Fintech Finance

JUNE 9, 2025

As a further display of commitment to the region, PayU GPO received PCI DSS v4.0.1 PayU GPO’s A2A payment solution allows consumers in Nigeria to pay merchants directly from their bank accounts without the need for a card. Attestation of Compliance (AoC) for both South Africa and Nigeria.

PCI DSS 52

PCI DSS Online and Mobile Banking Financial Inclusion Alternative Payment Methods 52

Stax

MARCH 18, 2025

Funds are settled and deposited into the merchant account – Once the transaction has been approved, the funds are deducted from the customers account and deposited into the merchant account or payment service provider account after settlement. Ideally, you want instant or same-day fund settlement.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Stax

MARCH 5, 2025

To choose the right solution, you need to look at various factors when evaluating potential providers, including supported payment types, transaction fees and pricing structures, payout speed, and PCI DSS compliance. Its also not an option to have them; you must ensure PCI compliance.

Credit Card Payment Processing 88

Credit Card Payment Processing Credit Cards Process Payment Gateways 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. What is PCI Compliance? PCI DSS stands for “Payment Card Industry Data Security Standards.”

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Clearly Payments

MAY 2, 2024

Funding and Settlement Period : This section details when the funds from transactions will be deposited into your bank account. Also ensure you review any fees for settlement. PCI Compliance Fees : To comply with the Payment Card Industry Data Security Standard (PCI DSS) , processors might charge a fee.

Process 105

Process PCI DSS Processors Payments 105

My Payment Savvy

JUNE 16, 2025

This tokenization keeps the sensitive card information off your servers, reducing the risk of a data breach and easing PCI DSS compliance. Settlement (1–3 Business Days Later) At the end of the day, your processor batches all approved transactions and sends them for settlement.

Payment Gateways 52

Payment Gateways Gateways Online and Mobile Banking PCI DSS 52

Finextra

JUNE 25, 2025

Cross-border payment costs within SEPA can decrease by 85-90% for Ukrainian businesses, with processing time improvements from 3-5 days to same-day or instant settlements. Currently, 90% of Ukrainian SMEs expect positive impact from instant cross-border payments, with same-day settlements reducing working capital requirements by 20-30%.

FinTech 52

FinTech Payment APIs and Integration Cross-Border Cross-Border Payments 52

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. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Stax

MARCH 11, 2025

Encryption and transfer of payment information The payment gateway that underpins your checkout page will now encrypt the customers payment details as stipulated by industry data security regulations like PCI DSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

The Payments Association

JUNE 3, 2025

Moreover, network tokenisation reduces the regulatory burden by eliminating the need to store sensitive card data, supporting the Payment Card Industry Data Security Standard (PCI DSS) compliance and lowering the risk of data breaches.

Security 88

Security Payment Security Payment APIs and Integration Credential 88

Clearly Payments

FEBRUARY 7, 2024

Payment Settlement Time Payment settlement time refers to the duration between the initiation of a transaction and the actual receipt of funds in the merchant’s account. Faster settlement times improve cash flow and liquidity, enabling merchants to reinvest funds and meet operational expenses more efficiently.

Process 98

Process PCI DSS Processing Costs Payments 98

Clearly Payments

FEBRUARY 23, 2024

Settlement Time : The time it takes for funds from processed transactions to be settled and deposited into the merchant’s account. A shorter settlement time is generally preferred as it improves cash flow for the merchant. High customer satisfaction indicates a reliable and user-friendly payment processing service.

Processors 105

Processors PCI DSS Payments Volume 105

EBizCharge

NOVEMBER 27, 2024

Transaction settlement: After a payment is authorized, the merchant account facilitates the settlement process. Fraud detection and security tools: Merchant accounts often include tools and standards to prevent fraud and enhance security, including Payment Card Industry Data Security Standards (PCI-DSS).

