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Know Your Customer (KYC): What It Is and How to Comply

Stax

KYC’s three main components are the customer identification program (CIP), which was imposed by the USA Patriot Act in 2011; customer due diligence (CDD); and regular monitoring of the customer’s account and activities, which is also called enhanced due diligence (EDD). Request Quote What Exactly is KYC? In the U.S.,

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Tap to Pay: What It Is and How It Works

Stax

Google was the first, in 2011, to enable contactless payments via their mobile app. Full-service POS and credit card payment providers Full-service providers like Stax offer complete POS solutions and backend payment processing, which are essential to accepting contactless payments. Fees, too, differ among providers.