article thumbnail

Payment Security: Everything You Need to Know About Secure Payments

Stax

Taking precautions to implement security measures such as secure firewalls and cybersecurity training helps to protect cardholder data and other sensitive information. It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. What is SSL/TLS?

article thumbnail

ISVs vs SaaS: What’s the Difference?

Stax

Examples of popular SaaS apps include Shopify, an eCommerce platform, Dropbox, a cloud storage service, and Stax Bill, an automated payment processing system. Consider Stax’s partner program. ISVs that integrate their solutions with Stax Connect gain access to the platform’s global reach, co-selling opportunities, and support.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Understanding Risk Management Strategies as a PayFac

Stax

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc.

article thumbnail

Recurring Payments: Definition and Implementation Best Practices

Stax

Industry data shows that subscription-based businesses are growing 3.7x These platforms facilitate secure transactions, encrypt sensitive data, and ensure the seamless flow of funds between customers and businesses. For example, Stax has several useful API integrations to leading CRM tools, such as Hubspot, Xero, Wave and more.

article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. Implementing surcharging involves analyzing pricing strategy impact, communicating policies effectively to customers, and reviewing technical considerations, including cybersecurity measures.