article thumbnail

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).

article thumbnail

Payment Security: Everything You Need to Know About Secure Payments

Stax

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. Check and audit for payment security Regularly do security audits and compliance checks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Beyond retailers and accepting payments, NFC is used for public transport, access control systems, smart advertising, data exchange between devices, and interactive gaming.

article thumbnail

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.

article thumbnail

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

Stax

Tour Guides and Travel Services Mobile credit card processing is indispensable for tour guides, transportation providers, and excursion operators. Stax, for instance, offers fully transparent pricing and a wide range of capabilities able to accommodate your business’s needs now and as it grows.