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How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Non-compliance can have major implications.

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Embedded Payments explained: Everything software companies need to know

Payrix

Referral partnerships Often referred to as Integrated Payments , this model connects the payment processing with point-of-sale (POS) system software that can sync with other business-critical systems. This experience allows software companies to monetize payments without taking on the risk and compliance that comes with payment processing.

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What is an Online Terminal and Why Do Merchants Need One?

Stax

Online terminals (sometimes referred to as virtual terminals) power various types of transactions, including eCommerce and payments made over the phone. Secure Transactions: Online terminals incorporate security protocols like SSL encryption, tokenization, and Payment Card Industry Data Security Standards (PCI DSS) compliance.

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Recurring Billing: Definition, How it Works, and Best Practices

Stax

TL;DR Recurring billing is a powerful solution to streamline processes and enhance revenue generation and customer engagement. Legal and payment compliance Adhering to compliance standards, including those set by the Payment Card Industry Data Security Standard (PCI DSS), is essential.

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What Are Some Common Mistakes to Avoid When Selecting a Billing Solution?

Blulogix

Mistake #5: Failing to Consider Regulatory Compliance Billing processes must adhere to tax regulations and reporting requirements. Failing to consider regulatory compliance can result in costly penalties and legal issues. How to Avoid It: Choose a billing solution like BluIQ that includes regulatory compliance features.

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The Ultimate SOC 2 Checklist for SaaS Companies 

Scytale

While it may appear daunting, navigating this compliance doesn’t need to be a complex endeavor. We’ve formulated a straightforward SOC 2 requirements checklist to assist you in initiating your path towards SOC 2 compliance. The SOC 2 Bible Everything you need to know about compliance! DOWNLOAD THE WHITEPAPER 2.

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The Ultimate Guide to Choosing a Subscription Billing Platform

Blulogix

Subscriptions offer financial stability, predictable revenue streams, and opportunities for customer engagement and upselling. Security and Compliance : Data security and compliance with industry regulations are non-negotiable. These complexities can quickly become overwhelming without the support of a robust billing platform.