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Mobile Credit Card Processing Explained: What Business Owners Need to Know

Stax

According to Forbes , “mobile payments are increasingly being used by U.S. Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well. What is mobile credit card processing?

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Everything You Need to Know About Secure Payment Processing Systems

Stax

Compliance with these standards ensures that merchants and payment processors implement robust security measures to safeguard financial data. Compliance with PCI DSS is mandatory for businesses that handle credit card transactions. In some cases, the payment processor may be using Transport Layer Security (TLS).

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Payment Security: Everything You Need to Know About Secure Payments

Stax

Outside of standard card transactions, mobile wallets are gaining popularity, with 3.4 SSL/TLS is the acronym for Secure Sockets Layer and Transport Layer Security. Ultimately, PCI DSS compliance helps prevent fraudulent transactions, mitigates data breaches, cultivates customer trust and protects your business. What is SSL/TLS?

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Tap to Pay: What It Is and How It Works

Stax

In Seoul, South Korea, the Seoul Bus Transport Association introduced the UPass, a contactless payment card that commuters could tap on as they entered the bus. Google was the first, in 2011, to enable contactless payments via their mobile app. Tapping their phone to a terminal proved far more exciting than tapping the card.

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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. Common in transportation and logistics, fuel surcharges adjust for fluctuations in fuel prices. Regulatory Compliance. Keep these compliance considerations in mind. Fuel surcharge.