Remove 2011 Remove Stax Remove Systems Review
article thumbnail

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). In the U.S.,

article thumbnail

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. It’s secure NFC transactions are secure due to the short distance over which they occur. At the front end (the POS), all-in-one providers like Stax offer hardware, software, and additional services tailored to specific industries.

article thumbnail

Best Payroll for Small Businesses

Stax

Businesses should look for ease of use, cost-effectiveness, scalability, compliance, and integration capabilities in potential payroll systems. Scalability A common pain point for growing businesses is switching systems regularly as you outgrow solutions. Patriot gets high reviews for its user-friendliness and customer support.