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Understanding PCI DSS, PSD2, and AML in Payment Processing: A Practical Guide

Finextra

That’s where PCI DSS, PSDS2, and AML come in. PCI DSS: Safeguarding cardholder data If you handle card payments, PCI DSS compliance is non-negotiable. What is PCI DSS? PCI DSS stands for Payment Card Industry Data Security Standard. You know this already.

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How modern payments processing has changed: In conversation with BPC

The Payments Association

Recognising shifts in market drivers, BPC has partnered with Arkwright to conduct collaborative research on next-generation payment processors.

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Which Wallet Solution Matches Your Business Model: eWallet or Digital Wallet?

Finextra

Important factors to consider when choosing a wallet software You need to look beyond the feature list. It expresses the views and opinions of the author.

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The Ultimate Guide to Ecommerce Payment Solutions

Stax

Businesses using self-hosted gateways must handle data security measures and comply with industry standards like PCI DSS. PCI compliance fees – Paid to maintain compliance with PCI DSS security standards Termination fees – Some providers lock you into a fixed contract.

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Beyond the Firewall: Rethinking Payment Data Security

Finextra

Standards like PCI DSS don’t currently mandate tokenisation for bank details, but forward-thinking organisations aren’t waiting for legislation to catch up. From Niche to Necessity While tokenisation is already well established in card payment systems, its adoption for bank account data is only just beginning.

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What is a BIN in Payment Processing

Clearly Payments

Choosing the Right Bank : Not all banks are equipped to handle new payment processors, so it’s important to research and choose a bank that supports startups in the payments industry. Compliance with Network Standards : Visa and Mastercard, for example, require strict adherence to Payment Card Industry Data Security Standards (PCI DSS).

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Tribe Payments Exposes Costly Gaps in Legacy POS Tech – 1 in 4 Merchants Miss Out on Alternative

Fintech Finance

Inefficiencies such as costly upgrades to the latest security and industry standards like PCI DSS, and being unable to integrate with other merchant systems like stock inventory and customer relationship management (CRM) platforms, are also threatening to eat into already-thin profit margins.