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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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What is a Payment Management System?

Stax

Look for a PMS that can serve as an all-in-one platform for payment processing, integrates with other technologies, offers appropriate POS equipment, and prioritizes security compliance. Secure payment comes standard: Make sure your PMS meets Payment Card Industry compliance standards—this is a non-negotiable.

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Everything You Need to Know About Secure Payment Processing Systems

Stax

Secure payment systems comply with strict security standards and regulations set forth by governing bodies and industry organizations. Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data.

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

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Credit card surcharging is subject to regulations and compliance requirements that vary by region and country. Service providers such as CardX by Stax help companies offset some of these fees in a compliant and seamless way. Learn More What is Credit Card Surcharging? What is a Credit Card Surcharge Fee?

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Ultimate Guide to Surcharges: What is a Surcharge and How Does It Work

Stax

Cost recovery, industry standards, regulatory compliance, and consumer sensitivity are key factors to consider when calculating surcharges. This surcharge covers costs associated with adopting and maintaining government-mandated sustainable practices. Regulatory Compliance. Keep these compliance considerations in mind.

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Visa Interchange Rates 2024: What You Need to Know

Stax

Compliance and Regulation: Changes in regulations or compliance requirements can also influence interchange rates. For example, Stax operates on a flat-rate subscription model that provides you totally transparent access to the exact interchange fees—with no high markups. in-person, online).

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

Stax

Legal and payment compliance Adhering to compliance standards, including those set by the Payment Card Industry Data Security Standard (PCI DSS), is essential. Contact Stax Payments today to learn more about their recurring billing and payment processing solutions. Q: Does recurring payment mean automatic?