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Webinar Recap: Compliance – February 2022

Infinicept

?? Compliance 101 (Part 3 of the Payments Education Webinar Series) A critical consideration in the world of payments is always compliance. Join our compliance experts as we discuss the range of variables that apply to different payment models and players in the ecosystem.

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The Hidden Challenges of Proper PCI Compliance

FastSpring

Understanding the basics of Payment Card Industry Standards is fairly straightforward, but maintaining full compliance can be challenging. PCI DSS compliance is enforced by the PCI Security Standards Council. This governing body includes international payment card brands like Visa, MasterCard, American Express, Discover, and JCB.

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What Brands Look for When Considering Acquiring Software Companies

FastSpring

As the Director of Corporate Development & Strategic Partnerships at WP Engine , Carl has worked on many acquisitions and partnerships, including brands like Flywheel, Perfect Dashboard, Block Lab, and recently, Delicious Brains. Can you describe the process for buying and selling a business from a brand? Jump to highlights.

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Demystifying Credit Card Interchange Fees: What You Need to Know [2024 Rates and Updates]

Stax

Set rate processing Subscription rate processing TL;DR Interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks. Interchange fees vary significantly depending on the card issuer, the issuing bank, type of transaction and/or merchant type.

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

For a merchant to accept credit cards, they need to pay both credit card processing fees to the banks involved and for the soft and hardware required to process cards. Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments.

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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

The acquiring bank (or issuing bank or acquirer) is the financial institution that enables merchants to accept payments, transferring funds from customers to the merchant’s account. The payment gateway acts as a virtual bridge, securely transmitting payment information between the merchant, customer, and acquiring bank.

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Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

Stax

Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. All industries and business types are also put under these categories.