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Compliance with industry standards: Compliance with Payment Card Industry Data Security Standards (PCI-DSS) is another significant benefit of integrating a payment gateway into Acumatica. Allowing customers to pay their invoices with just a few clicks also increases convenience, potentially boosting sales and repeat business.
A custom NetSuite payment integration can help you reduce human error, avoid data silos, and stay compliant with security standards like Payment Card Industry Data Security Standards (PCI-DSS). Additionally, it lets you design workflows to match your business operations, rather than forcing you into rigid, one-size-fits-all processes.
Some examples of this compliance include Payment Card Industry Data Security Standards (PCIDSS) , Know Your Customer (KYC), and Anti-Money Laundering (AML) regulations. Regulatory requirements vary by industry and jurisdiction, impacting the underwriting process significantly.
Merchants, especially smaller or micro-merchants, don’t want the hassle of hardware that’s time-consuming to install, expensive to maintain, and difficult to upgrade every time a new payment method or industry standard emerges, like PCIDSS. “There is, however, a competition emerging between CBDCs and stablecoins.
PCIDSS Payment Card Industry Data Security Standards, a set of security standards designed to protect payment card data. Void The process of canceling a transaction before it is completed. Payment Terminal A physical device used to process payment card transactions. Want to Avoid the Complexities in Payment Processing?
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