Accounts 52

Accounts Payment Gateways Gateways Payment APIs and Integration 52

EBizCharge

FEBRUARY 26, 2025

NetSuite automates key aspects of the payment process, including authorization, capture, and settlement, reducing manual effort and minimizing errors. Additionally, it includes security features such as tokenization, encryption, and fraud prevention tools to ensure compliance with Payment Card Industry Data Security Standards (PCI DSS).

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

Stax

JANUARY 22, 2024

Payment processors are the behind-the-scenes entities that handle the authorization, capture, and settlement of transactions. The payment gateway acts as a virtual bridge, securely transmitting payment information between the merchant, customer, and acquiring bank.

Payment Gateways 88

Payment Gateways Gateways Facilitators PCI DSS 88

EBizCharge

APRIL 24, 2025

Increased security and compliance: Reputable Salesforce payment integrations are designed with strong security protocols and compliance with Payment Card Industry Data Security Standards (PCI DSS). What reporting features can I access after integrating my payment gateway?

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52

Stax

APRIL 30, 2024

Security and Compliance in Merchant Processing Any business that accepts credit and debit card payments must be compliant with the Payment Card Industry Data Security Standards (PCI DSS). The PCI DSS contains twelve stringent requirements that protect both the merchant and the customer from data breaches and identity theft.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

Clearly Payments

JUNE 7, 2024

Settlement : The acquiring bank settles the funds with the merchant, typically within one to a few days, depending on the payment gateway’s policies. Transaction Flow with Payment Gateway APIs The credit card transaction flow involves several steps, from the initiation of the payment to the final settlement of funds.

Payment Gateways 59

Payment Gateways Gateways API Payment APIs and Integration 59

Stax

MARCH 6, 2024

They ensure the safe transfer of payment information, validate transaction details and facilitate the authorization and settlement of payments. Legal and payment compliance Adhering to compliance standards, including those set by the Payment Card Industry Data Security Standard (PCI DSS), is essential.

Best Practices 88

Best Practices PCI DSS Payment Gateways Gateways 88

Payment Savvy

MAY 11, 2023

As a merchant, you will need to comply with the Payment Card Industry Data Security Standard (PCI DSS) and other security regulations to ensure the safety and security of Visa transactions. The process involves several steps, including authorization, clearing, and settlement.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

M2P Fintech

DECEMBER 17, 2024

It encompasses various functionalities, including payment setup, transaction management, settlement & payout management, and customer support integration, all aimed at improving operational efficiency. Settlement & Payout Management Settlement and payout management are integral components of an MMS.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Risk Assessment 52

Payment Savvy

JULY 3, 2024

The transaction is completed if approved, and the funds are held for settlement. Clearing and Settlement At the end of a business day or a predetermined period, the merchant batches all approved transactions and submits them to the acquiring bank for settlement. PCI DSS Compliance This is the cornerstone of debit card security.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Segpay

FEBRUARY 24, 2025

Helps merchants comply with PCI DSS (Payment Card Industry Data Security Standard) regulations. How It Works: After authorization by the payment gateway, the payment processor requests fund settlement. Provides merchant accounts for payment settlements. Simplifies compliance with security standards (PCI DSS, GDPR, etc.).

Payment Gateways 45

Payment Gateways Processors Gateways Payment Service Provider (PSP) 45

Clearly Payments

FEBRUARY 12, 2024

These networks have transformed the way payments are processed, moving from paper-based transactions to electronic authorizations and settlements. These disruptors often focus on addressing pain points such as high transaction fees, lengthy settlement times, and lack of transparency associated with traditional card networks.

Visa 105

Visa Payments Payment Networks Online and Mobile Banking 105

Clearly Payments

SEPTEMBER 13, 2024

They also ensure compliance with industry standards like PCI DSS. Unified Reconciliation and Settlement: By consolidating transactions from multiple providers, payment orchestrators simplify the reconciliation and settlement processes, reducing administrative overhead for businesses.

