VISTA InfoSec

JULY 5, 2023

In this blog post, we’ll delve into the significance of PCI DSS compliance in healthcare and explore how it helps protect patient data and privacy. You may be wondering, what is the role of PCI DSS in healthcare if an organization is already HIPAA compliant? What is PCI DSS in the Healthcare Industry?

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PCI DSS Compliance Data Breach Breach 130

Stax

SEPTEMBER 17, 2024

A payment gateway is a must-have for online stores. In fact, research from 2023 shows that 69% of Americans said they’ve used a digital payment method in the past 3 months when making a purchase. And the best way for online businesses to start accepting payments is with a payment gateway.

Payment Gateways 88

Payment Gateways Gateways Online and Mobile Banking Payment APIs and Integration 88

Basis Theory

OCTOBER 1, 2024

Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Failure to meet these standards could result in fines or bans as a merchant or service, rendering you unable to process payments or send payment data with the major networks.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

Payment Savvy

NOVEMBER 11, 2020

That is the reason why payment gateways were created. How to Define a Payment Gateway. One can define a payment gateway as the technology capturing and transferring online payment data from the customer to the acquiring bank account. As a result, a merchant can accept payments without complications.

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Payment Gateways Gateways PCI DSS Credit Cards 52

Stax

JANUARY 15, 2024

It offers benefits, such as passing interchange fees to users, boosting profit margins, and encouraging alternative payment methods. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Enter the PCI DSS compliance.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

SEPTEMBER 17, 2024

TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. There are 12 requirements under PCI DSS, divided into six major categories. Each requirement plays a critical role in building a secure environment for payment processing. What is PCI Compliance?

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Stax

MARCH 15, 2024

Making sure there are secure payment technology policies and procedures within your company will guarantee the integrity of present and future transactions. Secure payment systems are easy to implement, as you use your payment processor to create a secure payment gateway. What Are Secure Payment Systems?

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Process Security PCI DSS Encryption 88

Stax

MARCH 6, 2024

Integrate with Payment Gateway: The payment gateway transfers payment information and funds between the customer’s account, bank, and the business’s account. This may come with the billing software platform , or a gateway provider may need to be sought separately.

Best Practices 88

Best Practices PCI DSS Payment Gateways Gateways 88

Stax

JANUARY 8, 2024

To establish an effective risk management program as a PayFac, you must establish a dedicated risk management team, utilize the right tools and technology, develop proper risk management policies and procedures, conduct regular risk audits, and stay up-to-date with the latest industry regulations.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

M2P Fintech

DECEMBER 17, 2024

KYC procedures validate their identity and legitimacy through checks on business licenses and ownership details. Self-service capabilities enable merchants to update information, manage payment options, and resolve disputes independently. Compliance monitoring ensures adherence to regulations like PCI DSS and AML laws.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Risk Assessment 52

EBizCharge

NOVEMBER 21, 2024

To mitigate payment delays and avoid payment interest penalties, understanding the constructive acceptance period and applicable agency procedures can ensure timely and efficient processing. By adhering to the defined payment procedures, businesses can avoid additional penalty payments and maintain smooth financial operations.

Procedures 52

Procedures Mitigation Wire Transfer Payments 52

Exact Payments

SEPTEMBER 25, 2023

Specifically, you will need to: Register with an acquiring bank Register with the card brands (Visa, Mastercard, American Express, Discover) Decide on a payment gateway (this is only relevant if you won’t be using or developing a proprietary payment gateway).

PCI DSS 52

PCI DSS OFAC Facilitators Payment Gateways 52

Payment Savvy

JULY 3, 2024

Businesses that learn the ins and outs of debit card processing can better accommodate their customers’ preferences and rationalize their financial procedures. Once the card is swiped, tapped, or details entered, the merchant’s POS system or payment gateway captures the transaction details.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Segpay

JANUARY 30, 2025

Whether it is to accept subscription fees for AI-powered software, micropayments for API calls, or licensing fees, AI companies need to partner with a secure payment service provider. Payment processors, PSPs, acquiring banks and payment gateways operate under strict regulations.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

Stax

NOVEMBER 11, 2024

Because check payments include not only the bank account number but also name and address, this payment method is not a recommended option. And, of course, there’s no possibility for cardholder’s sensitive card information to get released as there can be with a payment gateway that lacks good security.)

ACH 88

ACH Checks Identity Theft Payments 88

Stax

MAY 7, 2024

The transactional procedures are the authorization, clearing, and settlement processes of the funds being transferred. To complete payment processing, credit card companies have to charge processing fees. Payment gateway fees – Businesses need a payment gateway to process online card transactions.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

EBizCharge

MAY 13, 2024

Compliance and security: Automation solutions come designed with compliance and security at their core, adhering to payment standards like the Payment Card Industry Data Security Standard (PCI DSS). This allows finance teams to accept customer payments from multiple sales channels directly.

Automation 52

Automation Disputes Payments Process 52

EBizCharge

JULY 2, 2024

The importance of seamless payment collections A seamless payment collection process is crucial for businesses as it ensures efficiency and customer satisfaction. Ease of use is another factor; simple payment procedures require less effort from customers, enhancing their overall experience with the brand.

Contactless Payments 52

Contactless Payments Payments Online and Mobile Banking Disputes 52

Fi911

FEBRUARY 12, 2025

How Payment Routing Works The payment’s pathway is determined by established rules and available processors. Banks, payment gateways, processors, payment service providers (PSPs), card networks, and tokenization providers can all be part of the payment routing procedure for a merchant.

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PCI DSS Payments Processors Gateways 66