 52

EBizCharge

JANUARY 14, 2025

Effective fraud prevention boosts customer trust and loyalty. Finding a gateway that provides robust fraud prevention tools, encryption, tokenization, full PCI Compliance , and advanced verification is important. Sophisticated algorithms monitor transactions for suspicious activity.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 52

Clearly Payments

DECEMBER 2, 2024

Security Features Fraud and chargebacks are significant concerns for businesses accepting credit cards. To minimize risk: Look for PCI Compliance: The Payment Card Industry Data Security Standard (PCI DSS) is mandatory for all businesses that handle cardholder data. Ensure your provider complies with these standards.

Credit Cards 105

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 105

Stax

APRIL 30, 2024

Payment processors are responsible for communicating the details among various entities, whereas payment gateways deal with verification and approval. In addition, there are other costs like statement fees, merchant account fees, and verification fees. Not complying with the PCI can attract a fine of up to $500,000 per incident.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

EBizCharge

MARCH 3, 2025

Acumatica payment providers should comply with legal and regulatory requirements like Payment Card Industry Data Security Standards (PCI-DSS) , which safeguard payment data by implementing various security protocols. 3D Secure authentication requires an additional verification step during a credit card transaction.

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

Stax

AUGUST 29, 2024

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 PCI DSS (Payment Card Industry Data Security Standard).

Payment Service Provider (PSP) 88

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

Clearly Payments

JULY 11, 2024

PCI Compliance Fees: Fees for maintaining compliance with Payment Card Industry Data Security Standards (PCI DSS). For example, transactions without proper address verification (AVS) may be downgraded, incurring additional charges of 0.1% Batch Fees: Charges for processing a batch of transactions at the end of the day.

Process 52

Process PCI DSS Processors Non-Bank 52

Stax

DECEMBER 27, 2023

How Merchant Accounts Work The process of transaction handling When a customer makes a payment, their payment information is securely transmitted from the checkout to the payment processor for verification. PCI compliance. Scalability.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

Segpay

MARCH 10, 2025

Evaluate transaction fees, chargeback policies, and currency conversion rates to prevent unexpected expenses and optimize revenue retention. Security & Fraud Prevention Given the high-risk nature of online gaming, security is non-negotiable.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

EBizCharge

JUNE 4, 2024

Ensure the selected payment gateway complies with the Payment Card Industry Data Security Standards (PCI DSS) to protect your customers’ payment information. Security and fraud prevention Security is paramount in payment processing, and Acumatica provides robust tools and standards to protect sensitive data.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

Stax

DECEMBER 20, 2023

Use Address Verification Services (AVS) AVS is a fraud prevention measure for online and card-not-present transactions. Finally, ensure your system is compliant with industry security standards (PCI DSS) to protect your customers’ card information.

Credit Cards 88

Credit Cards Small Business Process Security 88

PayHawk

APRIL 18, 2023

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. PCI DSS Payment Card Industry Data Security Standards, a set of security standards designed to protect payment card data.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Stax

JANUARY 10, 2024

PCI compliance fees. This fee helps payment processors maintain compliance with the latest Payment Card Industry Data Security Standard (PCI DSS) requirements for secure online transactions. On the flip side, frequent incidences of fraud or unstable processing volumes can result in higher fees.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Clearly Payments

DECEMBER 7, 2023

Subsequently, it sends this secure code to your bank for verification. Fraud Prevention: Robust tools are in place to detect and prevent fraudulent activities , safeguarding our finances and protecting against unauthorized transactions.

Payment Gateways 52

Payment Gateways Gateways Online and Mobile Banking Payment APIs and Integration 52

Stax

OCTOBER 14, 2024

Verify that the provider is PCI-DSS compliant to ensure that your customers’ data is protected according to industry standards. Providing the highest level of security with complete encryption and various layers of fraud prevention tools provides an additional layer of comfort to your customers.

Processors 88

Processors Small Business Payment APIs and Integration Payments 88

EBizCharge

MAY 12, 2025

These standards include: Payment Card Industry Data Security Standards (PCI DSS): PCI Standards set foundational requirements for handling cardholder data, including encryption, secure networks, and security checks. Common certifications include PCI DSS, 3D Secure (3DS), System and Organization Controls (SOC 2) , and more.

Process 52

Process Security Payment Gateways Encryption 52