Payment APIs and Integration 104

Payment APIs and Integration Multi-Currency Payments Gateways 104

The Payments Association

OCTOBER 4, 2024

However, international transactions come with their own set of challenges, including fluctuating exchange rates, varying regulations, and complex settlement processes. Globalisation and cross-border payments As commerce becomes increasingly global, the demand for seamless cross-border payments is growing.

Online and Mobile Banking 88

Online and Mobile Banking Cross-Border Payments Cross-Border Alternative Payment Methods 88

Clearly Payments

JULY 11, 2024

PCI Compliance Fees: Fees for maintaining compliance with Payment Card Industry Data Security Standards (PCI DSS). Non-Compliance with PCI Standards: Payment Card Industry Data Security Standards (PCI DSS) compliance is mandatory for businesses handling card transactions. per transaction.

Process 52

Process PCI DSS Processors Non-Bank 52

EBizCharge

MAY 22, 2025

These include regulations such as Payment Card Industry Data Security Standards (PCI-DSS), General Data Protection Regulation (GDPR), and local and industry-specific invoicing laws like the Health Insurance Portability and Accountability Act (HIPAA). Failure to comply can result in fines or legal issues.

Process 52

Process Best Practices Reconciliation Automation 52

Stax

AUGUST 29, 2024

Step 3: Authorization, settlement, and reconciliation The payment gateway software will now send your customer’s payment information to your PSP to verify, authorize, and settle the transaction. The provider must follow all industry security best practices including top-level encryption protocols and access controls.

Payment Service Provider (PSP) 88

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

Stax

FEBRUARY 15, 2024

Payment processors handle transaction authorization, settlement, and security, ensuring seamless and secure payment experiences. ISVs ensure software solutions meet standards like PCI DSS (Payment Card Industry Data Security Standard). Q: Is a PayFac a payment processor?

ISVS 88

ISVS Facilitators ISOs Payment APIs and Integration 88

Clearly Payments

APRIL 3, 2024

At its core, it involves the authorization, capture, and settlement of transactions. Transaction Settlement Batch Processing: Approved transactions are grouped into batches by the merchant’s POS system or payment gateway. It then sends an approval or denial response back through the card network to the payment processor.

Process 59

Process Processors Online and Mobile Banking Payments 59

Stax

APRIL 11, 2024

Robust security measures: Any PMS worth its salt needs to have standard security features like encryption, fraud detection and compliance with industry standards, including the PCI DSS. Payment processors handle the nitty-gritty of authorization, settlement, and transfer of funds between your business and your customer’s bank.

Payments 88

Payments PCI DSS Compliance Processors 88

EBizCharge

AUGUST 12, 2024

Put simply, merchant acquirers focus on merchant relationships and transaction settlement, while card issuers focus on cardholder accounts, and payment processors ensure smooth data transmission between all parties involved. If approved, the merchant completes the sale.

Credit Cards 52

Credit Cards Acquirers Process Debit Card 52

EBizCharge

NOVEMBER 21, 2024

In credit card settlements, the effective date is the day the processed funds are credited to the merchant’s account. Merchants should regularly review their settlement reports to track these dates and ensure that all payments align with their financial planning.

Procedures 52

Procedures Mitigation Wire Transfer Payments 52

Stax

DECEMBER 20, 2023

They were required to pay an $18M settlement, but losses are estimated to top $200M. Finally, ensure your system is compliant with industry security standards (PCI DSS) to protect your customers’ card information. One of the most famous data breaches happened to Target in 2013.

Credit Cards 88

Credit Cards Small Business Process Security 88

Segpay

JUNE 13, 2024

Target’s 2017 multistate settlement of $18.5 Compliance with Industry Standards Your business should comply with industry bare minimums like Payment Card Industry Data Security Standard (PCI DSS). million is a constant reminder of why secure online payments are a priority for businesses and consumers who bank on online payments.

Best Practices 40

Best Practices Processors Transactions Security 40

PayHawk

APRIL 18, 2023

Dual Message System A payment processing system that sends two separate messages for each transaction, one for authorization and one for clearing and settlement. 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