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Payment Security: Everything You Need to Know About Secure Payments

Stax

In 2023, the cost of fraud to online businesses was $48 billion globally, according to Mastercard. Ultimately, PCI DSS compliance helps prevent fraudulent transactions, mitigates data breaches, cultivates customer trust and protects your business. Check and audit for payment security Regularly do security audits and compliance checks.

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What is a Surcharge Fee? How it Helps Consumers and Businesses

Stax

Credit card surcharging is subject to regulations and compliance requirements that vary by region and country. The rise in these fees can be attributed to the substantial investment required for the development and maintenance of secure payment processing infrastructure, protection against fraud, and the convenience offered to consumers.

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The Benefits of SaaS and Implementing SaaS Payments

Stax

billion in 2023 and is projected to cross $250 billion this year. It’s hosted on the cloud and software providers are responsible for software development, maintenance, and releasing updates. Automatic updates and maintenance SaaS software is maintained by the service provider that developed and is hosting the software on a cloud.

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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. TL;DR An independent software vendor (ISV) develops and sells software applications independently of hardware manufacturers.