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Understanding Risk Management Strategies as a PayFac

Stax

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. However, several complex types of risks come along with this. Most PayFacs have technology in place to prevent these breaches.

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Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Implementing surcharging involves analyzing pricing strategy impact, communicating policies effectively to customers, and reviewing technical considerations, including cybersecurity measures. Automate routine tasks to focus on more critical tasks like implementing cybersecurity measures. Process automation. Collaboration with ASVs.