Remove PCI DSS Remove Risk Assessment Remove Risk Mitigation
article thumbnail

Understanding Risk Management Strategies as a PayFac

Stax

However, you must ensure that all systems comply with security standards such as PCI DSS. A sound and unambiguous risk management policy provides an effective starting point for all the subsequent actions at the managerial and operational levels. Most PayFacs have technology in place to prevent these breaches.

article thumbnail

5 Must-Have Features for Loan Origination System

M2P Fintech

Regulatory Compliance: Helps lenders stay compliant with regulations such as GDPR, PCI DSS, and other financial industry standards, reducing the risk of legal penalties. Accurate risk assessment : Understanding different loan products allows for better evaluation of borrower profiles, facilitating appropriate lending limits.