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Glossary: 117 software-led payments terms to know

Payrix

Point-to-point encryption (P2PE) Technology standard created to secure electronic financial transactions. Risk management The process of assessing and mitigating potential risk associated with transactions and merchant boarding/activity, including fraud prevention, anti-money laundering compliance, and monitoring chargeback rates.

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Navigating PCI DSS Controls: Your Path to Secure Payments

Scytale

Did you know that the total value of losses due to fraudulent card payments worldwide – including both credit and debit cards – is expected to reach $43 billion by 2028? They are far more than just suggestions – they form the foundation of PCI DSS compliance.

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Credit Card Payment Integration: How to Integrate Payments into Your Website and Point of Sale

Stax

TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. For enhanced security, it uses EMV (Europay, Mastercard, and Visa) chip technology and contactless payments, like Apple Pay and Google Pay.

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Vantiv Worldpay Merchant Services by FIS

Stax

By leveraging cutting-edge technology and a deep understanding of the payments landscape, they ensure that clients can navigate the complexities of global payments with ease. Through this partnership, Stax provides businesses with cutting-edge payment technology , cost-saving solutions, and dedicated customer support.

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A Guide to Payment Tokenization

Stax

While tokenization and encryption both protect credit card data and enhance data security, these payment technologies work in different ways. Tokenization streamlines PCI DSS compliance, can improve customer retention, and provides an extra layer of security for payment collection.

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How to Select the Best Payment Terminal for Your Business

Stax

Wireless payment terminals: These are quite similar to mobile terminals, with the exception that these terminals can operate without needing an additional mobile device for connectivity. Security and compliance: Make sure they meet the latest security standards and regulations to protect you and your customers’ sensitive data.

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Glossary: 117 software-led payments terms to know

Payrix

Point-to-point encryption (P2PE) Technology standard created to secure electronic financial transactions. Risk management The process of assessing and mitigating potential risk associated with transactions and merchant boarding/activity, including fraud prevention, anti-money laundering compliance, and monitoring chargeback rates.