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The solution is PCIDSS-compliant and EMV-certified, with full security, updates, and support managed by PXP, eliminating compliance headaches for merchants. Hedjri added: “What truly sets our solution apart is its omnichannel readinesscreating seamless payment experiences that follow customers across all touchpoints.
With connections to over 150 issuers, fintechs, and 12 processors globally, alongside integration capabilities with major payment schemes, Mea Card Gateway empowers organisations of all sizes, providing value-addedservices that have been previously hindered by PCIDSS compliance constraints.
The solution is PCIDSS-compliant and EMV-certified, with full security, updates, and support managed by PXP, eliminating merchant compliance headaches. While customisation options will be limited at launch, PXP plans to roll out additional features in the coming months based on market feedback.
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 PCIDSS (Payment Card Industry Data Security Standard) before transferring the data to your payment processor.
The solution is PCIDSS-compliant and EMV-certified, with full security, updates, and support managed by PXP, eliminating compliance headaches for merchants. Kamran Hedjri, Group CEO for PXP, added: “PXP is committed to making merchants’ lives easier, giving them more time to focus on their business.
Additionally, providers are seeking easier and quicker ways to stay on top of the compliance demands of regulations and standards such as PCIDSS, 3DS, and the forthcoming PSD3 amongst others. However, more services mean more integrations to manage, adding to payment providers’ operational burdens.
Helps merchants comply with PCIDSS (Payment Card Industry Data Security Standard) regulations. What is a Payment Service Provider (PSP)? A Payment Service Provider (PSP) offers a comprehensive solution that includes both a payment gateway and a payment processor, along with value-addedservices (VAS).
At the same time, Enfuce’s PCI-DSS certified platform also guarantees 99.999% uptime which competitors struggle to match, providing a reliable and secure environment that is crucial for the public sector, especially when dealing with sensitive use cases.
This collaboration also provides allpay access to Enfuce’s fraud and dispute management experts and PCI-DSS certified platform, ensuring a secure and modernised payment environment.
They also ensure compliance with industry standards like PCIDSS. Value-AddedServices : Some payment orchestrators offer advanced features, such as fraud detection, currency conversion, or optimized routing, which come at an additional cost.
But this isn’t sufficient for enterprise-level SaaS companies that want to offer payment processing to their own customers as a value-addedservice. Make sure that your SaaS billing platform is fully compliant with PCIDSS security regulations and can securely store credit card data on file via payment tokenization.
Compliance standards include GDPR for data protection, HIPAA for healthcare data privacy, PCIDSS for payment card security, and ISO 27001 for information security management. ISVs can outperform this by offering value-addedservices like free training and consulting to help users manage upgrades.
Payment service providers will need to find ways of monetising the data generated by payments and creating value-addedservices that elevate payments beyond a simple transfer of funds. However, as was the case in the telecommunications industry, innovation doesn’t end because a product becomes commoditised.
As a payment business dealing with card transactions processing, you’re subject to PCIDSS certification. Additionally, they can profit by offering value-addedservices, such as fraud prevention tools, data analytics, tokenization, and more. They may also charge merchants monthly, setup, and chargeback fees.
But Aberman emphasized that this is far from a doomed situation for banks and financial services players. Merchants will be administered two separate logins to two separate websites to manage different parts of their financial services portfolio — when an SMB should really be able to access all of that within a single touchpoint.
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